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• Master’s vs PhD | A Complete Guide to the Differences

Master's vs PhD | A Complete Guide to the Differences

Published on November 27, 2020 by Lauren Thomas . Revised on June 1, 2023.

The two most common types of graduate degrees are master’s and doctoral degrees:

• A master’s is a 1–2 year degree that can prepare you for a multitude of careers.
• A PhD, or doctoral degree, takes 3–7 years to complete (depending on the country) and prepares you for a career in academic research.

A master’s is also the necessary first step to a PhD. In the US, the master’s is built into PhD programs, while in most other countries, a separate master’s degree is required before applying for PhDs.

Master’s are far more common than PhDs. In the US, 24 million people have master’s or professional degrees, whereas only 4.5 million have doctorates.

Table of contents

Master’s vs phd at a glance, which is right for you, length of time required, career prospects, costs and salaries, application process, other interesting articles, frequently asked questions about master's and phd degrees.

The table below shows the key differences between the two.

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A PhD is right for you if:

• Your goal is to become a professor at a university or some other type of professional researcher.
• You love research and are passionate about discovering the answer to a particular question.
• You are willing to spend years pursuing your research even if you have to put up with a lot of dead ends and roadblocks.

A master’s degree is the better choice if any of the following apply:

• You want to continue studies in your field, but you’re not committed to a career as a professional researcher.
• You want to develop professional skills for a specific career.
• You are willing to pay a higher upfront cost if it means finishing with your degree (and thus being able to work) much faster.
• You want the option to study part-time while working.

The length of time required to complete a PhD or master’s degree varies. Unsurprisingly, PhDs take much longer, usually between 3–7 years. Master’s degrees are usually only 1–2 years.

Length of a master’s

Master’s degrees are usually 2 years, although 1-year master’s degrees also exist, mainly in the UK.

Most of the degree consists of classes and coursework, although many master’s programs include an intensive, semester-long master’s thesis or capstone project in which students bring together all they’ve learned to produce an original piece of work.

Length of a PhD

In the US, a PhD usually takes between 5 and 7 years to complete. The first 2 years are spent on coursework. Students, even those who choose to leave without finishing the program, usually receive a master’s degree at this point.

The next 3–5 years are spent preparing a dissertation —a lengthy piece of writing based on independent research, which aims to make a significant original contribution to one’s field.

Master’s degrees tend to prepare you for a career outside of academia, while PhDs are designed to lead to a career in research.

Careers for master’s graduates

There are two types of master’s degrees: terminal and research-intensive. The career prospects are different for each.

Terminal master’s degrees are intended to prepare students for careers outside of academia. Some degrees, known as professional degrees, specifically prepare students for particular professions; these include the Master of Public Policy (MPP), Master of Business Administration (MBA), Doctor of Physical Therapy (DPT), Master of Fine Arts (MFA), and Master of Public Health (MPH) degrees.

Other master’s degrees, usually Master of Arts (MA) or Master of Sciences (MS or MSc) degrees, do not necessarily lead to a specific career, but are intended to be a final degree. Examples include an MS in Communications or MS in Data Analytics.

In research-intensive master’s programs, students take coursework intended to prepare them for writing an original piece of research known as the master’s thesis . Such programs are usually intended to prepare for further study in a doctoral program.

Careers for PhD graduates

As research degrees, PhDs are usually intended to lead to an academic career. A PhD can be thought of like an apprenticeship, where students learn from professional researchers (academics) how to produce their own research.

Most students aspire to become a university professor upon the completion of their degree. However, careers in academia are highly competitive, and the skills learned in a doctoral program often lend themselves well to other types of careers.

Some graduates who find they prefer teaching to producing research go on to be teachers at liberal arts colleges or even secondary schools. Others work in research-intensive careers in the government, private sector, or at think tanks.

Below are a few examples of specific fields and non-academic careers that are common destinations of graduates of those fields.

• Computer Science
• Lab Sciences

Many government jobs, including economists at a country’s central bank, are research-intensive and require a PhD. Think tanks also hire economists to carry out independent research.

In the private sector, economic consulting and technology firms frequently hire PhDs to solve real-world problems that require complex mathematical modeling.

Graduate students from the humanities are sometimes hired by museums, who can make use of their research and writing skills to curate exhibits and run public outreach.

Humanities PhDs are often well-suited to research and grant-writing roles at nonprofits. Since so much of research is funded by grants, PhD students often gain a lot of experience applying for them, which is a useful skill in the nonprofit sector.

There are a wide range of non-academic research jobs for lab scientists with doctorates in subjects like chemistry, biology, ecology and physics.

Many PhD graduates are hired by pharmaceutical companies that need to perform research to create and test their products. Government agencies, such as the Environmental Protection Agency (EPA), also hire lab scientists to work on research projects.

Job prospects after graduation vary widely based on the field. In fields like management, computer science, statistics, and economics, there’s little underemployment—even graduates from less well-known programs can easily find jobs that pay well and use the skills they’ve gained from the PhD.

However, in other fields, particularly in the humanities, many PhD graduates have difficulty in the job market. Unfortunately, there are far more PhD graduates than assistant professor roles, so many instead take on part-time and low-paid roles as adjunct instructors. Even non-academic careers can sometimes be difficult for PhDs to move into, as they may be seen as “overqualified”  or as lacking in relevant professional experience.

Because career options post-PhD vary so much, you should take the time to figure out what the career prospects are in your field. Doctoral programs often have detailed “placement” records online in which they list the career outcomes of their graduates immediately upon leaving the program. If you can’t find these records, contact the program and ask for them—placement information should play an important role in your choice of PhD program.

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Although PhDs take far longer to complete, students often receive a living stipend in exchange for being a teaching or research assistant. Master’s degrees are shorter but less likely to be funded.

Both master’s degrees and PhDs lead to increased salaries upon graduation. While PhDs usually earn a bit more than those with a master’s degree, in some fields, the wages are identical, meaning that no financial benefit is gained from going on to a PhD.

Cost of a master’s

The upfront cost of a master’s degree is usually higher than a doctoral degree due to the lower amount of financial aid available. However, increased salaries also arrive faster than with a doctoral degree, because people graduate much earlier from a master’s program.

Some master’s students do receive stipends for their degrees, usually as compensation for being a teaching or research assistant. In addition, many people complete master’s degrees part time while working full-time, which allows them to fund their living costs as well as tuition.

The cost varies significantly by school and program. Public schools are usually cheaper than private ones. Some master’s degrees, such as MBAs, are notoriously expensive, but also result in much higher wages afterwards that make up for the high cost.

The master’s wage premium , or the extra amount that someone with a master’s degree makes than someone with just a high school diploma, is 23% on average. Many universities provide detailed statistics on the career and salary outcomes of their students. If they do not have this online, you should feel free to contact an administrator of the program and ask.

Cost of a PhD

PhDs, particularly outside the humanities, are usually (though not always) funded, meaning that tuition fees are fully waived and students receive a small living stipend. During the last 3–5 years of a PhD, after finishing their coursework (and sometimes before), students are usually expected to work as graduate instructors or research assistants in exchange for the stipend.

Sometimes students can apply for a fellowship (such as the National Science Foundation Graduate Research Program in the United States) that relieves them of any obligations to be a teaching or research assistant. Doctoral programs in the US tend to be better funded than in the rest of the world.

Sometimes, PhD degrees can be completed part-time, but this is rare. Students are usually expected to devote at least 40 hours a week to their research and work as teaching or research assistants.

The main cost of doctoral programs comes in the form of opportunity cost—all the years that students could be working a regular, full-time job, which usually pays much better than a graduate school stipend.

The average wage premium for PhDs is 26%, which is not much higher than the master’s degree premium.

In the US, the application process is similar for master’s and PhD programs. Both will generally ask for:

• At least one application essay, often called a personal statement or statement of purpose .
• Letters of recommendation .
• A resume or CV .
• Transcripts.
• Writing samples.

Applications for both types of programs also often require a standardized test. PhDs usually require the Graduate Record Examination (GRE), which tries to measure verbal reasoning, quantitative, critical thinking , and analytical writing skills. Many master’s programs require this test as well.

Applying for a master’s

Master’s degrees programs will often ask you to respond to specific essay prompts that may ask you to reflect upon not just your academic background, but also your personal character and future career ambitions.

Northwestern University’s Kellogg Business School requires Master’s of Business Administration (MBA) applicants write two essays, one about a recent time they demonstrated leadership and the second about their personal values.

Who you should ask for your letters of recommendation varies by program. If you are applying to a research-intensive master’s program, then you should choose former professors or research supervisors. For other programs, particularly business school, current work supervisors may be a better choice.

Some professional master’s programs require a specific test. For example, to apply to law school, you must take the Law School Admissions Test, or LSAT. For business school, you must take either the GRE or the Graduate Management Admissions Test (GMAT).

Applying for a PhD

When applying for a PhD, your resume should focus more on your research background—you should especially emphasize any publications you’ve authored or presentations that you’ve given.

Similarly, your statement of purpose should discuss research that you’ve participated in, whether as an assistant or the lead author. You should detail what exactly you did in projects you’ve contributed to, whether that’s conducting a literature review, coding regressions, or writing an entire article.

Your letters of recommendations should be from former professors or supervisors who can speak to your abilities and potential as a researcher. A good rule of thumb is to avoid asking for recommendations from anyone who does not themselves have a PhD.

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A master’s is a 1- or 2-year graduate degree that can prepare you for a variety of careers.

All master’s involve graduate-level coursework. Some are research-intensive and intend to prepare students for further study in a PhD; these usually require their students to write a master’s thesis . Others focus on professional training for a specific career.

A PhD, which is short for philosophiae doctor (doctor of philosophy in Latin), is the highest university degree that can be obtained. In a PhD, students spend 3–5 years writing a dissertation , which aims to make a significant, original contribution to current knowledge.

A PhD is intended to prepare students for a career as a researcher, whether that be in academia, the public sector, or the private sector.

This depends on the country. In the United States, you can generally go directly to a PhD  with only a bachelor’s degree, as a master’s program is included as part of the doctoral program.

Elsewhere, you generally need to graduate from a research-intensive master’s degree before continuing to the PhD.

This varies by country. In the United States, PhDs usually take between 5–7 years: 2 years of coursework followed by 3–5 years of independent research work to produce a dissertation.

In the rest of the world, students normally have a master’s degree before beginning the PhD, so they proceed directly to the research stage and complete a PhD in 3–5 years.

A master’s degree usually has a higher upfront cost, but it also allows you to start earning a higher salary more quickly. The exact cost depends on the country and the school: private universities usually cost more than public ones, and European degrees usually cost less than North American ones. There are limited possibilities for financial aid.

PhDs often waive tuition fees and offer a living stipend in exchange for a teaching or research assistantship. However, they take many years to complete, during which time you earn very little.

In the US, the graduate school application process is similar whether you’re applying for a master’s or a PhD . Both require letters of recommendation , a statement of purpose or personal statement , a resume or CV , and transcripts. Programs in the US and Canada usually also require a certain type of standardized test—often the GRE.

Outside the US, PhD programs usually also require applicants to write a research proposal , because students are expected to begin dissertation research in the first year of their PhD.

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Master’s vs. Ph.D.: What’s the Difference and Which One to Choose?

If graduate school is on your radar, one of the first things to consider is what type of degree you should pursue . While a bachelor’s degree is required for any postgraduate study, many people think you need a master’s to pursue a Ph.D., but that isn’t always the case. While there are benefits to receiving your master’s degree before your Ph.D., it’s not always necessary or required. However, there are important differences to note when deciding which type of program to apply to.

Master’s degree

A master’s degree usually takes about two years to complete full time. There are programs that allow a student to attend on a part-time basis, but that of course extends the completion time. Many master’s programs require a thesis to be completed, but not all. A thesis is a research project that is completed during the final year of a master’s program under the guidance of your program chair or advisor.

Under the master’s umbrella, there are quite a few specific degrees you can obtain. Your professional path will determine which of these you pursue.

• Master of Arts (MA) is given for disciplines in the arts and social sciences.
• Master of Science (MS) is given for sciences, health, engineering and statistics.
• Master of Research (MRes) is focused on training students to become researchers. This is advantageous to a student if they’re pursuing a research-based career or planning to apply for a Ph.D. program.
• Master by Research (MPhil) is similar to a MRes but is more advanced and focuses on research topics to be explored in depth. It’s often considered a precursor to a Ph.D. program.

Specialized master’s degrees

There are numerous specialized master’s degrees that are categorized by profession. These are often (not always) preceded by some professional experience prior to undertaking these types of advanced degrees.

• Master of Business Administration (MBA)
• Master of Library Science (MLS, MLIS, MSLS)
• Master of Public Administration (MPA)
• Master of Public Health (MPH)
• Master of Social Work (MSW)
• Master of Laws (LLM)
• Master of Education (MEd, MSEd, MIT, MAEd, MAT)
• Master of Engineering (MEng)
• Master of Architecture (MArch)
• Master of Fine Arts (MFA)
• Master of Divinity (MDiv)

Ph.D. (Doctor of Philosophy)

There are many Ph.D. programs and, in general, it’s considered the most advanced type of research degree you can obtain. Ph.D. candidates are required to complete a dissertation to obtain their degree. Unlike a thesis, a dissertation is longer and consists of original research conducted throughout the entire doctoral study. In some cases, students may be awarded a stipend, or pay, to complete the doctoral program and dissertation.

Ph.D.’s take a considerably longer time to complete than a master’s, five to eight years on average, and they carry a rather high rate of noncompletion due to time and financial commitments. Many Ph.D. programs have stipends available, so it’s important to inquire about that when researching a particular program.

Specialized doctorate programs

As with master’s degrees, there are several specialized doctorate programs specific to different disciplines and areas of study:

• Doctor of Business Administration (DBA)
• Doctor of Engineering (EngD/PhD)
• Doctor of Education (EdD/D.Ed)
• Doctor of Social Science (DsocSci)
• Doctor of Professional Studies (DProf)
• Doctor of Architecture (DArch)
• Doctor of Theology (Th.D)
• Doctor of Divinity (DD/DDiv)
• Doctor of Science STEM (Dsc/ScD)
• Doctor of Science Arts & Humanities (DLitt/LitD)

When deciding which one to get, consider your immediate or long-term career goals — which degree would serve you best? In some cases, you can obtain a Ph.D. with just a bachelor’s degree, but often it’s recommended you get a master’s first for the research experience that will be required for a Ph.D.

As with anything, there are exceptions. Students in law school obtain a J.D. (Juris Doctor) but can then further obtain a master’s in a sub-specialty like tax or immigration law. The health care occupations of physical therapist and pharmacist are also doctorate programs obtained post undergrad.

Making your choice

As with any decision, weigh your options, list pros and cons, and go from there. Once you’ve narrowed your options , you’ll have a precise list of programs and institutions generated for your specific goals.

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Master’s vs PhD — These are the Main Differences

Updated: July 18, 2022

Published: October 31, 2019

The consideration between earning a master’s vs PhD is not always an easy choice. While many careers and personal aspirations may be complete with just an undergraduate degree (Associate’s or Bachelor’s), a lot of people continue their higher education to obtain graduate degrees. These include a master’s and/or a PhD.

Neither a master’s degree nor a PhD is considered to be a walk in the park. Therefore, it’s useful to understand why you would earn either and then decide how far to go.

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Definitions: master’s vs phd.

Bost a master’s and PhD are defined as postgraduate degrees, but they require different commitments and styles of learning.

1. Master’s Degree:

Mostly all master’s degrees will require the completion of an undergraduate bachelor’s degree to enroll. They generally all share the same common requirement for a thesis or dissertation to graduate.

Earning a master’s degree through a taught program will result in the completion of a Master of Art (MA), Master of Science (MS), or Master of Philosophy (MPhil). For those who earn their master’s degree through research, they will earn a Master of Research (Mre), in a tailored field of study. There are also degree-specific master’s programs like Master of Business Administration (MBA) and Master of Education (M.Ed).

After earning a master’s degree, the next step is a PhD, which entails both working and performing research at an institution. A PhD is an abbreviation for “Doctor of Philosophy.” It is the highest academic degree one can achieve. As such, it is a time-consuming pursuit that requires a lot of studying and research.

You may be wondering, “Do you need a master’s to get a PhD?”

Technically, the answer is not always. Some students skip a master’s and go straight for their PhD, but they may lack research experience. While it could save money, the transition between a bachelor’s and a PhD is incredibly sharp. It may be harder to complete a PhD without the experience from a master’s.

Yet, some institutions may allow for the possibility to earn both your master’s and PhD in conjunction with one another. This will alleviate the transition between skipping a master’s and going straight to earning a PhD.

Should You Get a Master’s or PhD?

There are many considerations to factor when deciding between a master’s of PhD. For starters, it’s useful to consider the amount of time it will take, the cost, and the benefits and disadvantages of each. It is also of utmost importance to explore your own personal goals and reasons for wanting a graduate degree.

If your desired career of choice requires a PhD, like becoming a university professor, then you have your answer. If you want to start a business and benefit by networking while in school, a Master of Business Administration (MBA) could be a good idea. Consider what you want to pursue as a career and find out the requirements first.

Another useful thing to note is that a master’s degree can be used for a shift in careers. For example, if you attended college and earned a bachelor’s degree in humanities, but now you want to pursue science, you can still earn your master’s degree in a scientific discipline. On the other hand, a PhD is tailored to your field of study and specialty, so it will require that you are sure of your direction when you first earn your master’s degree.

Length of Time

A typical master’s degree program takes about two years full-time. However, there are accelerated programs that can be completed in just a year or so.

A PhD, in general, requires five to six years of studying, teaching, and research. However, it may even take some students up to eight or nine years to graduate. With this significant investment in time, it’s necessary to know if a PhD is right for you before starting.

The cost of both programs varies by institution and enrollment status of part-time versus full-time. However, since a PhD takes longer to complete, it will end up costing more. With that said, if you look into your return on investment, a PhD could end up yielding a higher salary, and therefore end up “costing less.”

