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What Is a Master’s Degree? Everything You Need to Know

What Is a Master’s Degree? Everything You Need to Know

Q: 4. How do I choose between a professional and an academic master’s degree?

Professional Master’s: Focuses on skills for the job market, like an MBA or a Master’s in Product Design.Academic Master’s: Focuses on research and theoretical knowledge, like a Master’s in Physics or History.

Q: 5. What entrance exams are commonly required for master’s degrees in India?

Popular entrance exams include:CAT for management courses.GATE for engineering programs.GRE and GMAT for international or specific programs.CEED for design courses.

Q: 7. What are the key challenges students face during a master’s program?

Balancing coursework and personal life.Managing finances for tuition and living expenses.Staying motivated during intensive study periods.

Q: 10. What should I include in a statement of purpose for master’s degree applications?

Your statement of purpose should highlight:Your background and experience.Why you want to join the program.Your career goals and how the program will help achieve them.

Updated on 27 December, 2024

1.25K+ views

• 9 min read

upGrad

Table of Contents

What Is a Master’s Degree?
Types of Master’s Degrees
How Long Does It Take to Complete a Master’s Degree?
Eligibility Requirements for a Master’s Degree
Why Pursue a Master’s Degree?
What Does It Cost to Get a Master’s Degree?
Career Opportunities with a Master’s Degree
Online vs. On-Campus Master’s Degrees: Which Is Right for You?

Did you know people with a master’s degree often earn 20-25% more than those with a bachelor’s degree? That’s one of the reasons why so many professionals choose to pursue a master’s.

A master’s degree can help you grow in your career, learn advanced skills, and stand out in the job market. It’s a chance to specialize in a subject you love and open doors to better opportunities. But, what is a master’s degree? Keep reading to find out!

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What Is a Master’s Degree?

Do you want to specialize in your field or take your career to the next level? A master’s degree is the perfect way to do that. It’s an advanced program you can join after finishing your bachelor’s degree.

Why Consider a Master’s Degree?

Grow Your Career: A master’s degree helps you qualify for better jobs and higher positions.
Specialize in Your Field: Focus on one area and gain deeper knowledge.
Research Opportunities: Some programs let you work on research projects and discover new ideas.

Key Facts About Master’s Degrees

Two Types:
- Professional Degrees: For jobs (e.g., MBA, MTech).
- Academic Degrees: For deep subject study (e.g., MA, MSc).
Flexible Study Options: You can study full-time, part-time, or online.
Duration: Most programs take 1-2 years to complete.
Offered Across India: Many top universities and institutes provide these programs.

Types of Master’s Degrees

There’s a master’s degree in almost every field of interest. Whether you’re passionate about business, science, arts, or social work, there’s a program that can help you grow and specialize.

Degree	Field of Study	Purpose
Master of Arts (MA)	Humanities, Languages, Social Sciences	For careers in teaching, research, or creative fields.
Master of Science (MSc)	Sciences (Physics, Chemistry, Biology, etc.)	For careers in research, labs, and specialized technical roles.
Master of Business Administration (MBA)	Business, Management, Marketing	For leadership and management roles in various industries.
Master of Technology (MTech)	Engineering, Technology	For advanced technical expertise in engineering fields.
Master of Education (M.Ed.)	Education, Teaching Methods	For careers in education, school administration, or curriculum design.
Master of Laws (LLM)	Law, Legal Studies	For specialized careers in law and legal advisory roles.
Master of Fine Arts (MFA)	Arts, Design, Performing Arts	For creative roles in design, media, and fine arts.
Master of Computer Applications (MCA)	Computer Science, IT	For careers in software development, IT management, or programming.
Master of Social Work (MSW)	Social Work, Community Development	For roles in NGOs, social welfare, and community services.
Master of Philosophy (MPhil)	Research, Academic Studies	A stepping stone to a PhD or for research-based careers.

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How Long Does It Take to Complete a Master’s Degree?

How much time you’ll need for a master’s degree depends on the course and whether you study full-time or part-time. In India, most full-time master’s programs take 1 to 2 years, while part-time options take a little longer but offer more flexibility, especially if you’re working.

Here’s a simple overview:

Type of Master’s Degree	Full-Time Duration	Part-Time Duration
Master of Arts (MA)	2 years	3-4 years
Master of Science (MSc)	2 years	3-4 years
Master of Business Administration (MBA)	2 years	3-5 years
Master of Technology (MTech)	2 years	3-4 years
Master of Education (M.Ed.)	1-2 years	2-3 years
Master of Laws (LLM)	1-2 years	2-3 years
Master of Fine Arts (MFA)	2 years	3-4 years
Master of Computer Applications (MCA)	2-3 years	3-5 years
Master of Social Work (MSW)	2 years	3-4 years
Master of Philosophy (MPhil)	1 year	2 years

Things to Keep in Mind

Full-time programs: Faster to complete but require more commitment.
Part-time programs: Ideal if you’re working, with more time to finish.
Some programs, like MPhil or LLM, can be completed in just a year.

