graduate program after phd

• PhD Careers: What to Do After a PhD?

Deciding what to do after your PhD can be daunting. Whether you're contemplating a career in academia or considering opportunities outside it, you have numerous paths to explore. Completing a PhD is a significant personal and professional achievement, but it's often just the beginning of your journey. The world brims with opportunities for those ready to take the next step, and understanding these paths can help alleviate the uncertainty and stress that many new PhDs face.

In this comprehensive guide, we'll look into varied career avenues, including academic roles and alternative options in various industries. By the end of this article, you should have a clearer understanding of your prospects and be better prepared to make informed decisions about your future.

To help you make the best decision, we also have guides on PhD employability and earnings , and how you can decide if PhD study is worth it .

We've answered some of the most frequently asked questions about PhDs, covering course types, applications, funding and the benefits of further study.

Will a PhD help you get a job or earn a better salary? We look at what starting salary you could get after a PhD in the UK.

Everything you need to know about part-time and full-time work as a student or recent graduate in the USA.

Everything you need to know about part-time and full-time work in Germany as a student or recent graduate in Germany.

Academic careers

If you’re inclined towards academia, you're aspiring to join the ranks of researchers focused on advancing knowledge and educating the next generation. Academic careers are prestigious and intellectually rewarding but often demand a blend of teaching, research, and administrative duties. Your work can shape future generations and contribute to groundbreaking discoveries.

Academic roles and responsibilities

Academics primarily work in universities but can also be found in government-funded research institutes and cultural heritage sites. The core objective is to produce original research while often engaging in teaching and administrative duties.

As an academic, you’ll be expected to publish your research findings, supervise students, and contribute to your academic community through various service roles.

How much do academics earn?

According to official data produced by HESA, in 2021-22 most full-time academics employed by a university in the UK were salaried between £47,419 to £63,668 . The second largest salary range, with just over 33% of academics falling into, was £35,326 to £47,419.

Salaries also vary by department. For example, those in Biological, Mathematical, and Physical Sciences earn between £34,000 and £45,000 , while Humanities and Archaeology academics often earn over £45,000 . These figures showcase the range of earning potential, influenced by experience, field of study, and institutional funding.

Pathways to academia

To become an academic in the UK, a doctoral degree is increasingly essential. Generally, you will need at least an upper second-class undergraduate degree, often followed by a Master’s degree. After your PhD, two main pathways lead to permanent positions:

• Teaching Route : Starting with part-time teaching roles can make you competitive for research or teaching fellowships and eventually, permanent lecture positions. These roles often involve a mix of undergraduate and postgraduate teaching, curriculum development, and sometimes even student advisory responsibilities
• Research Route : Alternatively, you could apply for post-doctoral positions (postdocs) to gain valuable experience. Postdocs are temporary research roles typically lasting 1-4 years, under the supervision of an established academic. These positions help strengthen your research profile and often provide opportunities for publishing papers and attending conferences.

Candidates are not always expected to have completed a fellowship to apply for a lectureship. These roles can be obtained after completing a postdoc or teaching experience.

Postdocs and fellowships

Postdocs are excellent for building research and teaching experience. Fellowships, on the other hand, are more competitive and prestigious, allowing you to undertake your own research project—sometimes leading to a permanent role. Fellowships can be a crucial stepping stone to further academic opportunities, offering funding and resources to focus intensely on your research.

Though not mandatory, completing a postdoc or fellowship significantly boosts your employability in academia. These temporary roles help you gain the experience needed to secure permanent positions and build a network within the academic community. Networking is vital, as academic positions are often filled through a combination of formal applications and personal connections.

What is a postdoc?

A postdoc is a temporary funded research position at a university or in industry. Postdocs work under the supervision of a research group or established academic and are considered an employee, unlike PhD students. Some roles will include teaching responsibilities and assistant supervisory roles to students. Responsibilities will also include grant writing, funding applications and administrative duties.

Sometimes postdocs can be referred to as Postdoctoral Research Assistants or Postdoctoral Research Fellows. A postdoc, however, is not the same as a fellowship.

What is a fellowship?

Research fellowships are competitive and prestigious positions. Unlike postdocs, you will be funded to complete your own research project. Some positions will also guarantee a permanent academic role after completion. To successfully achieve a fellowship, you’ll need an interesting and viable research project, a history of academic excellence, and experience in writing successful funding or grant applications.

The other type is a teaching fellowship . These roles are not always for early career academics and will be offered to senior researchers so make sure you check the job description.

Do you need a postdoc or fellowship to work in academia?

Technically you do not need to have completed a postdoc or fellowship to work in academia, but it is becoming increasingly expected.

Employment in academia is more competitive each year as the number of PhDs rewarded is increasing, whereas the available permanent academic positions are not. The experience gained from completing one or more temporary positions can help you increase the competitiveness of your CV, make connections and build a positive reputation within the academic community.

Permanent positions

To secure a permanent role, you'll generally start with a lectureship, an entry-level position requiring teaching, research, and administrative duties. After successfully navigating a probationary period (usually three to four years), you might be promoted to Senior Lecturer, Reader, or even Professor, based on the evidence of your contributions and progression. Each upward step typically brings higher responsibilities, leadership opportunities, and an increase in salary.

In the UK, tenure, as understood in North America, doesn't typically apply. However, academics in permanent roles receive standard employment protections. Instead of tenure, UK academics undergo periodic reviews to ensure continued performance and contribution to the institution.

Non-academic careers

Choosing to step outside academia after your PhD opens numerous opportunities. According to the Higher Education Policy Institute (HEPI), over 70% of PhD holders are not working in academia three and a half years after their graduation. This statistic highlights the diverse range of career paths available to PhDs outside of the traditional academic route.

