What Is a Master’s Degree? Everything You Need to Know
Updated on Dec 27, 2024 | 9 min read | 1.3k views
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Updated on Dec 27, 2024 | 9 min read | 1.3k views
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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!
Specializing in finance through an MBA can open doors to high-paying jobs and leadership roles. Learn how this degree can shape your career.
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.
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 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 |
Difference Between Leadership and Management
A master’s degree often teaches both leadership and management skills. Understand how these two concepts complement each other in your career growth.
If you’re thinking about applying for a master’s degree, here are the basic requirements:
Each program may have specific criteria, so always check the details before applying.
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:
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. |
Leadership skills are a key outcome of many master’s programs. Explore the best books that can help you sharpen those skills.
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.
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 |
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. |
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.
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!
Why Study at upGrad? Top 10 Reasons
upGrad’s programs are designed to make your master’s journey smoother, with flexible learning, real-world projects, and expert guidance.
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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