Factors to consider when deciding between a Master’s and a PhD

It is not always simple to decide whether to pursue a master’s degree or a PhD. One may choose to continue their further education in order to get graduate degrees even though many careers and personal objectives can be fulfilled with just an undergraduate degree. These include a PhD and/or a master’s degree.

 

Both a master’s and a PhD are not thought of as easy achievements. Therefore, before deciding how far to go, it’s helpful to understand why you should earn either. To help you choose between a Master’s and a PhD, we have put together this guide.

 

Duration

A normal full-time master’s programme lasts roughly two years. However, there are programmes that are accelerated and can be finished in under a year.

Typically, it takes five to six years of study, teaching, and research to earn a PhD. Some students can even need up to eight or nine years to finish their education. Given this substantial time commitment, it is important to decide in advance if a PhD is the appropriate choice for you or if the shorter degree works better for you.

 

Finances

Majority of master’s programmes require students to pay for their tuition. Scholarships or teaching assistantships may be offered by some universities, although not all students will be eligible for them.

Whereas, PhD programmes normally guarantee funding for tuition and stipend for the period of the doctorate research. Albeit, the source of this funding may vary; in some cases, the school will cover your expenses, while in other cases, your mentor will. Some PhD programmes will additionally pay for your health insurance while you are a student.

It is therefore important to put your finances into consideration before making your ultimate decision.

Future Career 

If you are planning a career in academics and research, a PhD is a must in most cases. You can perform research in your field of choice and be an expert. Master’s is more career oriented and can be used as a shift in careers.

Skillset

Master’s degrees concentrate on developing critical-thinking and problem-solving abilities while emphasising the expert command of industry-specific skills. PhD degrees, on the other hand, are almost the opposite; they place a strong emphasis on research, analysis, and writing in order to assist the development of transferable abilities that may be utilised to close knowledge gaps in the industry.

Income

Your income expectations and potential lifetime earnings both increase significantly with a master’s degree or a PhD. However, in contrast to a master’s degree, a PhD offers more potential to increase your income.

It is safe to say that both options are great and regardless

of your preference, Multilang is here to help you actualise

your relocation goals. Get in touch with us today to get

started on your Master’s or PhD journey.

Send us an email at [email protected] or send a

WhatsApp message to +2349019960639.