Transferable skills

A PhD equips you with a range of transferable skills that are highly valued in various industries. From analytical thinking and project management to excellent written communication, your PhD experience sets you apart from Bachelors and Masters graduates. Skills such as problem-solving, data analysis, and independent research can make you an attractive candidate in many fields.

Industry examples

Here's how your PhD can translate into various industries:

• A PhD in the Arts and Humanities demonstrates excellent written communication, presentation skills, creativity and analytical thinking. You may be suited to work for jobs in the Publishing industry , Digital Marketing or Civil Service .
• A PhD in Biological and Medical Sciences builds specialist subject knowledge, data proficiency and collaborative skills. This will compliment work in industries such as Pharmaceuticals , Genomics or Clinical Care .
• A PhD in Business and Finance will help build organisational and data experience that could benefit careers in Accountancy , Data Science or Consultancy .
• A PhD in Chemical Sciences will provide you with laboratory skills and an advanced understanding of chemistry needed to benefit jobs in Chemical Engineering , Industrial Chemistry and Food Technology .
• A PhD in Earth Sciences could set graduates up for careers in Construction , Environmental Protection or Mineral Surveying , utilising analytical skills and strong subject knowledge.
• PhDs in Engineering have a strong emphasis on project management and practical construction. This could aid jobs in Management Consultancy and Finance as well as more practical fields such as Aeronautics .
• The specialist knowledge gained from a PhD in Law can enable students to comfortably enter industries such as Investment . Additionally, soft skills gained in communication will help in careers such as Teaching or Public Engagement .
• A PhD in Maths and Computing could benefit jobs in Finance , Investment or Web Development , complimenting skills in logic, problem solving and data.
• A PhD in the Physical Sciences demonstrates experience with software and data. This could set graduates up to work in Software Engineering , Data Science or even Sound Engineering .
• A PhD in Social Science and Health requires a deep understanding of human society on a macro or micro level. Graduates may find themselves working in Epidemiology , Public Health or Social Work .

You may be inclined to apply for jobs relating to the subject of your research or previous studies. But a PhD is a versatile enough qualification that you can often look outside your discipline area.

Making the transition

You should invest some time during your PhD for personal and professional development (this is true if you want to stay in academia too!).

Even if you attend none of the formal training courses offered by your department, your PhD itself will provide you with many skills. When leaving academia, you'll need to translate your skills so they make sense to the industry and commercial employers. Think outside the box and take stock of what you are good at or have experience in.

Some translation examples include:

• The dissertation shows you're capable of presenting and organising large amounts of information.
• Having published papers shows you can communicate information across a range of formats.
• If you did interviews for your PhD project, you might graduate with skills in questionnaire design, sensitivity and data analysis.

There’s always a way to link your academic experience to the commercial world. Be prepared to do this in any upcoming job interviews.

It’s also a good idea to move away from the long, multiple page academic CV that you might be used to. Employers won’t read them. They also won’t be interested in scanning a lengthy list of articles. Instead, you should mention that you’ve had several publications without detailing every instance.

Want to find out more about PhD careers?

Check out our guide to PhD employability and earnings . Then, head to our course listings to find your perfect PhD opportunity .

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• Applying to graduate school
• Master’s vs PhD | A Complete Guide to the Differences

Master's vs PhD | A Complete Guide to the Differences

Published on November 27, 2020 by Lauren Thomas . Revised on May 10, 2024.

The two most common types of graduate degrees are master’s and doctoral degrees:

• A master’s is a 1–2 year degree that can prepare you for a multitude of careers.
• A PhD, or doctoral degree, takes 3–7 years to complete (depending on the country) and prepares you for a career in academic research.

A master’s is also the necessary first step to a PhD. In the US, the master’s is built into PhD programs, while in most other countries, a separate master’s degree is required before applying for PhDs.

Master’s are far more common than PhDs. In the US, 24 million people have master’s or professional degrees, whereas only 4.5 million have doctorates.

Table of contents

Master’s vs phd at a glance, which is right for you, length of time required, career prospects, costs and salaries, application process, other interesting articles, frequently asked questions about master's and phd degrees.

The table below shows the key differences between the two.

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A PhD is right for you if:

• Your goal is to become a professor at a university or some other type of professional researcher.
• You love research and are passionate about discovering the answer to a particular question.
• You are willing to spend years pursuing your research even if you have to put up with a lot of dead ends and roadblocks.

A master’s degree is the better choice if any of the following apply:

• You want to continue studies in your field, but you’re not committed to a career as a professional researcher.
• You want to develop professional skills for a specific career.
• You are willing to pay a higher upfront cost if it means finishing with your degree (and thus being able to work) much faster.
• You want the option to study part-time while working.

The length of time required to complete a PhD or master’s degree varies. Unsurprisingly, PhDs take much longer, usually between 3–7 years. Master’s degrees are usually only 1–2 years.

Length of a master’s

Master’s degrees are usually 2 years, although 1-year master’s degrees also exist, mainly in the UK.

Most of the degree consists of classes and coursework, although many master’s programs include an intensive, semester-long master’s thesis or capstone project in which students bring together all they’ve learned to produce an original piece of work.

Length of a PhD

In the US, a PhD usually takes between 5 and 7 years to complete. The first 2 years are spent on coursework. Students, even those who choose to leave without finishing the program, usually receive a master’s degree at this point.

The next 3–5 years are spent preparing a dissertation —a lengthy piece of writing based on independent research, which aims to make a significant original contribution to one’s field.

Master’s degrees tend to prepare you for a career outside of academia, while PhDs are designed to lead to a career in research.

Careers for master’s graduates

There are two types of master’s degrees: terminal and research-intensive. The career prospects are different for each.

