Should I do a Master's Degree?
If you are reading this, the likelihood is that you have just graduated and you haven’t decided what to do next. I was in the same position a year ago, and opted to move to a new city, new university and study an entirely new course for a year. Hopefully by the end of this blog you will be able to decide whether a Master’s Degree is right for you.
What is a Master's Degree?
A master's degree is a postgraduate qualification which can be completed after an undergraduate degree. These typically last for 12 months and are focused on a specific or specialised subject area.
Pros and Cons
One of the biggest advantages of a Master’s degree is that it can make you more competitive in the job market. Through studying, you will deepen your level of understanding and expertise in your chosen field, which can help you to stand out from other applicants.
Another pro is that you will be presented with networking opportunities. You can engage with other students, and experts in your chosen field. On my course, a 70-hours work placement was compulsory, which allowed me to meet others in my desired field, and gain valuable work experience.
How much will it cost?
Arguably, the biggest disadvantage is the cost. In England, students receive a loan of around £12,000. Unlike at undergraduate, where you receive a maintenance and tuition loan, for postgraduate studies you don’t. It is up to you how you distribute this money. The cost of a master's degree in the UK can range from £4,000 to over £20,000 per year for home students, depending on the course and institution. International students may face higher fees. Most universities typically offer their alumni a discount ranging from 10-25% off if they study with them again so this is a key factor to consider.
Additionally, these degrees are often more time consuming, meaning whilst it is possible to work alongside, it can be difficult to manage. You’ll need to ensure you have good organisation and time management skills to do both. Finally, a Master’s is a lot more stressful than an undergraduate degree as you are cramming everything into one year. You will also lose out on your summer, as most programmes run for a full 12 months.
Where will I live?
Accommodation options for master’s students vary widely. University halls of residence are often available and provide a convenient option, especially for international students. Alternatively, most students opt for a shared house reduce costs. You may also find that your rental does not cover the summer, and so you will need to decide whether to move and complete your studies from elsewhere, or find short-term accommodation for that period. Some students also choose to study at their local university and live at home to save money.
As you can see, there are many great benefits to studying for another year. However, the cost is a crucial factor. Nevertheless, if you do decide a Master’s is right for you, it is important to get your application in soon, and then use our website to find the perfect student room.