Additionally, there is also the possibility of being paid to complete your PhD. Some students may receive an academic stipend, a university fellowship or apprenticeship or a reduced fee to earn their PhD while completing research (or teaching) at an institution. It’s also possible to get financial aid through a scholarship or grant.

As tuition rates continue to rise, it’s useful to look into alternative institutions for affordable education. For example, the University of the People offers a tuition-free master’s program in Business Administration and Education. This means you can study 100% online and graduate for less than the cost of most programs.

Weighing the Benefits

When comparing the two degree types, here are some benefits of each:

• Career-oriented
• Can open the door for more job opportunities
• Costs less than a PhD
• Takes less time than a PhD
• Helps you stand out from those with only an undergraduate degree
• You can perform research in your field of choice
• You become an expert in your field
• The prefix Dr. is added to your name
• You can teach in academia at the highest level

Required Commitment and Reasons to Pursue

Both a master’s and a PhD require a huge amount of hard work and utter commitment. You must be dedicated and motivated to complete either degree. Since most careers only may require a bachelor’s degree, having a master’s or PhD will set you apart from the competition. However, this should not be the sole reason to pursue either.

You may be wondering why would you earn either degree. Here’s a look at some motivational factors:

Reasons to Study for a Master’s

• Your career requires it (see next section)
• You want to advance your subject knowledge
• You want to experience graduate school and network with peers

Reasons to Study for a PhD

• You want to contribute new research to your field of choice
• Your career requires a PhD
• You want to earn the title of Dr.

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Required degrees by career.

Most people are motivated to pursue higher education because their desired careers require they do so. Here, we will break down those fields that require the completion of a master’s degree as it’s high on the list of reasons why to get one.

• Education Administration: To work as an administrator in an educational institution, you need to hold an advanced degree. A Master’s in Education (M.Ed) will provide you with the necessary knowledge and required skills to succeed in the field.
• Executive Level Business: A Master’s in Business (MBA) will not only place you ahead of the competition to land high-level positions in the field of business, but it can also be the jumping off point for becoming your own boss.
• Environmental Science: With issues in climate change and technological advancement, careers in Environmental Science are growing. As with most scientific careers, it requires a master’s degree where you will learn Applied Ecology, Environmental Policy, Environmental Chemistry, and more.
• Mental Health: To become a licensed practitioner and assist in mental health counseling, you will continue your education through a master’s degree in the field.
• Physical Therapy: Employers of physical therapists often prefer them to obtain a master’s degree in the discipline as the field is highly specialized.

Of course, some careers require a PhD. These careers are easy to spot because they have the prefix Dr. in front of them or the suffix like J.D. (Juris Doctor). To become a lawyer, doctor of medicine, veterinary medicine or psychologist/psychiatrist, you must obtain a PhD in the respective field.

Salary Differences Between Master’s and Ph.D. Graduates

According to a study performed by the Georgetown University Center on Education and the Workforce , the overall evidence shows that the higher the degree you have, the higher your salary potential. However, the differences vary by subject level and field.

In general, the expected lifetime earnings of those with each degree level is as follows:

• High School Diploma: $973,000
• Bachelor’s Degree: $1.3 million
• Master’s Degree: $2.7 million
• Doctorate Degree: $3.3 million

The Bottom Line

Aside from the financial cost and length of time, the opportunity to earn a master’s and a doctorate degree can offer several benefits.

However, it is an undertaking that requires a lot of dedication and motivation on behalf of the student. As such, it’s important to perform research on your desired career’s requirements, as well as your personal interest in pursuing either a Phd vs master’s.

Related Articles

• Masters vs PhD – Differences Explained
• Types of Doctorates

The decision of whether or not to pursue a Masters or PhD (or both) after you complete your undergraduate studies is not necessarily a straightforward one. Both are postgraduate degrees but are different in terms of the academic experience and the career paths taken afterwards.

In short, a Masters degree involves a year of study, primarily through taught lectures and a final dissertation research project, whilst a PhD (also referred to as a doctorate degree) is a three-year commitment of independent research on a specific subject.

There’s more to it than that, however – read on for more information.

What Is a Masters Degree?

A Masters degree is the next level of education after the completion of an undergraduate degree, commonly known as a Bachelors.

These degree levels are often referred to in terms of cycles so that a Bachelor’s is a first-cycle degree, a Masters is a second-cycle and finally, a PhD is the third-cycle of higher education (and the highest).

Masters degrees demand an intense period of study, usually centred around a core series of lectures and taught modules, coupled with coursework assignments and exams, followed by the completion of a contained research project usually taking students 3-4 months to complete.

These types of degrees are attractive to recent graduates who want to delve deeper into their specific field of study, gaining some research experience and more specialised knowledge beyond what an undergraduate degree can offer.

Equally, some pursue a Masters degree program in a subject that is only tangentially related to their Bachelors degree, helping them gain a broader depth of knowledge.

These degrees also serve as a significant stepping stone for those already in employment who want to progress their current career development and earn a higher salary. They can also be an excellent method for helping in changing careers completely by learning new skills and subject knowledge.

What Is a PhD Degree?

A Doctor of Philosophy (PhD) is the highest academic degree that can be awarded and is the third and final cycle in the progression of higher education.

A doctoral degree is earned on the basis of producing a significant, independent and novel body of work (a Thesis) that contributes new knowledge to a particular research topic.

These are research degrees that are a significant investment of a candidate’s time, resources and energy and are all but a pre-requisite for anyone considering a career in academia, such as eventually becoming a professor.

There are some exceptions to this, such as those with a medical background who may earn an MD (Doctor of Medicine), which is the equivalent of a PhD.

Doctoral degrees can also have a significant positive impact on career development outside of academia, especially in fields such as engineering, business and finance that have a high demand for highly qualified and capable people.

A graduate student engaged in PhD study is commonly known as a PhD student, PhD candidate or doctoral student.

What are the Benefits of a Masters Degree?

There are several reasons one might consider doing a Masters degree rather than a PhD in their graduate education. These include:

• It takes approximately a third of the time to do compared to a doctorate degree and costs less too.
• It’s a good way to differentiate yourself from those that hold only an undergraduate degree without having to commit to a substantial research degree.
• The end goal is more career-focused as opposed to research-focused. For example, it is practically an ‘easier’ route to changing or progressing your career if that aligns with your professional goals.

What are the Benefits of Doing a PhD?

You may continue on into a doctoral program after a Masters or you may even dive straight in after completing your undergraduate studies. So, what are the advantages of completing this third-cycle?

• You’ll have developed a wealth of transferable skills at graduate school, such as effective communication of complex concepts, multi-tasking time-management and the ability to adapt to and solve unexpected problems.
• A doctorate helps to establish you as an expert within your chosen subject area; your work will hopefully have furthered the knowledge in this.
• It will open up career paths and teaching positions within academia that may otherwise be very difficult to get a hold in (although these career paths will still be very competitive).
• You can add the title ‘Dr’ in front of your name!

Which Degree Is More Impactful: A Masters or a PhD?

On paper, the answer should be clear: A doctorate degree is the highest degree you can earn, so has more impact than a Masters, which in turn has more impact than a Bachelors.

The reality is that the size of the impact (if any) really depends on the subject area and the career path you choose (if the measure of impact is how it positively improves your career prospects, that is).

For someone with aspirations of becoming a professor, a PhD will be of greater value than a Masters alone.

Equally, it’s also possible that someone with a PhD entering a different field or one that doesn’t require a PhD may find that their degree has no bearing on their career or in some cases may even be seen as a ‘negative’ with a concern of the person being ‘over-qualified’ for a position. There are many scenarios in which professional experience would be more valuable to an employer than a doctorate degree.

Check out the links below to our interviews with Prof. Debby Cotton and Dr Nikolay Nikolov to read their experiences of when a going through a PhD program has had a clear benefit (Prof. Cotton) and when it hasn’t been helpful (Dr Nikolov).

Do You Need to Have a Masters to do a PhD?

This really depends on the university, department and sometimes even the project and supervisor.

From a purely application process perspective, some institutions may formally require you to hold a Masters degree relevant to the subject of the PhD project before you can enter their doctoral program.

In another scenario, most universities are unlikely to accept candidates that were awarded below a 2:1 (in the UK) in their undergraduate degree but may consider someone who has ‘made up’ for this with a high-grade Masters.

Lastly, some universities now offer PhD programmes that incorporate an additional year of study in which you would complete a Masters degree before carrying directly on into a PhD project. As you’d expect, even if a university doesn’t formally require you to hold one, a Masters degree can help separate you from other applicants in being accepted on the project.

Check out our detailed guide to doing a PhD without a Master’s .

Why Do a Masters before Your PhD?

Even if you don’t need to have one, it could still be beneficial to begin your postgraduate study by doing a Masters first before you embark on your doctorate journey.

As mentioned previously it’ll help you stand out from applicants that don’t have one, but beyond that, it’ll give you a taster of what research life could be like, especially if you stay at the same university and department for your PhD.

The one-year commitment (in the UK at least) of carrying out a Masters first, and in particular your research project, will help you better understand if this is truly something you want to commit the next three or more years to.

You’ll learn some of the skills of independent research, from performing detailed literature searches to more complex, analytical writing.

At the end of it, you should be in a stronger position to consider your options and decide about whether to continue into a PhD at graduate school.

Finding a PhD has never been this easy – search for a PhD by keyword, location or academic area of interest.

How Long Does It Take to Get a Masters Degree?

In the UK, a full-time Masters degrees take students one calendar year to complete: The programme of study usually starts in September, the final research project the following April and final project viva around August. Part-time degrees are usually double the time.

How Long Does It Take to Get a PhD?

In the UK, most PhD projects take 3-4 years to complete , as reflected by the majority of funded projects offering stipends to cover living expenses of about 3.5 years.

For many reasons, projects may end up taking longer to complete, however. This might be because of difficulties in collecting enough data, or if the project is being done part-time.

Which One is More Expensive to Do?

As you’d expect, as a PhD takes three times as long to complete as a Masters degree, it will cost you more to do as far as university fees are concerned.

Another thing to consider is that many PhD projects come with some level of funding equivalent to a low salary, which may cover the cost of tuition fees and living expenses, whilst it is usually more difficult to obtain funding for Masters study.

Conversely, a Masters graduate may progress into a higher (versus PhD funding) salary sooner whilst a PhD student will endure three years of a comparatively low income.

A Masters vs a PhD: Conclusion

If you’re considering continue further graduate study after your undergraduate degree, the question of doing a Masters vs a PhD is likely to come up. They are both considered an advanced degree, each with their own advantages.

There are benefits to doing either of these graduate programs or even both of them; your decision here can be easier if you have an idea of the career you want to follow or if you know you have a love for research!

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Should I Pursue A Master’s or A Ph.D.?

The first step in deciding on the right graduate program for you is to figure out which degree will best serve you—a master’s or a doctor of philosophy (Ph.D.). Here are a few factors to consider.

What are your career goals?

• Professional master’s: A good choice if you want to develop a particular skill set in order to practice a particular profession. This type of degree provides coursework focused on learning and practicing skills.
• Research master’s: A good fit if you want to gain expertise in a discipline and know how to teach it. A research master’s typically includes a research project or thesis and comprehensive exams in addition to coursework and provides experience in research and scholarship.
• Ph.D. (doctor of philosophy): Consider this option if your goal is to ground yourself in a body of research and develop the ability to add to that body of knowledge. Ph.D. study includes a major research project in addition to coursework, and a Ph.D. is the highest scholastic degree awarded by American universities. Contrary to common perception, career paths for Ph.D. graduates are quite varied, not just limited to academia. Ph.D. training helps you hones skills such as writing, research, teaching, data analysis, communicating complex topics—all of which can translate into many sectors, including industry, government, nonprofit, and entrepreneurship.

See career data for Duke graduate programs' alumni

How much time do you have to pursue a graduate degree?

Master’s degrees typically take two years to complete, while Ph.D. programs generally take five to seven years ( see Duke programs' time-to-degree ). That is a significant difference in commitment and opportunity costs. It might also play a key role in deciding which factors take higher priority as you evaluate a program. How does the length of the program fit with your career and family plans? How important is the surrounding community if you are going to be there for seven years instead of two? How long are you able or willing to go on a limited income while in graduate school?

How much can you afford to pay for a graduate degree?

Consider your personal financial situation (e.g., how much savings and student loans do you have), as well as how much financial aid you can get. Master’s and Ph.D. programs differ greatly in the amount of financial aid available. Ph.D. programs tend to offer significantly more financial support than master’s programs (but often will have research or teaching requirements). 

A typical Ph.D. financial aid package usually includes coverage of tuition and fees, a living stipend, and some level of support for health insurance for a set number of years. For instance, Duke’s standard Ph.D. package covers tuition, mandatory fees, and a stipend for five years, as well as health insurance premiums for six years. 

Within an institution, the level of financial support often differs across programs, so be sure to ask your specific program about the financial aid it offers. There are also many national organizations that provide competitive fellowships and scholarships for graduate students.

Know which degree you want to pursue? Here are some key things to look for in a program .

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Masters vs PhD – What’s the best degree for me?

In the US, a Master’s degree is not required for a PhD – unlike most European countries, where it is a prerequisite. Thus, in the US, deciding between a Master’s degree and a PhD can be a challenging question. By understanding the distinction, you can determine which program aligns best with your aspirations and goals. This article will provide insights into the structure, requirements, and outcomes of both degrees, helping you make an informed decision.

MASTER’S VS PHD DEGREE – WHICH IS BETTER FOR MY CAREER?

If you’re a recent graduate student looking to further your academic career, a Master’s degree might be the first step. But for those aiming for a career as university professors or to lead their own research group, pursuing a doctoral program to get a higher degree could be the better option.

Choosing the right degree program requires understanding the main difference of Master’s vs PhD.

WHAT IS THE DIFFERENCE BETWEEN A MASTER’S AND PHD?

The most important difference between Masters and phd programs is the focus and the duration.

A Master’s degree is designed as an advanced study in a specific field following a bachelor’s degree. It typically involves structured coursework, sometimes combined with research, resulting in a thesis or project.

A PhD, commonly known as a doctorate, is a research-focused degree regarded as the highest academic degree in higher education. This doctorate degree usually requires a dissertation based on original research.

This table that summarizes the key differences when considering Master’s vs PhD degrees:

HOW LONG DOES IT TAKE TO COMPLETE A MASTER’S OR A DOCTORATE?

A Master’s program typically takes one to three years to complete, depending on the type of degree and the field of study. On the other hand,  a PhD program can take anywhere from four to eight years , with the exact duration varying based on goals of the PhD candidates, the subject, the doctoral program’s requirements, and the time taken to complete the PhD dissertation.

IS A MASTER’S DEGREE A PREREQUISITE FOR A PHD OR DOCTORAL DEGREE?

In the United States, a Master’s degree is *not* required for a PhD. In contrast, in most European countries, a Master’s degree is a requirement for a PhD.

In the US , many PhD programs accept applicants with only a Bachelor’s degree. This is because PhD programs in the US typically include a Master’s component in the first few years. Students take coursework, complete research rotations, and pass qualifying exams before advancing to the dissertation phase.

In Europe , PhD programs are typically shorter, lasting 3-4 years. As a result, students are expected to have a stronger foundation in research before starting their doctoral studies. A Master’s degree allows students to develop their research skills, learn about their field of interest, and explore different research topics.

Here is a table that summarizes the key differences between PhD requirements in the US and Europe:

However, there are some exceptions to the general rule that a Master’s degree is required for a PhD in Europe. For example, in some countries, students with a four-year Bachelor’s degree may be able to apply directly to a PhD program. Additionally, some European universities offer joint Master’s-PhD programs that allow students to earn both degrees in a shorter period. However, these are structured to streamline the educational process and are often very competitive.

IS A SEPARATE MASTER’S DEGREE WORTH THE EFFORT?

In the US, a Master’s is not a prerequisite for a PhD because PhD programs typically include a Master’s component in the first few years.  Thus, a  separate  Master’s degree is probably not necessary in the US.  Most common Master’s degrees cater to professional fields, and a typical Master’s degree program is often designed to be a terminal degree.

In contrast, in most European countries, the discussion about a  separate  Master’s degree does not make sense because a Master’s program is required to reach the qualification for the PhD level.

WHAT’S THE FOCUS OF MASTER’S VS PHD: COURSEWORK VS RESEARCH?

A Master’s degree involves structured coursework which allows students to deepen their understanding of a particular subject . Some Master’s programs may also have a research component leading to a thesis.

In contrast, a PhD is primarily research-focused . While there might be some coursework in the initial years of study, the main focus is on independent research, leading to the creation of new knowledge.

Graduate programs in related fields like social work or clinical psychology may offer  specialized Master’s degrees , such as the Master of Social Work (MSW) or Master of Arts in Clinical Psychology, designed to build academic and professional skills.

If you’re wondering whether to take the next step towards a Master of Business Administration (MBA) or a Juris Doctor (JD), which are considered  professional degrees rather than research degrees , assess the degree level that aligns with your professional goals.

For graduate students who have set their sights on becoming doctoral students, PhD programs offer a deep dive into postgraduate study. However, degree requirements for graduate school can be pretty rigorous, especially for a specialized Ph.D. program.

The life of a PhD student is marked by hard work and a deep commitment to contributing original knowledge to their field. Typically, Ph.D. candidates spend their academic year fully immersed in research projects, including anything from scientific research in clinical psychology to molecular biology.

ADVANTAGES OF A RESEARCH MASTER’S DEGREE

Opting for a research Master’s degree, such as a Master of Science, allows for a combination of coursework and a research project, often culminating in a thesis.

This path can provide rigorous training programs in research methodology and data analysis, valuable for those considering eventual doctoral degree pursuits.

Additionally, for those questioning if a doctoral degree is a good investment of time and resources, a Master’s program may be a sensible interim step to gain further work experience and professional development.

IS A PHD THE HIGHEST ACADEMIC DEGREE?

Yes, a PhD (Doctor of Philosophy) is often regarded as the highest academic degree in many fields.

