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• 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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Demystifying Graduate Degrees: Comparing Master’s vs. Doctorate

You want a graduate degree — to continue exploring your passions, make discoveries or advance your career — but how do you turn that decision into a plan?

It starts with understanding the difference between a master’s and a PhD in your field. They differ in length, intensity, curriculum and career paths, so you’ll also need a clear idea of why you want to pursue a graduate degree to determine which one you should get.

What Is a Master’s Degree?

If you’ve completed your undergraduate degree, it might be time to ask, “What’s next?”

That’s where Master’s degrees can come in.

Whether you want to specialize in a particular area or get advanced skills in your profession, a master’s degree can help you get there in 1-2 years.

The most common types of master's degrees include:

• Master of Arts (MA),
• Master of Science (MS),
• Master of Business Administration (MBA),
• Master of Education (MEd),
• and Master of Fine Arts (MFA). 

What do you learn in a master’s program?

The short answer? A lot.

Master’s degree programs are designed to build on the foundational knowledge gained during your undergraduate studies, and the curriculum focuses on advanced knowledge and skills in a particular field.

Here’s what you can expect to encounter in a master’s program:

Advanced coursework:  Master's programs provide advanced courses that build upon the foundational knowledge gained during your undergraduate studies. These courses delve deeper into specific topics within your field and often explore the latest research and developments. 

Specialization:  One of the primary goals of a master's program is to allow you to specialize in a particular area. Whether pursuing a Master of Arts, Master of Science, or a professional degree like an MBA, you can focus your studies on a specific subfield or concentration within your discipline. 

Research and analysis:   Many master's programs require you to engage in research projects and analytical work. This could involve conducting independent research under the guidance of a faculty advisor or participating in group research projects with fellow students. Through these research experiences, you’ll develop critical thinking and analytical skills, learn how to gather and evaluate relevant data and draw meaningful conclusions.

Practical applications and internships:  Some master's programs incorporate practical training opportunities like internships, practicums, or field experiences; hands-on experiences allow you to apply the knowledge and skills gained in the classroom to real-world settings.

Collaboration and networking:  A Master's program is a rich collaboration and networking environment. Collaborative projects, group discussions, and professional events allow you to exchange ideas and build connections within your field, often leading to long-lasting professional relationships and potential career opportunities.

Thesis project:   Outside of building skills like project management, problem-solving, project management, and effective communication, thesis projects in master's degree programs serve as a cornerstone for building advanced skills, expanding professional networks, and contributing to the body of knowledge in your respective field. 

Why get a master’s degree?

Career advancement: One primary advantage of getting a master’s degree is an edge in the job market. Employers value the specialized knowledge and advanced skills that come with a master’s degree, opening up new and exciting career opportunities.  The cherry on top? Individuals with a master’s degree often earn more than those without an advanced degree — you can take that to the bank, especially if you set yourself up for financial success during your studies. Flexibility: Another aspect to consider is the flexibility that a master’s degree offers. Many programs offer part-time or online options, allowing you to balance your studies with work or other commitments.  This flexibility can be particularly helpful if you’re already established in your career but want to gain additional qualifications.  Growth opportunities: Depending on your field, a master’s degree can be a stepping stone toward a PhD or other doctoral programs. It gives you a solid foundation in research methods and academic rigor — a boon if you want to pursue a career in academia or conduct advanced research.

What is a Doctoral Degree or PhD?

A doctoral degree is a terminal degree — it represents the pinnacle of academic achievement and is the most advanced degree you can attain. Doctoral students want to become authorities in their chosen fields and develop the skills to conduct independent and original research. 

Doctoral programs usually span 3-6 years of full-time study, during which students complete advanced coursework, pass comprehensive examinations, engage in extensive research and ultimately produce a dissertation that contributes new knowledge to the field. 

There are several types of doctoral degrees based on different academic and professional aspirations, including:

• Doctor of Philosophy (PhD),
• Doctor of Education (EdD),
• And Doctor of Psychology (PsyD), among others. 

What do you learn in a doctoral program?

When you successfully defend your dissertation and complete your degree, you also become an expert in your field — but it doesn’t happen overnight. Here's what you can expect to encounter in a doctoral program:

Advanced research: If you’re looking for a hard emphasis on research, a doctoral program is the place to be. Over several years, PhD students engage in extensive research activities — including conducting independent research, producing scholarly publications, and contributing to the knowledge base of their field through original research contributions.

Theoretical and conceptual frameworks:  PhDs are an incredible opportunity to deepen your understanding of theoretical and conceptual frameworks in your field of study. You'll critically analyze existing theories, evaluate their applicability, and develop your theoretical frameworks to advance knowledge and understanding in your chosen area of research.

Advanced methodological training:  Because a dissertation is an original research project, you’ll gain advanced training in research methodologies and data analysis techniques, like designing robust research studies, collecting and analyzing data, and drawing valid and reliable conclusions from your research findings.

Critical thinking and intellectual independence: Both academia and industry employers highly value independent thinkers and workers. Doctoral programs foster critical thinking and intellectual independence by challenging you to evaluate existing research, identify gaps in knowledge, and propose innovative research ideas. Teaching and Mentoring Experience: Being a teacher or mentor is a great opportunity to share your hard-earned knowledge, and universities agree. Doctoral programs often provide opportunities to teach and mentor undergraduate students, develop effective pedagogical skills, and contribute to the academic community.

Dissertation project:  Your dissertation is the culmination of years of hard work within your field. By enrolling in a doctoral program, you’re also given the chance to participate in a significant and original research endeavor that demonstrates the expertise you’ve worked so hard to cultivate.

Why Get a Doctorate?

Having a doctorate doesn’t just open doors; it can kick them down. A doctorate might be right for you if you’re looking for a door to these things:

Expertise and specialization:  Doctoral degrees can be a labor of love. They help you delve deeper into a specific subject area, gaining expertise and specialization.

Research opportunities:  Extensive research training, opportunities for conducting original research, and contributing new knowledge to the academic community — these three things make a doctorate coveted by students, universities, and employers.

Salary potential and career advancement: In some fields, having a doctorate can lead to higher earning potential and increased salary opportunities. According to the U.S. Bureau of Labor Statistics , doctoral degree holders made an average of $1,885 per week in 2020, while master’s degree holders made an average of $1,545 per week.

Contribution to society:  Doctoral research often addresses pressing societal issues, contributing to advancements in technology, healthcare, education, and other areas for the benefit of society — for many students, contributing to the greater good is just as rewarding as career advancement or personal development.

What’s the difference between a dissertation and a thesis?

