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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.

If you want to know more about college essays , academic writing , and AI tools , make sure to check out some of our other language articles with explanations, examples, and quizzes.

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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 First or Straight to PhD?

So you know you want to do a PhD someday. Let’s assume you already have a Bachelor’s degree and that some of the PhD programs you are considering don’t require candidates to already have Master’s degree for admission. Do you do a Master’s first or apply straight to PhD programs? There are advantages (and disadvantages) to each option.

Master’s then PhD

This is the traditional route to earn a PhD and is still widely used in Europe.

  • Time commitment -The initial time commitment for a Master’s degree (one to three years) is shorter than the PhD (three to seven years).
  • Not as competitive -In general, admission for Master’s programs isn’t as competitive as for PhDs. This can benefit students whose undergraduate performance wasn’t strong enough to be admitted into PhD programs right away. By doing a Master’s degree they can get more research experience, add to their CVs, and build relationships with professors who can write better letters of recommendation. An outstanding Master’s record might even allow the student to apply to more selective PhD programs than they could straight out of undergrad.
  • Explore your interests -For students that don’t have a clear idea of what they want to study at the PhD level, a Master’s is a great way to explore their options and figure out where their research interests lie. Doing a Master’s degree can also help someone who wants to change fields for their doctorate. By gaining research experience in their new field they will be a more competitive candidate for PhD programs.
  • Might be required for PhD admission -In some fields such as public health and social work a Master’s degree is required or recommended for admission to a PhD program. Additionally, students intent on pursuing a PhD in Europe will need to to have a Master’s to meet the admissions requirements the majority of European PhD programs.
  • Experience at multiple universities -Each university has a different academic environment and its own approach to research. An advantage of doing a Master’s and then a PhD is the exposure to academic life at an additional university.
  • Get rid of doubts - If a student has any hesitations about pursuing a doctorate, a Master’s degree is a way to test the waters before committing to a PhD.

Disadvantages

  • Funding -Depending on the field of study, funding for a terminal Master’s degree can be more difficult to come by. Sometimes there are grants, scholarships, or teaching positions available to these students to partially cover the cost, but not to the same extent as for PhD students.

Straight to PhD

In the United States, a Master’s degree is not required for admission to most PhD programs. It is possible and not unusual to be admitted to a PhD program straight out of undergrad. The number of direct entry PhD programs has started to rise in Canada as well, though earning a Master’s and then PhD is still more common. In Canada, it is also possible for academically promising students to begin a Master’s degree and then “fast track” or transfer to the PhD program without completing the requirements of the Master’s degree.

  • Time commitment -Many American PhD programs do not offer significant coursework reduction for students who already have Master’s degrees. This means that they will have to do a five to seven year PhD on top of their one to three year Master’s. If this is the case, then starting a PhD directly out of undergrad is the faster choice.
  • Funding -Funding is one of the top advantages of a direct entry PhD program. Most PhD programs offer students partial or full funding for their studies and many even pay them a stipend on top of a tuition waiver. There are also a greater number of external funding opportunities available to PhD students such as national grants and major fellowships which favour PhD work over Master’s studies.
  • Long-Term Projects -The shorter time constraints of a Master’s degree make it difficult for students to set up and run the kind of long-term projects which might be necessary to properly address their research questions. It is more common for PhD students to go more in-depth and do multi-year experiments, lengthy studies, or a year of fieldwork as part of their degree.
  • Start working right away -Students who have a clear understanding of their research interests and have already identified potential supervisors might prefer not to delay their PhD work by obtaining a Master’s first.
  • Moving only once -While doing a Master’s first exposes a student to academic life at multiple universities, the flip side is that it requires moving twice: one for the Master’s and once for the PhD. Moving can be time consuming and expensive—especially if one or both degrees are done abroad.
  • Will still earn a Master’s -Students in direct entry PhD programs will usually be awarded a Master’s degree along the way for course work completed during their doctorate.
  • Withdrawing from the program -If the student decides to permanently withdraw from a direct entry or fast track PhD program they may be leaving without any degree. Depending on when in the program they withdraw it may be possible to be awarded a Master’s for coursework already completed, but this is dependant on the policies of the program.

Ultimately the decision about whether to do a Master’s first or apply directly for a PhD is a personal one that you have to make on your own. Take some time to think about these pros and cons as well as your own goals and priorities. Good luck with your applications!

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

Shot of back of graduate looking into the distance with chin resting on hand at hooding ceremony

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 .

Upgrading from Masters to PhD

In Australia, enrolling in a Masters by research (or ‘MPhil’) it is a relatively common pathway to a PhD, but how hard is it to achieve the ‘upgrade’? This post is by Jonathan O’Donnell, who has spent most of his career in universities, helping academics to find funding for their research. His doctoral research looks at crowdfunding as a model for funding research . He runs the Research Whisperer , with his colleague, Dr Tseen Khoo of Latrobe University . It is the absolute favourite bit of his professional world.

I recently upgraded from my Masters by Research program to a PhD. A little while afterwards, I received this enquiry from a colleague:

“I have a friend who wants to start a PhD, preferably with an Aussie university. He has done several years of fieldwork already but has no Masters, just an honours from a UK university. Can you give me some info into the process of starting a project as a Masters and then upgrading to a PhD.  It may be the best route for him to take.”