However, it is helpful to note that  a PhD is not universally the highest degree in all fields . For example, in professional fields like law and medicine, the  Juris Doctor (JD)  and the  Doctor of Medicine (MD)  are terminal degrees for professional practice but differ from a PhD.

Additionally, other degrees represent the highest level of professional achievement in their respective fields, such as the  Doctor of Education (EdD), Doctor of Business Administration (DBA),  or  Doctor of Engineering (EngD) .

In some cases, there are also specialized degrees that go beyond the PhD in certain fields. For example, the  Doctor of Science (ScD)  or  Doctor of Letters (DLitt)  may be considered higher or at least on par with the PhD, depending on the institution and country. These are often awarded for a substantial body of academic research and publication.

CAREER PROSPECTS AFTER A MASTER’S VS PHD DEGREE

It is important to consider how each degree can also shape your career in science. A Master’s degree can open up opportunities for higher salaries and specialized job roles that might require a deep understanding of a particular area. You also start earning earlier compared to a PhD candidate. For example, with a Master of Public Health, you might immediately enter the workforce in your specific domain.

A PhD prepares individuals better for a research career in academia or industry. However, many PhD graduates also pursue roles in consultancy or policy-making. Someone with a PhD entering a different field may find that their degree gives them an edge in research and analytical skills.

It is crucial to assess the career and salary outcomes of the respective degrees to determine which is the most suitable for you.

WILL A PHD HELP ME EARN A HIGHER SALARY?

Generally, individuals with a PhD tend to earn higher salaries than those with just a Master’s degree. The advanced knowledge, specialized skills, and research experience gained during a PhD program make individuals more valuable in the job market, leading to better job prospects and higher earning potential.

WHICH GRADUATE DEGREE PROGRAM IS MORE EXPENSIVE? MASTER’S VS PHD?

The cost of pursuing either a doctorate or a Masters degree is a significant factor. While a Master’s degree can also be costly, PhD programs often come with more opportunities for financial aid such as fellowships or teaching assistantships, which can significantly reduce your total cost.

Prospective students must research and compare the salary outcomes and potential debt of Master’s and doctorate degrees.

When considering graduate programs, financial aid is a significant factor. While the costs of a Master’s program can vary, many students take out student loans.

The cost of a Master’s degree can be offset by working as a research assistant, which helps financially and enhances practical skills and subject knowledge essential for a successful professional career in science. Similarly, doctoral programs often offer substantial financial support, such as stipends.

The availability and extent of financial support can greatly vary depending on the field of study, institution, and country. Not all doctoral programs offer substantial financial support, and some students may still need to rely on loans or personal funding. However, there are many  free or fully funded PhD programs .

The cost of tuition varies widely between institutions and countries. The duration of the programs can also affect the overall cost. Typically, a Master’s program is shorter in duration than a PhD, which might imply that even if the annual costs are higher for a Master’s, the total cost could be less due to the shorter time frame.

Finally, you must consider the indirect costs of graduate education, such as living expenses, which can vary widely and impact the  overall costs and duration of pursuing a graduate degree.

SCOPE AND DEPTH: MASTERS DEGREE THESIS VS PHD DISSERTATION

While both a thesis (usually associated with a Masters degree) and a dissertation (associated with a PhD) involve research, the depth and scope differ. A Master’s thesis focuses on a particular topic, offering a new perspective or a deeper understanding. In contrast, a PhD dissertation involves extensive research to create new knowledge or theory in the chosen field.

IS A CAREER IN ACADEMIA THE ONLY PATH FOR PHD GRADUATES?

No. While many with a PhD degree pursue roles in academia, others venture into the corporate world, non-profit sectors, and governmental roles. Industries that require specialized knowledge or research skills often value PhD graduates.

It’s worth noting that some sectors that do not require a PhD may find the expertise of someone with a doctorate advantageous.

FACTORS TO CONSIDER BEFORE APPLYING FOR A MASTER’S DEGREE OR A PHD

When deciding between a Master’s vs PhD, consider the following:

Your scientific career goals : Do you see yourself in academia or research?

Duration of study : Are you ready to commit several years to a doctorate?

Financial aspects : Can you support the cost of tuition or are there scholarships available?

Passion for research : A PhD will require intense, focused research. 

• Master’s degrees are typically coursework-focused with some research, while PhDs emphasize extensive research.
• PhDs generally take longer to complete than Master’s degrees.
• Career opportunities vary, with PhDs preparing individuals mainly for roles in academia and research, though other industries also value doctorate holders.
• Financial considerations are vital, with PhD programs often providing more financial support than Master’s programs.
• A passion for research and commitment to the subject are crucial for those considering a PhD.

Deciding whether to complete a PhD or Master’s degree varies greatly depending on personal career goals and academic interests. For a lot of people, graduate studies at the Master’s level provide sufficient qualifications for their intended career paths. However, if you aim to immerse yourself in academia or high-level research, a PhD is likely the better choice.

FREQUENTLY ASKED QUESTIONS (FAQ)

Which degree is right for me, a master’s or a phd.

Choosing between a Master’s degree and a PhD depends on your scientific career goals and personal aspirations. When considering an advanced degree, it’s essential to contemplate the significant differences between a Master’s degree and a PhD.

A Master’s program typically offers a structured path, often leading to a thesis-driven Master’s degree, which may be the best fit for students seeking to enhance their skills in a specialized area without the commitment to the long haul of a PhD study.

A PhD may be a better fit if you are interested in pursuing a research-oriented career or becoming a subject matter expert in a specific field. However, if you want to gain specialized knowledge and skills in a particular profession or industry, a Master’s degree could be the best choice.

WHAT ARE THE BENEFITS OF GETTING A PHD VS MASTER’S?

Earning a PhD offers several advantages. It allows you to  become an expert in a particular area of study  and opens up opportunities for advanced research and teaching positions. A PhD also enhances your critical thinking, problem-solving, and analytical skills. Additionally, individuals with a PhD generally earn higher salaries than those with a Master’s degree.

HOW LONG DOES IT TAKE TO COMPLETE A MASTER’S VS PHD?

The duration of a Master’s or PhD program varies depending on the field of study, research topic, and individual circumstances. On average, it takes around 1-3 years to complete a Master’s, while it takes around 4-7 years to complete a PhD, including the time spent on coursework, research, and dissertation writing. Several key factors  influence the duration of a doctorate .

CAN I APPLY FOR A PHD PROGRAM WITH JUST A BACHELOR’S DEGREE?

Typically, most European PhD programs require applicants to have a Master’s degree or its equivalent, while US universities accept candidates with only a bachelor’s degree because their PhD programs contain a Master’s component.

CAN I SWITCH FROM A MASTER’S PROGRAM TO A PHD PROGRAM?

Yes, it is possible to transition from a Master’s program to a PhD program. Many universities offer an option to apply for a PhD program after completing a Master’s degree. However, admission is competitive, and you will need to meet the additional requirements set by the PhD program, such as research experience and a strong academic record.

CAN I PURSUE A PHD IN A DIFFERENT FIELD THAN MY MASTER’S DEGREE?

Yes, pursuing a PhD in a different field is possible than your Master’s degree. However, switching fields may require additional coursework and research experience to bridge the knowledge gap. It’s essential to consider the specific requirements and expectations of the PhD program you are interested in.

WHAT IS THE DIFFERENCE BETWEEN MASTERS VS PHD PROJECTS?

In a Master’s program, the final project usually focuses on applying the knowledge gained during the program and demonstrating Mastery of the subject. In a PhD program, the emphasis is on conducting original research that contributes to the existing body of knowledge in the field. A PhD project typically involves a more comprehensive and in-depth study.

WHAT ARE THE CAREER OPPORTUNITIES AFTER COMPLETING A PHD?

Completing a PhD opens up a wide range of scientific career opportunities. Graduates with a PhD often pursue careers in academia as professors or researchers. The path to become a professor is long, thus, reflect carefully whether it is worth it to become a professor.

PhD graduates can also work in research and development roles in industries, government agencies, non-profit organizations, and consulting firms. Additionally, a PhD can lead to leadership positions in various sectors and provide opportunities for entrepreneurship.

ACKNOWLEDGMENTS

I have used AI systems, including Grammarly, Google Bard, and ChatGPT, to enhance the English and comprehensiveness of this article. This post may contain affiliate links, meaning I get a small commission if you decide to purchase through my link. Thus, you support smartsciencecareer at no cost to you!

RECOMMENDED READING

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• Is being a professor worth it?
• Should I choose a big or a small university?
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Sven Hendrix is a Professor of Neuroanatomy at Medical School Hamburg (MSH) in Germany. He leads a research group dedicated to the neuroimmunology of brain repair and the development of xenofree organoid models as alternatives to animal experiments. Additionally, he serves as the speaker for CENE, a center focused on academic career development across MSH, Medical School Berlin (MSB), and the Health and Medical University (HMU) in Potsdam and Erfurt, Germany.

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Master’s vs PhD/Doctorate Degrees – Key Differences

So, you are done with your bachelor’s degree but not with studying–according to the U.S. Bureau of Labor Statistics , this seems like a good idea. In its projections for the years 2019–2029, it lists 36 occupations that typically require a master’s degree and 63 requiring a doctoral or professional degree. The Bureau of Labor Statistics data also shows that the wages for these occupations are higher than the median for all occupations. 

Now you might wonder: What is the difference between master’s and PhD degrees and which one should I get? Read on for all the information you need to make this important decision!

Difference Between Masters and PhD: An Overview

A master’s degree is designed to teach you the knowledge and skills that you will need in your future profession. A PhD or doctorate degree, on the other hand, is designed to develop your critical thinking as well as your analytical and writing skills and is usually a years-long commitment to independent research on a specific subject. The purpose of a PhD is to prepare you for a career in academic research—although it can also help you get into a variety of other professions, and at a higher entry/salary level. In the US, a master’s degree is integrated into a PhD program, as a necessary preparation period involving mostly coursework, while in most other countries, a separate master’s degree is required to enter a PhD program.

If you want to stand out, you should definitely opt for a PhD degree: According to the United States Census Bureau , 24 million people in the US had master’s or professional degrees in 2019, whereas only 4.5 million had PhDs/doctorates. But is it worth the extra effort? And what exactly would the extra effort be? Have a look at the table below to get an idea about the key differences between master’s and PhDs.

Master’s vs PhD

Master’s or doctorate: which should you choose, how long does a master’s vs doctorate take to complete.

While the length of time it will take you to complete a PhD or master’s degree varies significantly between institutions and countries, we will focus on the US system here. Obviously, PhDs take much longer, because they are in fact a combination of both degrees and involve a long period of independent research that can get even longer than expected, depending on your topic, the available equipment or support, and a lot of other factors.

How long to complete a master’s degree

In the US, a full-time master’s degree takes students generally 2 years to complete, while part-time degrees are usually double the time.

How long to complete a PhD/doctorate

Since US PhD programs only require a completed bachelor’s degree, they start with an integrated master’s of 2 years of coursework, followed by 3–4 years of independent research into a specific topic. That usually includes publishing results, presenting at conferences, and preparing the final dissertation. Note that stipends/funding do not always cover the entire time it can take you to complete your PhD project—make sure you are aware of alternative options and additional funding at your institution or have at least thought about a backup plan before you start.

Master’s Degree Cost vs. a PhD Cost

Most people assume that PhDs are more expensive because they take many more years to complete. However, since PhD students usually receive scholarships or stipends, sometimes just for their commitment to full-time research and sometimes in exchange for teaching, the direct costs for a dissertation can be lower than those for a master’s degree. 

Additionally, while you are very likely to earn more with both degrees, the additional years of studying for a PhD should be factored into any estimation of costs vs outcomes.

Cost of a master’s degree

Master’s degrees at US universities can cost anything from $30,000 to $120,000, with tuition depending on the type of institution (public, private nonprofit, or for-profit). University rankings and general reputation also affect tuition costs. 

Whether an expensive degree (e.g., MBAs are often notoriously expensive) is worth the money for you personally depends on what kind of salary you think you can expect after graduating from that specific school. The universities you consider applying to should be able to provide you with data on the career and salary outcomes of their students, either on their website or if you contact them and ask for these details.

You can of course try to get a stipend and/or apply for a teaching or research assistant position at your school, depending on your undergraduate degree and experience. Moreover, many institutions offer the possibility to complete a master’s degree part-time, while working, which allows students to fund themselves.

You might also be eligible to transfer credits toward your degree if you have a professional certification or have earned graduate-level course credit—which can significantly reduce your total cost for both degrees.

Cost of a PhD/dissertation

PhDs, unlike master’s degrees, are usually funded, which means that tuition fees are waived and stipends or scholarships take care of living costs. Phd students are, however, often expected to take on teaching or research responsibilities in exchange for their funding. 

There are a variety of scholarships you can apply for if you want to pursue a PhD in the US as an international student—US-based ones like the Fulbright Foreign Student Program or the HHMI International Student Research Scholarships , but there are probably also funding opportunities in your home country for students who want to embark on a PhD abroad.

Pursuing a PhD degree part-time might sometimes be possible, but since students are expected to invest a full workweek into their research and potential teaching responsibilities, this is usually not realistic.

To estimate the overall cost of a doctoral program, the extra years that you could be working a full-time job with a regular salary also need to be factored into the equation—and take into account that projects may end up taking longer than expected, due to difficulties in collecting data, supervisors dropping out or moving on, or unforeseeable crises such as the COVID-19 epidemic.

Career Prospects for a Master’s vs PhD

While both a master’s and a PhD degree will qualify you for a variety of occupations that require higher degrees, they can also get you a higher salary in a profession that is also open to employees with a lower education level. PhD holders can in theory expect the highest wages, but since the two degrees prepare you for very different careers, that alone shouldn’t be what you base your decision on.

Master’s degree jobs and positions

Master’s degrees are overall more versatile than PhDs when it comes to employment opportunities and cover a wide range of fields and professions. The most common master’s degrees are the Master’s of Arts (MA) and the Master’s of Science (MS). 

Master’s programs can generally be divided into three different types:

Research master’s degrees, such as an MA in Comparative Literature or an MS in Biology, prepare students for academic and non-academic research disciplines and usually end with a thesis based on an original piece of research. In some fields, however, you are expected to enter a Ph.D. program after completing your master’s to be competitive when it comes to finding a job later.

Professional master’s degrees teach you practical skills and in-demand competencies that qualify you for a specific field and enable you to understand issues that are relevant in a certain profession. Examples include the Master of Public Health (MPH), the  Master of Business Administration (MBA), or the MA in Teaching (MAT). 

Terminal master’s degrees are the highest academic degree in fields where doctorates are not offered, and prepare students for careers outside of academia. The Master’s of Fine Arts in Creative Writing, for example, or the MS in Library Science are as high as you can go in those fields.

To give you an idea, below, we listed the 10 occupations at the master’s level that are projected to have the most openings annually from 2019 to 2029, according to the U.S. Bureau of Labor Statistics, and the highest-paying occupations for master’s degree holders without required work experience, based on projections from 2016 to 2026.

Master’s degrees, apart from helping you develop professional skills tailored to the requirements of the profession you intend to enter, can also serve as a stepping stone if you are already in employment and want to progress your career development, earn a higher salary, or change careers by learning new skills and subject knowledge.

PhD/doctorate jobs and positions

PhDs are usually intended to lead to an academic career, and many students aim to eventually become university professors. However, careers in academia are highly competitive, and there are not nearly as many professor positions as there are PhD holders. The good news is that the skills you learn during your doctoral program are often “transferable” and can be applied to other types of careers. 

Some PhD graduates end up (and enjoy) being colleague teachers, while others embark on non-academic research careers, for example at pharmaceutical companies, government agencies, consulting and technology firms, or think tanks. Job prospects vary widely across fields, with some—computer science, engineering, or economics—having very low unemployment rates, and others, for example the humanities, offering fewer and less desirable employment opportunities. Keep in mind, however, that someone with a PhD entering a different field or one that does not necessarily require a PhD may find that their degree sometimes does not help them or that they are even considered to be “overqualified” or as lacking practical skills and relevant professional experience.

Since there is no clear career path for PhD graduates, you should really take your time figuring out what field you want to work in later, what the career prospects for that field are, and if they are worth the time and effort you will have to invest to complete a PhD program. Your university should have data on the careers and salaries of their students, and should either display these details on their website or send you the relevant information if you contact them directly.

Master’s vs PhD: Application Process

The application process for master’s and PhD programs is overall very similar. In general, you will need to provide the following:

Frequently Asked Questions about Master’s vs PhD Degrees

How long does a master’s degree take vs a phd.

Full-time master’s degrees usually take 2 years to complete. Many universities offer the option to do a master’s part-time, which takes double the time. PhD programs in the US  start with an integrated master’s of 2 years of coursework (since you enter the program directly after completing your bachelor’s degree), followed by 3–4 years of independent research. 

Is a PhD harder than a master’s degree?

A PhD takes substantially longer and requires more self-motivation, organizational skills, and the willingness to carry on even when things do not go according to plan. You might also have other responsibilities, on top of your research, such as teaching or assisting your supervisor. But whether that is “harder” for you than a master’s degree that consists of mostly coursework and does not take more than 2 years depends on your interests and general working style. 

Is a master’s or doctorate better?

Master’s and doctorate degrees prepare you for different occupations and work positions, and which one is the right for you depends on what kind of career you are planning to pursue. Generally, a master’s degree is right for you if you want to deepen your career-oriented knowledge and skills for a specific profession, while a doctorate degree prepares you for a career in research, whether that is inside or outside a university.

Preparing Your Graduate School Essays

Now that you have figured out whether a master’s or PhD degree is the right choice for you, all that is left to do is to put your application together! Make sure that you focus on your chosen degree and its aim (research or a professional career) in all required documents—for example, highlight your professional and personal development in your CV for an MBA program, but the publication you got out of your bachelor’s thesis and how passionate you are about doing more research on the same topic for your application to a PhD program. 