Terminal master’s degrees are intended to prepare students for careers outside of academia. Some degrees, known as professional degrees, specifically prepare students for particular professions; these include the Master of Public Policy (MPP), Master of Business Administration (MBA), Doctor of Physical Therapy (DPT), Master of Fine Arts (MFA), and Master of Public Health (MPH) degrees.

Other master’s degrees, usually Master of Arts (MA) or Master of Sciences (MS or MSc) degrees, do not necessarily lead to a specific career, but are intended to be a final degree. Examples include an MS in Communications or MS in Data Analytics.

In research-intensive master’s programs, students take coursework intended to prepare them for writing an original piece of research known as the master’s thesis . Such programs are usually intended to prepare for further study in a doctoral program.

Careers for PhD graduates

As research degrees, PhDs are usually intended to lead to an academic career. A PhD can be thought of like an apprenticeship, where students learn from professional researchers (academics) how to produce their own research.

Most students aspire to become a university professor upon the completion of their degree. However, careers in academia are highly competitive, and the skills learned in a doctoral program often lend themselves well to other types of careers.

Some graduates who find they prefer teaching to producing research go on to be teachers at liberal arts colleges or even secondary schools. Others work in research-intensive careers in the government, private sector, or at think tanks.

Below are a few examples of specific fields and non-academic careers that are common destinations of graduates of those fields.

• Computer Science
• Lab Sciences

Many government jobs, including economists at a country’s central bank, are research-intensive and require a PhD. Think tanks also hire economists to carry out independent research.

In the private sector, economic consulting and technology firms frequently hire PhDs to solve real-world problems that require complex mathematical modeling.

Graduate students from the humanities are sometimes hired by museums, who can make use of their research and writing skills to curate exhibits and run public outreach.

Humanities PhDs are often well-suited to research and grant-writing roles at nonprofits. Since so much of research is funded by grants, PhD students often gain a lot of experience applying for them, which is a useful skill in the nonprofit sector.

There are a wide range of non-academic research jobs for lab scientists with doctorates in subjects like chemistry, biology, ecology and physics.

Many PhD graduates are hired by pharmaceutical companies that need to perform research to create and test their products. Government agencies, such as the Environmental Protection Agency (EPA), also hire lab scientists to work on research projects.

Job prospects after graduation vary widely based on the field. In fields like management, computer science, statistics, and economics, there’s little underemployment—even graduates from less well-known programs can easily find jobs that pay well and use the skills they’ve gained from the PhD.

However, in other fields, particularly in the humanities, many PhD graduates have difficulty in the job market. Unfortunately, there are far more PhD graduates than assistant professor roles, so many instead take on part-time and low-paid roles as adjunct instructors. Even non-academic careers can sometimes be difficult for PhDs to move into, as they may be seen as “overqualified”  or as lacking in relevant professional experience.

Because career options post-PhD vary so much, you should take the time to figure out what the career prospects are in your field. Doctoral programs often have detailed “placement” records online in which they list the career outcomes of their graduates immediately upon leaving the program. If you can’t find these records, contact the program and ask for them—placement information should play an important role in your choice of PhD program.

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Although PhDs take far longer to complete, students often receive a living stipend in exchange for being a teaching or research assistant. Master’s degrees are shorter but less likely to be funded.

Both master’s degrees and PhDs lead to increased salaries upon graduation. While PhDs usually earn a bit more than those with a master’s degree, in some fields, the wages are identical, meaning that no financial benefit is gained from going on to a PhD.

Cost of a master’s

The upfront cost of a master’s degree is usually higher than a doctoral degree due to the lower amount of financial aid available. However, increased salaries also arrive faster than with a doctoral degree, because people graduate much earlier from a master’s program.

Some master’s students do receive stipends for their degrees, usually as compensation for being a teaching or research assistant. In addition, many people complete master’s degrees part time while working full-time, which allows them to fund their living costs as well as tuition.

The cost varies significantly by school and program. Public schools are usually cheaper than private ones. Some master’s degrees, such as MBAs, are notoriously expensive, but also result in much higher wages afterwards that make up for the high cost.

The master’s wage premium , or the extra amount that someone with a master’s degree makes than someone with just a high school diploma, is 23% on average. Many universities provide detailed statistics on the career and salary outcomes of their students. If they do not have this online, you should feel free to contact an administrator of the program and ask.

Cost of a PhD

PhDs, particularly outside the humanities, are usually (though not always) funded, meaning that tuition fees are fully waived and students receive a small living stipend. During the last 3–5 years of a PhD, after finishing their coursework (and sometimes before), students are usually expected to work as graduate instructors or research assistants in exchange for the stipend.

Sometimes students can apply for a fellowship (such as the National Science Foundation Graduate Research Program in the United States) that relieves them of any obligations to be a teaching or research assistant. Doctoral programs in the US tend to be better funded than in the rest of the world.

Sometimes, PhD degrees can be completed part-time, but this is rare. Students are usually expected to devote at least 40 hours a week to their research and work as teaching or research assistants.

The main cost of doctoral programs comes in the form of opportunity cost—all the years that students could be working a regular, full-time job, which usually pays much better than a graduate school stipend.

The average wage premium for PhDs is 26%, which is not much higher than the master’s degree premium.

In the US, the application process is similar for master’s and PhD programs. Both will generally ask for:

• At least one application essay, often called a personal statement or statement of purpose .
• Letters of recommendation .
• A resume or CV .
• Transcripts.
• Writing samples.

Applications for both types of programs also often require a standardized test. PhDs usually require the Graduate Record Examination (GRE), which tries to measure verbal reasoning, quantitative, critical thinking , and analytical writing skills. Many master’s programs require this test as well.

