Is it worthwhile doing a master’s degree
Deciding to head back to university isn’t a small choice. You’re likely already balancing a career, a social life, and maybe even a family.
When you start looking at further study, it’s fair to wonder whether your investment will pay off. You want to know if that extra line on your resume actually changes the game for your career.
Everyone who’s thought about pursuing a master's has had to weigh the demands of further study against the potential benefit, and many still need to be at work by 9 am. With this in mind, your master’s program needs to deliver you more value than just a piece of paper.
Let’s break down the facts so you can decide if a master’s is worth it for you.
What is a master’s degree?
A master’s degree is an advanced postgraduate qualification. As an AQF Level 9 qualification, a master's degree represents a significant step up in your academic journey, sitting just below a doctoral degree and above a graduate diploma.
People usually pursue a master’s level degree to gain advanced knowledge that you just can't get through work experience alone. These courses are designed specifically to transform you into a specialist in your field, equipping you with advanced theory and high-level practical skills to become a leader in your field.
How long does a master’s degree take?
There is no “one size fits all" answer to how long a master’s degree takes. In most cases, you can expect to finish your course within 1 to 2 years if you study full-time. Most postgraduate students tailor their studies around their personal lives, and flexible options are designed to help you feel supported and in control of your learning pace.
Why do people choose to do a master’s degree?
While some students sign up for postgraduate study purely for the love of learning, many have a specific goal in mind. Those already in their careers may be studying to gain the knowledge they need for a promotion, a higher salary, or a leadership role. It’s also a great choice if you want to make a career pivot.
Value of a master’s degree
In a crowded job market, having a postgraduate qualification can make you significantly more attractive to employers. It shows the person reviewing your resume that you’re disciplined, can prove long-term commitment, and have a deep understanding of your industry. It could make all the difference when you go for your dream job.
Financial advancement: Cost vs. benefit
A master’s degree is a time investment as much as a financial investment. The 2024 QILT Graduate Outcomes Survey shows that postgraduates in Australia often earn a higher median salary and are more likely to be employed full-time than those with only an undergraduate degree.
You have to weigh the upfront cost of tuition against the long-term increase in your lifetime earnings. Often, the "break-even" point happens sooner than you might think.
Personal and professional development
Beyond the bank account, you’ll see a boost to your confidence, both in the workplace and in your personal life. You’ll sharpen your critical thinking and gain a fresh perspective on industry problems.
You also have access to networking opportunities that you wouldn’t otherwise get. You will be surrounded by like-minded individuals who have all made the same commitment to learning and improving their careers as you have. Master’s students are ambitious, motivated, and collaborative people, and they might just be the connection you needed to land your next job opportunity.
How do you get a master’s degree?
If you’ve found a “why” that you resonate with, the “how” is the next step. We try to make the process as easy as possible.
The entry requirements usually include a completed bachelor’s degree in a related field. If you’ve already completed a graduate certificate, graduate diploma, or have industry experience, you can receive Recognition of Prior Learning (RPL) credits. Gaining RPL means you don’t have to complete subjects you already have proven knowledge of, shortening the duration of your expected commitment. Speak to your Future Student Advisor to find out what you’re eligible for.
Learn how to transition from a bachelor's to a master's degree >
The application process is digital and designed to be simple. You’ll need to provide your academic transcripts and, in some cases, a CV or portfolio. Because we have small class sizes, you’ll get more attention and support from our lecturers right from day one. They are industry experts who understand the current market because they live it.