I thought that my reply might be helpful for other Thesis Whisperer readers. Here is what I wrote (with a bit of judicious editing).

masters then phd reddit

I’m sure that processes will vary between universities, but here is the main story, as I understand it.

All universities want to know that you will be a good bet when you enroll for a PhD. The standard way to show that is to have done a good honours degree and/or a Masters. However, not everybody has gone down that route. Some have been in industry. Some haven’t had the opportunity due to socio-economic or other personal reasons. So some universities provide another route (sort of like mature aged entry into an undergrad degree).

At RMIT I enrolled in a Masters by Research as a stepping stone towards a PhD. This gave the university some comfort, as they could see whether I’d be a good fit or not. It also gave me a way out, if it wasn’t working. I could graduate with a Masters, and everybody would still be happy. Also, I felt that, if it all went completely to hell, I’d feel better dropping out of a Masters than a PhD (I don’t know why).

In Australia, all Higher Degree by Research courses (Masters and PhD) have milestones – Confirmation of candidature; Mid-candidature; and Completion. I’m doing my studies part time, so I came up for the Masters confirmation of candidature after two years. That seemed to go OK.

My next milestone for the Masters was my mid-candidature. Because I wanted to upgrade to a PhD, this became the confirmation of candidature for my PhD. That is, if I did well enough, I would be confirmed as a PhD student, and all the work that I’d done towards my Masters would be counted towards my PhD.

That’s what I did last month. It went very well.

My plan is to do a PhD with publications, and one of my supervisors was worried that I hadn’t done enough writing. I had one journal article under review and had done another conference paper. She would have preferred two or three journal papers, preferably with one accepted. But in the end, the review committee was very happy with my progress.

It they hadn’t been happy, I guess they could have either:

  • Accepted that I’d passed the mid-candidature of my Masters (and allowed me to continue the Masters), but not confirmed me as a PhD student.
  • OR if I’d done really badly, they might have had reservations about my progress in my Masters (which would have nixed any suggestion of a PhD).

But my supervisors were happy with my progress (mostly), and I did a practice presentation about four months ago, so there was lots of scaffolding to make sure that I didn’t fall.

As always, the wonderful Thesis Whisperer, Inger Mewburn, has a great article about how to get into a PhD program that might help. The bit that you want is the last couple of paragraphs: “…you can try enrolling in a ‘lower degree’ with the intention to apply for a transfer to a PhD.”

Good advice from that article, and borne out in some of the comments is:

  • Work out who you want as a supervisor, and get them on-board first. They may smooth the way for you (or rescue your application if it gets mangled by the bureaucracy).
  • Look for someone who has grant funding in the area, as that may make it easier to cover costs (e.g. fieldwork) and maybe even a stipend. This will vary according to discipline. In most Social Sciences, Humanities & Business (where I am) your project has little or no relationship to your supervisors work. But it may be different in your field.

If you want to work out who has funding in Australia, use my handy guide to searching the ARC database of funded grants .

The big caveat is that I’m not sure that all universities will allow students to do this. I’m studying at RMIT in Melbourne – it isn’t a ‘tier one’ university. Elite universities might be a bit more picky – they may require students to do a full Masters, and then enroll in a PhD (madness, in my opinion). I have no idea how this works overseas.

So there you have it – enroll in a Masters, prove that you can do some work and then upgrade to a PhD. Seems to be working for me. Maybe it will work for your friend, too.

Thanks Jonathan

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Masters vs PhD: Which is Right For You?

masters then phd reddit

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:

masters then phd reddit

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:

masters then phd reddit

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:

masters then phd reddit

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:

masters then phd reddit

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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Pros and Cons of Earning a Master's Degree Before a PhD

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As a potential applicant to graduate school you have a great many decisions to make. The initial decisions, such as what field to study , may come easily. However, many applicants struggle with choosing what degree to pursue, whether a master’s degree or PhD is right for them. Others know what degree they want. Those who choose a doctoral degree sometimes wonder if they should first complete a master’s degree. Do you need a master’s degree to apply to a doctoral program?

Is a master’s degree an essential prerequisite for gaining admission to a doctoral program? Usually not. Does a master’s degree improve your odds of admission? Sometimes. Is it in your best interest to earn master’s before applying to PhD programs? It depends.

Pros and Cons of Earning a Master's Before Applying to PhD Programs

There are both advantages and disadvantages to earning a master’s before applying to PhD programs. Below are some of the pros and cons:

Pro: A master’s degree will introduce you to the process of graduate study.

Without a doubt, graduate school is different from college. This is especially true at the doctoral level. A master’s program can introduce to you the process of graduate study and help you understand how it is different from undergraduate study. A master’s program can help you make the transition to graduate school and prepare you for making the transition from college student to graduate scholar. 

Pro: A master’s program can help you see if you are ready for doctoral study.

Are you ready for graduate school? Do you have the right study habits? Are you motivated? Can you manage your time? Enrolling in a master’s program can help you see if you have what it takes for success as a graduate student – and especially as a doctoral student.