As always, Wordvice can help with our professional Personal Statement Editing Services or Admission Editing Services , which help ensure that your application is error-free and showcases your full potential so that you get admitted to the graduate or doctoral program of your choice. For more academic resources on writing the statement of purpose for grad school or on how to request a letter of recommendation , head over to our Admissions Resources pages.

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Master’s Degree vs. PhD Degree: What Is The Difference?

There is a big difference between a Master’s degree and a Doctorate degree. Both are terminal degrees, meaning they are the highest possible degrees you can achieve in their respective field. But what exactly is the difference between these two types of degrees?

Compared to undergraduate education, both graduate degrees offer a more focused educational experience. 

Both Master’s and Doctoral degrees are in high demand. For instance, in the US, obtaining a Master’s degree can help you qualify for promotions, certain professions, and some can help you make over 100k .

But how can you tell which educational level is best for you? 

That’s why we’re here to help!

To highlight differences and assist you in deciding which degree would be most beneficial to you, we’re comparing a Master’s Degree vs. PhD Degree in this blog so you can make an informed decision.

What Is a Master’s Degree?

Compared to Doctorate degrees, Master’s degrees take less time to complete and can often help people advance in their careers or achieve a higher salary. The Master of Arts (M.A.) and Master of Science (M.S.) are the most popular Master’s degrees. There are also 2 different kinds of master’s programs. Let’s take a look at both of them to get a better understanding. 

Research Master’s Degree

Most academic and practical research fields require Master’s degrees. Earning a research Master’s degree without pursuing a Doctorate might limit your career opportunities in several professions. Speak with instructors or experts in your area to determine what is best for you and your career path.

Professional Master’s Degree

Master’s degrees introduce individuals to frameworks and practical skills to comprehend challenges in their industry, preparing them for a professional job. Some areas require people to have the appropriate master’s degree to work in the field. Master’s degrees in social work, architecture, or teaching art are a few examples. 

The highest academic degree available in certain professions is a Master’s degree. While particular Master’s degrees might be the first step toward a doctorate, others, like a Master of Fine Arts in Creative Writing or a Master of Library Science, are the highest levels of certification available in their respective fields of study.

Candidates should hold a Bachelor’s degree before pursuing a Master’s program but there are some programs that allow you to get both the master’s and bachelor’s.  Advanced-level courses and seminars are the main components of a Master’s degree, which can be completed in 1–3 years .

What Is a Doctorate Degree?

The PhD, or Doctor of Philosophy, is the most popular doctoral degree. These research Doctorates give a unique chance for a person to perform an extensive and protracted study on a particular issue, which frequently results in publication. They also equip students to contribute to the body of knowledge in the field. 

Many PhD. holders go into academia and research but can also work in the public, corporate, and nonprofit sectors.

Candidates must hold a Bachelor’s degree and, in certain situations, a Master’s before pursuing a doctorate, depending on the program. PhD programs often have fewer students than Master’s programs due to the nature of the specialization.

PhD candidates first take courses, and qualifying exams are sometimes required before continuing on. dissertation. Following that, they enroll in advanced seminars and finish their requirements by doing research for, writing, and presenting a dissertation. One of the main requirements for receiving a PhD is completing a dissertation, which is a Doctoral-level thesis detailing the candidate’s original research. 

Depending on the program, whether the applicant has already earned a Master’s degree (or is coming straight from undergraduate school), and how long it takes to complete the dissertation, earning a doctorate could take 3 to 8 years .

Key Differences Between a Master’s and Doctorate Degree

A Master’s degree and Doctorate degree but also in price, credit, skillset, and employment possibilities. Let’s examine these variations in more depth.

A PhD typically costs more since it takes longer to finish. However, on the plus side, a PhD could result in a better-starting income after completion. Therefore, it can be worth the higher price in the long run.

Regardless of the graduate degree you choose, there will be costs involved, including tuition, fees, books, and others. Additionally, you may lose income if you cannot work in your current job or can only find low-paying assistantships or part-time jobs. 

Finally, there is always the possibility of getting student loans that have a low interest, and many doctoral programs offer assistantships or fellowships that can cover tuition plus pay a stipend.

The cost of graduate degrees varies depending on the school, which is another thing to consider. So, before choosing a school, be sure to think about how much it will cost.

Master’s degrees concentrate on developing critical thinking and problem-solving abilities while emphasizing expert mastery of industry-specific skills. 

On the other hand, doctorate degrees are almost the opposite; they strongly emphasize research, analysis, and writing to assist the development of transferable abilities one may utilize to address gaps in industry expertise.

Career prospects

For many who pursue master’s and doctoral degrees, career progression is a top priority. Master’s degrees are regarded as career-focused degrees that prepare you for roles in management and leadership. 

As a result, Doctorate degrees are increasingly required for top executive positions and prospects to move into academia.

Earning a Master’s or a Doctorate degree significantly raises your lifetime earning potential and income expectations.

But which is more valuable?

According to the US Census Bureau , a Master’s degree may increase your income by 17% compared to a Bachelor’s degree, and a doctorate can increase your revenue by 30% compared to a Bachelor’s degree. 

A Master’s degree holder may expect to make over $2.8 million in their lifetime, while a Doctorate holder can expect to make over $3.5 million , according to the U.S. Census Bureau .

Which Option Is the Best for You?

Considering your professional field and educational objectives will help you decide whether to pursue a Master’s or a Ph.D. You may learn more about your profession’s needs by conducting your study, talking to colleagues, and networking. 

In addition, you can explore graduate school choices by getting in touch with a mentor in the area or alums from your selected program. 

Speaking with graduate school admissions representatives can also provide more information about the many graduate programs offered.

A Master’s degree and a Doctorate are significant turning points in one’s career. The difference is between your current situation and your chosen path. If you want to plan your career ahead of time, compare a Master’s degree vs. PhD degree and decide which one is best for you. 

For instance, if you are interested in professional education, a Master’s degree is likely your best bet. But, if you are inclined towards academia, a PhD will serve you better. So think about it and select the degree best suited to your career!

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Articles & Advice > Graduate School > Articles

Master's or PhD: Which One Should You Choose?

You know you want an advanced degree, but just how advanced? Keep reading to discover the key differences between master's and doctoral degrees.

by GradSchools.com Graduate School Directory

Last Updated: Dec 18, 2023

Originally Posted: Jun 20, 2011

Just as there are many reasons people choose to go to graduate school, there are many options from which they may choose. Do you want to attend full-time? Maybe you want to go part-time and work. Or perhaps an online program option will work best for you. But before you can decide on the format type of your program, you need to decide on your program. If you’ve selected a field of study, you may be wondering whether you should get a master's degree or a doctoral degree. Here are some things to consider to help you choose which one is best for you.

3 key differences between programs

Before you can properly weigh the pros and cons of a master’s degree vs. a doctoral program, you must understand the major differences between the two programs. And although that may sound like pros and cons in itself, a pros and cons list is based mainly on your personal preference. So before figuring out preference, you must consider the facts, and these are it.

A graduate degree requires a significant investment of time. Master's degrees require less time than doctoral degrees. Typically a full-time student can acquire a master's degree in about two years. A PhD usually requires at least five to six years and many people take seven to nine years.

The adage "time = money" was never so true as with graduate school. Since a PhD takes longer to complete, it also requires more money. (Not that a master's degree is cheap either!) The flip side to this is that a PhD may yield a higher salary upon completion and is therefore worth the increased cost long term. With both degrees, school costs money (tuition, fees, books, etc.). In addition, however, there is also a significant loss of money if the student is not working or is earning low wages through assistantships or part-time employment. Many people find they must either live a Spartan lifestyle for many years or find themselves strapped with huge loans when they graduate .

Graduate school takes work. Most people are not going to argue with this. However, many students who drifted through college are surprised to find that graduate school requires a much larger commitment in terms of work and intellectual energy. Graduate schools are frequently very competitive. Students who are taking a full course load as well as teaching often find themselves overwhelmed. And of course, the many years of school required for a PhD require perseverance on a scale above and beyond what undergraduates must contemplate. The difference between college and graduate school lies in the ability of the student to focus on their field and the subjects and areas that most interest them. While graduate school requires more work, most students find the work enjoyable since it involves an area in which they are very interested.

Related: Great Expectations: How Grad School Differs From Undergrad

The what ifs of choosing a master's or PhD

So we know that graduate school requires time, money, and commitment for both a master's and a PhD. So which should you choose?

• If all you want is a raise, a PhD is probably not the road to choose. A master’s degree will boost your career possibilities enough for the kind of raise you want.
• If you love learning in and of itself , then the work required for a PhD may be worthwhile. Master's degrees tend to be more career oriented while PhD's tend to be more research oriented since they’re preparing people for highly academic, research-based careers.
• If you want to save time and progress your career, a master's degree has benefits in that it requires less time and money than a doctoral degree but will still set you apart from those who only have a bachelor's. A master's can allow specialization within a field. The degree works well for those who’ve been working in a career for some time and hope to advance within their field.
• If you’re looking for a new path in life, a master's degree can also be an excellent method of changing careers. For those who’ve found their career or undergraduate education aren’t leading them in the direction they would like to go, a master's degree can allow them to start fresh by gaining new knowledge and skills.
• If you want to become a professor, a PhD is practically mandatory. Even for those few who can find teaching positions with only a master's, most schools want to see progress toward a PhD.
• If you really want to impress, a PhD can also be helpful outside the world of academia in today's increasingly competitive job market. Businesses are searching for extremely qualified people who have demonstrated intelligence, perseverance, and the ability to learn. A PhD can open doors.
• If you want to impact the world with original work, PhD work requires original research that contributes new information to your chosen field of study. People interested in pursuing a PhD should love their studies and be excited by the prospect of meaningful contribution.

Related:  Choosing the Right Graduate Degree for Your Goals

Making your decision

To summarize, a PhD may be worth it if you truly love your field, enjoy your studies, and want the benefits and prestige associated with the doctoral degree. If you are simply looking to change fields or gain a promotion or do not think you could maintain interest through at least five to six years of school, then a master's is probably a better choice. However, it is worth noting that you may be able to get more financial aid for a PhD Since it takes longer, schools recognize that those trying to acquire their PhD's need more assistance than those who only want a master's degree. This adds an interesting dimension to the application process for two reasons.

First, if you think you may want a PhD but still are not sure, it is probably better to apply to the doctoral program. There is no penalty for changing your mind later and deciding to leave with a master's degree, and it increases your chances of getting financial aid. The second consideration is that the PhD program can be more competitive, and applying to it rather than the master's degree program might decrease your chances of admission. If you are denied entrance to the PhD program, you could ask them to then consider you for the master's degree program, but that may not be allowed.

Related:  7 Important Things to Do Before Applying to Graduate School

We’re glad you came seeking advice on which advanced degree program is right for you. It’s a big decision to make that you shouldn’t take lightly, and seeking the right knowledge to make an informed decision is only going to benefit you. Use this advice, take some time to think it over, and go forward knowing you’re making the best decision for your future goals and career.

Once you’ve made your decision on applying to a master’s or PhD program, start searching for just the right one with our Graduate School Search tool .   

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What Comes After a Master's Degree?

Know Your Graduate School Options Beyond a Master's

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After receiving your master's degree, there are still more options to study in graduate school, including an additional master's degree, doctorate programs (Ph.D., Ed.D., and others) and certificate programs to consider. These degree and certificate programs all vary in level, time to complete, and more.

Additional Master's Degrees

If you have already earned a master's degree and wish to continue your studies, you might consider a second master's degree. Since master's degrees tend to be specialized degrees, as you grow within your career you may find that a new specialty is required or that two specialties will make you an even more desirable candidate when job hunting. In education, for example, many teachers earn a Master's of Arts in Teaching degree but may return to the classroom to study for a degree in the field in which they are teaching, such as English or mathematics. They may also wish to pursue a degree in organizational leadership, especially if they are looking to grow into an administrative role in the school.

Master's degrees generally take two, sometimes three, years to complete (after earning a bachelor's degree), but pursuing a second degree in a similar discipline might allow you to carry over some credits and complete the program sooner. There are also some accelerated master's programs that can earn you a degree in less than a year; just be prepared for a lot of hard work. All master's programs entail coursework and exams , and, depending on the field, possibly an internship or other applied experience (for example, in some fields of psychology ). Whether a thesis is required to obtain a master's degree depends on the program. Some programs require a written thesis; others offer an option between a thesis and a comprehensive exam . Some programs provide capstone courses, which are usually semester-long courses that provide a comprehensive overview of everything learned within the program and ask students to complete several small thesis statements to demonstrate mastery.

A meaningful way in which master's programs differ from many, but not all, doctoral programs is in the level of financial aid available to students. Most programs do not offer as much assistance to master's students as they do for doctoral students, and so students often pay most if not all of their tuition. Many top institutions even offer full scholarships for doctoral students, but a doctoral program is usually a much more comprehensive and time-consuming educational program, requiring a full-time commitment, versus the possibility of working your full-time job while going for a master's degree.

The value of the master's degree varies by field. In some areas such as business, a master's is the unstated norm and necessary for advancement. Other fields do not require advanced degrees for career advancement. In some cases, a master's degree may hold advantages over a doctoral degree. For example, a master's degree in social work (MSW) may be more cost-effective than a doctoral degree, given the time and funds required to earn the degree and the pay differential. The admission offices at the schools you're applying to can often help you determine which program is best for you.

Ph.D. and Other Doctoral Degrees

A doctoral degree is a more advanced degree and takes more time (often a great deal more time). Depending on the program, a Ph.D. could take four to eight years to complete. Typically, a Ph.D. in North American programs entails two to three years of coursework and a dissertation — an independent research project designed to uncover new knowledge in your field that must be of publishable quality. A dissertation can take a year or more to complete, with most averaging about 18 months. Some fields, like applied psychology, may also require an internship of one year or more.

Most doctorate programs offer various forms of financial aid , from assistantships to scholarships to loans. The availability and types of support vary by discipline (e.g., those in which faculty conduct research sponsored by large grants are more likely to hire students in exchange for tuition) and by the institution. Students in some doctoral programs also earn master's degrees along the way.

Certificate Programs

Certificates can usually be earned in less than a year and are often significantly less expensive than going after additional degrees. If you're wondering what should come after your master's degree and you're not sure if a doctoral program is right for you, this could be the way to go. Certificates range in scope greatly and can allow you to hyperfocus on the areas in which you wish to excel. Some schools even offer certificate programs that are of a masters degree caliber, so you can walk away better prepared for your career and without breaking the bank. Employers who offer tuition assistance may look favorably on a less expensive certificate program as well.

Which Is the Best?

There is no easy answer. It depends on your interests, field, motivation, and career goals. Read more about your field and consult faculty advisers to learn more about which option best fits your career goals. Some final considerations are as follows:

• What types of jobs do a master's degree, doctoral degree, and certificate holders have? Do they differ? How?
• How much will each degree cost? How much will you earn after obtaining each degree? Is the outcome worth the cost? What can you afford?
• How much time do you have to invest in additional schooling?
• Are you interested enough to pursue many years of schooling?
• Will earning a doctoral degree offer a substantial benefit in your employment and advancement opportunities?

Only you know which is the right degree for you. Take your time and ask questions, then carefully weigh what you learn about each, its opportunities, as well as your own needs, interests, and competencies. What comes after a master's degree is up to you.

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Is a PhD Higher Than a Master’s Degree?

Reviewed by David Krug David Krug is a seasoned expert with 20 years in educational technology (EdTech). His career spans the pivotal years of technology integration in education, where he has played a key role in advancing student-centric learning solutions. David's expertise lies in marrying technological innovation with pedagogical effectiveness, making him a valuable asset in transforming educational experiences. As an advisor for enrollment startups, David provides strategic guidance, helping these companies navigate the complexities of the education sector. His insights are crucial in developing impactful and sustainable enrollment strategies.

Updated: March 20, 2024 , Reading time: 6 minutes

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As students go through their educational journey, it’s important to know the differences between a master’s and a PhD. Is a PhD higher than a master’s degree? We’ve looked into it and found out the answer. Let’s talk about the differences between PhDs and master’s degrees and figure out which one might be right for you.

Is a PhD Higher Than a Master’s Degree?

The hierarchy between a PhD and a master’s degree isn’t simply about one being “higher” than the other. Each serves different purposes and holds its own value depending on career goals and aspirations.

A master’s takes one to two years and allows you to learn more or try a new field through courses and projects. It’s perfect for job advancement and doctoral preparation. 

However, a PhD involves original research. You’ll spend three to six years on a unique problem to advance your field. PhD degrees focus on research and knowledge generation, while Master’s degrees apply knowledge through courses and projects. 

PhD programs use multivariate research more and are more generalizable than masters’ degrees. 

Educational Pathways Beyond a Bachelor’s

The journey from a Bachelor’s degree to a PhD can vary widely. Direct PhD programs allow students to embark on their doctoral studies immediately after completing their undergraduate degree. This path is ideal for students with a clear research focus and the motivation to explore deep into their chosen field without a Master’s degree.

Universities offering direct PhDs seek candidates with excellent academic records, substantial research experience, and a passion for discovery and innovation.

The traditional route involves completing a master’s degree before progressing to a PhD. This pathway allows students to gain further knowledge and research skills, often helping refine their academic interests before deciding on a PhD research topic.

Comparative Analysis of Ph.D. and Master’s Degrees

When comparing master’s and PhD degrees, consider the academic intensity, career trajectories, and personal investment required. Master’s programs often focus on advanced learning and skill development in a specific field, enhancing career prospects and earning potential. 

In contrast, a PhD is characterized by its emphasis on original research, contributing new knowledge to a discipline. 

Here’s a chart for your understanding:

The Academic Journey to a PhD

Transitioning from a master’s degree to a PhD marks a significant academic commitment. The journey commences with identifying a research gap, followed by developing a study to address this void.

This approach requires a deep understanding of research methods, theoretical frameworks, and literature reviews beyond master’s work. In addition to courses, the commitment includes comprehensive exams, research proposal defense, and original research project. 