You might have heard “thesis” and “dissertation” used interchangeably, but they’re not quite the same. Here are the general distinctions to consider:

• A thesis is usually associated with a master's degree program. Students undertake a research project in the final stage of their degree.
• It typically involves conducting original research or analyzing existing research to answer a specific research question.
• The length of a thesis varies based on the field and program requirements, but it’s usually shorter than a dissertation.

Dissertation:

• A dissertation is typically associated with a doctoral degree program. It is an extensive, in-depth research project that marks the culmination of a doctoral program.
• in-depth exploration of a research topic
• comprehensive literature review
• methodology section
• data collection and analysis
• substantive discussion of findings and conclusions.
• Dissertations are usually longer than theses and may take several years to complete.
• Once you’ve completed your dissertation, you participate in a formal defense of the research, where you’ll present your findings to a committee of experts in the field.

Key Differences: Master's vs. PhD

Deciding Between Master's vs. PhD Programs

“Should I get a master’s degree or a PhD?”

Answering that question can be exciting — and a bit intimidating. You must consider long-term career objectives, personal interests, and the time you can commit. Plus, the level of specialization you wish to achieve based on your career path is also a factor. Typically, a PhD is a prerequisite for those aspiring to research careers in academia, while professional roles in various industries may require only a master's degree. 

It’s still worth noting that students have the option of completing a master's degree first and then, based on their experiences and career aspirations, deciding whether to pursue a PhD.

Find the right graduate degree at SMU 

A graduate degree is a big investment, so investing in the right program is important.

SMU offers a diverse array of master's and PhD programs tailored to align with your unique interests and career goals, and personalized support, from the applicant to the graduate, is always available. 

Whether you're interested in pursuing a PhD in Chemistry or are almost finished with your MBA, we can help you find the right advanced degree.

This could just be the beginning of your journey. Get a closer look at applying to graduate programs of your choice with our guide, How to Get a PhD: A Guide to Choosing and Applying to PhD Programs .

Learn More About

Doctoral degrees at SMU, and how you can choose the right program and thrive in it, in our Guide to Getting a PhD.

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Master’s vs PhD/Doctorate Degrees – Key Differences

So, you are done with your bachelor’s degree but not with studying–according to the U.S. Bureau of Labor Statistics , this seems like a good idea. In its projections for the years 2019–2029, it lists 36 occupations that typically require a master’s degree and 63 requiring a doctoral or professional degree. The Bureau of Labor Statistics data also shows that the wages for these occupations are higher than the median for all occupations. 

Now you might wonder: What is the difference between master’s and PhD degrees and which one should I get? Read on for all the information you need to make this important decision!

Difference Between Masters and PhD: An Overview

A master’s degree is designed to teach you the knowledge and skills that you will need in your future profession. A PhD or doctorate degree, on the other hand, is designed to develop your critical thinking as well as your analytical and writing skills and is usually a years-long commitment to independent research on a specific subject. The purpose of a PhD is to prepare you for a career in academic research—although it can also help you get into a variety of other professions, and at a higher entry/salary level. In the US, a master’s degree is integrated into a PhD program, as a necessary preparation period involving mostly coursework, while in most other countries, a separate master’s degree is required to enter a PhD program.

If you want to stand out, you should definitely opt for a PhD degree: According to the United States Census Bureau , 24 million people in the US had master’s or professional degrees in 2019, whereas only 4.5 million had PhDs/doctorates. But is it worth the extra effort? And what exactly would the extra effort be? Have a look at the table below to get an idea about the key differences between master’s and PhDs.

Master’s vs PhD

Master’s or Doctorate: Which Should You Choose?

How Long Does a Master’s vs Doctorate Take to Complete?

While the length of time it will take you to complete a PhD or master’s degree varies significantly between institutions and countries, we will focus on the US system here. Obviously, PhDs take much longer, because they are in fact a combination of both degrees and involve a long period of independent research that can get even longer than expected, depending on your topic, the available equipment or support, and a lot of other factors.

How long to complete a master’s degree

In the US, a full-time master’s degree takes students generally 2 years to complete, while part-time degrees are usually double the time.

How long to complete a PhD/doctorate

Since US PhD programs only require a completed bachelor’s degree, they start with an integrated master’s of 2 years of coursework, followed by 3–4 years of independent research into a specific topic. That usually includes publishing results, presenting at conferences, and preparing the final dissertation. Note that stipends/funding do not always cover the entire time it can take you to complete your PhD project—make sure you are aware of alternative options and additional funding at your institution or have at least thought about a backup plan before you start.

Master’s Degree Cost vs. a PhD Cost

Most people assume that PhDs are more expensive because they take many more years to complete. However, since PhD students usually receive scholarships or stipends, sometimes just for their commitment to full-time research and sometimes in exchange for teaching, the direct costs for a dissertation can be lower than those for a master’s degree. 

Additionally, while you are very likely to earn more with both degrees, the additional years of studying for a PhD should be factored into any estimation of costs vs outcomes.

Cost of a master’s degree

Master’s degrees at US universities can cost anything from $30,000 to $120,000, with tuition depending on the type of institution (public, private nonprofit, or for-profit). University rankings and general reputation also affect tuition costs. 

Whether an expensive degree (e.g., MBAs are often notoriously expensive) is worth the money for you personally depends on what kind of salary you think you can expect after graduating from that specific school. The universities you consider applying to should be able to provide you with data on the career and salary outcomes of their students, either on their website or if you contact them and ask for these details.

You can of course try to get a stipend and/or apply for a teaching or research assistant position at your school, depending on your undergraduate degree and experience. Moreover, many institutions offer the possibility to complete a master’s degree part-time, while working, which allows students to fund themselves.

You might also be eligible to transfer credits toward your degree if you have a professional certification or have earned graduate-level course credit—which can significantly reduce your total cost for both degrees.

Cost of a PhD/dissertation

PhDs, unlike master’s degrees, are usually funded, which means that tuition fees are waived and stipends or scholarships take care of living costs. Phd students are, however, often expected to take on teaching or research responsibilities in exchange for their funding. 

There are a variety of scholarships you can apply for if you want to pursue a PhD in the US as an international student—US-based ones like the Fulbright Foreign Student Program or the HHMI International Student Research Scholarships , but there are probably also funding opportunities in your home country for students who want to embark on a PhD abroad.

Pursuing a PhD degree part-time might sometimes be possible, but since students are expected to invest a full workweek into their research and potential teaching responsibilities, this is usually not realistic.