Pro: A master’s program can help you see if you are interested enough to undertake a PhD

The typical college survey courses present a broad view of a discipline, with little depth. Small college seminars present a topic in more depth but it will not come close to what you will learn in graduate school. It is not until students are immersed in a field that they truly come to know the depth of their interest. Sometimes new grad students realize that the field is not for them. Others complete the master’s degree but realize that they have no interest in pursuing a doctorate.

Pro: A masters may help you get into a doctoral program.

If your undergraduate transcript leaves much to be desired, a master’s program may help you improve your academic record and show that you have the stuff that competent graduate students are made of. Earning a master’s degree shows that you are committed and interested in your field of study. Returning students may seek a master’s degree to obtain contacts and recommendations from faculty.

Pro: A master’s degree can help you change fields.

Are you planning on studying a different field than your college major ? It can be hard to convince a graduate admissions committee that you are interested and committed to a field in which that you have little formal experience. A master’s degree can not only introduce you to the field but can show the admissions committee that you interested, committed, and competent in your chosen field. 

Pro: A master’s degree can offer a foot in the door to a particular graduate program.

Suppose you hope to attend a specific graduate program. Taking a few graduate courses, nonmatriculated (or nondegree-seeking) can help you learn about the program and can help faculty learn about you. This is even more true for master’s students. In many graduate programs, master’s and doctoral students take some of the same classes. As a master’s student, you’ll have contact with graduate faculty – often those who teach in the doctoral program. Completing a thesis and volunteering to work on faculty research can help faculty get to know you as a competent and promising researcher. A master’s degree might offer you a foot in the door and a better chance of gaining admission to the department’s doctoral program. However, admission is not guaranteed. Before you choose this option, be sure that you can live with yourself if you don’t gain admission. Will you be happy with a terminal master?

Con: A master’s degree is time-consuming.

Typically a full-time master’s program will require 2 years of study. Many new doctoral students find that their master’s coursework doesn’t transfer. If you enroll in a master’s program recognize that it will likely not make a dent in your required doctoral coursework. Your PhD will likely take an additional 4 to 6 years after earning your master’s degree.

Con: A master’s degree is usually unfunded.

Many students find this a big con: Master’s students usually do not receive much funding. Most master’s programs are paid for out-of-pocket. Are you prepared to potentially have tens of thousands of dollars of debt before you begin your PhD.? If you choose not to seek a doctoral degree, what employment options accompany your master’s degree? While I’d argue that a master’s degree is always of value for your intellectual and personal growth, if the salary-return of your degree is important to you, do your homework and think carefully before enrolling in a master’s program prior to seeking your PhD.

Whether you seek a master’s degree before applying to doctoral programs is a personal decision. Also recognize that many PhD programs award master’s degrees along the way, typically after the first year and completing exams and/or a thesis.

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Articles & Advice > Graduate School > Articles

Indian woman in denim shirt sitting in grass with notebook and pink pen to head

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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masters then phd reddit

masters then phd reddit

  • Second Master’s or PhD? – A Comparison
  • Types of Doctorates

A second Master’s degree is best suited for those who want to work in industry, but first either want to acquire additional knowledge in their current field or move to a new one. A PhD is best suited to those who want to gain advanced research skills and expertise in their current field and pursue a career in research or academia.

Introduction

It’s common for Master’s students to be plagued by the thought of what they will do next as they near the end of their current degree. Whether it’s taking a gap year, starting their career or continuing education, one thing is clear: there are many possibilities.

If you decide to stay in education, you’ll likely at some point consider whether it’s better to do a second Master’s or a PhD. You’d be right to give this serious thought, as the two degrees have significant differences, from their costs and durations, to the career paths they offer.

This page explains the differences between a second Master’s and a PhD, the pros and cons of each, and will help you to decide which of the two degrees is best for you.

Second Master’s vs PhD

Level of specialisation, master’s.

A Master’s degree, regardless of whether it’s an MSc, MRes or MPhil, aims to provide you with targeted knowledge that builds on what you would have learnt from your undergraduate degree. Although each type of Master’s degree has its own focus, such as an MSc on practical knowledge and an MPhil on research skills, the specialisation they offer isn’t as in-depth as that offered by a PhD. This is because they have a wider curriculum and usually utilise several teaching methods, including lectures and tutorials, which provide a range of knowledge around several closely related subjects.

PhDs are the highest form of academic qualification you can obtain and offer more specialised knowledge than any Master’s degree. Unlike Master’s degrees, which are based on a mixture of teaching methods and curriculum, PhDs are purely research degrees and focus on a specific research question.

A second Master’s degree will provide you with specialist knowledge in various subjects in your field. A doctoral degree will provide you with research skills and expert knowledge in a single topic within your field.

Programme Duration

Most Master’s courses take one year to complete, with an MPhil two years. However, the exact duration will depend on your specific course, type of Master’s and university.

A PhD lasts on average three to four years , with part-time studies lasting up to eight years.

Since a doctorate lasts several times longer than a Master’s, it requires a much greater commitment.

Programme Cost

The cost of a second Master’s degree will vary depending on its type, subject and host universities. Based on an analysis by FindAMaster’s , which summarises tuition fees from the International and Postgraduate Fees Survey 2019 , the average academic tuition fee per year for a Master’s degree in the UK is:

The average tuition fee per year for a PhD in the UK is £4,407 for home/EU students and £19,600 for international students .