Here’s a closer look at the stages of this academic path:

• Identifying Research Gap: The process begins with pinpointing a specific problem that has not yet been adequately addressed.
• Deep Dive into Methodologies: A thorough understanding of various research methods is important, going beyond what is typically required at the Master’s level.
• Comprehensive Literature Review: Involves an exhaustive examination of existing scholarly work related to the research topic.
• Exams and Defenses: Candidates must successfully navigate comprehensive exams and defend their research proposals.
• The Dissertation: Represents a significant contribution of new knowledge to the field through original research.

Funding and Financial Considerations

Funding models for master’s and PhD programs often vary, reflecting the different commitments each degree requires. Master’s programs might offer scholarships based on academic merit or need, however; funding is generally more limited compared to PhD programs. 

PhD programs often provide more substantial funding opportunities, including teaching and research assistantships that cover tuition and living expenses, compared to master’s programs. This support reflects the longer duration and research focus of doctoral studies . 

Here’s a chart to give you an overview:

Demystifying PhD and Master’s Degrees: Facts vs. Myths

When choosing between a master’s and a PhD, it’s important to navigate through common myths that often cloud decision-making. This section aims to debunk these myths, offering clarity and insight.

• Myth 1 – A PhD is just an extension of a master’s: In reality, a PhD goes beyond deepening knowledge, as it involves performing new research that contributes to a field.
• Myth 2 – PhD graduates are overqualified for industry roles: While academia is a common path, many industries value the depth of expertise and research skills PhD holders bring, especially in sectors like technology , pharmaceuticals, and engineering.
• Myth 3 – Master’s degrees are only for those who can’t commit to a PhD: Choosing a master’s is a strategic decision based on career goals, industry requirements, or the desire for specialized knowledge without the need for extensive research.

Frequently Asked Questions

Can i pursue a phd in a field different from my master’s degree specialization.

Yes, transitioning to a PhD in a different field from your master’s is possible. However, may require additional coursework or prerequisites to bridge knowledge gaps. This flexibility allows individuals to tailor their educational paths to evolving interests or career goals, leveraging interdisciplinary approaches.

What Are the Employment Rates for PhD vs. Master’s Degree Holders, and in Which Sectors?

Employment rates vary; PhD holders often find roles in academia, research, and specialized industry positions, while master’s graduates see broader opportunities across various sectors. The depth of research and expertise PhD programs provide is highly valued in sectors requiring specialized knowledge, whereas master’s degrees offer versatile skills applicable in a wider range of professional settings.

How Significant Is the Research Experience for Admission Into a Direct PhD Program?

Significant, strong research experience can be a critical factor in securing admission to direct PhD programs, showcasing a candidate’s potential for scholarly contribution. Direct PhD programs look for evidence of a student’s ability to undertake in-depth research, making prior research experience a key indicator of success in these rigorous academic paths.

In exploring the hierarchy of postgraduate education, it’s clear that a PhD is above a master’s degree in terms of academic level, research depth, and specialization. While a master’s degree provides advanced knowledge and specialization within a field, a PhD examines original research, contributing novel insights and theories. 

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Masters vs PhD: Which is Right For You?

PhD or Masters? It’s a tricky choice to make! There’s no one simple answer as both can be great choices and there are several angles to consider. In this post we’ll look at the differences between the two and compare various factors to consider when deciding between a Masters vs PhD.

Note – This post was a reader request. If you’d like me to cover any particular topics let me know here .

Key Differences Between a Masters and a PhD

Before we delve into the details of what factors to consider in your decision, here is a brief summary of the main differences between Masters and PhD programmes:

• Typically 1 year long (in the UK)
• You’re part of a cohort with course mates studying the same things as you
• There are different types of Masters: MRes, MSc, MEng etc. Sometimes they’re fully “taught” (i.e. all lectures and exams). Other times they’re “research” (lectures and a research project) or a mixture of both. Look at the syllabus of Masters courses you’re considering for details
• They cost money – unless you manage to secure a scholarship
• 3-4 years long in the UK (and longer elsewhere)
• Always involve a significant research component: that’s all they are!
• Typically you’re not part of a cohort, the exception are CDTs (details here )
• Although PhDs cost money, it is not normal for STEM PhD students to personally pay for a PhD. Usually you’ll get funding which covers the fees plus pays a nice tax-free stipend. See my whole analysis of how PhD stipends compare to grad salaries

Factors to consider when deciding between a Masters and a PhD

Now let’s dive into some specific comparisons of a Masters vs PhD:

• Financial cost
• Potential salary boost
• Opportunity gain
• Opportunity cost

Masters vs PhD Cost

How much does a masters degree cost in the uk.

For Masters courses in the UK there are typically both tuition fees and bench fees. Bench fees are for covering costs involved with practicals and research experiments, including consumables and training.

In the UK, if you’re a home student you’ll often pay upwards of £11,500 for tuition fees. Overseas students may get charged £21,800 or higher. Bench fees can vary a lot, typically they may be around £5000.

The course page will usually list the cost of the Masters pretty clearly, see this example from Bristol:

In addition you will have living costs on top of these fees. You’ll therefore have to budget for all of this ahead of starting the Masters unless you’re planning to work while studying. If so, here are some ideas I put together for ways to make money as a student .

There are sometimes bursaries and scholarships available for Masters students so do look at your options. The university website should list the main funding options available to you. However in my experience the majority of Masters students tend to self-fund or take out a loan.

How much does a PhD cost in the UK

In theory a PhD would incur bench fees like a Masters. Yet unlike with Masters degrees, it is pretty rare to self-fund a PhD, at least in the sciences. Instead it is normal for prospective PhD students to try and secure funding.

Usually PhD students will only embark upon a project once funding has been secured for the duration of the project: often 3.5 years.

Typically a PhD student will secure funding both to pay for the university fees, plus a stipend to cover their living expenses. For the 2021/2022 academic year a typical annual PhD stipend is £15,609 per year outside of London, or £17,609 per year in London. To be clear: this is money you get paid for doing the PhD, not that you have to pay! On top of the stipend all other costs relating to the PhD also get covered by the funding body.

If you want to find out more about PhD funding, see my separate relevant posts here:

• How to Find PhD Funding in the UK
• PhD Student Salary in the UK: Comparing a PhD Stipend to a Grad Salary

I lived pretty comfortably on this kind of amount of money in London, so it’s certainly possible!

Masters vs PhD Potential Salary Gain

If you’re considering a Masters or PhD to help you climb the career ladder more quickly, you may be wondering how much they could each boost your salary.

Whether or not a Masters or PhD is worth it for the potential salary gain really depends on what job you’re looking to go into. Generally, yes, the more highly qualified you are the more money you may be able to earn:

If you’re looking to boost your earning potential, from these US figures someone with a Masters could expect to earn approximately 18% more than someone with just a Bachelors degree. Furthermore, someone with a PhD may be able to earn 43% more than just a Bachelors. Therefore, on average PhDs earn 21% more than people with a Masters. There are loads of caveats though and this figure isn’t really comparing a like-for-like situation.

As a rule of thumb: if you’re going into a technical job, especially one requiring specialist knowledge you pick up from your studies, then you’re more likely get rewarded for your extra degree(s). Also notice how in the above figure across all workers the unemployment rate is lowest for those with PhDs. The unemployment for those with a Masters vs a PhD is 73% higher.

For certain companies and roles the more highly qualified you are the more they’ll reward you with a higher salary. Other companies, especially ones which wouldn’t utilise the skills from your degree, won’t pay you any higher than someone with a Bachelors degree.

There may be certain professions where getting a Masters or PhD are really beneficial for boosting your salary but I’d urge caution if this is your primary motivation for earning one of these degrees. This is especially true if you consider that instead of earning an extra degree you could spend your time gaining work experience on the job.

Consider looking up different potential employers you may be interested in working for to get a sense of whether your extra qualifications could secure you a higher salary. If the company is transparent with sharing salaries for different pay grades then you may be able to find details on their website. If not I suggest looking on glassdoor .

Masters vs PhD Opportunity Gain

What opportunities open up to you by doing a Masters vs a PhD? How beneficial could either be for your career? We’ll consider categories:

Technical knowledge

• Lab experience

Independent thinking & problem solving

Student life.

The obvious benefit to doing either degree is that you’ll gain expertise and knowledge in a certain technical topic. Not only may this be interesting to you in its own right but the degree can be used to demonstrate your technical know-how for your upcoming career. Either degree could help with your career prospects and enable you to potentially expand your horizons and go and work abroad. Though this depends a lot on your field and specific situation!

There is a quite obvious tradeoff between breadth and depth of technical knowledge between a Masters vs PhD.

A Masters degree is considerably shorter than a PhD, therefore your opportunity to pick up deep technical skills across the period of the programme is likely to be lower.

However, it is worth noting that Masters courses involve lectures, whereas in the UK PhDs don’t. Therefore it may actually be the case that with the Masters you’re picking up knowledge more quickly than the PhD. This does of course depend a lot on the skills you want to learn and how you work. Plus, you can sometimes go to lectures if you want as a PhD student. I’d say this one is a draw.

Practical lab experience

If you do a Masters involving a research project you’ll likely spend at most 4-6 months of the year in the lab. With a PhD you’ll spend considerably longer!

In the first year of a PhD you can try out different things and with the following years of a PhD you’re learning things at a much deeper level than a Masters. Though again, this depends quite a bit on what you’re trying to learn and why. For a lot of purposes you may gain enough practical experience in just a Masters project.

With either degree I think you’ll have ample opportunities to pick up new skills and challenge yourself to think independently.

A Masters is usually a little more like a Bachelors degree. By this I mean, besides your research project, the course leaders will be setting pretty well defined questions which often come with relatively well defined answers. When it comes to conducting research (for either degree) you’ll of course be answering questions for the first time and usually this will require some problem solving.

Compared to a PhD project a Masters research project is much smaller in scope and well defined. Plus, you’ll typically be paired with a more senior lab member (PhD student or postdoc) which doesn’t often happen for PhD students. There are also sometimes group projects for Masters degrees which adds another useful skill to the mix.

A PhD is the ultimate test of independence and problem solving. A lot of us see this as a fun challenge but bear in mind the importance of having a supporting supervisor. I wrote a separate post about choosing a PhD project and supervisor .

Masters Networking Opportunities

One perk of a Masters degree compared to a PhD is that you’ll always have a group of course mates with you. Not only can this be reassuring and give you social opportunities, it also means that you can network with like-minded individuals who are interested in the same topic as you. It is very easy to see how this could lead to starting a company with a course mate or business relationships later in your career.

PhD Networking Opportunities

PhDs on the other hand may be more solitary. It really depends on the group and department you join. If you join a small group with very few other PhD students it could be a much less exciting, and potentially more difficult, environment to be doing research in. Plus less people to bounce ideas off of and network with.

Some departments are very good at putting on social and networking events for their PhD students. Others less so. My PhD involved working in two different departments and each took very different approaches. One department had an annual research day and several parties throughout the year specifically for their PhD students. On top of that were lecture series’ plus Christmas and Summer parties for the whole department. The other department organised practically nothing.

PhDs do afford you more time to build connections with other researchers in the department and collaborations with other universities and institutions. In my PhD I spent time working with two other research groups in London (at UCL and the Royal Veterinary College) as well as the Natural History Museum. I doubt I’d have formed these connections through doing a Masters.

Whether it be a Masters or PhD, remember that you’ll be a student again. Therefore for either degree you can attend all student events on campus, join clubs and societies at the students’ union which could bring with it many opportunities to enrich your life. Of course a PhD gives you more time to enjoy these benefits!

Whichever degree you decide to go for, see my post about making the most of opportunities !

Also if you’re interested, I wrote: Do PhD Students Have a Social Life? Sharing My Experiences Making Friends and Avoiding PhD Loneliness

Masters vs PhD Opportunity Cost

The main opportunity cost I can think of for either is the length of time that they take. If you’re trying to decide between a Masters or PhD, or perhaps even aren’t sure about doing either, I suggest thinking about what you’d otherwise be doing and what you’d like to do afterwards.

There is no getting around the fact that a PhD takes longer to complete than a Masters. Maybe that extra time spent deep in research is well spent, or maybe you’d be better off just doing a one year Masters degree and using that remaining time to progress a career in industry, start a business or make the most of some other opportunities.

It will come down to why you’re interested in doing either degree in the first place and what you’re hoping to do with your life afterwards.

If you enjoy research but are worried that a PhD would take too long, I don’t think you should worry too much. Firstly, I think enjoying research is reason enough to do a PhD. Secondly, in comparison to your whole career a PhD doesn’t really take up much time.

I don’t think that the time you’ll have spent doing a PhD would ever meaningfully take away from other things you could do with your life:

See my whole post about how long a PhD takes .

Masters vs PhD Difficulty

How hard is a masters.

I can’t speak for all Masters courses! How difficult you’ll find a Masters will depend a lot on the specific course and how different the topic is to your undergraduate degree. Of course if you’re jumping to a different field than your undergraduate degree you’d expect to find the Masters challenging!

What I can say is that there can be a lot of content to try and cram in during a one year Masters. The pace can be fast and there isn’t much time for you to digest the content before getting assessed on it. You have to be able to learn quickly and juggle lots of things going on at once, with regular assessments throughout the year. This is all in stark contrast to the PhD where you’ll usually have ample time to ensure you understand a concept well and there are few formal assessments to deal with.

How difficult is a PhD?

A PhD involves working independently on your own project for the whole duration of your studies. With this comes having to solve problems yourself and find the motivation to keep going with the project for several years. There is a component of luck as to how your project pans out but it is safe to say that a lot of people do go through difficult parts of their PhD related to these issues.

There are very few formal assessments throughout a PhD. Typically at around 9-12 months in, then 18-24 months in there are intermediate checkmarks and then the big one, the viva, right at the end. On the upside this means that you don’t need to worry about getting assessed on assignements or exams like with the Masters, but on the flip side it can be difficult to figure out how well you’re doing.

From what I’ve observed, some people who have difficulties during the project often face them because of a poor relationship with their PhD supervisor. I personally didn’t find my PhD hard, but that in part comes down to enjoying the content, having good supervisors and treating it like a 9-5 job. No you shouldn’t need to dedicate all your evening and weekends to it, and it doesn’t need to be a hellish experience.

Yes this is anecdotal but I also worked with many other postdocs and PhD students who shared their experiences with me. Also check out the PhD Profiles series for more insights.

See my much longer analysis about PhD difficulty here: How Hard is a PhD?

Masters vs PhD: What did I do?

My own path from undergrad to PhD was made slightly more simple because I did a combined four-year undergraduate engineering degree which took me straight to a Masters qualification (MEng). Even so, I still wasn’t exactly clear on whether I wanted to a PhD or what topic it might be in. Therefore after graduating I worked for a few years whilst also putting out applications:

This gave me an opportunity to build up my experience and work in different fields, all while getting some more research outputs which were useful for PhD applications. If you want to read more about my journey, check out my PhD profile here . While you’re there, look at other PhD students’ journeys in the other PhD Profiles too.

Whether you should do a Masters or PhD really comes down to: why are you interested in further study?

I would urge caution in getting extra degrees just to try and boost your salary. There are cases where this can pay off but consider what other work experience you could be getting outside of the university. A Masters for example will typically cost you money, whether it be eating up savings or through a loan, so do think carefully if you’re doing the degree for financial reasons.

If on the other hand you’re motivated to take on either degree because you’re interested in the topics and simply want to learn then go for it!

A Masters can be a nice introduction to a field, especially if you’re transitioning from a different Bachelor’s degree. Having lectures covering a wide variety of topics can get you up to speed and you can spend a few months on a research component if that’s what you fancy.

If you actively enjoy doing research and like the idea of spending three or four years exploring one topic then doing a PhD could be a nice option. Though I would suggest that for many people a PhD may be overkill and that for most career purposes a masters is probably enough!

If you’re wondering whether or not you need a Masters to do a PhD, see my separate post exactly about that topic here: Do You Need a Master’s To Do a PhD? TLDR: No you don’t necessarily need one in advance, and CDTs are another option to consider which combine the benefits of both . See details about CDTs here . If you are interested in research, and already know what kind of topic you’d like to spend several years studying, then I’d consider applying for a PhD without a Masters.

I know it can be difficult making these choices. Remember though that you don’t need to rush your decision. There is nothing wrong with working for a few years then coming back to do a Masters or PhD. That is what I did!

It might feel like you need a clear plan but you really don’t so please don’t let it stress you out too much! Whatever you decide I wish you all the best for your career.

I hope this post has been useful if you’re trying to decide between a Masters vs PhD! If you have any other questions, feedback or suggestions be sure to let me know and I’ll try my best to help.

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4 Comments on “Masters vs PhD: Which is Right For You?”

Great article! I completed my MEng in Mechanical from Cardiff in 2018 and am now looking for an Industrial PhD (I think it’s also known as an EngD or DEng?). As I’d like to pursue an academic role in future but after a PhD I’d like to go into industry to really test the knowledge I gain (or maybe start a company).

I’d like to learn more and become a specialist who really understands and grasps all aspects of Mechanical Engineering. Plus, I really like the calculation side of things, but have had difficulty finding jobs, so I think a PhD would be a significant benefit to me. Though, I found it interesting that you state that having a PhD doesn’t increase salary expectations necessarily; I thought salary rise would be a bonus (from other articles) but I guess this depends on the companies that appreciate PhDs and whether you apply to the right ones.

Do you have an article showing how to make your PhD applications stand out?

Keep it up!

Kind regards, Y

PS Just a minor detail the last section on which is right for you (first line) has a typo: Masters of PhD… should be Masters or PhD.

Thanks very much for your comment and for pointing out a typo! Hey, mech eng MEng and Cardiff, nice! Yep I’ve known people doing EngDs and they look like a nice option.

As per the bar chart in the article, on average a PhD leads to higher salaries but in the article I wanted to temper salary expectations and make it clear that it is not necessarily a great idea to do a PhD if earning more money were the main motivation: not only may a PhD prove frustrating if someone doesn’t actually enjoy the research but it’s also pretty inefficient since in a lot of cases simply spending those 3-4 years gaining experience in a job could likely lead to equivilant or larger promotions over that period. Yeah it really depends on the company and industry. As per the article you could have a look at the companies advertising positions in a subfield of mech eng you’re interested in and check the candidate requirements and associated compensation to get a sense of what a PhD could add.