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A master’s degree often teaches both leadership and management skills. Understand how these two concepts complement each other in your career growth.

Eligibility Requirements for a Master’s Degree

If you’re thinking about applying for a master’s degree, here are the basic requirements:

General Eligibility

Bachelor’s Degree: You need a bachelor’s degree in a related or relevant field. For example, an engineering degree for MTech or a commerce degree for MBA.
Minimum Marks: Most programs require a certain percentage or GPA (usually 50% or above).
Entrance Exams: Some programs need you to clear specific exams, such as:
- CAT for MBA.
- GATE for MTech.
- CEED for design courses.
Supporting Documents: Be ready with these:
- Academic transcripts.
- Statement of purpose (SOP) explaining why you’re applying.
- Recommendation letters from professors or employers.

Each program may have specific criteria, so always check the details before applying.

Why Pursue a Master’s Degree?

Is a master’s degree worth it? The answer is yes if you’re looking to grow professionally or academically. Here are some key reasons why people choose to pursue one:

Key Benefits

Advance Your Career: Specialize in your field to qualify for leadership or expert roles.
Higher Earning Potential: A master’s degree often leads to better-paying jobs.
Gain Expertise: Perfect for those who want to go into research or teaching.
Stand Out in Competitive Job Markets: Employers value advanced qualifications, especially in fields like management, technology, or law.
Switch Careers: If you want to move into a new field, like shifting from engineering to business, a master’s degree helps bridge the gap

What Does It Cost to Get a Master’s Degree?

The cost of a master’s degree in India includes tuition fees, exam costs, study materials, and living expenses. It varies by program and university but is manageable with financial assistance options.

Expense Type	Average Cost (in INR)	Financial Aid Options
Tuition Fees	₹50,000 - ₹2,00,000 per year	Scholarships, merit-based discounts, employer-sponsored programs.
Entrance Exam Fees	₹1,500 - ₹3,000 (per exam)	Fee waivers for reserved categories, government exam assistance.
Study Materials	₹10,000 - ₹30,000 (total)	Library resources, e-books, second-hand materials.
Accommodation & Living	₹50,000 - ₹1,50,000 per year	Hostel facilities, student loans covering living expenses.
Miscellaneous (travel, projects)	₹10,000 - ₹25,000 (per year)	Subsidized project resources from universities.

Financial Assistance Options

Scholarships: Many universities offer scholarships based on merit or financial need.
Education Loans: Banks and financial institutions provide loans with low interest rates for master’s degrees.
Government Schemes: Programs like the National Scholarship Portal (NSP) support students financially.

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Career Opportunities with a Master’s Degree

A master’s degree can lead to better jobs, higher salaries, and roles in top industries. Graduates with advanced skills and knowledge are in demand across various sectors.

Top Industries Hiring Master’s Degree Graduates

IT and Software Development
- Common Roles: Software Developer, Data Scientist, Product Manager.
- Companies: TCS, Infosys, Wipro.
Healthcare and Pharmaceuticals
- Common Roles: Clinical Researcher, Healthcare Consultant, Biotechnologist.
- Companies: Cipla, Dr. Reddy’s, Apollo Hospitals.
Finance and Banking
- Common Roles: Financial Analyst, Investment Banker, Risk Manager.
- Companies: HDFC, ICICI, Goldman Sachs.
Education and Research
- Common Roles: Lecturer, Academic Researcher, Curriculum Developer.
- Institutions: IITs, IIMs, research organizations.
Media and Communication
- Common Roles: Content Strategist, Brand Manager, Public Relations Specialist.
- Companies: Times Group, Ogilvy, Viacom18.

Salary Insights

Industry	Common Roles	Average Salary Range (in INR)
IT and Software	Data Scientist, Product Manager	₹8,00,000 - ₹20,00,000 per year
Healthcare	Clinical Researcher, Healthcare Consultant	₹6,00,000 - ₹15,00,000 per year
Finance	Financial Analyst, Investment Banker	₹7,00,000 - ₹25,00,000 per year
Education	Lecturer, Academic Researcher	₹4,00,000 - ₹12,00,000 per year
Media and Communication	Brand Manager, PR Specialist	₹5,00,000 - ₹15,00,000 per year

Online vs. On-Campus Master’s Degrees: Which Is Right for You?