Applying for a master’s

Master’s degrees programs will often ask you to respond to specific essay prompts that may ask you to reflect upon not just your academic background, but also your personal character and future career ambitions.

Northwestern University’s Kellogg Business School requires Master’s of Business Administration (MBA) applicants write two essays, one about a recent time they demonstrated leadership and the second about their personal values.

Who you should ask for your letters of recommendation varies by program. If you are applying to a research-intensive master’s program, then you should choose former professors or research supervisors. For other programs, particularly business school, current work supervisors may be a better choice.

Some professional master’s programs require a specific test. For example, to apply to law school, you must take the Law School Admissions Test, or LSAT. For business school, you must take either the GRE or the Graduate Management Admissions Test (GMAT).

Applying for a PhD

When applying for a PhD, your resume should focus more on your research background—you should especially emphasize any publications you’ve authored or presentations that you’ve given.

Similarly, your statement of purpose should discuss research that you’ve participated in, whether as an assistant or the lead author. You should detail what exactly you did in projects you’ve contributed to, whether that’s conducting a literature review, coding regressions, or writing an entire article.

Your letters of recommendations should be from former professors or supervisors who can speak to your abilities and potential as a researcher. A good rule of thumb is to avoid asking for recommendations from anyone who does not themselves have a PhD.

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A master’s is a 1- or 2-year graduate degree that can prepare you for a variety of careers.

All master’s involve graduate-level coursework. Some are research-intensive and intend to prepare students for further study in a PhD; these usually require their students to write a master’s thesis . Others focus on professional training for a specific career.

A PhD, which is short for philosophiae doctor (doctor of philosophy in Latin), is the highest university degree that can be obtained. In a PhD, students spend 3–5 years writing a dissertation , which aims to make a significant, original contribution to current knowledge.

A PhD is intended to prepare students for a career as a researcher, whether that be in academia, the public sector, or the private sector.

This depends on the country. In the United States, you can generally go directly to a PhD  with only a bachelor’s degree, as a master’s program is included as part of the doctoral program.

Elsewhere, you generally need to graduate from a research-intensive master’s degree before continuing to the PhD.

This varies by country. In the United States, PhDs usually take between 5–7 years: 2 years of coursework followed by 3–5 years of independent research work to produce a dissertation.

In the rest of the world, students normally have a master’s degree before beginning the PhD, so they proceed directly to the research stage and complete a PhD in 3–5 years.

A master’s degree usually has a higher upfront cost, but it also allows you to start earning a higher salary more quickly. The exact cost depends on the country and the school: private universities usually cost more than public ones, and European degrees usually cost less than North American ones. There are limited possibilities for financial aid.

PhDs often waive tuition fees and offer a living stipend in exchange for a teaching or research assistantship. However, they take many years to complete, during which time you earn very little.

In the US, the graduate school application process is similar whether you’re applying for a master’s or a PhD . Both require letters of recommendation , a statement of purpose or personal statement , a resume or CV , and transcripts. Programs in the US and Canada usually also require a certain type of standardized test—often the GRE.

Outside the US, PhD programs usually also require applicants to write a research proposal , because students are expected to begin dissertation research in the first year of their PhD.

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What Is a Postgraduate Degree? Your 2024 Guide

Any degree beyond a bachelor's is typically referred to as a postgraduate (or simply graduate) degree. Learn more about types of postgraduate degrees and whether earning one could impact your career.

Postgraduate degrees are also often simply called “graduate degrees,” a term used to describe master’s, professional, and doctoral degrees. According to information from the US Census Bureau, the number of people with postgraduate degrees has more than doubled since 2000, with more than 21 million Americans having a master's degree, and another 4.5 million or more having a doctoral degree [ 1 ]. 

Getting a postgraduate degree may open new career opportunities or increase your earning potential. To help you make the best decision based on your goals and interests, we’ve gathered some key information.

What is a postgraduate degree?

The term “postgraduate degree” covers everything from postgraduate diplomas to master's degrees to doctoral degrees. Essentially, any degree that requires an undergraduate ( bachelor's ) degree as an admissions prerequisite can be considered a postgraduate degree. You might choose to pursue a postgraduate degree for a variety of reasons, including to change career paths , specialize in a highly-technical field, or move into a career in research or education. 

Postgraduate vs. graduate degrees: What’s the difference?

While these can sound like two entirely different terms, they can in fact be used interchangeably. Both refer to degrees that come after a bachelor’s degree, including master’s and PhDs. 

3 types of postgraduate degrees

Pursuing a postgraduate degree can help you gain specialized knowledge, demonstrate your dedication to your field, and even boost your networking capabilities. Postgraduate degrees fall into three main categories: Master’s, professional, and doctoral. Let’s take a closer look at each:

1. Master’s degree

For many students, a master’s degree is typically the next degree pursued after earning a bachelor’s degree. Depending on the university and field of study, you might earn a Master of Arts (MA) or a Master of Science (MS) . You might also find more specialized master’s degrees. Popular options include: 

Master of Business Administration (MBA): Business was the most common field of study for master’s degrees conferred in the 2020-2021 school year, according to the latest data from the National Center for Education Statistics [ 2 ]. Earning an MBA could be useful if you want to work in sales, finance, marketing, accounting, or supply chain management.

Master of Public Health (MPH): Many MPH programs focus on approaches to building healthier communities through public policy. Depending on the program you choose, you may be able to specialize in areas like epidemiology, occupational health, global health, health data analysis, or nutrition. 

Master of Social Work (MSW): If you’re interested in a career as a licensed social worker, you’ll first need to earn an MSW degree from an accredited program. Some programs focus on clinical social work—working directly with clients—while others focus on social work as it relates to community organizing or advocacy. 