An article I’m actually currently drafting for June is about how I managed to get a PhD scholarship which includes lots about making your application stand out, so I suggest check back later in the month!

Best wishes and good luck,

By the way I forgot to add that each candidate in the PhD Profiles series answers the question of what made their PhD application stand out, you can find the series here: https://www.thesavvyscientist.com/category/phd-profiles/

Thanks Jeff, I think I’ve got a lot of research to do as I’m quite open as to what I want to apply to. After reading your profile I think I have a similar interest in the medical field as I did a placement at Olympus medical and really enjoyed it. Plus working with professional engineers to a specific deadline is quite fun. I might choose to go a similar route to you by emailing the scientists/engineers who are running the PhD(s) I’m interested in and getting work experience until I’m certain of the topic I want to explore. There’s just so many options! Thanks for writing these blogs! Kind regards Yusuf

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Master’s Vs. Ph.D.: What’s The Difference?

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Most people have a pretty solid understanding of what a bachelor’s degree is, but master’s degrees and Ph.D.s can often be fuzzier for many.

In this article, we’ll go over each of these degrees and what each one entails.

Key Takeaways:

What Is a Master’s Degree?

A master’s degree – also called a graduate degree – is an advanced degree that people with an undergraduate degree can go on to obtain.

A master’s degree takes about one to three years to obtain. This can change based on the program you pursue and how many classes you take per semester, but the typical master’s degree program lasts about two years.

Again, the actual amount of time a master’s degree requires depends on the program you’re in, how much time you have to dedicate to your classes and research, and how smoothly your research goes, but most master’s degree programs are designed to take two years to complete.

A master’s degree requires a bachelor’s degree. This is the main prerequisite for starting a master’s degree. While some master’s programs require students to have bachelor’s degrees related to the graduate program, others don’t, allowing anyone with any area of expertise to enter as long as they meet the other qualifications .

One of these qualifications is often a passing score on a standardized graduate school entrance exam such as the GRE, GMAT, LSAT, or TOEFL.

A master’s degree mostly involves coursework with one to two semesters dedicated to research for a thesis and/or capstone project. This thesis or project (or combination of both) is a requirement for graduation and must be approved by and presented to the program faculty (called a defense).

While the student is working on this research, they’re usually taking classes as well.

A master’s degree can prepare you for almost any career. You can find people with master’s degrees in virtually any industry, and you can find a master’s degree program for a wide variety of interests.

Some people choose to pursue their master’s in order to build a more advanced and/or specialized knowledge base in their field or to open up opportunities in an entirely different field than they’d originally been working in.

What Is a Ph.D.?

A Ph.D. is a doctoral degree that many people pursue when they want to work in research or academia. It’s the highest degree someone can obtain.

A Ph.D. takes three to seven years to obtain. Usually, though, it takes closer to five to seven years to obtain a Ph.D. The length of time it takes you to finish a doctorate program will depend on the particular program, how much time you have to spend on classes and research, and how long your dissertation takes to research and complete.

A Ph.D. usually requires a master’s degree. Usually, your master’s degree has to be at least somewhat related to the Ph.D. program you’re trying to enter so that you have a solid knowledge base going into your research.

However, many programs combine their master’s degree and Ph.D. programs so you can start right out of undergrad and get it all done in one place. Sometimes these programs even take less time since they often require less research than two separate programs would.

A Ph.D. involves some coursework but mostly focuses on research for a dissertation. Generally, Ph.D. students spend just a few years on coursework and focus the majority of their time conducting research and writing their dissertations.

This is because their research generally has to be more original than many graduate program projects are and often requires them to obtain their own funding, which can take time.

In addition to a dissertation, Ph.D. students also may have to pass a comprehensive exam before they can graduate.

A Ph.D. can prepare you for a career in research and/or academia. If you want to continue conducting research in your field for a company or a university, or if you want to become a university professor , you’ll need a Ph.D.

As a result, many people obtain their Ph.D.s if they are interested in either of those options, even if they end up working in a regular job as part of their career as well.

Master’s Vs. Ph.D. FAQ

Can you get a Ph.D. without a master’s?

Yes, you can get a Ph.D. without a master’s. Many Ph.D. programs in the U.S. will accept students who have only earned their bachelor’s degrees. However, usually, this means that the Ph.D. program is a little longer than it would be otherwise, as it also includes the master’s degree requirements.

Many students still prefer this route if they know they want to get a Ph.D., as it often still ends up being shorter than it would be to obtain their master’s degree and then a separate Ph.D. You should only take this route if you’re very sure that you want to get your Ph.D., though, as it requires a significant amount of time and money.

Is a Ph.D. above a master’s?

Yes, a Ph.D. is above a master’s. A Ph.D. is the highest level of academic study, and a master’s degree is the second highest. Both are higher than a bachelor’s degree.

There are some master’s degrees, however, that are terminal degrees, which means there isn’t a higher degree than a master’s degree in that area of study. One example of this is a Master of Fine Arts (MFA). Because it’s a terminal degree, it’s considered similar to a Ph.D. in that field.

This is because a Ph.D. is a terminal degree in other fields of study and designates someone who has obtained the highest level of education possible in that field.

What are the four types of degrees?

The four types of degrees are associate’s, bachelor’s, master’s, and doctoral. An associate ’s degree typically takes about two years to earn and focuses on general education with a few specialized classes. These degrees are designed to prepare graduates to enter the workforce.

A bachelor’s degree usually takes about four years to complete and includes both general education and about two years of classes in the student’s chosen field. Typically, bachelor’s degree holders are eligible for careers in virtually any area, as well as many managerial and mid-level positions.

A master’s degree typically takes about two years to complete and includes both classwork and research in the student’s chosen field of study. Many students earn their master’s degrees because they want to take on an administrative or managerial role in the future.

A doctoral degree (which includes Ph.D.s) is a terminal degree for most fields, which means it’s the highest degree someone can obtain in that area. These degrees take between three and seven years to earn, and they focus mainly on research, although they have some classwork as well.

People who want to conduct research or work in academia often earn their doctoral degrees.

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Abby is a writer who is passionate about the power of story. Whether it’s communicating complicated topics in a clear way or helping readers connect with another person or place from the comfort of their couch. Abby attended Oral Roberts University in Tulsa, Oklahoma, where she earned a degree in writing with concentrations in journalism and business.

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Master’s vs PhD: Which Degree Is The Right One for You?

What is the right program for you? Master’s vs PhD: Meet the differences, the costs, prospects, and everything else you need to know.

Making the choice to pursue a graduate degree is a significant and frequently life-changing decision. Choosing between a Master’s and a PhD program, on the other hand, can be a challenging decision for many people. Both master’s and PhD programs provide advanced knowledge and expertise, but they differ in length, depth of study, and professional opportunities. 

Knowing the distinctions between these two programs might assist you in making an educated decision about which degree to choose. In this article, let’s go over the significant distinctions between Master’s vs PhD degrees, so you can better understand which program may be the optimal fit for your objectives and aspirations.

What are the main differences between Master’s vs PhD?

Which should you choose.

The decision between a Master’s and a PhD program is ultimately determined by your personal goals, interests, and career objectives. Here are some additional considerations to think about before making this decision:

• Time commitment: PhD programs generally require a greater time commitment than Master’s degrees, evaluate if you are willing to commit to a program for four to seven years.
• Personal goals and interests: Evaluate your own goals and interests, such as the desire to contribute to your profession, grow in your job, or obtain specific knowledge and abilities. 
• Funding: PhD frequently include financing possibilities, such as research assistantships or fellowships, which can help alleviate tuition and living expenses. While making your decision, consider whether financial opportunities are relevant to you.
• Aspirations for a career: Determine what sort of career you want to pursue after finishing your degree. A PhD may be required if you want to work in academia, research, or leadership. But, if you want to advance in your current career or pursue a position that does not need a PhD, a Master’s degree may suffice.
• Research: PhD programs place a heavy emphasis on research, so if you like performing research and are eager to contribute to your profession via original research, a PhD program may be a suitable choice.

Before deciding on a program, it is critical to acquire information and thoroughly analyze the different programs, as well as speak with existing students and professionals in your industry. Take your time and make sure you have all of the information you need to make an informed decision.

Understanding the costs

The costs of earning a Master’s degree and a PhD degree can vary based on a range of aspects, including the institution, program, and location. Tuition and fees are considerable costs for both degrees, with PhD programs sometimes costing more owing to their length.

According to Educational Data Initiative , a Master’s degree costs $62,650 on average, and a PhD degree costs $103,700 on average, however, this varies according to the institution, field, and duration of the program.

It is essential to carefully assess the costs of different programs and funding sources, as well as the possible return on investment for each degree. 

Career prospects for a Master’s vs PhD

Ultimately, both a Master’s degree and a PhD may lead to meaningful careers with diverse prospects for professional growth, income potential, and leadership roles.

Graduates with a Master’s degree can develop their careers in a specialized subject or explore a new professional path. The degree can lead to higher-level jobs and leadership positions in a wide range of industries. Furthermore, many countries and institutions need a Master’s degree before beginning a PhD program; in these circumstances, a Master’s degree might lead to a PhD.

A PhD is sometimes required for academic roles such as professor or researcher. PhD graduates are also well-prepared for research roles in government, non-profit, and private businesses. Nevertheless, PhD graduates may earn more than those with a Master’s or a Bachelor’s degree and it can qualify individuals for positions of leadership in research and development.

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Master’s vs. PhD – Which Degree is Right for Me?

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Deciding between pursuing a master’s degree or a PhD is a crucial step in one’s academic journey within graduate school . While both options offer advanced education and research opportunities, they differ in terms of scope, duration, and career outcomes. Deciding between a master’s and a PhD in graduate school? In this guide, we will explore the distinctions between master’s and PhD programs, helping you make an informed decision about your academic path.

Inhaltsverzeichnis

• 1 Master’s vs. PhD – In a Nutshell
• 2 Definition: Master’s vs. PhD
• 3 Master’s vs. PhD: Time requirements
• 4 Master’s vs. PhD: Career possibilities
• 5 Master’s vs. PhD: Tuition fees
• 6 Master’s vs. PhD: Applications
• 7 Master’s vs. PhD: Making the decision

Master’s vs. PhD – In a Nutshell

Master’s vs. PhD comparison table:

Definition: Master’s vs. PhD

A master’s degree combines taught elements with research. Coursework includes assignments, exams, and a research project or dissertation.

A PhD is research-based and focuses on a single topic. PhDs are awarded after submitting a written thesis and passing a viva (oral test).

Master’s vs. PhD: Time requirements

Next, we look at the time requirements for master’s vs. PhD, so you can get a more accurate idea of what’s involved.

Master’s program length

In the UK, full-time master’s degrees take 1 – 2 years , versus 1.5 – 2 years in the US. In some countries (like Sweden), certain master’s take considerably longer: Up to 5 years for Computer Engineering or 6 years for Medicine.

PhD program length

In the UK, a full-time PhD takes 3 years. In most countries, the average duration is 3 – 4 years , except for the US and Canada, where it’s a minimum of 4 years.

Master’s vs. PhD: Career possibilities

This section explains how postgraduate studies can expand your career possibilities, comparing master’s vs. PhD.

Careers for master’s graduates

Master’s are career-focused degrees, so they can help you advance in your career and specialize in an area if you choose to.

A master’s can prepare you for a specific job or qualify you as a “generalist”.

• An example of the former would be a master’s in Counselling .
• An example of a degree that allows you to apply for a range of different jobs would be a master’s in English Literature .

Salaries for master’s graduates:

Below are the average salaries for Master’s graduates in the careers mentioned above.

• Counsellor: $74,500 / £51,000
• English teacher: $73,000 / £54,000

Careers for PhD graduates

PhD graduates can work in academia , where they can teach at universities to give lectures, supervise master’s or PhD students, mark essays and exams, and publish original work.

You can move up the academic ladder and become a professor . This requires extensive teaching experience, having a large body of published research, participating in conferences, and being active in faculty or department committees.

PhD graduates who don’t want to work in academia have other options.

• A PhD in Chemistry could take a position in a laboratory.
• PhD graduates in Economics could work on research projects for banks.

Salaries for PhD graduates:

Below are the average salaries in USD and Pounds for master’s graduates in the careers mentioned above.

• Lab Manager: $108,000 / £61,000
• Banking research analyst: $139,000 / £71,000

Master’s vs. PhD: Tuition fees

Tuition fees can be costly when choosing a master’s vs. PhD. The following section will help you make a decision between a master’s vs. PhD based on their cost.

Master’s tuition fees

Fees are typically higher in master’s vs. PhD. This is because there’s limited financial aid for master’s degrees since master’s students are usually self-funded.

• For a master’s in Management, typical tuition fees for public universities go from $30,000 to $120,000 / starting at £8,000 for British students and can go up to £30,000 for international students.
• Typical tuition fees for private universities in the US are similar to fees in public institutions. In the UK, they start at £22,000.

Some universities offer scholarship opportunities that cover tuition fees. The most well-known scholarships are:

• DAAD (Germany)
• Fullbright (USA)
• Mext (Japan)
• Gates Cambridge (UK)

PhD tuition fees

PhD tuition fees are typically waived . Students receive a small stipend that covers living expenses in exchange for working as instructors or research assistants.

Some universities also offer full or partial PhD scholarships. Sometimes, financial aid is also offered by government institutions, which award scholarships to outstanding students.

Master’s vs. PhD: Applications

Although the application procedure for master’s vs. PhD degrees is different, in most cases you’ll need to submit the following documents:

• Undergraduate diploma and transcript
• Motivation or presentation letter
• Letter/s of recommendation

Each university has different requirements for master’s vs. PhD applications. Always check with the department in question.

Master’s application

Master’s degree applications require evidence of previous undergraduate studies.

In the US , it’s also common to require a minimum GPA score of 3.0, plus additional tests like GMAT (for business and management Master’s) or LSAT (for law degrees).

In the UK , applications must include proof of an undergraduate degree with at least a 2:1 score, full academic transcripts, and proof of English language proficiency. GMAT and LSAT aren’t always required. You need to check with each university to see what applies.

PhD application

Since PhDs are research-oriented, the application must reflect your research interests and background, ensuring they match the expertise of a specific department.

The application must also include:

• A proposal where you describe the goals
• Relevance of your research topic

In the UK , PhD applications don’t usually have a cost. Before applying, you should contact potential supervisors to ensure your research interests are a good fit. Deadlines usually close 1-3 months before the start date.

In the US , the research proposal doesn’t carry as much weight as it does in the UK. US universities consider other factors, such as personal and academic achievements and extra-curricular interests. There’s usually a cost associated with US applications, and they can be filed between August and December.

Master’s vs. PhD: Making the decision

Master’s vs. PhD – make the right decision with the help of this checklist.

Master's vs. PhD: Is a PhD harder?

Not necessarily, but a PhDs entails a longer time commitment than a master’s.

Master's vs. PhD: Do I need to have a master’s before applying to a PhD?

Not always. Some universities let you apply to a PhD with a bachelor’s degree.

Master's vs. PhD: Can I take them part-time?

Many universities allow this, but it will take you twice as long to finish your degree.

Master's vs. PhD: Will I have to take exams?

In master’s degrees, there are different exams throughout the course. PhD students only take an oral exam at the end of their degree.

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How to Choose a Graduate School: 7 Tips for Success

So you’ve made the decision to go to grad school. You’ve weighed your options , researched the benefits of a graduate education , and discovered the value of having an advanced degree . Now it’s time to choose which program to pursue—a task that can seem overwhelming given the number of options available.

But the process doesn’t have to be so daunting. There are actions you can take to make choosing a graduate degree program more manageable—exciting, even. As you take the next step toward your personal and professional goals, take note of the following tips to help you choose a graduate school and degree program best suited for you.

Difference Between Grad School and Undergrad Programs

Before you start searching for the right graduate school for you, it’s essential to know what to expect for this new career trajectory you’ll be embarking on. Unlike an undergraduate program, grad programs are highly specialized and much more advanced in your field of study.

Prospective graduate students can expect a far more individualized experience as they work closely with students and professors. Due to this specialization, entering a graduate program will be an investment of time that’ll ultimately help elevate your expertise and career choices.

Tips for Choosing a Graduate School

1. Take inventory of your passions and motivations.

Pursuing a graduate education is a big investment, so it’s critical to understand the unique “ why ” behind your decision. What do you hope to achieve by going back to school? Whether you’d like to gain more specialized knowledge, change careers, earn a promotion, increase your salary potential, or achieve a lifelong personal goal, make sure the program you choose will help get you there.

Examine the curricula and course descriptions of various degree programs, and assess how each offering aligns with your passions and interests. Graduate school is challenging, but it will feel more manageable if you’re working toward something that matters to you. Understanding your expectations and what you want to get out of the program is the first step in choosing a degree that will be a good fit.

2. Do your research and explore your options.

Once you’ve determined your motivations for returning to school, leave yourself time to research the types of degree programs available in your preferred area of study and the opportunities each can create.

Resources like the U.S. Bureau of Labor Statistics’ Occupational Outlook Handbook can give you a sense of typical career paths by industry, along with the educational degree requirements for each. The handbook also provides market growth forecasts and earning potential to help inform your decision.

It’s also important to note the structure and focus of each program. Even in the same discipline, a program’s focus can vary among institutions. Does the curriculum emphasize theory, original research, or a more practical application of knowledge? Whatever your goals may be, make sure the program’s focus aligns with the educational experience that will provide you with the most value. Career changers, for example, who likely don’t have industry experience, might prefer a program with access to hands-on learning opportunities or a path for completing prerequisites like Northeastern’s Align and Bridge programs.

While conducting your research, don’t be afraid to utilize your professional network. Speak with colleagues who have pursued an advanced degree in your industry and reach out to alumni of the institutions you’re considering. Listening to their experiences as a graduate student and in the job market post-degree can help you gauge if the program is in line with your goals.

