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Top Master's Programs for Success

By Sarah Clark
Learning & Life Columnist

Master's degrees in education, business administration, and psychology have long been some of the most popular fields of study for graduate students. What makes them so appealing to so many students?

In short, these degrees offer opportunities in fields that many view as personally satisfying or materially rewarding. According to the Bureau of Labor Statistics, those with more education tend to find jobs more easily, earn higher wages, and secure pensions. With more expertise, you're also more likely to land a job that's specialized, and arguably, more interesting and challenging.

Education Careers

Take education, for instance. With a master's degree in education you can teach secondary students, but you can also work at a higher level, dealing with tough policy issues with the Department of Education or performing education-related research. You can also work as an administrator for a public or private school, implementing and overseeing new programs to enhance student achievement.

MBA Degrees

Nearly as many MBAs were conferred in 2001-02 as graduate education degrees, and it should come as little surprise. A Forbes survey of MBA graduates (representing graduates from 85 business schools who were five years out from their graduation) found that their average earnings were $106,000.

MBAs are also popular among mid-career professionals seeking a career change. It could serve as a giant stepping stone from a mid-level job to a position with more power and responsibility.

Opportunities in Psychology

Psychology is another popular graduate field of study. It can prepare you for a career as a counselor at a school or university or in the private sector, crafting professional and organizational development strategies for a corporation. You might work in a clinic or research institute, or, with your master's degree in psychology, you might even establish a private counseling practice.

Education is an investment in your quality of life and your personal satisfaction. It's also a way to improve your potential for enjoying a more enriching professional life.

Sources:

• U.S. Department of Labor Bureau of Labor Statistics

About the Author
Sarah Clark is a freelance writer specializing in career development and postsecondary education.

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