Master of Fine Arts (MFA): Many artistic media fall into this category. Earning an MFA might mean undergoing an in-depth study of creative writing, painting, sculpture, photography, or theater. 

Read more: MA vs. MS Degree

What is a professional degree?

Professional degrees are master’s or doctoral programs designed to prepare you for specific career fields. Common examples include master’s degrees (like the Master of Architecture, or MArch), as well as doctorate degrees, like the Doctor of Medicine (MD), Juris Doctor (JD), Doctor of Pharmacy (PharmD), or Doctor of Dental Science (DDS).

2. Doctoral degrees

Doctoral degree programs are the highest academic degree you can earn. Common examples include PhDs and professional doctorates like Doctor of Education or Doctor of Nursing.

3. Postgraduate diploma or certificate

Universities sometimes award postgraduate diplomas or certificates (sometimes called graduate certificates ) as a shorter alternative to master’s degrees. Both can demonstrate to potential employers that you’ve gained advanced skills in a specific area of study, which could make you a more competitive job candidate.

Admissions requirements for postgraduate degree programs

One of the biggest requirements for admission to a postgraduate degree program is already having a bachelor’s degree. There are a few exceptions. For example, a bachelor’s degree/Juris doctorate (law degree) accelerated program may allow you to apply and enroll in law school before completing your undergraduate requirements. 

The typical prerequisites for advanced degree program admissions vary depending on the type of degree you’re seeking. Consider the following: 

For a master’s degree, you'll need to graduate from an accredited college or university. You may also need to take the Graduate Record Examinations (GRE) or the Graduate Management Admissions Test (GMAT), provide letters of recommendation, write a personal statement, and provide an academic writing sample.

For a professional degree, you typically need to provide your transcripts, take a standardized admissions test like the Law School Admission Test (LSAT), provide letters of recommendation, and write a personal statement. 

For a doctoral degree, you'll need a bachelor's degree and a master's degree from an accredited educational institution. You'll also need to submit references and a personal essay in addition to meeting minimum GPA requirements.

Read more: How to Ask for a Letter of Recommendation (Template + Tips)

How long does a postgraduate degree take?

The amount of time it might take you to earn your postgraduate degree can vary widely depending on a variety of factors. The first consideration is the type of degree you’re pursuing. The average amount of time for earning a master’s degree is 1.5 to two years while the average time it takes to earn a doctoral degree is anywhere from four to six years. Postgraduate diplomas and certificates can take as little as a year to complete.  

The type of advanced degree isn’t the only factor that can affect how long it takes to earn a postgraduate degree. Other notable factors include: 

Whether you attend full-time or part-time

Whether you decide to take time off to gain professional experience or to earn additional money to continue your schooling

Whether you pursue online courses or additional courses between semesters, which may help you graduate faster

Whether you have access to an accelerated degree program or an opportunity to earn micro-credentials, which allow you to earn certificates that you can stack toward your advanced degree

Whether you’ve got ample support from academic advisors and mentors, which can help you complete your schooling faster, particularly in PhD programs

Is earning a postgraduate degree worth it?

If you're wondering if getting a postgraduate degree is right for you, it helps to ask yourself a few questions. There’s no one right approach to a postgraduate education, because it depends on so many factors, most of which are personal to your specific situation. Pursuing a postgraduate degree requires you to make a significant investment of time and money. To evaluate if it might be worth it for you, consider these four questions:

Does it fit your career goals? Not every job and role requires an advanced degree. More importantly, if you're considering a career that does require one, will you be happy with the day-to-day activities, responsibilities, and hours? Take some time to shadow professionals or conduct an informational interview to get a solid feeling for the role you're considering, and to make sure you're choosing a career that will be fulfilling.

What's the earning potential? Graduate school may require you to take out significant loans. To decide if it's worth it, consider whether you'll be ultimately earning enough once you're working to make that debt worth it. Research average starting salaries and job opportunities to inform your choice.

Will it increase your networking opportunities? By enrolling in a postgraduate program, you can sharpen the necessary skills in your field of study with hands-on experience. Additionally, the relationships you create with key industry professionals could help you throughout the rest of your career.

Are there alternatives that might be a better fit? While a postgraduate degree might be the right choice for one person, a professional certification or online course might be a better option for someone else. Look at some job descriptions on sites like LinkedIn to see what common requirements are for the jobs you’re interested in, and let that guide your decision on where to invest your time and effort.

Read more: How to Pay for Graduate School: 8 Ways

How a postgraduate degree may impact earning potential

Many advanced degrees open the door to possibly earning higher salaries, but just as the job outlook varies from job to job, so does your earning potential. Research from the BLS reveals that earnings are highest among people with a master's degree, professional degree, or doctoral degree [ 3 ]. 

According to that data, if you have a bachelor's degree you can expect to earn a median weekly salary of $1,432. With a master's degree, that increases to $1,661. Doctoral degrees and professional degrees are close in earnings potential. If you have a doctoral degree, the median weekly earnings is $2,083, while the median weekly earnings, if you have a professional degree, is $2,080.

*Data adapted from the BLS Current Population Survey [ 3 ]

As you consider the types of postgraduate degrees you might pursue, browse degrees from top universities available on Coursera, including bachelor's and master's degrees , as well as graduate certificates and diplomas in fields like computer science, machine learning, data analytics, and strategic leadership and management.

Article sources

United States Census Bureau. “ Number of People With Master’s and Doctoral Degrees Doubles Since 2000 , https://www.census.gov/library/stories/2019/02/number-of-people-with-masters-and-phd-degrees-double-since-2000.html.” Accessed June 1, 2023.