Trying to decide between an online or on-campus master’s degree? It all depends on your lifestyle and goals. Let’s make it simple:

Feature	Online Master’s Degree	On-Campus Master’s Degree
Flexibility	Study anytime, anywhere. Perfect if you’re working.	Fixed schedules with in-person classes.
Cost	More affordable. No need to spend on travel or relocation.	Higher fees, including living and travel costs.
Networking Opportunities	Connect with peers and experts online.	Meet classmates and professors face-to-face.
Learning Style	Recorded lectures, online tools, and global resources.	Hands-on, in-person lab work and discussions.
Who It’s For	Great for working professionals or those with busy schedules.	Ideal if you prefer a structured classroom setup.

Why Choose an Online Master’s Degree?

Work and Study Together: No need to leave your job or relocate.
Save Costs: Affordable fees, no extra expenses for travel or accommodation.
Global Learning: Learn from top universities without leaving home.
Career Focused: Programs designed to give you job-ready skills.

How upGrad Makes Online Master’s Degrees Easy

At upGrad, we make learning simple, flexible, and career-focused. Our online master’s programs are built to fit your life while helping you reach your goals.

What You Get with upGrad:

Global University Partnerships: Study programs from Liverpool John Moores University, Drexel University, and more.
Career Support: Get help with resume building, mock interviews, and job placements.
Flexibility: Learn at your own pace with recorded lectures and interactive sessions.
Personalized Mentorship: Industry experts and experienced faculty guide you throughout the program.

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Why Wait? Start Your Journey Today

Whether you want to switch careers, grow in your current role, or specialize in a field, upGrad has the perfect program for you.

Talk to our counselors today and find the right course for your goals!

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Frequently Asked Questions (FAQs)

1. Can I pursue a master’s degree in a field unrelated to my bachelor’s degree?

Yes, many programs allow you to switch fields, especially if you have relevant experience or a strong interest. For example, engineers often pursue MBAs or design enthusiasts transition into product management.

2. What are the benefits of part-time master’s programs?

Part-time programs let you work while studying, offering flexibility. They’re great for professionals looking to upskill without leaving their jobs.

3. Are scholarships available for master’s degree students in India?

Yes, many institutions and government bodies offer scholarships based on merit or financial need. For instance, IITs and IIMs often provide scholarships for eligible students.

4. How do I choose between a professional and an academic master’s degree?

Professional Master’s: Focuses on skills for the job market, like an MBA or a Master’s in Product Design.
Academic Master’s: Focuses on research and theoretical knowledge, like a Master’s in Physics or History.

5. What entrance exams are commonly required for master’s degrees in India?

Popular entrance exams include:

CAT for management courses.
GATE for engineering programs.
GRE and GMAT for international or specific programs.
CEED for design courses.

6. Can I work while pursuing a full-time master’s degree?

It’s possible but challenging. Look for programs with evening or weekend classes if you plan to work. Some internships within the program may also help you earn while learning.

7. What are the key challenges students face during a master’s program?

Balancing coursework and personal life.
Managing finances for tuition and living expenses.
Staying motivated during intensive study periods.

8. Are online master’s degrees as valuable as on-campus ones?

Yes, if the program is from a recognized institution. Online degrees like those from upGrad or eCornell are highly respected, especially for working professionals.

9. How can I identify the best master’s program for my career goals?

Look at the curriculum and ensure it aligns with your goals.
Check placement records and alumni reviews.
Consider programs offering internships or industry exposure.

10. What should I include in a statement of purpose for master’s degree applications?

Your statement of purpose should highlight:

Your background and experience.
Why you want to join the program.
Your career goals and how the program will help achieve them.

11. Is a master’s degree necessary for leadership roles in most industries?

While not always mandatory, a master’s degree like an MBA or a specialized master’s can give you an edge for leadership roles. It shows expertise and dedication to professional growth.

Source:

https://www.nu.edu/blog/masters-degree-statistics/
https://www.studyindia.com/cost-of-studying
https://jam2025.iitd.ac.in/fee.php
https://www.numbeo.com/cost-of-living/country_result.jsp?country=India
https://www.glassdoor.co.in/Salaries/software-engineer-salary-SRCH_KO0,17.htm
https://www.glassdoor.co.in/Salaries/healthcare-associate-salary-SRCH_KO0,20.htm
https://www.glassdoor.co.in/Salaries/finance-salary-SRCH_KO0,7.htm
https://www.glassdoor.co.in/Salaries/master-teacher-salary-SRCH_KO0,14.htm
https://www.glassdoor.co.in/Salaries/media-and-communication-salary-SRCH_KO0,23.htm

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