To estimate the overall cost of a doctoral program, the extra years that you could be working a full-time job with a regular salary also need to be factored into the equation—and take into account that projects may end up taking longer than expected, due to difficulties in collecting data, supervisors dropping out or moving on, or unforeseeable crises such as the COVID-19 epidemic.

Career Prospects for a Master’s vs PhD

While both a master’s and a PhD degree will qualify you for a variety of occupations that require higher degrees, they can also get you a higher salary in a profession that is also open to employees with a lower education level. PhD holders can in theory expect the highest wages, but since the two degrees prepare you for very different careers, that alone shouldn’t be what you base your decision on.

Master’s degree jobs and positions

Master’s degrees are overall more versatile than PhDs when it comes to employment opportunities and cover a wide range of fields and professions. The most common master’s degrees are the Master’s of Arts (MA) and the Master’s of Science (MS). 

Master’s programs can generally be divided into three different types:

Research master’s degrees, such as an MA in Comparative Literature or an MS in Biology, prepare students for academic and non-academic research disciplines and usually end with a thesis based on an original piece of research. In some fields, however, you are expected to enter a Ph.D. program after completing your master’s to be competitive when it comes to finding a job later.

Professional master’s degrees teach you practical skills and in-demand competencies that qualify you for a specific field and enable you to understand issues that are relevant in a certain profession. Examples include the Master of Public Health (MPH), the  Master of Business Administration (MBA), or the MA in Teaching (MAT). 

Terminal master’s degrees are the highest academic degree in fields where doctorates are not offered, and prepare students for careers outside of academia. The Master’s of Fine Arts in Creative Writing, for example, or the MS in Library Science are as high as you can go in those fields.

To give you an idea, below, we listed the 10 occupations at the master’s level that are projected to have the most openings annually from 2019 to 2029, according to the U.S. Bureau of Labor Statistics, and the highest-paying occupations for master’s degree holders without required work experience, based on projections from 2016 to 2026.

Master’s degrees, apart from helping you develop professional skills tailored to the requirements of the profession you intend to enter, can also serve as a stepping stone if you are already in employment and want to progress your career development, earn a higher salary, or change careers by learning new skills and subject knowledge.

PhD/doctorate jobs and positions

PhDs are usually intended to lead to an academic career, and many students aim to eventually become university professors. However, careers in academia are highly competitive, and there are not nearly as many professor positions as there are PhD holders. The good news is that the skills you learn during your doctoral program are often “transferable” and can be applied to other types of careers. 

Some PhD graduates end up (and enjoy) being colleague teachers, while others embark on non-academic research careers, for example at pharmaceutical companies, government agencies, consulting and technology firms, or think tanks. Job prospects vary widely across fields, with some—computer science, engineering, or economics—having very low unemployment rates, and others, for example the humanities, offering fewer and less desirable employment opportunities. Keep in mind, however, that someone with a PhD entering a different field or one that does not necessarily require a PhD may find that their degree sometimes does not help them or that they are even considered to be “overqualified” or as lacking practical skills and relevant professional experience.

Since there is no clear career path for PhD graduates, you should really take your time figuring out what field you want to work in later, what the career prospects for that field are, and if they are worth the time and effort you will have to invest to complete a PhD program. Your university should have data on the careers and salaries of their students, and should either display these details on their website or send you the relevant information if you contact them directly.

Master’s vs PhD: Application Process

The application process for master’s and PhD programs is overall very similar. In general, you will need to provide the following:

Frequently Asked Questions about Master’s vs PhD Degrees

How long does a master’s degree take vs a phd.

Full-time master’s degrees usually take 2 years to complete. Many universities offer the option to do a master’s part-time, which takes double the time. PhD programs in the US  start with an integrated master’s of 2 years of coursework (since you enter the program directly after completing your bachelor’s degree), followed by 3–4 years of independent research. 

Is a PhD harder than a master’s degree?

A PhD takes substantially longer and requires more self-motivation, organizational skills, and the willingness to carry on even when things do not go according to plan. You might also have other responsibilities, on top of your research, such as teaching or assisting your supervisor. But whether that is “harder” for you than a master’s degree that consists of mostly coursework and does not take more than 2 years depends on your interests and general working style. 

Is a master’s or doctorate better?

Master’s and doctorate degrees prepare you for different occupations and work positions, and which one is the right for you depends on what kind of career you are planning to pursue. Generally, a master’s degree is right for you if you want to deepen your career-oriented knowledge and skills for a specific profession, while a doctorate degree prepares you for a career in research, whether that is inside or outside a university.

Preparing Your Graduate School Essays

Now that you have figured out whether a master’s or PhD degree is the right choice for you, all that is left to do is to put your application together! Make sure that you focus on your chosen degree and its aim (research or a professional career) in all required documents—for example, highlight your professional and personal development in your CV for an MBA program, but the publication you got out of your bachelor’s thesis and how passionate you are about doing more research on the same topic for your application to a PhD program. 

As always, Wordvice can help with our professional Personal Statement Editing Services or Admission Editing Services , which help ensure that your application is error-free and showcases your full potential so that you get admitted to the graduate or doctoral program of your choice. For more academic resources on writing the statement of purpose for grad school or on how to request a letter of recommendation , head over to our Admissions Resources pages.

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Should I Pursue A Master’s or A Ph.D.?

The first step in deciding on the right graduate program for you is to figure out which degree will best serve you—a master’s or a doctor of philosophy (Ph.D.). Here are a few factors to consider.

What are your career goals?

• Professional master’s: A good choice if you want to develop a particular skill set in order to practice a particular profession. This type of degree provides coursework focused on learning and practicing skills.
• Research master’s: A good fit if you want to gain expertise in a discipline and know how to teach it. A research master’s typically includes a research project or thesis and comprehensive exams in addition to coursework and provides experience in research and scholarship.
• Ph.D. (doctor of philosophy): Consider this option if your goal is to ground yourself in a body of research and develop the ability to add to that body of knowledge. Ph.D. study includes a major research project in addition to coursework, and a Ph.D. is the highest scholastic degree awarded by American universities. Contrary to common perception, career paths for Ph.D. graduates are quite varied, not just limited to academia. Ph.D. training helps you hones skills such as writing, research, teaching, data analysis, communicating complex topics—all of which can translate into many sectors, including industry, government, nonprofit, and entrepreneurship.

See career data for Duke graduate programs' alumni

How much time do you have to pursue a graduate degree?

