Are Master's Degrees a racket?

Discussion in 'Business, Careers & Education' started by gladhands, May 1, 2011.

  1. gladhands

    gladhands Senior member

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    Outside of a handful of fields where the Masters is the terminal degree or the industry standard; MBA, MPH, MLS, MSW, MSEE ect. are masters degrees pointless? If you're going to get that masters in creative writing or biochem, shouldn't you just go in and get the doctorate (for free)? What's the point? More debt? Slightly improved career opportunities?
     
  2. Eason

    Eason Bicurious Racist

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    PhD is for people who want to do research. Fuck a research.
     
  3. holymadness

    holymadness Senior member

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    The master's will grow in importance as educational inflation continues. As more people attend universities and get bachelor's degrees, and as more entry-level jobs such as secretarial work require them, the bachelor's degree will become the new high school diploma and the master's will become the new bachelor's.

    At the moment, having a PhD can actually be a liability when it comes to getting hired (many firms will consider you overqualified or too expensive). I suspect this will change, too, as more and more people acquire doctorates even though there are fewer teaching positions than ever before.

    Of course, all of these developments are part of the higher education bubble that is bound to burst one day.
     
  4. FunLovinStyle

    FunLovinStyle Senior member

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    The master's will grow in importance as educational inflation continues. As more people attend universities and get bachelor's degrees, and as more entry-level jobs such as secretarial work require them, the bachelor's degree will become the new high school diploma and the master's will become the new bachelor's.

    At the moment, having a PhD can actually be a liability when it comes to getting hired (many firms will consider you overqualified or too expensive). I suspect this will change, too, as more and more people acquire doctorates even though there are fewer teaching positions than ever before.

    Of course, all of these developments are part of the higher education bubble that is bound to burst one day.


    Yup, exactly right.
     
  5. dragon8

    dragon8 Senior member

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    PhD is for people who want to do research. Fuck a research.

    LOL! I assume you don't have a PhD.
     
  6. Eason

    Eason Bicurious Racist

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    LOL! I assume you don't have a PhD.
    No I don't (currently enrolled for a Masters). My father, (PhD from University of Oxford), always warned me about getting one if my goal was to earn more money, or anything outside of research really.
     
  7. ComboOrgan

    ComboOrgan Senior member

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    People with master's degrees in engineering seem to get snapped up pretty quick by industry
     
  8. GQgeek

    GQgeek Senior member

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    I don't think a master's will ever hurt you, but it won't necessarily help you either. You have to look at your particular field imo.
     
  9. holymadness

    holymadness Senior member

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    I don't think a master's will ever hurt you, but it won't necessarily help you either. You have to look at your particular field imo.
    If it doesn't help you then it has necessarily hurt you by taking up to 2 years and anywhere from $10,000-$50,000 to complete.
     
  10. Connemara

    Connemara [URL='http://www.youtube.com/watch?v=6jST2Sv63WQ']

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    If it doesn't help you then it has necessarily hurt you by taking up to 2 years and anywhere from $10,000-$50,000 to complete.
    Plenty of 2 year master's programs are well north of $100K.
     
  11. StephenHero

    StephenHero Black Floridian

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    Plenty of 2 year master's programs are well north of $100K.
    Did Cravath pay your debt off?
     
  12. Connemara

    Connemara [URL='http://www.youtube.com/watch?v=6jST2Sv63WQ']

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    Did Cravath pay your debt off?
    I had very little as Pton Law gave me a full ride.
     
  13. enjoiii

    enjoiii Senior member

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    The master's will grow in importance as educational inflation continues. As more people attend universities and get bachelor's degrees, and as more entry-level jobs such as secretarial work require them, the bachelor's degree will become the new high school diploma and the master's will become the new bachelor's.

    At the moment, having a PhD can actually be a liability when it comes to getting hired (many firms will consider you overqualified or too expensive). I suspect this will change, too, as more and more people acquire doctorates even though there are fewer teaching positions than ever before.

    Of course, all of these developments are part of the higher education bubble that is bound to burst one day.


    Just curious, why will the bubble eventually burst?
     
  14. StephenHero

    StephenHero Black Floridian

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    Just curious, why will the bubble eventually burst?
    Then: Benefits > Cost Now or future: Cost > Benefits
     
  15. gladhands

    gladhands Senior member

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    People with master's degrees in engineering seem to get snapped up pretty quick by industry

    RIF

    Outside of a handful of fields where the Masters is the terminal degree or the industry standard; MBA, MPH, MLS, MSW, MSEE ect. are masters degrees pointless?
     

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