There are other fees associated with doctoral research projects that aren’t present with Master’s studies. These include bench fees, travel costs for collaborations and conferences, and potential writing up fees for late thesis submissions.

Annually, a second Master’s degree is twice as expensive than a PhD for home/EU students, and slightly cheaper for international students. However, considering the typical duration of these programmes, a PhD becomes significantly more expensive; twice as expensive for home/EU students and four times as expensive for international students:

Notes: (1) The tuition fee values for the second Master’s is based on the average fees for an MSc. (2) The above table assumes a second Master’s duration of 1 year and a PhD duration of 4 years. (3) The fees and durations are indicative – the exact values vary depending on the course and university.

It’s also important to bear in mind that many PhD programmes come with funding which covers the cost of their fees. Many funding packages also include a living allowance (known as a stipend) which is comparable to a low salary. It is usually much more difficult to secure non-repayable funding for a Master’s programme unless it’s integrated with a PhD programme.

Employability

The skills and knowledge gained through a Master’s degree are general enough to apply to other relevant disciplines. For example, a Master’s degree in statistics would enable you to work in finance, medical analysis, and specific engineering fields etc. Due to this, a second Master’s could help make you suitable for an even wider range of professional fields.

Because a PhD focuses on advanced research methods and a specific research question as opposed to the broad field, your career path is usually refined to the more advanced positions which require expert knowledge. This doesn’t mean that you cannot apply your skills elsewhere, but most PhD holders remain in their field after completing their studies.

It’s worth noting, however, that there is a growing trend for PhD holders to use the transferable skills they acquired during their degree to successfully reposition themselves in careers outside of academia. In fact, STEM PhD holders are particularly sought after in the financial sector because of their proven ability to perform complex tasks under strict deadlines.

Both a second Master’s and a PhD offer excellent employment opportunities. However, a second Master’s usually offers greater career flexibility across industries, especially at the beginning of a career. A doctorate opens up the more demanding positions within a field, but can sometimes make it more difficult to change industries.

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

Advantages and Disadvantages of a Second Master’s

Improving skills:  A second Master’s can strengthen your skills within your current field. For example, suppose you have an MEng in Biomedical Engineering. Here, you know of the technical aspects and their application, but you do not necessarily know how to innovate and develop them further. You could fill this skills gap with an MRes or an MPhil that would provide you with complimentary research and investigatory skills. Improving your skills won’t only help you advance faster in your career faster but may also open up future roles that would not otherwise be available to you.

Career change:  After completing your first Master’s degree, you may decide that the field is no longer suitable for you. In these scenarios, a second Master’s degree can facilitate career changes. This will have obvious limitations, for example, you shouldn’t expect to be able to do a Master’s in Biomedical Engineering with a Master’s in Classical Literature, however, if you already have a Master’s in another type of engineering, this transition would be possible.

Bridge between different Industries: In STEM subjects, there is extensive interaction between different industries. Although this interaction has always existed, it has grown steadily as more industries try to innovate and tackle more ambitious projects. There’s an obvious need for multidisciplinary roles, and a second Master’s degree in a relevant subject can make you desirable for this reason.

Disadvantages

Perception: If you carry out a second Master’s in a field unrelated to your first, even if to facilitate a career change, it can lead to potential employers perceiving you as unfocused. Although this shouldn’t be the case for large multidisciplinary organisations, it may deter the more specialised companies.

Salary: While a second relevant Master’s in the same subject field may increase your earning potential, a second unrelated Master’s is unlikely to. Although an unrelated second Master’s isn’t a disadvantage if being used to facilitate a career change, it will probably be an unnecessary use of time and money if you intend to stay within your current career path.

Advantages and Disadvantages of a PhD

Establishing yourself as an Expert: Any individual who holds a doctorate is considered an expert in his or her field. Therefore, a PhD has not only a prestigious status but also opens up roles in advanced research and academia.

Commitment: A PhD shows your willingness, commitment and motivation to learn. This makes you highly desirable for employers, as a strong passion for continuous learning usually correlates with the potential to become industry leaders.

Less freedom:  Taking three to four years to complete, a PhD is a huge commitment. As a result, many feel pressured to stay in their field to ensure that their PhD was ‘worth’ it, even if they no longer feel that the field is the right one for them. Although it is still possible to change paths after your doctorate, and many do so successfully, many feel ‘locked’ into their path after they finish their studies.

Over-qualified: You may find it difficult to find a job outside of research or academia, as employers may consider you over-qualified and therefore believe that you will quickly leap from the role to a more challenging one. They may also believe you lack practical work experience compared to your counterpart, who has a Master’s degree and has been working in the industry whilst you were working on your academic studies.

Cost: While PhD programmes can come with funding that helps to finance tuition fees and living costs, the funding usually covers only the first 3.5 years of full-time programmes and the first seven years of part-time programmes. You may be determined to complete your doctorate within this timeframe, but it is not uncommon for students to experience setbacks in their research that take them beyond the period for which they’re funded for. This means they have to pay the rest of the fee themselves, which can be a significant burden for some, especially if they lack the savings to do so.

Deciding between a second Master’s and a PhD may seem like a tough decision, but ultimately it depends on what your career goals are. Therefore, the first thing to do is to ensure you’ve thought about your future and have a good idea of where you want to go after your education.

