Graduate degrees in high demand fields


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The article ‘Graduate Degrees in High Demand Fields’ discusses about the benefits of pursuing a master’s degree in popular disciplines like business, healthcare and nursing. The article also furnishes detailed information and career prospects related to in-demand graduate degrees like MBA, masters in nursing administration and masters in healthcare administration.

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Graduate degrees in high demand fields

  1. 1. Graduate Degrees in High Demand FieldsAccording to the U.S. Census Bureau, the median annual earnings of individuals with aprofessional or graduate degree was $63,174 in 2008 – $15,321 more than those who held abachelor’s degree and a whopping $35,726 more than high school graduates.But a fat paycheck is not the only reason people choose to pursue graduate degrees. For many,a master’s degree fulfills one or more of the following goals: • It helps them get a competitive edge over their rivals in the job market. • It helps them gain expertise in and deeper understanding of a field. • It helps them switch careers by training them in a new field. • It helps them increase their value by enhancing their skills. • It helps them advance in certain careers that require master’s degrees for growth. • It helps them quench their thirst for knowledge. • It helps them command the respect of their family, friends, co-workers, and employers.While a lot of students go straight from undergrad to graduate schools, some professionalgraduate degrees may have prior work experience as one of the eligibility criteria. These degreesare extremely popular with professionals who return to school after working for a few years. Manystudents these days enroll in online graduate programs, which allow them to learn and earn at thesame time.Let’s look at some popular graduate degrees:1. Master in Business Administration: A master’s degree in business administration has thecapability to skyrocket your career to dizzying heights. Graduates are often lured by bigcompanies, who offer them leadership roles, attractive compensation, choicest postings, andmore.A Master of Business Administration degree imparts advanced business education to studentsand prepares them for middle and senior-level management roles in a variety of organizations.Depending on their interest and area of specialization, students can choose from a wide range ofbusiness areas including sales, marketing, operations, finance, human resources, etc.Your paycheck may depend on factors such as your organization, role, geographic location, etc.However, a business manager can hope to earn anywhere between $30,000 and $100,000.2. Master’s in Nursing Administration: This program is specifically designed for RegisteredNurses or RNs who return to school for professional advancement. The master’s degree innursing administration trains them in the non-clinical aspects of healthcare and prepares them formanagement roles through courses like health services economics, issues in managed care,nursing leadership, etc.According to the Department of Labor, employers are increasingly looking to fill management-level nursing roles with professionals who have a graduate or advanced degree in nursing orhealthcare administration.Armed with a master’s degree, nurses can advance from being a head nurse to more senior andchallenging roles of assistant director, director, vice president, or chief of nursing.3. Master’s in Healthcare Administration: The Department of Labor states that 10 of the 20fastest growing occupations are related to the healthcare industry. Healthcare administration isamongst the most popular and promising occupations within the field.
  2. 2. A graduate degree is usually the standard requirement for this profession, which makes themaster’s in healthcare administration one of the most high demand programs. The degree isdesigned to provide business education and management training to healthcare professionals.Healthcare administrators or managers will continue to enjoy excellent employment opportunities,according to the U.S. Department of Labor. An increase in demand for an occupation is usuallyaccompanied with higher salaries and the same is true for healthcare administrators. Healthcaremanagers can easily earn upwards of $80,000 depending on their level of responsibility and thetype of facility they’re employed with.