Master’s degrees typically take two years to complete, while Ph.D. programs generally take five to seven years ( see Duke programs' time-to-degree ). That is a significant difference in commitment and opportunity costs. It might also play a key role in deciding which factors take higher priority as you evaluate a program. How does the length of the program fit with your career and family plans? How important is the surrounding community if you are going to be there for seven years instead of two? How long are you able or willing to go on a limited income while in graduate school?

How much can you afford to pay for a graduate degree?

Consider your personal financial situation (e.g., how much savings and student loans do you have), as well as how much financial aid you can get. Master’s and Ph.D. programs differ greatly in the amount of financial aid available. Ph.D. programs tend to offer significantly more financial support than master’s programs (but often will have research or teaching requirements). 

A typical Ph.D. financial aid package usually includes coverage of tuition and fees, a living stipend, and some level of support for health insurance for a set number of years. For instance, Duke’s standard Ph.D. package covers tuition, mandatory fees, and a stipend for five years, as well as health insurance premiums for six years. 

Within an institution, the level of financial support often differs across programs, so be sure to ask your specific program about the financial aid it offers. There are also many national organizations that provide competitive fellowships and scholarships for graduate students.

Know which degree you want to pursue? Here are some key things to look for in a program .

Graduate Journey Resource Center

Discover valuable resources to assist you in your program search and decision-making process.

Master’s vs. Ph.D.: What’s the Difference and Which One to Choose?

If graduate school is on your radar, one of the first things to consider is what type of degree you should pursue . While a bachelor’s degree is required for any postgraduate study, many people think you need a master’s to pursue a Ph.D., but that isn’t always the case. While there are benefits to receiving your master’s degree before your Ph.D., it’s not always necessary or required. However, there are important differences to note when deciding which type of program to apply to.

Master’s degree

A master’s degree usually takes about two years to complete full time. There are programs that allow a student to attend on a part-time basis, but that of course extends the completion time. Many master’s programs require a thesis to be completed, but not all. A thesis is a research project that is completed during the final year of a master’s program under the guidance of your program chair or advisor.

Under the master’s umbrella, there are quite a few specific degrees you can obtain. Your professional path will determine which of these you pursue.

• Master of Arts (MA) is given for disciplines in the arts and social sciences.
• Master of Science (MS) is given for sciences, health, engineering and statistics.
• Master of Research (MRes) is focused on training students to become researchers. This is advantageous to a student if they’re pursuing a research-based career or planning to apply for a Ph.D. program.
• Master by Research (MPhil) is similar to a MRes but is more advanced and focuses on research topics to be explored in depth. It’s often considered a precursor to a Ph.D. program.

Specialized master’s degrees

There are numerous specialized master’s degrees that are categorized by profession. These are often (not always) preceded by some professional experience prior to undertaking these types of advanced degrees.

• Master of Business Administration (MBA)
• Master of Library Science (MLS, MLIS, MSLS)
• Master of Public Administration (MPA)
• Master of Public Health (MPH)
• Master of Social Work (MSW)
• Master of Laws (LLM)
• Master of Education (MEd, MSEd, MIT, MAEd, MAT)
• Master of Engineering (MEng)
• Master of Architecture (MArch)
• Master of Fine Arts (MFA)
• Master of Divinity (MDiv)

Ph.D. (Doctor of Philosophy)

There are many Ph.D. programs and, in general, it’s considered the most advanced type of research degree you can obtain. Ph.D. candidates are required to complete a dissertation to obtain their degree. Unlike a thesis, a dissertation is longer and consists of original research conducted throughout the entire doctoral study. In some cases, students may be awarded a stipend, or pay, to complete the doctoral program and dissertation.

Ph.D.’s take a considerably longer time to complete than a master’s, five to eight years on average, and they carry a rather high rate of noncompletion due to time and financial commitments. Many Ph.D. programs have stipends available, so it’s important to inquire about that when researching a particular program.

Specialized doctorate programs

As with master’s degrees, there are several specialized doctorate programs specific to different disciplines and areas of study:

• Doctor of Business Administration (DBA)
• Doctor of Engineering (EngD/PhD)
• Doctor of Education (EdD/D.Ed)
• Doctor of Social Science (DsocSci)
• Doctor of Professional Studies (DProf)
• Doctor of Architecture (DArch)
• Doctor of Theology (Th.D)
• Doctor of Divinity (DD/DDiv)
• Doctor of Science STEM (Dsc/ScD)
• Doctor of Science Arts & Humanities (DLitt/LitD)

When deciding which one to get, consider your immediate or long-term career goals — which degree would serve you best? In some cases, you can obtain a Ph.D. with just a bachelor’s degree, but often it’s recommended you get a master’s first for the research experience that will be required for a Ph.D.

As with anything, there are exceptions. Students in law school obtain a J.D. (Juris Doctor) but can then further obtain a master’s in a sub-specialty like tax or immigration law. The health care occupations of physical therapist and pharmacist are also doctorate programs obtained post undergrad.

Making your choice

As with any decision, weigh your options, list pros and cons, and go from there. Once you’ve narrowed your options , you’ll have a precise list of programs and institutions generated for your specific goals.

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Master’s Vs. Ph.D.: What’s The Difference?

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Most people have a pretty solid understanding of what a bachelor’s degree is, but master’s degrees and Ph.D.s can often be fuzzier for many.

In this article, we’ll go over each of these degrees and what each one entails.

Key Takeaways:

What Is a Master’s Degree?

A master’s degree – also called a graduate degree – is an advanced degree that people with an undergraduate degree can go on to obtain.

A master’s degree takes about one to three years to obtain. This can change based on the program you pursue and how many classes you take per semester, but the typical master’s degree program lasts about two years.

Again, the actual amount of time a master’s degree requires depends on the program you’re in, how much time you have to dedicate to your classes and research, and how smoothly your research goes, but most master’s degree programs are designed to take two years to complete.

A master’s degree requires a bachelor’s degree. This is the main prerequisite for starting a master’s degree. While some master’s programs require students to have bachelor’s degrees related to the graduate program, others don’t, allowing anyone with any area of expertise to enter as long as they meet the other qualifications .

One of these qualifications is often a passing score on a standardized graduate school entrance exam such as the GRE, GMAT, LSAT, or TOEFL.

A master’s degree mostly involves coursework with one to two semesters dedicated to research for a thesis and/or capstone project. This thesis or project (or combination of both) is a requirement for graduation and must be approved by and presented to the program faculty (called a defense).

While the student is working on this research, they’re usually taking classes as well.

A master’s degree can prepare you for almost any career. You can find people with master’s degrees in virtually any industry, and you can find a master’s degree program for a wide variety of interests.