A second Master’s is best suited to those who want to either gain more specialised knowledge in their current industry or make a job change by transitioning into a new industry. A PhD is best suited for those who want to gain advanced research skills and knowledge in their field and pursue a career in research or academia.

Either way, both options offer great opportunities and will open new doors for you. Which of the two degrees is better for you depends on which door you would like to open.

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Pink blossoms bloom in the trees of Johns Hopkins University

Credit: Will Kirk / Johns Hopkins University

Johns Hopkins graduate programs again ranked among nation's best

'u.s. news & world report' includes 38 jhu programs among the top 10 in the u.s. in its annual rankings, including no. 1 ranked programs in nursing and public health.

By Hub staff report

Johns Hopkins University has 38 graduate schools, academic programs, and specialties ranked among the top 10 in the nation, including nine with No. 1 rankings, according to the latest edition of "Best Graduate Schools" from U.S. News & World Report , published earlier today.

Two schools at Hopkins—the Bloomberg School of Public Health and the School of Nursing —earned No. 1 rankings overall, and the School of Education entered the top 10, according to U.S. News & World Report .

Portions of the publication's annual list were released today but rankings for schools of medicine and engineering were delayed and will be released at a later date.

Among the new rankings released today:

The School of Nursing's DNP program ranked No. 1 for the third year in a row. Its master's degree programs tied at No. 1, up from No. 2 last year. In gerontology, the school moved up two spots to No. 1 for primary care, and up one spot to No. 2 for acute care. In other specialty areas, the School of Nursing's doctoral programs ranked:

  • Psychiatric/mental health: No. 1
  • Family: No. 3 (tied)
  • Leadership: No. 4 (tied)
  • Nursing Anesthesia: No. 36 (tie)

Public Health

The Bloomberg School retained its longtime No. 1 overall ranking among public health programs—it has held the top spot since 1994, the year the rankings began. In specialty areas, the Bloomberg School ranked:

  • Environmental Health Sciences: No. 1
  • Epidemiology: No. 1
  • Health Policy and Management (Public Health): No. 1
  • Social and Behavioral Sciences: No. 1
  • Biostatistics: No. 2

Johns Hopkins tied at No. 8 in the Education category, up from No. 13 last year. The school also tied at No. 23 in higher education administration programs.

Public Affairs

Overall, Johns Hopkins programs in public affairs tied at No. 39. In subcategories, Johns Hopkins tied at No. 6 in Health Policy and Management (Public Affairs), No. 11 in International/Global Policy and Administration, and tied at No. 35 in Public Policy Analysis.

U.S. News & World Report updates some of its rankings each year and republishes the most recent rankings in other areas. Among the republished rankings for Hopkins, which are still current:

Biological Sciences

Hopkins is tied for No. 6 overall with six top 10 specialty rankings:

  • Molecular biology: No. 3 (tie)
  • Cell biology: No. 4
  • Neuroscience: No. 4 (tie)
  • Immunology: No. 5
  • Genetics, genomics, and bioinformatics: No. 6 (tie)
  • Biochemistry, biophysics, and structural biology: No. 8

Biostatistics

Hopkins is ranked No. 1 (tie) for Biostatistics at the doctoral level. (Note: U.S. News & World Report also ranks biostatistics as a sub-category of public health, where Hopkins is No. 2.)

The university is tied at No. 20 in Chemistry and ranks No. 9 in the Biochemistry subcategory.

Computer Science

The university is tied for No. 24 overall and tied at No. 21 in the specialty of Artificial Intelligence.

Earth Sciences

The university is tied at No. 30 in Earth Sciences.

Johns Hopkins' program in economics is tied at No. 22.

English tied at No. 13 overall with the following specialty rankings:

  • Literary criticism and theory: No. 3
  • British literature: No. 10 (tie)
  • American literature after 1865: No. 17

Health Care Management

The university is No. 7.

Johns Hopkins ranks No. 10 overall, with the following specialty rankings:

  • African-American history: No. 3 (tie)
  • Cultural history: No. 4 (tie)
  • U.S. Colonial history: No. 5 (tie)
  • Women's history: No. 6 (tie)
  • African history: No. 7 (tie)
  • European history: No. 7 (tie)
  • Modern U.S. history: No. 16 (tie)

Mathematics

Johns Hopkins is tied at No. 20 in Mathematics with the following specialty rankings: + Analysis: No. 18 (tie) + Algebra: No. 23 (tie) + Applied Math: No. 25

Overall, the university is tied at No. 13 with the following specialty rankings: + Living Systems: No. 5 (tie) + Cosmology: No. 7 + Condensed Matter: No. 13 (tie)

Political science

Overall, political science is tied at No. 41. In sub-categories, Johns Hopkins ranked: + Political theory: No. 8 (tie) + International politics: No. 24 (tie)

The university's graduate program in psychology is tied at No. 12 overall and tied at No. 5 in the subcategory of behavioral neuroscience.

Overall, sociology is tied at No. 29. The sub-category of sociology of population is tied at No. 17.

Posted in University News

Tagged u.s. news and world report , university rankings

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Donald Trump reveals if he will make it to Barron Trump’s high school graduation

Donald Trump addressed the media and said he will have to miss his youngest son’s high school graduation.

