The debate surrounding the question of whether the Master should be sought as a further academic qualification after completing a Bachelor’s degree does not yet seem to lead to a clear conclusion.
As well as? Finally, some individual parameters have to be considered in this decision. We too have taken up this issue several times over the past few months. It was found that a master’s degree can pay off financially in the long term, and that the second degree may be useful if a leadership position is desired.
However, a mere focus on potential future income makes little sense in deciding whether a second degree is worthwhile. Rather, the Bachelor graduate should be informed exactly about the career prospects in his desired field of work. Here, contacts with persons who are already working in the designated field of work can be a valuable source of information. The graduate should find out whether there is a shortage of skilled workers or whether more extensive additional qualifications are important in order to be successful in the long term.
Master as a prerequisite for success?
In practice, it currently looks as if three-quarters of Bachelor’s graduates continue their studies and thus aim for the Master’s degree. And this despite the fact that the political objective of the Bologna Declaration in 1999 was that about one third of alumni should join the master’s program. These figures also illustrate the pressures under which young academics are planning their careers. Frequently, the fear of failing at work motivates them to gain further qualifications. The practical career entry can be postponed so in time.
In many sectors and areas, this makes perfect sense – for example, if in-depth specialist knowledge is already required for starting a career.
For many possible careers, however, practical experience is more relevant. This is especially true in the humanities and social sciences. Therefore, it seems more appropriate to first gain work experience after completing a Bachelor’s degree. After a few years of practical experience, for example, a Master of Business Administration (MBA) can be completed if a leadership position is desired. In addition to a bachelor’s degree, this qualification usually requires several years of professional experience. Again, different specializations are possible.
Overall, it can be stated that the decision – “only” Bachelor or Master – is influenced by many factors. If you are unsure which strategy makes the most sense for your own career, we are happy to advise you. We can also support you professionally in the implementation of your studies.