Some people choose to pursue their master’s in order to build a more advanced and/or specialized knowledge base in their field or to open up opportunities in an entirely different field than they’d originally been working in.

What Is a Ph.D.?

A Ph.D. is a doctoral degree that many people pursue when they want to work in research or academia. It’s the highest degree someone can obtain.

A Ph.D. takes three to seven years to obtain. Usually, though, it takes closer to five to seven years to obtain a Ph.D. The length of time it takes you to finish a doctorate program will depend on the particular program, how much time you have to spend on classes and research, and how long your dissertation takes to research and complete.

A Ph.D. usually requires a master’s degree. Usually, your master’s degree has to be at least somewhat related to the Ph.D. program you’re trying to enter so that you have a solid knowledge base going into your research.

However, many programs combine their master’s degree and Ph.D. programs so you can start right out of undergrad and get it all done in one place. Sometimes these programs even take less time since they often require less research than two separate programs would.

A Ph.D. involves some coursework but mostly focuses on research for a dissertation. Generally, Ph.D. students spend just a few years on coursework and focus the majority of their time conducting research and writing their dissertations.

This is because their research generally has to be more original than many graduate program projects are and often requires them to obtain their own funding, which can take time.

In addition to a dissertation, Ph.D. students also may have to pass a comprehensive exam before they can graduate.

A Ph.D. can prepare you for a career in research and/or academia. If you want to continue conducting research in your field for a company or a university, or if you want to become a university professor , you’ll need a Ph.D.

As a result, many people obtain their Ph.D.s if they are interested in either of those options, even if they end up working in a regular job as part of their career as well.

Master’s Vs. Ph.D. FAQ

Can you get a Ph.D. without a master’s?

Yes, you can get a Ph.D. without a master’s. Many Ph.D. programs in the U.S. will accept students who have only earned their bachelor’s degrees. However, usually, this means that the Ph.D. program is a little longer than it would be otherwise, as it also includes the master’s degree requirements.

Many students still prefer this route if they know they want to get a Ph.D., as it often still ends up being shorter than it would be to obtain their master’s degree and then a separate Ph.D. You should only take this route if you’re very sure that you want to get your Ph.D., though, as it requires a significant amount of time and money.

Is a Ph.D. above a master’s?

Yes, a Ph.D. is above a master’s. A Ph.D. is the highest level of academic study, and a master’s degree is the second highest. Both are higher than a bachelor’s degree.

There are some master’s degrees, however, that are terminal degrees, which means there isn’t a higher degree than a master’s degree in that area of study. One example of this is a Master of Fine Arts (MFA). Because it’s a terminal degree, it’s considered similar to a Ph.D. in that field.

This is because a Ph.D. is a terminal degree in other fields of study and designates someone who has obtained the highest level of education possible in that field.

What are the four types of degrees?

The four types of degrees are associate’s, bachelor’s, master’s, and doctoral. An associate ’s degree typically takes about two years to earn and focuses on general education with a few specialized classes. These degrees are designed to prepare graduates to enter the workforce.

A bachelor’s degree usually takes about four years to complete and includes both general education and about two years of classes in the student’s chosen field. Typically, bachelor’s degree holders are eligible for careers in virtually any area, as well as many managerial and mid-level positions.

A master’s degree typically takes about two years to complete and includes both classwork and research in the student’s chosen field of study. Many students earn their master’s degrees because they want to take on an administrative or managerial role in the future.

A doctoral degree (which includes Ph.D.s) is a terminal degree for most fields, which means it’s the highest degree someone can obtain in that area. These degrees take between three and seven years to earn, and they focus mainly on research, although they have some classwork as well.

People who want to conduct research or work in academia often earn their doctoral degrees.

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Master’s vs PhD: Which Degree Is The Right One for You?

What is the right program for you? Master’s vs PhD: Meet the differences, the costs, prospects, and everything else you need to know.

Making the choice to pursue a graduate degree is a significant and frequently life-changing decision. Choosing between a Master’s and a PhD program, on the other hand, can be a challenging decision for many people. Both master’s and PhD programs provide advanced knowledge and expertise, but they differ in length, depth of study, and professional opportunities. 

Knowing the distinctions between these two programs might assist you in making an educated decision about which degree to choose. In this article, let’s go over the significant distinctions between Master’s vs PhD degrees, so you can better understand which program may be the optimal fit for your objectives and aspirations.

What are the main differences between Master’s vs PhD?

Which should you choose?

The decision between a Master’s and a PhD program is ultimately determined by your personal goals, interests, and career objectives. Here are some additional considerations to think about before making this decision:

• Time commitment: PhD programs generally require a greater time commitment than Master’s degrees, evaluate if you are willing to commit to a program for four to seven years.
• Personal goals and interests: Evaluate your own goals and interests, such as the desire to contribute to your profession, grow in your job, or obtain specific knowledge and abilities. 
• Funding: PhD frequently include financing possibilities, such as research assistantships or fellowships, which can help alleviate tuition and living expenses. While making your decision, consider whether financial opportunities are relevant to you.
• Aspirations for a career: Determine what sort of career you want to pursue after finishing your degree. A PhD may be required if you want to work in academia, research, or leadership. But, if you want to advance in your current career or pursue a position that does not need a PhD, a Master’s degree may suffice.
• Research: PhD programs place a heavy emphasis on research, so if you like performing research and are eager to contribute to your profession via original research, a PhD program may be a suitable choice.

Before deciding on a program, it is critical to acquire information and thoroughly analyze the different programs, as well as speak with existing students and professionals in your industry. Take your time and make sure you have all of the information you need to make an informed decision.

Understanding the costs

The costs of earning a Master’s degree and a PhD degree can vary based on a range of aspects, including the institution, program, and location. Tuition and fees are considerable costs for both degrees, with PhD programs sometimes costing more owing to their length.

According to Educational Data Initiative , a Master’s degree costs $62,650 on average, and a PhD degree costs $103,700 on average, however, this varies according to the institution, field, and duration of the program.

It is essential to carefully assess the costs of different programs and funding sources, as well as the possible return on investment for each degree. 

Career prospects for a Master’s vs PhD

Ultimately, both a Master’s degree and a PhD may lead to meaningful careers with diverse prospects for professional growth, income potential, and leadership roles.

Graduates with a Master’s degree can develop their careers in a specialized subject or explore a new professional path. The degree can lead to higher-level jobs and leadership positions in a wide range of industries. Furthermore, many countries and institutions need a Master’s degree before beginning a PhD program; in these circumstances, a Master’s degree might lead to a PhD.