On April 15, the former president was in court once again. Following the first day of his hush money trial, Trump addressed the media waiting for him outside the courtroom.

After thanking the media for being there, Trump first addressed the “amazing things that happened today,” before talking about his now 18-year-old son Barron, who is preparing to graduate from high school next month.

JUST IN — Trump addresses the media after Judge Merchan informs him that he will not be able to attend his son Barron’s high school graduation, or his case before the Supreme Court on presidential immunity. pic.twitter.com/XGEiFYLGyP — Charlie Kirk (@charliekirk11) April 15, 2024

“As you know my son is graduating from high school, and looks like the judge will not let me go to the graduation. My son has worked very very hard. He’s a great student and I’m very proud of the fact that he did so well.”

As Trump continued, he said Barron was looking forward “for years” to a “graduation with his mother and father there.” However, he said, “it looks like the judge isn’t going to allow me to escape this scam.”

Barron Trump isn’t often a name in the media. However, the youngest Trump, who turned 18 on March 20, has often found himself trending when ever a new photo of him is shared with the public.

Barron is easily the tallest of the Trump children now, towering over his father and siblings in all of the photos that have been shared with the public over the last couple of years.

Barron is set to graduate this month from the Oxbridge Academy in Palm Beach, Florida. Although his father won’t be in attendance, his mom, Melania, surely will be.

A social source told People back in March 2024 that “Barron is shy and reserved,” but has been focused on finding the right college for him as he looks forward to this next chapter in his life.

It remains unclear if Barron has already chosen the college of his dreams.

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California State Treasurer Involved In FBI Investigation

California State Treasurer Involved In FBI Investigation

Donald Trump Bond Documents Raise Eyebrows: ‘Something’s Fishy Here’

Donald Trump Bond Documents Raise Eyebrows: ‘Something’s Fishy Here’

Ten doctors on FDA panel reviewing Abbott heart device had financial ties with company

Ten doctors on FDA panel reviewing Abbott heart device had financial ties with company

Washington state has passed lots of new gun laws. Could they be in legal trouble?

Washington state has passed lots of new gun laws. Could they be in legal trouble?

Georgia election bills seek to satisfy skeptical Republicans

Georgia election bills seek to satisfy skeptical Republicans

City-country mortality gap widens amid persistent holes in rural health care access

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Trump angry he may miss son Barron's graduation, campaign events. Then announces NC rally.

Barron Trump is the youngest of Trump five children and his only child with Melania Trump. He celebrated his 18th birthday on Wednesday, March 20.

Donald Trump complained Monday that he may not be able to go to his son Barron 's high school graduation ceremony due to the trial in New York, or campaign events or a key judicial proceeding for that matter.

But just hours later, the presumptive Republican presidential nominee's campaign announced he would hold a rally in Wilmington, N.C., this coming Saturday, April 20.

Nonetheless, Trump flared his anger at the Manhattan court case in remarks after Monday's proceedings concluded. Earlier in the day, the presiding judge, Juan Merchan, ruled that Trump will not be excused to attend arguments at the U.S. Supreme Court, and did not decide on his son's graduation ceremony next month.

"That I can't go to my son's graduation or that I can't go to the United States Supreme Court. That I'm not in Georgia, or Florida, or North Carolina campaigning like I should be," Trump said as he departed the Manhattan courtroom where jury selection began on Monday. "It's perfect for the radical left Democrats. It's exactly what they want."

The mention of the high court is a reference to next week's scheduled oral arguments on his claim that as president he enjoyed complete immunity from legal liability for any actions. It is an argument legal scholars have widely disparaged as unconstitutional.

The case filed against Trump in New York stems from what prosecutors say was a business fraud scheme to cover up an alleged hush money payment to a porn star in the weeks before the 2016 presidential election. Trump argues it is politically-manipulated to damage his 2024 White House campaign.

According to the timeline provided by the actress, Stormy Daniels, the alleged affair would have taken place when Barron was an infant.

Previous story: Chelsea Clinton defends Barron Trump after 'fair game' comment by Mike Sington

Which son was Trump referring to?

Trump has four other adult children: Donald Trump Jr., 46, Ivanka, 42, and Eric, 40, all with his first wife, Ivana, who passed away in July 2022. Trump also shares another adult daughter, Tiffany, 30, with his second wife, Marla Maples.

Barron Trump scheduled to graduate next month

In August of 2021, Barron enrolled at Oxbridge Academy, a fairly new school (founded in 2011) located off Military Trail just west of West Palm Beach, about eight miles from Mar-a-Lago. He is expected to graduate this May.

The Oxbridge Academy website lists graduation day as May 17, but does not specify a time. The former president owns a refurbished Boeing 757 in which he has flown across the country for rallies and presidential primary events this year.

Antonio Fins is a politics and business editor at  The Palm Beach Post , part of the USA TODAY Florida Network. You can reach him at  [email protected] .  Help support our journalism. Subscribe today .

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Biden seeks student debt relief for millions

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Sequoia Carrillo

masters then phd reddit

U.S. Education Secretary Miguel Cardona participates in an event at Dartmouth College in January. Steven Senne/AP hide caption

U.S. Education Secretary Miguel Cardona participates in an event at Dartmouth College in January.