National Center for Education Statistics. “ Master's degrees conferred by postsecondary institutions, by field of study: Selected years, 1970-71 through 2018-19 , https://nces.ed.gov/programs/digest/d22/tables/dt22_323.10.asp.” Accessed June 1, 2023.

US Bureau of Labor Statistics. “ Education pays, 2020 , https://www.bls.gov/careeroutlook/2023/data-on-display/education-pays.htm.” Accessed June 1, 2023.

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•       Resources       What to do After Grad School: All Your Questions Answered

What to do After Grad School: All Your Questions Answered

Finishing graduate school and moving toward a professional career can be complex for some new grads. Many aspects of our lives change during these transitions and, for many, it’s challenging to keep a positive attitude, stay focused on our goals, and face the competitive job market. From job hunting and professional development to managing student debt and networking strategies, the following guide offers some tips and resources for new graduates getting ready to tackle life beyond grad school.

Adjusting to Life After Grad School

The five tips listed below offer links to helpful resources and methods of preparing for the stresses of the job search, life after school, and how to cope with inevitable emotional and professional challenges.

Make time for yourself: According to a Harvard study, by the time students enter their final years of graduate school, up to 25 percent experience moderate or severe symptoms of depression. Upon graduation, these symptoms don't necessarily disappear. In her article “ The Grief of Graduation ,” Anne Guarnera discusses graduate students' feelings of loss upon finishing their programs. For the most part, she considers these feelings to be a loss of student identity and all the social and spatial connections that one develops while spending three to six years in a town, city or campus environment. When we graduate, many of us move elsewhere. We leave the area in search of a new job, to find a fresh landscape to begin the next chapter or even move in with family or friends to save money. Whatever the scenario, Guarnera suggests that we all need to practice emotional self-care as a means of dealing with these transitions. To do so, she urges us to schedule time to organize our thoughts and process the changes in our lives.

Prepare early: While you’re still in school, take advantage of career-focused resources available through your program. These resources include career planning and coaching, interview workshops, job fairs and networking opportunities. If your department or school doesn’t have free services readily available, you can reach out to professors for help in this area. Many of them will be glad to offer advice on how to prepare for the job market and help you avoid any mistakes they may have made.

Change your perspective on graduate school: Many students, especially first-generation graduate degree seekers, approach graduate school as an extension of their undergraduate program. Nathaniel Lambert argues that students should treat their post-baccalaureate training as more of an apprenticeship instead of “school” as they’ve traditionally conceptualized it. This concept comes from the middle ages when craftspeople would study with masters of a trade and learn by imitating their techniques and processes. Lambert suggests that graduate learning should be no different and, whenever possible, we should learn by doing, “not simply by reading about it and talking about it in classes.” As a result, we may be better prepared for the transition into our careers upon graduation.

Remember: Your thesis or dissertation doesn’t guarantee you a job: While creating a well-formulated, written document based on original research that contributes in some way to your field is important, it’s best to keep that work in perspective. Whether you pursue a career in academia, at a Fortune 500 company or in a research laboratory, there’s little chance that anyone wants to hear about your thesis or dissertation in detail. That said, it’s still essential that you create a thorough and meaningful project. Bear in mind, however, most employers want to know how your knowledge and expertise makes you a good fit for a position. At this point in your career, they want to know what makes you a good problem-solver, teacher, researcher, etc. You need to tell them how you can meet and exceed these expectations and not simply show them what you’ve written in the past.

Cultivate a support system and friendship: Our expert, Rebecca Newman, urges professionals after graduate school to find trusted individuals outside of work with whom they can share their personal, academic or professional frustrations. “Have a strong support network when entering a new field after graduate school. This can take the form of family, friends, a partner or a mentor. They can offer you support that will keep your ’dirty laundry’ out of your workplace,” Newman says. “You might think you’re venting to a friend in the form of a colleague, but it can be more professionally advantageous to look at work as being ’on stage.’ If you have a valid concern, you should absolutely bring it up at work in a thoughtful, constructive manner.”

Landing a Job after Grad School

Now that you’ve completed your degree and you’re on the job market, where do you start? There are an overwhelming number of job search engines and, depending on your area, just as many jobs to consider. While all of these jobs may not be a good fit, you still end up spending time reading job descriptions, researching companies, locating salary information in certain geographical areas and more. It’s time consuming, no doubt. Here’s some tips to help you streamline your search and save some time. We’ll offer more advice on this topic throughout the guide as well.

Where and how should I look?

TheCollegeInvestor.com suggests that job seekers leverage both their personal network and online search engines or job aggregators. In addition to asking colleagues, professors, friends and family for leads on open positions, job aggregators such as LinkedIn, Glassdoor, ZipRecruiter, Indeed and HigherEdJobs can alert you to positions as soon as they’re posted. Additionally, most of these websites allow job seekers to post their resumes or CVs. This feature allows employers to search for candidates using keywords. Dora Farkas of FinishYourThesis.com , argues that it’s a common and fatal mistake to avoid using LinkedIn and related sites as part of your front-facing, public image, as many of your prospective employers use these sites to find out more about job candidates.

Should I only look for dream jobs?

Truth be told, many graduate students don’t land their dream job immediately after graduation. For Ph.D.’s interested in teaching at the college level, most don’t secure a tenure-track position until after they’ve acquired solo teaching experience in community colleges, adjunct positions or visiting professorships. (That’s not to say that one teaching job is necessarily “better” than another. Many scholars dream of the tenure-track position, however, because of the job security and various freedoms that come with it.) Whatever your field, you may need to find some stepping stones before landing the perfect position.

