Bachelor And Master Degree – “To stay at school.” You probably heard this phrase a million times growing up. You’ve heard it from parents to teachers, to almost every adult you meet. But with so many levels of education, how do you decide how long to stay in school? Is a bachelor’s degree really better than a high school diploma? Is becoming your own champion worth it? All of these questions, of course, depend on the career you want to pursue. But it also depends on how much money you want to make.
We all know that higher education often leads to higher paying careers. What might surprise you is that according to a Smartasset™ article, an employee with some college experience but no degree earns an average salary of $3,120 more per year than an employee with only a high school diploma.
Bachelor And Master Degree
The pay gap widens dramatically when you get a bachelor’s degree. At an average of $1,137 per week, a worker with a bachelor’s degree earns about $59,124 per year. And workers with a master’s degree can expect to earn $1,341 per week and an average of $69,732 per year. Check out our infographic to the right that illustrates how earnings compare at each degree level.
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The meaningful jump in salary from associate degree to bachelor’s and master’s degrees reflects the changing need for employees to be more knowledgeable and skilled as they begin their respected careers. Workers with bachelor’s and master’s degrees are incredibly profitable for employers because these graduates have more training, more skills, and more connections; making them an obvious choice among potential employees with only an associate’s degree. And of course, by this logic, a student with a master’s degree is a more attractive choice for an employer than a student with a bachelor’s degree. Also, a master’s degree can make it easier to move up the ranks, so master’s graduates tend to earn significantly more money.
…higher education can make it easier to move up the ranks, so graduate students tend to earn more money.
In addition to a higher salary, you probably won’t have to worry about finding a job once you’ve completed an advanced degree. The unemployment rate for Americans with only a high school diploma is 5.4%, while the unemployment rate for Americans with a bachelor’s degree is only 2.8% and 2.4% for those with a master’s degree.
There’s more to a bachelor’s and master’s degree than a higher salary. You will gain a lot of knowledge in your desired field of work. This knowledge will not only help you achieve the career you’ve always wanted, but it will help you succeed in that career. A bachelor’s degree and especially a master’s degree immediately distinguish you from other employees when applying for a job. And they often make connections through graduate school that expand their professional network even before they begin the application process. Regardless of your major, you’ll improve your research, problem-solving, analytical, writing, and many other skills that will help you tackle the toughest projects. By striving for a higher level, you make yourself a more rounded and experienced person, as well as an employee.
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Obviously, earning a degree is worth it, but many have argued that you have to pay too much for a degree. And for some, tuition seems impossible to afford. While it is true that many universities and programs cost a small fortune, there are many other educational options that are more than affordable. In addition, there are many resources available to assist you in financial aid planning.
Education has also evolved to meet the needs of those who want to earn a bachelor’s or master’s degree but have other responsibilities such as raising a family or working full-time. Online classes are a more convenient way to earn a degree on your own time and schedule. In today’s digital age, anyone, regardless of age or income, can get a bachelor’s or master’s degree.
Today’s job market is more competitive than ever. 74 percent of employers have raised educational standards in recent years. According to the U.S. According to the Bureau of Labor Statistics, by 2022, 18% of all jobs will require a master’s degree. In certain industries, such as education or healthcare, higher education is often mandatory.
Earning a bachelor’s or master’s degree isn’t just about a successful career and a higher salary. It’s an opportunity to grow and expand your intellectual and professional abilities, as well as learn and hone skills you’ll use throughout your career. Ultimately, earning your degree will also make you a better version of yourself. And if you happen to make a lot of money as a side product, that’s icing on the proverbial cake. The University expects only those who are well and have no symptoms of COVID-19 to enter a campus or location. Check out our latest updates.
Master’s Vs Bachelor’s Degree
Save time and money with this accelerated master’s program instead of studying for a bachelor’s and master’s degree separately.
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The Bachelor’s/Master’s program offers students an optimal career opportunity. Students Markus and Brendan both attended the BA/MSc, finding it an invaluable experience. Read more.
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Start with a single BA in Arts (Art; Criminology; International Studies; Media Communication; Music; Politics, Philosophy and Economics)
*Students intending to apply to the Master’s Program in Interpreting and Translating will need an advanced level of bilingualism and must study in a language other than English, including Chinese, French, German, Indonesian, Italian, Japanese, Korean, or Spanish.
In the last semester of the second year of undergraduate study, high-achieving students are invited to transfer to the program. If accepted for the accelerated track, you will use four units of your undergraduate electives to complete the 24-credit designated units of your destination master’s degree.
Students are encouraged to request a course progress check to confirm their eligibility for the program and receive personalized enrollment advice.
Bachelor’s + Masters
To transfer into a program, students apply for a course transfer and select the Master of Arts coursework they wish to combine with their Bachelor of Arts degree. To be admitted to the program, students must have achieved a minimum WAM (weighted grade point average) of 65%.
Students admitted to the program begin their Master’s studies in the third academic year and complete the remainder of their Master’s studies in the fourth and final year. See how it works in the track map examples below (click to enlarge).
Students who combine a Bachelor of Arts degree with a Master of Arts coursework degree have room for a major or an extended major (see course map in step 4).
It is possible to complete more than one major, but we strongly recommend that you seek personal advice on how this might work. Current students must book a 1-1 appointment. Prospective students can email arts-pg@.
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For domestic students, all units in the first three years of study (equivalent to 144 credits) count as Commonwealth Supported Place (CSP). Students have the option of paying the fee in advance each semester or, if eligible, can defer payment as a HECS-HELP CSP student.
Year (equivalent to 48 credits) is taken as full payment. Similar to the above, students have the option of paying the initial fee each semester or, where appropriate, may choose to defer any fees as a full-fee FEE-HELP student.
If you receive an offer to transfer to the 3rd year of the program, you are free to accept or decline it. Your offer email will include instructions on how to do this.
Students who successfully complete the third year of the program (equivalent to 144 credits) will receive an offer to complete the remaining 48 Master’s credits in the fourth year of the program. You will also be contacted for personal advice on your registration options.
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If your circumstances change and you need to defer this offer, it is possible to do so and return at a later date to complete your remaining Master’s units. To do this, you must follow the deferral instructions in your fourth year 48-point offer email. The School of will soon offer two accelerated programs that allow students to earn bachelor’s and master’s degrees in five years.
The “4+1” program options allow students with the appropriate academic background to pursue a Master’s Degree in Financial Risk Management (MSFRM) or a Master’s Degree in Analysis and Project Management (MSBAPM).