The Biden administration unveiled a new set of plans on Monday that would eliminate student debt for millions of Americans. The administration says that, if fully implemented, it would bring the number of borrowers who've seen some or all of their debt forgiven during the president's term to more than 30 million.

The new plan, aiming to supplant an earlier version that was rejected by the U.S. Supreme Court in June , offers targeted relief to specific groups of borrowers, notably those who've carried debt for many years, and those struggling to make payments. And many borrowers, regardless of income, could see relief from high interest balances.

U.S. Education Secretary Miguel Cardona said the new proposals will fulfill a promise the president made while a candidate in 2020. The relief offered, he added, will mean "breathing room" for many borrowers. "It means freedom from feeling like your student loan bills compete with basic needs like grocery or health care."

Education Dept. fast-tracks forgiveness for borrowers with smaller student loans

The Student Loan Restart

Education dept. fast-tracks forgiveness for borrowers with smaller student loans.

The announcement spelled out efforts aimed at four groups of borrowers: those who owe more money than they did at the start of their repayment, borrowers who started paying more than 20 years ago, those already eligible for existing loan forgiveness or discharge programs but haven't yet applied, and borrowers facing economic hardship.

Addressing "runaway interest"

More than 25 million borrowers, the administration said, owe more in student loans now than they took out originally, due to what Cardona called "runaway interest." The first element of the new plan would allow any borrower, regardless of their income, to cancel up to $20,000 in interest.

In addition, low and middle-income borrowers who are enrolled in an income-driven repayment plan would have all of their interest forgiven. This group of borrowers includes single borrowers earning $120,000 or less a year, and married borrowers who make $240,000.

If the plans go through as proposed, there would be no application necessary.

The administration estimates that this proposal would forgive some interest balances for 25 million borrowers, with 23 million receiving full forgiveness on their interest. Currently, about 43 million Americans have some form of student loan debt.

Automatic discharge for eligible borrowers

Since Biden took office, several student loan programs have been revamped or re-negotiated to help ease borrowers' debt, though many still require borrowers to apply. (The programs can be dense, but NPR has previously reported on these programs and how to navigate them: including the SAVE program , public service loan forgiveness, and closed schools discharge .)

As the administration noted in its announcement, not every borrower who qualifies for these programs has applied, with more than 2 million eligible borrowers who have not done so.

Under the proposed plan, qualifying borrowers would no longer have to enroll to receive forgiveness. The Education Department plans to use use data it already has to identify those borrowers, and automatically credit their accounts.

Relief for long-time borrowers and those experiencing hardship

The new proposals would also help long-term borrowers. According to the Education Department, more than 2.5 million borrowers have carried student loan debt for more than two decades. Under the plan, borrowers carrying undergraduate debt would qualify for forgiveness if they started repayment on or before July 1, 2005. Borrowers with graduate school debt would qualify if they started repayment on or before the same date in 2000.

In keeping with the theme of these announcements, borrowers would not need to be enrolled in any plan to qualify. The relief would be automatic.

A separate component would help those experiencing economic hardship. Some of this relief would be also happen automatically – for example, if a borrower is at a high risk of defaulting on their student loans. Other relief would require an application. The administration says borrowers who are struggling with medical debt or child care could apply for this program, if it is implemented.

A new legal foothold for sweeping debt relief

The Biden administration has made multiple attempts at discharging student loan debt since taking office. Perhaps most notably in 2022: the president announced widespread relief of up to $20,000 for qualifying borrowers. Millions of borrowers filled out the form to opt-in to the program, but the project was put on hold due to legal challenges. The Supreme Court struck down that plan in June of 2023.

Biden cancels nearly $6 billion in student debt for public service workers

Biden cancels nearly $6 billion in student debt for public service workers

This new approach has been in the works for some time, as the Education Department has been undergoing what's called "negotiated rule-making" to develop a new avenue for debt relief since the original plan was overturned in June. They've been hearing from stakeholders, advocates, and critics in advance of this announcement.

It's expected the new proposals will take some time before eligible borrowers can begin to see their debt eliminated. The Education Department must gather public comment on the proposal before issuing a final version of its plan.

The plan will likely face legal challenges as well, though though the rulemaking process may put this effort on stronger legal ground than the first debt-relief plan.

IMAGES

  1. Masters Vs PhD: The Difference Between Masters & PhD/Doctorates 2024+

    masters then phd reddit

  2. Master's vs PhD/Doctorate Degrees

    masters then phd reddit

  3. Masters vs PhD: Which is Right For You?

    masters then phd reddit

  4. Darwiish Anwar: Difference Between Masters and PhD

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  5. Managing The Transition From Masters to PhD

    masters then phd reddit

  6. Difference between Master’s & PhD Dissertations

    masters then phd reddit

VIDEO

  1. What Purpose does Spiritual Knowledge Serve?

COMMENTS

  1. Should I get a Master's before a PhD? : r/GradSchool

    You generally earn a Master's in the first two years of a PhD program. They meant that the "Master's route" they laid out—getting a Master's first, then a PhD—would take longer than just getting a PhD. A Master's will allow you to skip early PhD classes in many STEM programs. The time will be about the same.

  2. Anyone else glad they did a masters before a phd (realized i ...

    Yup. I'm now a PhD student, and I'm quite glad I did my master's first. It gave me the time and opportunity to hone my skills before starting the PhD, which meant I was starting ahead of where people coming in straight from undergrad started. I got into a better school than I would have been able to without my improved writing sample, grades ...