A PhD is sometimes required for academic roles such as professor or researcher. PhD graduates are also well-prepared for research roles in government, non-profit, and private businesses. Nevertheless, PhD graduates may earn more than those with a Master’s or a Bachelor’s degree and it can qualify individuals for positions of leadership in research and development.

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Masters vs PhD – What’s the best degree for me?

In the US, a Master’s degree is not required for a PhD – unlike most European countries, where it is a prerequisite. Thus, in the US, deciding between a Master’s degree and a PhD can be a challenging question. By understanding the distinction, you can determine which program aligns best with your aspirations and goals. This article will provide insights into the structure, requirements, and outcomes of both degrees, helping you make an informed decision.

MASTER’S VS PHD DEGREE – WHICH IS BETTER FOR MY CAREER?

If you’re a recent graduate student looking to further your academic career, a Master’s degree might be the first step. But for those aiming for a career as a tenured university professor or to lead their own research group, pursuing a doctoral program to get a higher degree could be the better option.

Choosing the right degree program requires understanding the main difference of Master’s vs PhD.

WHAT IS THE DIFFERENCE BETWEEN A MASTER’S AND PHD?

The most important difference between Masters and phd programs is the focus and the duration.

A Master’s degree is designed as an advanced study in a specific field following a bachelor’s degree. It typically involves structured coursework, sometimes combined with research, resulting in a thesis or project.

A PhD, commonly known as a doctorate, is a research-focused degree regarded as the highest academic degree in higher education. This doctorate degree usually requires a dissertation based on original research.

This table that summarizes the key differences when considering Master’s vs PhD degrees:

HOW LONG DOES IT TAKE TO COMPLETE A MASTER’S OR A DOCTORATE?

A Master’s program typically takes one to three years to complete, depending on the type of degree and the field of study. On the other hand,  a PhD program can take anywhere from four to eight years , with the exact duration varying based on goals of the PhD candidates, the subject, the doctoral program’s requirements, and the time taken to complete the PhD dissertation.

IS A MASTER’S DEGREE A PREREQUISITE FOR A PHD OR DOCTORAL DEGREE?

In the United States, a Master’s degree is *not* required for a PhD. In contrast, in most European countries, a Master’s degree is a requirement for a PhD.

In the US , many PhD programs accept applicants with only a Bachelor’s degree. This is because PhD programs in the US typically include a Master’s component in the first few years. Students take coursework, complete research rotations, and pass qualifying exams before advancing to the dissertation phase.

In Europe , PhD programs are typically shorter, lasting 3-4 years. As a result, students are expected to have a stronger foundation in research before starting their doctoral studies. A Master’s degree allows students to develop their research skills, learn about their field of interest, and explore different research topics.

Here is a table that summarizes the key differences between PhD requirements in the US and Europe:

However, there are some exceptions to the general rule that a Master’s degree is required for a PhD in Europe. For example, in some countries, students with a four-year Bachelor’s degree may be able to apply directly to a PhD program. Additionally, some European universities offer joint Master’s-PhD programs that allow students to earn both degrees in a shorter period. However, these are structured to streamline the educational process and are often very competitive.

IS A SEPARATE MASTER’S DEGREE WORTH THE EFFORT?

In the US, a Master’s is not a prerequisite for a PhD because PhD programs typically include a Master’s component in the first few years.  Thus, a  separate  Master’s degree is probably not necessary in the US.  Most common Master’s degrees cater to professional fields, and a typical Master’s degree program is often designed to be a terminal degree.

In contrast, in most European countries, the discussion about a  separate  Master’s degree does not make sense because a Master’s program is required to reach the qualification for the PhD level.

WHAT’S THE FOCUS OF MASTER’S VS PHD: COURSEWORK VS RESEARCH?

A Master’s degree involves structured coursework which allows students to deepen their understanding of a particular subject . Some Master’s programs may also have a research component leading to a thesis.

In contrast, a PhD is primarily research-focused . While there might be some coursework in the initial years of study, the main focus is on independent research, leading to the creation of new knowledge.

Graduate programs in related fields like social work or clinical psychology may offer  specialized Master’s degrees , such as the Master of Social Work (MSW) or Master of Arts in Clinical Psychology, designed to build academic and professional skills.

If you’re wondering whether to take the next step towards a Master of Business Administration (MBA) or a Juris Doctor (JD), which are considered  professional degrees rather than research degrees , assess the degree level that aligns with your professional goals.

For graduate students who have set their sights on becoming doctoral students, PhD programs offer a deep dive into postgraduate study. However, degree requirements for graduate school can be pretty rigorous, especially for a specialized Ph.D. program.

The life of a PhD student is marked by hard work and a deep commitment to contributing original knowledge to their field. Typically, Ph.D. candidates spend their academic year fully immersed in research projects, including anything from scientific research in clinical psychology to molecular biology.

ADVANTAGES OF A RESEARCH MASTER’S DEGREE

Opting for a research Master’s degree, such as a Master of Science, allows for a combination of coursework and a research project, often culminating in a thesis.

This path can provide rigorous training programs in research methodology and data analysis, valuable for those considering eventual doctoral degree pursuits.

Additionally, for those questioning if a doctoral degree is a good investment of time and resources, a Master’s program may be a sensible interim step to gain further work experience and professional development.

IS A PHD THE HIGHEST ACADEMIC DEGREE?

Yes, a PhD (Doctor of Philosophy) is often regarded as the highest academic degree in many fields.

However, it is helpful to note that  a PhD is not universally the highest degree in all fields . For example, in professional fields like law and medicine, the  Juris Doctor (JD)  and the  Doctor of Medicine (MD)  are terminal degrees for professional practice but differ from a PhD.

Additionally, other degrees represent the highest level of professional achievement in their respective fields, such as the  Doctor of Education (EdD), Doctor of Business Administration (DBA),  or  Doctor of Engineering (EngD) .

In some cases, there are also specialized degrees that go beyond the PhD in certain fields. For example, the  Doctor of Science (ScD)  or  Doctor of Letters (DLitt)  may be considered higher or at least on par with the PhD, depending on the institution and country. These are often awarded for a substantial body of academic research and publication.

CAREER PROSPECTS AFTER A MASTER’S VS PHD DEGREE

It is important to consider how each degree can also shape your career in science. A Master’s degree can open up opportunities for higher salaries and specialized job roles that might require a deep understanding of a particular area. You also start earning earlier compared to a PhD candidate. For example, with a Master of Public Health, you might immediately enter the workforce in your specific domain.

A PhD prepares individuals better for a research career in academia or industry. However, many PhD graduates also pursue roles in consultancy or policy-making. Someone with a PhD entering a different field may find that their degree gives them an edge in research and analytical skills.