“To land your dream job, take every responsibility at every job seriously, and prioritize your relationships,” Newman says. “When I was once grumbling about an unrelated task we were doing as interns, the senior intern said to me, ’Sometimes, social work is doing the hustling that no one else wants to do.’ That stuck with me, and I tried to be thoughtful about what I expressed on the job while venting my frustrations elsewhere when I needed that support. Based on having a strong ethic at a past job that was very challenging, my former director cold-called me to ask if I wanted to come back to the organization in a different capacity, in what is now my dream job.”

Should I apply for jobs I’m overqualified for?

While it depends on whom you ask, most professionals will tell you to avoid applying for jobs for which are you overqualified. Some employers might be interested in having someone like you on staff because you may already know the ropes or can act as a leader. More often than not, however, they will see you as someone who will probably get bored and move on to another job before too long. They may also see you as a threat or internal competitor who could take their place later on. On the other hand, if you are unemployed, you are probably in need of a job immediately or in the very near future. In that case, cast a wide net and apply for jobs even if you appear overqualified.

Once You’ve Got the Job, Ask Yourself These Questions

After all of your hard work, applications, and interviews, you finally land a job you’re excited about. As with most positions, you won’t get a full picture of the position, your tasks, the work environment and other details until you’ve had a chance to settle in and take on some responsibilities. Scott Webb, an academic adviser at the Middlebury Institute of International Studies at Monterey, suggests that we ask ourselves a series of questions after several weeks on the job, then after several months and finally at the end of a year. Newman echos Webb’s techniques for checking in with ourselves, making the most of a job and planning ahead.

What are the pros and cons of this job? How do I make it work?

Both Newman and Webb suggest that in the first several weeks of a job we identify those aspects of the position that are the most fulfilling and the most challenging. Acknowledging these positives and negatives helps us get a clearer picture of what we need out of a job and helps us identify our strengths. As Webb points out, during these early stages it’s important to keep an open mind and be willing to embrace unexpected challenges and difficult tasks. These challenges can help us grow as individuals, allow us to do well and advance in our current role, and teach us something about ourselves that may have otherwise gone unrealized.

Is this job a good fit for now, or could I see myself here for longer, perhaps in a different capacity? If/when I leave this job, what are things I would want to be different in my next role?

Newman advises us to plan ahead and think about our next career move, if that’s something we anticipate. This certainly depends on the individual and career path. Professionals with a Ph.D. or master’s degree working in academia, for example, may be content with their current teaching position. If they’re on the lookout for a tenure-track job, then they need to consider if their current role helps make them a stronger competitor when the opportunity presents itself.

What do I like about this job: the camaraderie, content of work or both? Which of those is more important to me?

Of course, we all want to be happy with our work responsibilities, work environment and our coworkers. In a perfect world, we would be satisfied with all three. In addition to planning ahead, Newman suggests that we weigh the quality of the work environment and camaraderie versus how much we enjoy the actual tasks of the job. Which aspect is more important to you?

Licensing and Credentials

Licensure and certifications are required by law for many professions across the U.S. License-based credentials ensure that professionals meet a high standard of practice and are up-to-date on relevant research or advancements in their field. Certifications are usually voluntary credentials, which professionals earn through a professional society or educational institute. The terminology and requirements vary per field.

Licensure requirements vary by state. In psychology, some professionals with a master’s degree can obtain licensure to be professional counselors. More often than not, most states require a Ph.D. All states require supervised training, a written examination and/or oral examination for practicing psychologists. Similarly, those graduate students in criminal justice who wish to become lawyers must complete law school and pass the bar exam. Other roles in the criminal justice system, such as holding a position as a judge, require extra credentials. They also must pass a written exam administered by the U.S. Office of Personnel Management .

While most certifications are voluntary, they help you secure higher-level positions in various professions. Advanced positions in public administration, for example, sometimes require professionals to obtain a Certified Public Manager credential. Prospective recipients must have a bachelor’s degree or higher and complete the required 300 hours of study through a program accredited by the National Certified Public Manager Consortium . Comparatively, the National Board of Public Health Examiners offers the Certified Public Health exam. Professionals who wish to obtain some of the higher-paying jobs in public health must meet the certification standards of their state, along with obtaining a graduate degree.

Professional Development and Continuing Education

Professional development and continuing education are opportunities for students and professionals to enhance their current skill set, learn new techniques and methods in their field, and keep up with the latest advancements and research. In general, we can organize these opportunities into categories: teaching, mentorship, research, networking, workshops, professional conferences, certificates and volunteer work. While some of these categories apply more to some professions than others, they help us locate possibilities for bolstering our resumes, improving our skills and, in some cases, keeping us eligible to work in our fields.

If teaching is part of your profession, you’re required by most states to participate in continuing education classes to keep your teaching license. It’s easiest to think about these opportunities by separating them into categories. Consider looking into professional development courses in behavioral, classroom technology, Common Core, English and reading, mathematics, science and special needs, as well as taking online courses for credit.

This is a great chance for experienced professionals to share their knowledge with the future leaders of their fields. Mentors motivate and empower individuals, businesses and communities to achieve their goals. Mentees must be willing to take advice, change their habits and further develop a body of knowledge that supports their efforts with short- and long-term plans. Both mentors and mentees benefit from these encounters, and you should experience both roles.

Research opportunities for master’s and doctoral degree holders come in many shapes and sizes. For the most part, keep an eye out for post-doctorate positions, fellowships and research assistantships. All of these opportunities depend on your field. For example, in the area of the humanities, it’s rare to seek out post-doctorate positions. Researchers in the hard sciences, however, often spend a lot of time and energy trying locate those research opportunities. These research positions look good on your resume or CV, and many of them offer job security for a couple years at a time with a steady paycheck.