  3. phd

    If #3 doesn't happen, then you have a better idea why you're doing a PhD. You know what you want to learn, why you want to learn it, and how that skill is going to be useful for you after you graduate. It's my observation that people who work first and then go to a PhD are much more likely to have thought seriously about why they're studying.

  4. Is a PhD/Masters worth it anymore? : r/careerguidance

    ADMIN MOD. Is a PhD/Masters worth it anymore? The average cost of a professional doctorate is about 50k per year. The average price of tuition and fees is 35k per year. Textbooks + housing and others can cost 20k per year. 105k a year, and takes 4-6 years to complete. The average salary of someone with a phd/masters is 60k-90k but ive seen ...

  5. Does a masters degree help completing PhD sooner?

    Mar 23, 2014 at 8:06. yes, but does people with masters degree complete their PhD's sooner.. - Ank. Mar 23, 2014 at 8:15. 6. Yes, you will probably complete the PhD a bit sooner. You'll have more research experience, and if continuing your research on the same or similar project, you'll already have experience in the field.

  6. Master's vs PhD

    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 ...

  7. Benefits of tacking on a Masters before MD/PhD

    Reaction score. 13. Jan 23, 2015. #5. For me, my two-year research-based Master's helped to waive 4 courses and allowed me to graduate with a PhD in 3.5 years. But you can argue that not doing the Master's would have saved two years of my life and that the PhD might have only taken another year.

  8. Master's First or Straight to PhD?

    In the United States, a Master's degree is not required for admission to most PhD programs. It is possible and not unusual to be admitted to a PhD program straight out of undergrad. The number of direct entry PhD programs has started to rise in Canada as well, though earning a Master's and then PhD is still more common.

  9. Should I Pursue A Master's or A Ph.D.?

    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 ...

  10. Upgrading from Masters to PhD

    I recently upgraded from my Masters by Research program to a PhD. A little while afterwards, I received this enquiry from a colleague: "I have a friend who wants to start a PhD, preferably with an Aussie university. He has done several years of fieldwork already but has no Masters, just an honours from a UK university.

  11. Masters vs PhD: Which is Right For You?

    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.

  12. Pros and Cons of Earning a Master's Degree Before a PhD

    Your PhD will likely take an additional 4 to 6 years after earning your master's degree. Con: A master's degree is usually unfunded. Many students find this a big con: Master's students usually do not receive much funding. Most master's programs are paid for out-of-pocket.

  13. Master's or PhD: Which One 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 ...

  14. Masters Vs PhD: The Difference Between Masters & PhD/Doctorates 2024+

    Because a PhD takes longer to complete, it usually costs more money. The flip side to this is that a PhD may yield a higher salary upon completion. Therefore it may be worth the increased cost long-term. Whichever graduate degree you decide to pursue, you'll have expenses, such as tuition, fees, books, and others.

  15. I wasted six years of my life getting a PhD degree. What should I do

    With a PhD in Chemistry, you don't have to be a great programmer. There are companies that will hire you to figure out some chemistry, and team you up with Comp Sci or Info Sys folks that will do all the coding and stuff for reports, data science, etc. If you don't like what you have a PhD in, then go figure out what you do like.

  16. Is it worth doing a master's or PhD?

    As we mentioned earlier, having a master's can boost your employability. This is often the case when it comes to graduate schemes. While there are some graduate schemes that accept grads with 2:2s, a lot will specify that they're only open to those with a 2:1 and above OR a postgraduate degree. Particularly if you received a 2:2 at uni, a ...

  17. Second Master's or PhD?

    Notes: (1) The tuition fee values for the second Master's is based on the average fees for an MSc. (2) The above table assumes a second Master's duration of 1 year and a PhD duration of 4 years. (3) The fees and durations are indicative - the exact values vary depending on the course and university. It's also important to bear in mind ...

  18. graduate school

    Faculty positions are few and far between and then you'll have to worry about getting funds/tenure. So unless you're highly motivated by research/academia you'll mostly be miserable. In the industry a PhD doesn't make much more then a Masters and significantly less than a MBA, so there is no financial justification.

  19. Johns Hopkins graduate programs again ranked among nation's best

    Johns Hopkins University has 38 graduate schools, academic programs, and specialties ranked among the top 10 in the nation, including nine with No. 1 rankings, according to the latest edition of "Best Graduate Schools" from U.S. News & World Report, published earlier today.. Two schools at Hopkins—the Bloomberg School of Public Health and the School of Nursing—earned No. 1 rankings overall ...

  20. Donald Trump says he can't go to son's high school graduation

    Donald Trump addressed the media and said he will have to miss his youngest son's high school graduation. On April 15, the former president was in court once again.

  21. Trump angry he may miss son Barron's graduation, campaign events. Then

    Donald Trump complained Monday that he may not be able to go to his son Barron's high school graduation ceremony due to the trial in New York, or campaign events or a key judicial proceeding for ...

  22. Biden seeks student debt relief for millions

    The announcement spelled out efforts aimed at four groups of borrowers: those who owe more money than they did at the start of their repayment, borrowers who started paying more than 20 years ago ...