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Phd Vs. Master's: Which Degree Is Right For Me?

 

Many college students choose to go directly into the workforce once an undergraduate degree has been achieved, and others choose to continue their education by enrolling in graduate school. So, what type of degree is considered a graduate degree? Undergraduate degrees are associate and bachelor degrees.  Master's and Doctor of Philosophy (Ph.D.) degrees at the postgraduate level are graduate degrees. Graduate school can be costly and requires much time and dedication from the potential student. Any person considering this type of education must be informed of both options.

Potential students often do not understand the difference between these two types of postgraduate degrees offered at the University of California Merced. Both degrees require a bachelor's undergraduate degree. Both will also require acceptance into the graduate school containing general requirements and specific requirements depending on the student's field. Those are where the similarities of the two end. The differences are much more defined. 

Time

On average, a bachelor's degree will take four years to achieve. These four years are required for any postgraduate degree. Depending on the type of degree chosen, the second cycle degree will take approximately 2 to 6 years. How quickly the pupil intends to start their career will have to be taken into consideration. These lengthy-time constraints can be a detriment for many potential students. Most of the time, students going into graduate school are adults who need to begin their careers to support themselves and sometimes their families, and this amount of time may not be conducive to their plans.

Expenditure

Cost is one of the major considerations a potential student should account for. As of 2020, the average price of an undergraduate bachelor's degree for a public university in California is $1300 for an in-state student and $8000 for an out-of-state student. Private universities are more expensive, $20,000 regardless of the state of residence. On average, the second cycle degree or the master's can incur a cost of $17,000 for in-state upwards to $32,000 for out-of-state students per year. As discussed previously, the average master's degree takes approximately one to three years to obtain after the undergraduate degree has been obtained. To receive a Ph.D., the student must commit to approximately three to seven more years of education. One difference between a master’s degree and a Ph.D. degree at UC Merced is that 97% of all Ph.D. students are fully funded. Ph.D. students have their tuition and a living stipend covered through teaching assistant and research assistant positions and through fellowships.

Motive

What is the person's reasoning for wanting to achieve additional education? This can range from a larger salary, current or potential employment requirements, or career changes. Any of these reasons would be conducive to enrolling in a graduate program, specifically the master's degree program. This postgraduate degree is most beneficial to those already in the workforce looking to excel in their careers or change careers. There are times that companies will hire within but want a more advanced degree, so the person will seek out the degree to obtain a higher position. There are also times in which a person has a goal to change his or her career path. They may already have an undergraduate degree and decide to seek a higher education degree to change their careers. The reasons for entering the Ph.D. program can be much more specific. Most students enter this type of education or want to teach or provide some other way to advance the field further. 

The Learning Process

The learning process for each degree is very different. The master's program uses the undergraduate degree knowledge and puts it into practical formats and applications. The year(s) spent in this will consist of book study and in-person or online classes taught by professors. It will have work that will be graded and those grades recorded. Projects, including group projects, will make up the bulk of the study. A capstone course will also be required to accumulate all things learned into a practical application project, usually completed as a group. The Ph.D., on the other hand, is made up primarily of research. There may be classes involved with professors, but the bulk of the time will be used to complete a lengthy publishable research thesis. This type of education requires much time, and students can often not work full-time jobs and seek this degree. 

Once students have decided to further their education into graduate programs, they should thoroughly research how far they would like the instruction to reach. Are they wanting to get into the workforce while striving to obtain the degree? If so, then the master's is most likely the correct choice. Do they want the prestige that comes with the word Dr. in front of their name? Or perhaps they are striving to be an expert in a particular field? If this is the case, then the Ph.D. is the correct choice. Whichever choice is made, the acceptance and understanding of the time, money, and effort involved is a must. For more information on the types of degrees available, visit https://graduatedivision.ucmerced.edu/about/graddiv today.