Earning a master's can have advantages for adults

Heading back to school for a graduate degree can bring a higher salary and more job opportunities.
Heading back to school for a graduate degree can bring a higher salary and more job opportunities.

There are many benefits that come with earning a master's degree, according to the Bureau of Labor Statistics (BLS). While some adults decide to return to school and earn this credential in order to advance in their current career, others pursue the degree in order to raise their salary or open doors to new positions.

The BLS reports that individuals who earn a bachelor's degree make about $53,300 per year, on average. With a master's degree, this salary increases to about $65,354 annually, a difference of about $12,000 per year.

Many jobs will not accept a candidate who does not have advanced credentials. According to the BLS, most librarians must have a master's degree in library science. Additionally, most medical and health service managers as well as top executives graduated from an advanced program.

As it is becoming more important to pursue higher education, many adults are finding the time to fit it into their lives, the Daily Commercial reports. One such individual is Sue Fagan of Florida. The 50-year-old has been in school since 1996, earning her associate's degree, then moving on to receive her bachelor's. Recently, Fagan also earned her master's of business administration (MBA) degree.

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