You may not be a "people person" or enjoy getting to know new faces. Unfortunately, the tired and old-fashioned saying, “It’s not what you know, but who you know,” rings true to some degree. Making the most out of every networking opportunity is essential to your success after graduate school. From informal gatherings to organized meetings at professional conferences, you need to cast a wide net and actively expand your professional and personal networks.

Practical and theoretical training workshops benefit professionals in virtually any specialty area. These hands-on meetings are often taught by leading academics or highly experienced practitioners. Workshops are available both online and in-person. They can be as short as one day or last the duration of a summer semester.

Professional conferences

You may not be a "people person" or enjoy getting to know new faces. Unfortunately, the tired and old-fashioned saying, "It’s not what you know, but who you know," rings true to some degree. Making the most out of every networking opportunity is essential to your success after graduate school. From informal gatherings to organized meetings at professional conferences, you need to cast a wide net and actively expand your professional and personal networks.

Certificates

Certificates are typically voluntary in most fields and offer additional training to boost your marketability in a competitive job market. They can also help you climb the ladder at your current job. You can easily access on-demand courses in widely useful topics through popular sites such as LinkedIn’s certification and continuing education programs page.

Volunteer work

Improving your skill set and bolstering your resume can also come in the form of volunteer work. In some professions, substantial volunteer work in one area can count as documented work experience. At the same time, many volunteer opportunities allow you to help those in need. You can also gain exposure to new ideas, organizations and connect with a new network of people through this type of work.

Managing Grad School Student Debt

Some colleges and universities offer graduate students some type of funding, maybe even a full tuition waiver plus a stipend, to defray the cost of their education. In other cases, MA and Ph.D. students may receive no funding at all. Unless they are fortunate enough to receive a tuition waiver and a stipend, many graduate students still take out student loans to cover tuition and living expenses. In fact, about 40 percent of the $1.5 trillion in student loan debt comes from graduate students and professional degree seekers. GoGrad offers 10 helpful strategies for paying off student loan debt.

From the Expert

Advice from a psychiatric social worker.

Rebecca Newman is a psychiatric social worker at the Thomas Jefferson University Physicians Department of Psychiatry and Human Behavior, where she provides individual psychotherapy in Philadelphia. She specializes in working with eating disorders, anxiety, depression, substance abuse, grief and loss, LGBTQIA+ topics, trauma and adjustment to life changes.

What’s one tip for current graduate students or new graduates to manage student debt?

Don’t avoid dealing with your loans or repayment out of anxiety. Your student loan servicer can and wants to help you make your payments. You can work with them on an income-based repayment plan, which can then inform your budget about other expenses. Do your best to develop a budget and stick to it when you’re adjusting to making loan payments.

What are some benefits of participating in professional development or continuing education programs and workshops?

Continuing education programs are a great opportunity to meet other professionals who are a few years ahead of you in your career and can perhaps support you moving forward in your trajectory. Additionally, staying current in your field is important. Think about whether you had a professor or instructor in graduate school who felt out-of-touch. They might not be engaging with continuing education in a thoughtful way, or staying in a lane that is comfortable for them. Professional development requires a certain degree of humility to acknowledge that you don’t know everything, and placing yourself back in the position of a learner can ultimately make you more effective in a role or on a team.

What was your licensing process/timeline to become a licensed social worker?

In my field, licensing is an essential and somewhat lengthy process. Upon graduation (or in your last semester of graduate school, if you’re in good standing), social workers are eligible to take an exam to become a licensed social worker. For this exam, some preparation is necessary -- it is a combination of theoretical knowledge that is a direct reflection of the program curriculum and clinical vignettes. Following passing this exam, in order to move forward, you must accrue 3,000 hours of supervised work experience over no less than two years. With a full-time job this is manageable, as long as your responsibilities at work are relevant to the profession. In conjunction with those hours, you must accumulate 150 hours of clinical supervision, half of which must be individual and with another licensed professional in the field with years of experience. The other half can be in a group, with another mental health professional or a combination of the two. Once you have accumulated 150 hours of supervision, worked 3,000 hours in your job and two years have elapsed, you can apply to take the clinical licensure exam. Upon passing, you are a licensed clinical social worker and can function independently as a clinician and become credentialed with private insurance carriers.

Additional Resources

For those who might feel overwhelmed by the results of a follow-up query into criminal justice or for the experts who want a refresher, here’s a list of industry-leading agencies, institutes, universities and opportunities.

• AcademicLadder.com's "Depression in Grad School and Beyond" : Symptoms of depression among graduate students, how to make sense of it and practice self-care.
• Chemical and Engineering News' "How to Prepare for Life After Graduate School" : Helpful column with career advice for graduate students in the hard sciences.
• Dorsa Amir's "Modest Advice for New Graduate Students" : An excellent list of wise and calming advice for all graduate students.
• Finding Brave's Podcast: "How to Land a Dream Job at the Salary You Deserve" : Advice from Austin Belcak on confidence, networking and going the extra mile.
• Finish Your Thesis Blog : A collection of articles that help graduates handle the stresses of writing a thesis or dissertation as well as job hunting advice.
• Kathy Caprino's "Preparing for Life After Graduation: How to Land a Great Job Your First Time Out" : Interview with Austin Belcak, founder of Cultivated Culture, that offers unconventional strategies to obtain employment after graduate school.
• Northeastern University's "How To Be a Successful Graduate Student" : The large Boston institution's take on getting ahead and making the most of your resources in graduate school.
• Peterson's "A Guide for Potential Grad Students: Should You Go To Graduate School?" : A numbered list, broken into convenient sections, with dozens of salient points to consider before taking the plunge into graduate school.
• StudyBreaks.com's "Tips for Life After College Graduation" : Practical advice and pep talks for graduates from all walks of life.