3. Keep your career goals in mind.

After exploring your range of program options, consider your career goals and how each specific graduate program can help you get there.

If you’re seeking a specialized area of focus, be sure to examine the program concentrations offered at each institution. One graduate program in education might prepare you to specialize in higher education administration or elementary instruction, while other institutions may offer concentrations in special education or classroom technology. Make sure the program you choose reflects your career interests.

Alternatively, if you’re unsure of exactly where your career path may take you, you may want to consider a broader degree that can give you flexibility in its application. Some degree programs, such as a Master of Business Administration , teach skills that can be applied across multiple professions. If this is the path you’d prefer to pursue, pick a degree that will remain relevant as you move around in your career.

Examine the types of credentials professionals in the industry possess and research the types of skills potential employers are looking for. Check to see that the degree program offers opportunities to learn and develop those same skills. You’ll want to make sure the program you’re investing your time in will arm you with the knowledge you can actually apply in the real world.

Some professions also require board certification and/or state licensure. For example, someone interested in becoming a ​​project manager must complete 35 hours of relevant training before gaining eligibility to sit for the certification exam. You’ll want to ensure that the graduate program you ultimately decide on is fully accredited and will help you meet any certification or licensure requirements.

Location is also an important factor to consider when thinking about potential employment opportunities after graduation. Individuals interested in financial services may consider schools in a major banking center, such as Charlotte , while those pursuing a technology career might look for programs in Silicon Valley .

Further, if your goal is to work for a specific company, do your research to determine where graduates of the programs you’re looking at are working. Universities often have corporate partnerships in which employers recruit graduates to work at their organization. Check to see if your dream company partners with any nearby universities.

4. Make sure the program fits your lifestyle.

While aligning your career goals, make sure the degree program you choose will realistically fit within your lifestyle, and determine what level of flexibility you need. There are many options available that will allow you to earn an advanced degree at the right pace and in the right format for you.

Some degrees can be earned in as little as 12 months, while others can take years. Determine how much time you’re willing to invest, considering your personal values, work and family commitments, and the type of graduate experience you’d like to have.

Full-time graduate studies are not for everyone. If you’re a working professional, you may benefit from the increased flexibility provided by a part-time degree program. You might also consider the benefits of online or hybrid graduate programs that provide access to worldwide institutions that may have otherwise not been an option.

5. Consider your finances.

Decide what you can afford for graduate school, and don’t forget to factor in both the up-front costs, such as tuition and textbooks, and hidden fees, like transportation and student activity costs. While your education is an investment, make sure you can cover the costs associated with earning your graduate degree.

Paying for graduate school can seem intimidating, but there are many different options available to you. While you narrow down your list of schools, be sure to check out the financial aid options at each institution. Along with scholarships , loans, and grants, some schools may offer assistantships or fellowships for graduate students.

For those who may already be working in their industry, your employer may offer tuition reimbursement , which pays for a predetermined amount of continuing education credits or college coursework to be applied toward a degree. Contact your company’s human resources department to determine whether tuition reimbursement is available to you and if your program of interest meets the eligibility requirements.

All of these options will help ease the costs associated with your education and could help you earn valuable experience to enhance your resumé. You may also want to consider your future earning potential and job opportunities when weighing your options—you want your degree to be worth the money, time, and energy you put into earning it.

6. Talk to admissions advisors, students, and alumni.

When determining your graduate school options, it’s important to talk to current students and alumni. Begin by creating a list of questions to ask, such as:

• Do you have enough academic and career guidance?
• What do you like and dislike about your program?
• Are you happy with your professors?
• Are there co-op and internship opportunities available to you?
• How do you feel about the student community?
• What do you wish you knew before enrolling?

What students and alumni tell you might surprise you and could be extremely valuable in determining the right graduate school for you.

Speak With a Student Ambassador

 Talk to an ambassador who’s been there and done that.

You can also speak with graduate admissions advisors to help you narrow your options. They have experience guiding students to make this type of decision and can provide you with the outcomes of past students whose goals were similar to yours. In speaking with the institution’s alumni and mentor network, you also have the opportunity to assess the type of connections you can make there and how they may help you get ahead after graduation.

7. Network with faculty.

Faculty can make or break your graduate school experience. Take the time to reach out to your potential professors and get to know them. Don’t be afraid to ask specific questions about their background to see if it aligns with what you want to learn.

Apply to universities that have one or more professors who focus on your area of interest and with whom you can imagine collaborating while earning your degree. Determine if they can help facilitate your growth, and go with a program where you’re comfortable with the faculty.

Applying to Graduate School

After narrowing down your options and determining which graduate programs align most closely with your career goals, lifestyle, and personal interests, you’re ready to begin the application process. It might seem intimidating, but applying to graduate school is simple so long as you remain organized and are well-prepared.

While the application requirements may look different depending on the institution and type of degree program you’re applying to, there are certain materials that you’ll likely be asked for as part of your grad school application. These include:

• An application form
• Undergraduate transcripts
• A well-optimized professional resumé
• A statement of purpose or personal statement
• Letters of recommendation
• GRE, GMAT, or LSAT test scores (if required)
• An application fee

Do your research to determine what the application requirements are for your program of choice, and remain conscious of deadlines. 

Remember that Graduate School Is a Stepping Stone

When deciding which program to pursue, it’s important to remember that graduate school is a stepping stone toward your personal and professional goals—not the final destination. That said, the clearer you are on what you want to do following graduation, the easier it will be to find a program that aligns with your goals.

Start early, keep your search organized , and reach out for support. In the end, only you can decide which program will be best for you. No matter what program you choose to pursue, with commitment, resilience, and hard work, you can find success.

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What Does Ph.D. Stand For?

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Ever wondered why someone with the title “Doctor of Philosophy” isn’t necessarily pondering the mysteries of existence like Descartes or Nietzsche? That’s because the term encompasses many disciplines beyond its traditional confines. Whether it’s exploring the mysteries of the cosmos, deciphering intricate economic systems or unraveling the complexities of human behavior, a Ph.D. can be earned in any field ranging from science and economics to humanities and beyond. 

In this article, we’ll explore the multifaceted world of Ph.D. studies, beginning with the fundamental question: What does Ph.D. stand for? 

Beyond merely defining the acronym, we provide crucial information to assist you in determining whether pursuing this advanced degree aligns with your goals, aspirations and intellectual passions.

Meaning of Ph.D.

A Ph.D., short for Doctor of Philosophy, is an esteemed academic degree marking the pinnacle of in-depth study and innovative research in a specific area of expertise. Attaining a Ph.D. involves not just a broad mastery of the field at large but also acquiring specialized knowledge and insights into a distinct facet of that discipline.

For instance, pursuing a Ph.D. in literature involves acquiring a thorough understanding of literary theory and criticism while also focusing deeply on a particular literary period or genre, such as Victorian literature, postcolonial literature, or contemporary poetry. This process ensures that Ph.D. candidates achieve a comprehensive grasp of their broader discipline while also cultivating an expert-level specialization.

Education Requirements for a Ph.D.

In order to pursue a Ph.D. program, you must first fulfill some education prerequisites. Both a bachelor’s degree and often a master’s degree serve as essential stepping stones toward this advanced academic pursuit.

Bachelor’s degree

A bachelor’s degree is a fundamental requirement for individuals who aspire to pursue higher education, including Ph.D. studies. Although having a major directly related to the intended Ph.D. field is not mandatory, it can undoubtedly provide a beneficial foundation for handling advanced coursework. Therefore, aligning undergraduate studies with future graduate pursuits can significantly ease the transition into more advanced academic pursuits, ensuring a smoother progression through graduate coursework.

Master’s degree

To be eligible for Ph.D. programs, candidates typically need to have completed a master’s degree. The duration of a master’s degree program can vary depending on whether a student is enrolled part-time or full-time, but typically it lasts between one and three years. 

Maintaining a high GPA during master’s studies can improve your chances of getting into a Ph.D. program. Generally, a GPA of 3.0 or higher is seen as favorable. However, this can vary based on factors like your field of study and the program’s competitiveness.

How Long Does a Ph.D. Take?

The typical duration of a Ph.D. program ranges from five to six years, yet this timeframe can vary significantly depending on the academic field and individual circumstances.

Several factors play a pivotal role in determining the length of Ph.D. studies. Firstly, the depth and breadth of the research project can significantly influence the timeline. The dissertation phase, which involves original research, data analysis, and presenting your findings, often requires a considerable amount of time. Secondly, the availability of funding and resources is crucial. Access to financial support and adequate research facilities can either speed up the process or cause delays.

Moreover, specific program or institutional requirements, such as compulsory coursework, teaching commitments, or comprehensive exams, may affect the overall timeline. These obligations can increase the academic workload, potentially prolonging the time necessary to fulfill all degree requirements.

The Process of Obtaining a Ph.D.

The process of obtaining a Ph.D. is a journey that involves passing through various milestones and academic achievements, each contributing to the culmination of advanced scholarly expertise. Let’s go through some of the steps below: 

Completing coursework

Coursework is a foundational step in the Ph.D. process, helping students cultivate profound subject-matter expertise and establish essential knowledge within the field. These courses equip students with the requisite theoretical framework and shape potential dissertation research topics.

Completing one or more doctoral residency experiences

Doctoral residencies provide a structured platform for refining research skills, receiving guidance, and engaging in scholarly discourse. Often conducted virtually, these experiences allow students to focus on specific study and dissertation preparation activities while fostering connections with faculty and peers for invaluable mentorship and collaboration.

Passing a comprehensive assessment or exam

The purpose of the comprehensive examination process is to comprehensively evaluate the student’s depth of knowledge in their area of specialization and their familiarity with the published research within the field. Additionally, the examination verifies whether the student possesses the critical thinking and analytical skills required for dissertation research.

Developing and completing an independent research project

The dissertation is a comprehensive written document that typically consists of five chapters and addresses a unique question or problem within the field. Faculty experts and the ethical review board play integral roles in assessing the rigor and ethical aspects of the research project, ensuring scholarly integrity and adherence to ethical guidelines.

Seeking approval of your completed dissertation manuscript

The approval process entails evaluation by a faculty committee and the school dean, culminating in a final defense where students defend their research, analysis, and conclusions. Meeting specific professional standards, as applicable to the field, is often a requirement before the publication of the approved dissertation, marking the culmination of the Ph.D. journey.

Career Opportunities for Ph.D. Holders

Ph.D. holders are equipped with a wealth of specialized knowledge and advanced skills, opening doors to many career opportunities that vary depending on their field of study. The roles they can pursue encompass a wide range of leadership, managerial, research, academic, and consulting positions, such as:

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5 Reasons to Get a Ph.D.

The decision to pursue a Ph.D. is a significant one that holds the potential to shape both your career trajectory and personal growth. Here are five compelling reasons why pursuing a Ph.D. may be worth considering:

Become an expert in the field

One of the primary motivations for pursuing a Ph.D. is the opportunity to become an expert in a specific field. Obtaining expert-level knowledge allows you to contribute significantly to your chosen field while providing you with a sense of fulfillment and accomplishment. 

You can make a difference through research

The true value of a Ph.D. lies in the potential to make a positive impact through research. Across various fields, impactful research has the power to drive innovation, solve pressing societal challenges, and advance human knowledge. Whether it’s discovering new treatments for diseases, developing sustainable technologies, or understanding complex social phenomena, Ph.D. research has the potential to change the world for the better.

Broaden your job opportunities

In today’s competitive job market, a Ph.D. can set you apart from the crowd. While it’s highly relevant for academic careers, a Ph.D. also opens doors to diverse opportunities in industries ranging from technology and healthcare to finance and government. Employers value the advanced research, analytical, and critical thinking skills that Ph.D. holders bring to the table, making them highly sought after in various professional settings.

Increase your salary potential

Earning a Ph.D. can lead to significant financial benefits in the long run. According to the Bureau of Labor Statistics , Ph.D. holders typically command higher salaries and have lower unemployment rates. While the journey toward a Ph.D. may require dedication and perseverance, the potential for increased earning potential is a compelling incentive for many aspiring scholars.

You can reach your full potential

Perhaps the most rewarding aspect of pursuing a Ph.D. is the opportunity for personal growth and development. Along the way, you’ll acquire valuable skills, including resilience, problem-solving, and effective communication, that will serve you well professionally and personally. By pushing yourself to tackle complex problems and overcome obstacles, you’ll reach your full potential not only as a scholar but also as an individual ready to leave their mark and make a meaningful difference in the world.

Final Thoughts

Ultimately, Ph.D. programs are indispensable components of the academic journey for individuals seeking to enhance their expertise, enrich scholarly knowledge, and pursue fulfilling careers in academia, industry, and beyond. 

As you reflect on your academic and professional aspirations, consider the transformative potential of pursuing a Ph.D. program tailored to your passions and ambitions. So, dare to delve deeper, embrace the challenge, and pursue this path of intellectual discovery and personal growth.

Frequently Asked Questions 

Is a ph.d. harder than a master’s degree.

While both degrees require significant dedication and effort, a Ph.D. typically involves more extensive research and independent study, making it a more demanding academic pursuit than a master’s degree.

Which is higher: Ph.D. or doctorate?

A Ph.D. lies within the category of doctorate degrees, so one is not inherently higher than the other.

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Is a Master’s Degree Worth It?

Understanding the Numbers When reviewing job growth and salary information, it’s important to remember that actual numbers can vary due to many different factors — like years of experience in the role, industry of employment, geographic location, worker skill and economic conditions. Cited projections do not guarantee actual salary or job growth.

Earning a master’s degree could help you stand out while pursuing an in-demand career or give you the knowledge you need to land a leadership role. But in today’s evolving world of higher education and workplace requirements, is a master’s degree actually worth it?

The value of a master’s degree depends on your career goals, the industry you hope to work in and the type of job you want to have. But there are plenty of benefits to earning a graduate-level credential.

“One thing a master’s degree shows employers over a bachelor’s degree is commitment level,” said Alicia Gagne, '20 MBA , a career advisor at Southern New Hampshire University (SNHU). “Not only did this person make the effort to get into their field, but they went a step beyond to master the material and improve themselves for their career.”

So, is a master’s degree worth pursuing? To make this decision, you’ll need to consider what this credential could do for your personal career aspirations .

What is a Master's Degree?

A master’s degree is a type of graduate-level degree  that can help you build advanced knowledge in a field or career path.

Master’s degrees are typically two-year academic programs that follow a bachelor’s degree and dive deeper into specific subject matter. Master’s degrees may also require you to conduct scholarly research  and complete a thesis or capstone project  to demonstrate your learning.

In today’s competitive job market, master’s degrees are quickly becoming an in-demand credential that can set you apart from other job seekers, especially in certain industries, said Gagne.

“Many employers require higher education for upward mobility,” she said.* “You can leverage it for higher pay, mobility within a company or competitive offers … It used to be that a bachelor's degree  would set you apart from the pack, but now a bachelor’s is often expected, and the master’s is that extra shiny step.”

Explore more about what a master's degree is  and the types available to choose from.

Find Your Program

How long does it take to earn a master’s degree.

A master’s degree is typically a two-year program , but the total time it takes to earn a degree can vary depending on the number of credits in your selected program and the number of classes you take each term.

While many traditional campus-based master's degrees have a semester-based schedule, some online schools are term-based, which could help you earn your degree more quickly.

At SNHU, for example, graduate terms are 10 weeks long, with five terms per year . You can take one or two courses per term, allowing you to complete up to 10 graduate-level courses in just one year.

How Much Does a Master’s Degree Cost?

The cost of a master’s degree can also vary. Earning a master’s degree online can be more affordable than pursuing a degree on a university campus, but the total cost will depend on the school and program you choose.

At SNHU's rate in April 2024, online master’s degree courses cost $637 per credit hour, and any required books or other materials are an additional expense. A typical 36-credit master’s degree costs about $22,932 in tuition; however, some degree programs may require additional credits. 

There are some ways you could save money as you work toward your degree. Consider:

• Scholarships and grants you may be eligible to apply for
• Transfer credits from graduate courses you've previously completed
• Tuition reimbursement programs at your work
• Relevant work experience  and certifications you might already have

Hayden Mailloux , a graduate-level admission counselor at SNHU, said it’s important to consider the cost of a master’s degree and your expected return on investment when deciding whether to pursue an advanced credential.

“Compare the expense of graduate school to your future earning potential, and then determine how much you can afford to spend on your master’s degree,” Mailloux said.*

Is It Worth Paying for a Master's Degree?

Knowing the time and money it takes to earn a master’s degree, it’s normal to wonder if a master’s degree is still worth it. However, data shows that the return on investment of a master’s degree can be significant.

In-Demand Credential

Master’s degree holders continue to be in demand across many industries, said Gagne.*

“Many employers recognize master’s degrees as a significant benefit for their company,” she said. 

According to Gagne, earning a master's degree can equip individuals with:

• A high depth of knowledge
• A mindset that is well-prepared for the complexities and challenges of today's working world
• Sophisticated research and critical analytical abilities
• Strong devotion to their subject area

According to the U.S. Bureau of Labor Statistics (BLS), the number of jobs requiring a master’s degree is also on the rise.* Jobs requiring a master’s degree are projected to grow 11.3% between 2022 and 2032, according to BLS data, while jobs requiring a bachelor’s degree are expected to grow 6.7% over the same period.*

Higher Earning Potential

According to BLS data, master’s degree holders also have a higher earning potential than workers with a bachelor’s degree.*

The BLS reports that in 2022, workers with a master’s degree brought home median weekly earnings of $1,661 , compared to $1,432 for bachelor’s degree holders.* This results in a median annual pay gap of about $12,000 between master’s degree holders and bachelor’s degree holders, per BLS data.*

Lower Unemployment Rates

Earning a master’s degree can also give you more job security.* According to BLS data, the unemployment rate for master’s degree holders in 2022 was just 1.9% , lower than the average for bachelor’s degree holders (2.2%).*

Personal and Professional Growth

Kathy Mota '23G and Marco Mota '23G both earned online master’s degrees from SNHU while working full-time jobs and parenting their three daughters. The married couple said that while their graduate degrees in psychology and business administration will help them advance in their careers, one of the biggest benefits was showing their children the power of hard work and determination.