It is crucial to assess the career and salary outcomes of the respective degrees to determine which is the most suitable for you.

WILL A PHD HELP ME EARN A HIGHER SALARY?

Generally, individuals with a PhD tend to earn higher salaries than those with just a Master’s degree. The advanced knowledge, specialized skills, and research experience gained during a PhD program make individuals more valuable in the job market, leading to better job prospects and higher earning potential.

WHICH GRADUATE DEGREE PROGRAM IS MORE EXPENSIVE? MASTER’S VS PHD?

The cost of pursuing either a doctorate or a Masters degree is a significant factor. While a Master’s degree can also be costly, PhD programs often come with more opportunities for financial aid such as fellowships or teaching assistantships, which can significantly reduce your total cost.

Prospective students must research and compare the salary outcomes and potential debt of Master’s and doctorate degrees. Salary is one of several crucial factor to choose a position.

When considering graduate programs, financial aid is a significant factor. While the costs of a Master’s program can vary, many students take out student loans.

The cost of a Master’s degree can be offset by working as a research assistant, which helps financially and enhances practical skills and subject knowledge essential for a successful professional career in science. Similarly, doctoral programs often offer substantial financial support, such as stipends.

The availability and extent of financial support can greatly vary depending on the field of study, institution, and country. Not all doctoral programs offer substantial financial support, and some students may still need to rely on loans or personal funding. However, there are many  free or fully funded PhD programs .

The cost of tuition varies widely between institutions and countries. The duration of the programs can also affect the overall cost. Typically, a Master’s program is shorter in duration than a PhD, which might imply that even if the annual costs are higher for a Master’s, the total cost could be less due to the shorter time frame.

Finally, you must consider the indirect costs of graduate education, such as living expenses, which can vary widely and impact the  overall costs and duration of pursuing a graduate degree.

SCOPE AND DEPTH: MASTERS DEGREE THESIS VS PHD DISSERTATION

While both a thesis (usually associated with a Masters degree) and a dissertation (associated with a PhD) involve research, the depth and scope differ. A Master’s thesis focuses on a particular topic, offering a new perspective or a deeper understanding. In contrast, a PhD dissertation involves extensive research to create new knowledge or theory in the chosen field.

IS A CAREER IN ACADEMIA THE ONLY PATH FOR PHD GRADUATES?

No. While many with a PhD degree pursue roles in academia, others venture into the corporate world, non-profit sectors, and governmental roles. Industries that require specialized knowledge or research skills often value PhD graduates.

It’s worth noting that some sectors that do not require a PhD may find the expertise of someone with a doctorate advantageous.

FACTORS TO CONSIDER BEFORE APPLYING FOR A MASTER’S DEGREE OR A PHD

When deciding between a Master’s vs PhD, consider the following:

Your scientific career goals : Do you see yourself in academia or research?

Duration of study : Are you ready to commit several years to a doctorate?

Financial aspects : Can you support the cost of tuition or are there scholarships available?

Passion for research : A PhD will require intense, focused research. 

• Master’s degrees are typically coursework-focused with some research, while PhDs emphasize extensive research.
• PhDs generally take longer to complete than Master’s degrees.
• Career opportunities vary, with PhDs preparing individuals mainly for roles in academia and research, though other industries also value doctorate holders.
• Financial considerations are vital, with PhD programs often providing more financial support than Master’s programs.
• A passion for research and commitment to the subject are crucial for those considering a PhD.

Deciding whether to complete a PhD or Master’s degree varies greatly depending on personal career goals and academic interests. For a lot of people, graduate studies at the Master’s level provide sufficient qualifications for their intended career paths. However, if you aim to immerse yourself in academia or high-level research, a PhD is likely the better choice.

FREQUENTLY ASKED QUESTIONS (FAQ)

Which degree is right for me, a master’s or a phd.

Choosing between a Master’s degree and a PhD depends on your scientific career goals and personal aspirations. When considering an advanced degree, it’s essential to contemplate the significant differences between a Master’s degree and a PhD.

A Master’s program typically offers a structured path, often leading to a thesis-driven Master’s degree, which may be the best fit for students seeking to enhance their skills in a specialized area without the commitment to the long haul of a PhD study.

A PhD may be a better fit if you are interested in pursuing a research-oriented career or becoming a subject matter expert in a specific field. However, if you want to gain specialized knowledge and skills in a particular profession or industry, a Master’s degree could be the best choice.

WHAT ARE THE BENEFITS OF GETTING A PHD VS MASTER’S?

Earning a PhD offers several advantages. It allows you to  become an expert in a particular area of study  and opens up opportunities for advanced research and teaching positions. A PhD also enhances your critical thinking, problem-solving, and analytical skills. Additionally, individuals with a PhD generally earn higher salaries than those with a Master’s degree.

HOW LONG DOES IT TAKE TO COMPLETE A MASTER’S VS PHD?

The duration of a Master’s or PhD program varies depending on the field of study, research topic, and individual circumstances. On average, it takes around 1-3 years to complete a Master’s, while it takes around 4-7 years to complete a PhD, including the time spent on coursework, research, and dissertation writing. Several key factors  influence the duration of a doctorate .

CAN I APPLY FOR A PHD PROGRAM WITH JUST A BACHELOR’S DEGREE?

Typically, most European PhD programs require applicants to have a Master’s degree or its equivalent, while US universities accept candidates with only a bachelor’s degree because their PhD programs contain a Master’s component.

CAN I SWITCH FROM A MASTER’S PROGRAM TO A PHD PROGRAM?

Yes, it is possible to transition from a Master’s program to a PhD program. Many universities offer an option to apply for a PhD program after completing a Master’s degree. However, admission is competitive, and you will need to meet the additional requirements set by the PhD program, such as research experience and a strong academic record.

CAN I PURSUE A PHD IN A DIFFERENT FIELD THAN MY MASTER’S DEGREE?

Yes, pursuing a PhD in a different field is possible than your Master’s degree. However, switching fields may require additional coursework and research experience to bridge the knowledge gap. It’s essential to consider the specific requirements and expectations of the PhD program you are interested in.

WHAT IS THE DIFFERENCE BETWEEN MASTERS VS PHD PROJECTS?

In a Master’s program, the final project usually focuses on applying the knowledge gained during the program and demonstrating Mastery of the subject. In a PhD program, the emphasis is on conducting original research that contributes to the existing body of knowledge in the field. A PhD project typically involves a more comprehensive and in-depth study.

