You don't need a Master's degree to succeed in the workplace, what you need is an understanding of what to do with that Master's.
Hi everyone,
Can you believe that I lost my voice this week? Yes, I have been somewhat sickly all week and the week before. In the midst of it all, I have to study for a module assessment of my BPS induction program courtesy of my Master's degree. And I'm thinking, this Master's has cost me money and time, and I have to pay another ~$2,500 for my CIPD Experienced Professional assessment. Wow! I find many professionals who ask me if they should get a Master's degree, and the quote above is what I always share - a mentor originally shared it during a webinar.
Let's about learning & development—fun fact: This makes up 70% of my job role & function. I spend my day-to-day advising professionals from emerging markets and underrepresented backgrounds about designing a successful learning & development plan. While it might seem as though I have designed mine, I still have to struggle with the weight of my decisions which means I have to spend money on growth and invest time that I barely have. However, these tips below will come in handy when asking yourself what the next course of action is for your career.
Have you found your WHY?: This is an essential question for anyone trying to enrol in a Master's program. Why do you want it? What does it help you achieve? Why the chosen course in particular? How can you ensure you see it through, and how would you measure success? Without your WHY, you will not know how a Master's degree can impact your career, and there would be no return on investment.
Can you afford a Master's?: it's essential to figure out if we have the time and money to get one. Consider if you can afford to not work for the duration of the program or if you can afford to combine work and the program. Always consider distance learning opportunities if you need to work and study. Consider payment options, instalments and student loans as well. Don't limit yourself to a traditional full-time Master's program.
An MBA or some other degree?: When thinking about a Master's program, ask yourself what your career needs at the moment and what you're looking to achieve. An MBA is great if you're targeting work in a professional services firm or if you're interested in working in a business management capacity and growing into an executive-level at high profile companies. MBAs are also very strategic because you can decide to have them much later in your career. After all, they provide solid networking opportunities (if they're at a prestigious school and you're going in full-time). Don't waste a full-time Ivy League MBA by going in too quickly after college. They'll serve you more mid-career. Not everyone needs an MBA; consider other relevant Master's programs that are helpful to your career path, progress and field. Do not get stuck up on the need to get an MBA. It's not compulsory, please.
Certifications: These are not required to build a strategic global career but are very helpful. They increase the organisation's ability to take a chance on you, especially in the following situations.
New career: when you're starting a new career straight out of college or probably from running a business or freelancing, earning a certification is like receiving an endorsement that reduces the risks organisations may face in hiring you. It also helps you grow faster.
Career transitions: when you're moving into a different field or path, certifications help give you an edge that provides employers with confidence in your ability and skills.
Professional development: Seeking a promotion or looking for a new job? Certifications come in really handy, especially when there's a reward system for completing certifications at your organisation.
Professional associations: most certifications give you points for your professional association memberships. This can be applied to different associations, so find out yours and the benefits.
Short courses: You don't necessarily need to get a Master's degree if a short course solves the problem. You don't need to get a Master's in computer science if you need to learn software development. Master's degrees are relevant for specific fields and career paths. I'd also advise that you focus more on short courses and certifications in the first 3-5 years of your career. Getting a mid-career Master's is more rewarding than people give it credit. The only problem might be an inability to focus on it full-time. However, if you have the opportunity and sponsorship to get a Master's degree right after college, please go for it. Never waste opportunities to invest in yourself.
I love talking about learning & development and how they impact our lives and careers but also curious to know if you're struggling with any major career decisions at the moment. So write to me by replying to this email, and I'll give the advice that I can.
Remember to connect with our career coaching Whatsapp group to prepare for an upcoming career strategy masterclass.
xoxo
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