There are quite a few types of degrees that are available at graduate schools. The most common degrees pursued by students are masters degree and doctoral degrees. However, what is the difference between the two?
The commitment it takes to complete a graduate degree, whether masters or doctoral, can be confirmed by many a student. A graduate degree can be very competitive however. Students find this to be especially the case if they are keeping their careers and pursuing full-time study.
The more career-focused masters program is great for people looking to get a raise a work. Anyone hoping for a research-rich career would do better with a doctoral degree though. A PhD is also practically mandatory for those who want to become professors.
Know though that a masters degree sets you apart from people who only have a bachelor's degree. The degree also works well for those who have been in a particular field for quite some time and want to gain knowledge and expertise. Contrary to popular belief, you do not need to attain a masters degree in order to pursue a doctoral degree.
But one of the less tangible yet very valuable components of doctoral degrees is their ability to create knowledge. Because of their research component, the students essentially contribute new knowledge and information to their field of study. People who enjoy study and the gathering of information are particularly drawn to the doctoral degree.
It takes notably longer to complete a doctorate than it does for a master. A full-time masters degree can be completed in two years. A couple more years are required to complete a doctorate.
Now since PhDs take longer to complete, they also require more money when it comes to tuition fees and other educational expenses. On the up side, doctorate degrees result in a better salary package at the end of the day. Students are in agreement that doctorate degrees offer more long term benefits.
Importantly, there are different financial aid packages for the two degrees. Students in the masters degree program usually receive less funding, if any. PhD programs, however, may receive full scholarships with an attractive income.
A perk of both these degrees is that they allow students to choose areas of focus that actually hold some interest for them. Since the work is enjoyable to the student, the graduate school workload is bearable. Perseverance becomes almost second nature.
However, there are more online masters degree programs than there are online PhD programs. Doctoral degrees are ideal for people who enjoy study and learning in a specific field. Anyone looking for career growth path is better suited to a masters degree.
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