“It gives them a sense that they are able to do whatever they want at any time of their lives,” said Marco. “Just try and do your best, and as long as you do that, that’s all that matters.”

What Master’s Degrees are Most Worth It?

Whether a master’s degree is worth the investment can depend on the type of job you want and the industry you’re working in.

According to Gagne, master’s degrees are often more critical in industries such as healthcare and teaching. Many businesses also prefer candidates with a master’s degree for leadership roles and executive-level positions, she said.

But Gagne said that while master’s degrees are in-demand in some fields, having this credential on your resume  doesn’t automatically make the degree worth the time and cost.

“The degree that is most worth it is the one that you are passionate about, because you will put in the extra work and effort to make it into something lucrative no matter the field,” she said. “Choose the degree most worth it to you, and make yourself most worth it to the employers.”

Is a Master’s Degree Right for Me?

A master’s degree can give you a leg up when applying to high-level jobs or seeking a promotion. But it’s important to explore how a graduate program can help you reach your personal career goals.

There are several factors to consider when determining whether to pursue an advanced degree. According to Mailloux, these include:

• Costs of a master’s degree program
• Time commitment
• Industry requirements for the career you want
• Your passion for the field

Gagne said she encourages students to speak to someone  already working in the job they want to see what kind of training is recommended.

While a master’s degree can be critical to advancement in a field, some careers offer in-house training or certifications and may not require a graduate degree at all.

“Individuals should ask themselves if the degree will get them to that next step, if they have the time to commit to it and if they will see the pay-off of their efforts,” Gagne said.

If you do decide to pursue a master’s program , the technical knowledge and soft skills  you gain can have a lifelong impact on your career, said Gagne. Gagne has seen this effect in her own professional life after earning an MBA from SNHU.

“Graduate school taught me to think on a bigger scale,” she said. “Even if you end up in a different field from the degree you pursued, any area of education has transferable skills and can open doors for you.”

A degree can change your life. Find the SNHU master's degree  that can best help you meet your goals.

*Cited job growth projections may not reflect local and/or short-term economic or job conditions and do not guarantee actual job growth. Actual salaries and/or earning potential may be the result of a combination of factors including, but not limited to: years of experience, industry of employment, geographic location, and worker skill.

Danielle Gagnon is a freelance writer focused on higher education. She started her career working as an education reporter for a daily newspaper in New Hampshire, where she reported on local schools and education policy. Gagnon served as the communications manager for a private school in Boston, MA before later starting her freelance writing career. Today, she continues to share her passion for education as a writer for Southern New Hampshire University. Connect with her on LinkedIn .

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About southern new hampshire university.

SNHU is a nonprofit, accredited university with a mission to make high-quality education more accessible and affordable for everyone.

Founded in 1932, and online since 1995, we’ve helped countless students reach their goals with flexible, career-focused programs . Our 300-acre campus in Manchester, NH is home to over 3,000 students, and we serve over 135,000 students online. Visit our about SNHU  page to learn more about our mission, accreditations, leadership team, national recognitions and awards.

Update to 2024 Best Graduate Schools Launch

Best Medical Schools, Best Engineering Schools and Best Clinical Psychology Programs launch delayed.

Update for 2024 Best Grad Schools Launch

During our regular rankings pre-publication process, U.S. News received and is currently reviewing queries from some graduate schools, including whether and to what extent affiliated institutions were considered in the bibliometric data used in the 2024 Best Medical Schools and 2024 Best Engineering Schools rankings, and which accrediting body was used as a source of reference for the 2024 Best Clinical Psychology Programs rankings. We take our role as a journalism enterprise very seriously and we will not publish information without full confidence in what we publish.

As a result, we have made the decision to delay the publication of the 2024 Best Medical Schools, Best Engineering Schools and Best Clinical Psychology Program rankings until such time that we can appropriately address these questions. All other graduate school rankings – across 82 professional fields – will be released as planned on April 9.

Our focus remains on providing the best information for prospective students.

We will provide updates with more information as to the timing of these rankings as soon as we are able.

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Home  /  News  /  Master’s Vs. Bachelor’s Degree: What’s The Difference?

Master’s Vs. Bachelor’s Degree: What’s The Difference?

Higher education has the power to transform your life, but understanding the different types of degrees can be confusing. To help, let’s break down exactly what master’s vs bachelor’s degrees are.

When you go to a university, you can earn an undergraduate degree called a baccalaureate or a graduate degree called a master’s. The exact degrees offered vary from school to school, but there are some important differences between bachelor’s degrees and master’s degrees that you should understand before you begin applying to colleges and universities.

What Is A Bachelor’s Degree?

What is a master’s degree, the difference between undergraduate and graduate degrees, bachelor’s vs. master’s: which one is right for you.

Explore  environmental baccalaureate and master’s degree programs .

A bachelor’s degree is an undergraduate degree typically earned after the completion of high school or GED. Most bachelor’s degree programs are four-year programs that include general education courses as well as specialized courses in a chosen academic major. Baccalaureate degrees are the foundational level of higher education. They equip students with the essential knowledge and skills needed to start a career in a particular field or further their studies by earning a graduate degree.

There are three main types of baccalaureate degrees:

• Bachelor of Arts (BA)
• Bachelor of Science (BS)
• Bachelor of Fine Arts (BFA)

How Long Does It Take To Get A Bachelor’s Degree?

Most bachelor’s degree programs take four years to complete. However, that is based on a full-time course load of at least 15 credits per semester. If you are working while in school, this could be difficult to maintain. At some schools, the average student takes five years to finish a baccalaureate program, and you can take longer if needed. A student attending college part-time may take six to eight years to complete their degree. 

For those unsure if a baccalaureate degree is the right choice for them due to the traditional timeline, at Unity Environmental University, our model is run on 5-week terms, not semesters. Terms allow students to get through the program much faster, and you can decide to take a break and continue at your own pace, allowing for more flexibility. Another shorter degree option is starting with pursuing an  associate degree , which takes  two years to complete on average before starting a career .

Do I need a bachelor’s to get a master’s? Yes, you do!  Luckily, you can  earn a degree online  on your own schedule with flexible start dates and rolling admissions.

A master’s degree is an advanced level of postgraduate study that allows students to specialize further in a specific field of study or professional practice. A master’s degree may be needed for career advancement depending on your field and position. Certain roles may require a very specialized education. A master’s degree or Ph.D. is also required for jobs doing academic research or teaching at the college level.

There are many types of master’s degrees including but not limited to:

• Master of Arts (MA)
• Master of Science (MS)
• Master of Business Administration (MBA)
• Master of Social Work (MSW) 
• Master of Fine Arts (MFA)

It’s common for people to want to study something different than they are studying in undergrad. Maybe you were young and studying what your parents wanted you to, or maybe your interests changed. This leads many college graduates to wonder, can I get a master’s degree in another field? And the answer is yes, you can! You may need to take some prerequisite courses in your new area of study, but policies vary by institution and program.

How Long Does It Take To Get A Master’s Degree?

The timeframe for completing a master’s degree is usually one to two years. However, like with baccalaureate degrees, you may need longer to complete your degree if you are only studying part-time. Some graduate students may conduct longer thesis research or fieldwork and need additional time after completing their core coursework before they graduate.

At Unity Environmental University, our Master’s programs work on 8-week terms, allowing flexible starts and breaks. If you are already a Unity baccalaureate student and are applying to one of our Master’s programs, we provide individualized coaching and advising through the application and enrollment process to provide you an easy transition..

Can You Get A Masters Without A Bachelor’s?

It is not possible to earn a master’s degree from an accredited university in the US without first holding a qualifying bachelor’s degree .

While applying for a Master’s program, make sure to refer to the university’s admission and pre-requisite requirements. At Unity Environmental University, you need to have a baccalaureate and either 

• have a minimum undergraduate cumulative GPA of 2.75 or higher; or
• have earned a minimum grade of B (3.0) in at least 6 credits of Master’s level courses from an accredited institution.

There are a few exceptions if you do not meet either of these two  Master’s admission requirements .

Boost your career with a completely  online master’s degree from Unity Environmental University .

The biggest differences between a bachelor’s and master’s degree are the academic level (undergraduate vs graduate) and the depth of study. An undergraduate degree provides broad foundational knowledge. It’s a necessary precursor for the more specialized approach that graduate school takes. Because graduate degrees are advanced degrees, they typically open up more advanced career pathways, including management and research roles.

It takes about 120 credit hours to earn a baccalaureate degree versus only 45 credits for a master’s degree. Therefore, master’s programs often only take two years to complete versus four years for a bachelor’s degree. While the per credit cost of bachelor’s degrees is usually lower than it is for master’s degrees, master’s degrees need fewer credits to graduate, so they could be less costly overall.

Unity Environmental University has flexible terms, allowing you to graduate much faster on average. You can take 2 courses (3 credits) per term. With our baccalaureate programs being 8 terms per year, you can max at 48 credits per year. With 120 credits needed to graduate, you can graduate as quickly as 2.5 years. 

Our Graduate programs are the same. You can take 2 courses per term with 5 terms per year. That means you can take 30 credits per year max, allowing you to graduate in less than a year and a half.

Whether you are interested in a bachelor’s or a master’s, learn  how to make your degree more affordable .

Ready To Learn More About Unity Environmental University?

To determine if a bachelor’s degree vs master’s is right for you, think about your  long-term career goals  and research the educational requirements for your ideal job. Consider the time commitment and cost of graduate vs undergraduate school. Using data online, you can estimate how much income you can earn over your lifetime if you have a master’s degree vs a bachelor’s degree. This will vary by industry and specific roles, but generally,  workers with a master’s degree earn more than those with only a bachelor’s .

Because a baccalaureate degree is a prerequisite for a master’s, the question isn’t actually master’s vs bachelor’s. Instead, the question is whether it’s worth it to pursue a master’s degree after you finish undergraduate school. Not sure if a master’s degree is right for you? Discover the  benefits of going to grad school . 

Environmental Bachelor Programs At Unity Environmental University

Unity Environmental University’s bachelor’s programs focus on equipping students with the knowledge and skills needed to address contemporary environmental challenges. We use a unique approach to environmental studies that includes social sustainability and  cultural competence  in our programs. Below are some of our bachelor’s degree programs and potential career options for graduates with that degree.

• B.S. in Animal Science :   Zoologist , livestock manager,  animal care specialist
• B.S. in Environmental Studies :  Environmental policy analyst, toxicologist, environmental educator
• B.S. in Sustainable Business Management : Environmental consultant, sustainability manager, sustainability analyst
• B.S. in Wildlife Conservation :   Wildlife biologist , research associate,  park ranger  

Environmental Master Programs At Unity Environmental University

When you choose Unity Environmental University for your master’s degree, you get access to specialized research opportunities, expert faculty, and the skills needed to make a major impact on the world’s environmental challenges. The programs below cater to those looking to deepen their expertise or pivot their career toward environmental advocacy and sustainability.

• Master’s in Marine Science :   Marine biologist , aquaculture manager, assistant professor
• Master’s in Environmental Studies and Sustainability :   Urban planner ,  environmental engineer , climate change policy analyst
• Master’s in Environmental Geographic Information Science :   GIS analyst , GIS technician, GIS specialist
• SMBA in Sustainable Tourism & Hospitality : Business owner, sustainability consultant, sustainability director

Earn An Environmental Bachelor’s Or Master’s Degree Online At Unity Environmental University

Before applying to college, it’s vital to understand the differences between an undergraduate degree vs graduate degree. In undergraduate school, students earn a baccalaureate degree, usually in four years. Graduate school students earn a master’s degree which usually takes two years. A high school diploma or GED is required for admission to undergraduate school, and a baccalaureate degree is required for admission to graduate school. 

Unity Environmental University  offers baccalaureate and master’s degree programs that can be completed online and come with built-in career development support for all students. You can earn a degree at your own pace with our flexible term starts. The fastest you can earn a baccalaureate in 2.5 years and a Master’s in 1.5 years.  Financial aid  is also available at the undergraduate and graduate levels so that you do not have to worry about whether you can afford a bachelor’s vs master’s degree only.

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Master’s Degree vs. Bachelor’s Degree – Faulkner University

Faulkner University

A Christian University

Introduction

Bachelor’s degree vs. master’s degree: understanding the difference.

When considering earning a college degree to improve available career opportunities, you should first find out whether you require a bachelor’s degree, master’s degree, or an eventual doctorate in your chosen field. Academic disciplines and departments vary widely in how they deliver employment training. With foresight and preparation, students can approach an academic program with strategies that offer multiple job-related options.

Faulkner University offers academic programs  online and at campuses throughout Alabama. Here, we help you understand the differences when it comes to master’s degree vs. bachelor’s degree programs.

Comparing Master’s Degree vs. Bachelor’s Degree Programs

Students almost always earn a bachelor’s degree before a master’s degree. A bachelor’s degree is commonly required for admission to a master’s program. The bachelor’s degree is called an undergraduate degree, while the master’s is a graduate degree. Full-time students can usually earn a bachelor’s degree within four years. Graduate students may earn a master’s degree in two, three, or more years, depending on the discipline.

Higher education is organized to help students continually build on their base of knowledge. Bachelor’s degree students learn how to write academic papers and how to present materials. They develop intermediate math skills and are introduced to scientific theories and knowledge. In addition, bachelor’s degree students focus on one major area of study, such as biology, history, or business. Within these majors, students develop higher-level skills and understanding of the subject matter.

The master’s degree takes this learning to the next level. Master’s students are often required to write a thesis and present research findings. The content of their courses assumes that students have already mastered introductory material and have a basic understanding of the subject. Master’s degree programs may require students to earn a bachelor’s degree in specific subjects to qualify for admission.

How Do University Degrees Impact Career Opportunities?

Some occupations require employees to have a college degree. For example, many states require that teachers in the public school system earn a master’s degree in education . While a bachelor’s degree in business or accounting  can be an avenue to securing a satisfying job, some positions require applicants to earn an MBA.

Salary Differences Between Bachelor’s and Master’s Degree Holders

According to the U.S. Bureau of Labor Statistics (BLS), education pays . In 2022, employees earned more in wages and salary with university degrees. Median weekly earnings for full-time workers over the age of 25 were $853 for high school graduates, $1,432 for those with a bachelor’s degree, and $1,661 for those with a master’s degree. When comparing master’s degree vs. bachelor’s degree salaries, there are significant salary differences. Whether or not employees have earned a college degree also impacts their opportunities for advancement and promotion.

Another factor that students may want to account for when considering a bachelor’s degree vs. a master’s degree is the cost of each degree. The degree may be seen as a financial investment that students make in themselves, their future job satisfaction, and potential career paths. In this way, the amount of investment can be weighed against potential future gains, both in financial and personal satisfaction.

Earn a Career-Advancing Degree at Faulkner University

Faulkner University in Alabama offers several types of degree programs  on our campuses in Montgomery, Birmingham, Mobile, and Huntsville. We also provide online academic programs  and hybrid learning opportunities. Whether you are looking to start your bachelor’s degree or ready to move on to your master’s, Faulkner University has the tools and resources to help you grow. For more information about our degree programs, request information  today.

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Graduate certificate vs. master’s degree: how to choose, getting a master of education when your undergrad degree is in a different field.

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UR Nursing Lands at No. 21 in National Ranking of Master’s Programs

  By Nora Williamson   Monday, April 8, 2024

The University of Rochester School of Nursing has been ranked No. 21 among U.S. nursing schools for its master’s programs, according to the 2024-25 Best Graduate Schools guide produced by U.S. News and World Report. Designed for prospective students looking to advance their nursing education, the Best Graduate Schools rankings evaluate programs based on academic quality and research success.  

“We are incredibly proud of the recent rankings that highlight the excellence of our master’s programs,” said Dean Lisa Kitko, PhD, RN, FAHA, FAAN . “While we are pleased with these results, they are just one measure of our ongoing progress and dedication to shaping the future of nursing. We continue to focus our efforts on equipping our students with the skills, knowledge, and resources they need to thrive in their careers while providing flexible ways to study as practicing nurses.”  

The No. 1 program in Upstate New York for five years, the UR School of Nursing is one of only two institutions in the state — and the only one outside of New York City — ranked in the top 30 for its master’s programs. It features one of the oldest and most prominent nurse practitioner programs in the country and currently enrolls nearly 300 students across six NP specialties and degree concentrations in nursing education and leadership . 

The recent rankings feature an increased emphasis on program size, research activity, student excellence, and faculty resources while reducing emphasis on reputation from previous year’s rankings.   "Our faculty's expertise and the high quality clinical and experiential learning that our programs offer have been instrumental in the success of our master's nursing programs,” said Lydia Rotondo, DNP, RN, CNS, FNAP, associate dean for education and student affairs. “Our faculty’s commitment to educational excellence combined with strong academic-practice partnerships enriches our learning environment. Working closely with our students and an extensive network of clinical partners, we are redefining nursing education to prepare our master’s graduates for the challenges of tomorrow's health care." 

Other metrics considered in the rankings include student to faculty ratio and percentages of faculty with important academic achievements in the nursing profession and who are active in nursing practice. About 86 percent of faculty at the UR School of Nursing actively practice in various clinical settings.

In addition to smaller class sizes and guaranteed clinical placements – in the UR Medicine system and other health care facilities across New York – master’s students can access one-on-one faculty support on career planning, writing, or test-taking through the school’s Center for Academic & Professional Success. UR Nursing master’s students hold an average 3.74 GPA from their undergraduate program and, in 2022, more than 90 percent of students successfully passed their national certification exam on the first try.    Prospective students can review master's programs offered by the UR School of Nursing, and read how the school compares to other institutions and how the rankings are calculated on USNews.com .  

Categories: Nursing Education , Nursing Leadership , Accelerated Programs , Nurse Practitioner Programs , Outcomes

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