Competition for employment in the banking and finance industry is fierce, with the number of new graduates outstripping the number of roles available. Completing a Masters degree can provide a number of benefits in helping you stand out from the crowd.
Develop specialist knowledge
Studying for a Masters degree will help you develop specialist and technical knowledge in your field of study. It gives you the opportunity to explore the theoretical and practical aspects of your subject in greater detail, using more advanced academic techniques like critical thinking and reflective practice, which will help in your day-to-day professional life. A good Masters programme will help bridge the theoretical concepts of your discipline with practical case studies and implications for business.
Strengthen your personal development skills
A Masters degree will help strengthen your personal development skills; you will learn skills of discipline and time management alongside academic and analytical skills. Despite a Masters qualification being online and distance learning, it will allow you the opportunity to meet with and critically engage with people of all backgrounds. At a higher level, there is a greater need on collaborating with your peers, the study modes will allow you to communicate more effectively and in turn enhance your leadership and personal development skills.
Increase your earning potential
A lot of studies have suggested that obtaining a Masters qualification increases your earning potential. Having an undergraduate degree is likely to earn you on average £10K more than those without a degree and those with a Masters degree are more likely to earn 15K more. Furthermore, it could be argued certain job roles require a Masters degree for an applicant.
Contribute to the academic community
A Masters degree will allow you the opportunity to contribute something unique to your field of study, it opens up the path to continue on to PhD level. The in-depth nature of study will no doubt increase your interest in contributing to your particular field. Many Masters students have the option to help their professors with academic papers that are often published in internationally respected journals.
Make life long connections
Undertaking a Masters is a fantastic way to develop your professional network. Many of the peers that you meet will become life long contacts, it is through these networks that you can develop your business ideas, search for new opportunities and gain practical tools and support. Networking is often a vital part of degree programmes whether it be online or in person.