WHAT ARE THE CAREER OPPORTUNITIES AFTER COMPLETING A PHD?

Completing a PhD opens up a wide range of scientific career opportunities. Graduates with a PhD often pursue careers in academia as professors or researchers. The path to become a tenured professor is long, thus, reflect carefully whether it is worth it to become a professor.

PhD graduates can also work in research and development roles in industries, government agencies, non-profit organizations, and consulting firms. Additionally, a PhD can lead to leadership positions in various sectors and provide opportunities for entrepreneurship.

ACKNOWLEDGMENTS

I have used AI systems, including Grammarly, Google Bard, and ChatGPT, to enhance the English and comprehensiveness of this article. This post may contain affiliate links, meaning I get a small commission if you decide to purchase through my link. Thus, you support smartsciencecareer at no cost to you!

RECOMMENDED READING

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Sven Hendrix is a Professor of Neuroanatomy at Medical School Hamburg (MSH) in Germany. He leads a research group dedicated to the neuroimmunology of brain repair and the development of xenofree organoid models as alternatives to animal experiments. Additionally, he serves as the speaker for CENE, a center focused on academic career development across MSH, Medical School Berlin (MSB), and the Health and Medical University (HMU) in Potsdam and Erfurt, Germany.

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• Masters vs PhD – Differences Explained
• Types of Doctorates

The decision of whether or not to pursue a Masters or PhD (or both) after you complete your undergraduate studies is not necessarily a straightforward one. Both are postgraduate degrees but are different in terms of the academic experience and the career paths taken afterwards.

In short, a Masters degree involves a year of study, primarily through taught lectures and a final dissertation research project, whilst a PhD (also referred to as a doctorate degree) is a three-year commitment of independent research on a specific subject.

There’s more to it than that, however – read on for more information.

What Is a Masters Degree?

A Masters degree is the next level of education after the completion of an undergraduate degree, commonly known as a Bachelors.

These degree levels are often referred to in terms of cycles so that a Bachelor’s is a first-cycle degree, a Masters is a second-cycle and finally, a PhD is the third-cycle of higher education (and the highest).

Masters degrees demand an intense period of study, usually centred around a core series of lectures and taught modules, coupled with coursework assignments and exams, followed by the completion of a contained research project usually taking students 3-4 months to complete.

These types of degrees are attractive to recent graduates who want to delve deeper into their specific field of study, gaining some research experience and more specialised knowledge beyond what an undergraduate degree can offer.

Equally, some pursue a Masters degree program in a subject that is only tangentially related to their Bachelors degree, helping them gain a broader depth of knowledge.

These degrees also serve as a significant stepping stone for those already in employment who want to progress their current career development and earn a higher salary. They can also be an excellent method for helping in changing careers completely by learning new skills and subject knowledge.

What Is a PhD Degree?

A Doctor of Philosophy (PhD) is the highest academic degree that can be awarded and is the third and final cycle in the progression of higher education.

A doctoral degree is earned on the basis of producing a significant, independent and novel body of work (a Thesis) that contributes new knowledge to a particular research topic.

These are research degrees that are a significant investment of a candidate’s time, resources and energy and are all but a pre-requisite for anyone considering a career in academia, such as eventually becoming a professor.

There are some exceptions to this, such as those with a medical background who may earn an MD (Doctor of Medicine), which is the equivalent of a PhD.

Doctoral degrees can also have a significant positive impact on career development outside of academia, especially in fields such as engineering, business and finance that have a high demand for highly qualified and capable people.

A graduate student engaged in PhD study is commonly known as a PhD student, PhD candidate or doctoral student.

What are the Benefits of a Masters Degree?

There are several reasons one might consider doing a Masters degree rather than a PhD in their graduate education. These include:

• It takes approximately a third of the time to do compared to a doctorate degree and costs less too.
• It’s a good way to differentiate yourself from those that hold only an undergraduate degree without having to commit to a substantial research degree.
• The end goal is more career-focused as opposed to research-focused. For example, it is practically an ‘easier’ route to changing or progressing your career if that aligns with your professional goals.

What are the Benefits of Doing a PhD?

You may continue on into a doctoral program after a Masters or you may even dive straight in after completing your undergraduate studies. So, what are the advantages of completing this third-cycle?

• You’ll have developed a wealth of transferable skills at graduate school, such as effective communication of complex concepts, multi-tasking time-management and the ability to adapt to and solve unexpected problems.
• A doctorate helps to establish you as an expert within your chosen subject area; your work will hopefully have furthered the knowledge in this.
• It will open up career paths and teaching positions within academia that may otherwise be very difficult to get a hold in (although these career paths will still be very competitive).
• You can add the title ‘Dr’ in front of your name!

Which Degree Is More Impactful: A Masters or a PhD?

On paper, the answer should be clear: A doctorate degree is the highest degree you can earn, so has more impact than a Masters, which in turn has more impact than a Bachelors.

The reality is that the size of the impact (if any) really depends on the subject area and the career path you choose (if the measure of impact is how it positively improves your career prospects, that is).

For someone with aspirations of becoming a professor, a PhD will be of greater value than a Masters alone.

Equally, it’s also possible that someone with a PhD entering a different field or one that doesn’t require a PhD may find that their degree has no bearing on their career or in some cases may even be seen as a ‘negative’ with a concern of the person being ‘over-qualified’ for a position. There are many scenarios in which professional experience would be more valuable to an employer than a doctorate degree.

Check out the links below to our interviews with Prof. Debby Cotton and Dr Nikolay Nikolov to read their experiences of when a going through a PhD program has had a clear benefit (Prof. Cotton) and when it hasn’t been helpful (Dr Nikolov).

Do You Need to Have a Masters to do a PhD?

This really depends on the university, department and sometimes even the project and supervisor.

From a purely application process perspective, some institutions may formally require you to hold a Masters degree relevant to the subject of the PhD project before you can enter their doctoral program.

In another scenario, most universities are unlikely to accept candidates that were awarded below a 2:1 (in the UK) in their undergraduate degree but may consider someone who has ‘made up’ for this with a high-grade Masters.

Lastly, some universities now offer PhD programmes that incorporate an additional year of study in which you would complete a Masters degree before carrying directly on into a PhD project. As you’d expect, even if a university doesn’t formally require you to hold one, a Masters degree can help separate you from other applicants in being accepted on the project.

Check out our detailed guide to doing a PhD without a Master’s .

Why Do a Masters before Your PhD?

Even if you don’t need to have one, it could still be beneficial to begin your postgraduate study by doing a Masters first before you embark on your doctorate journey.

As mentioned previously it’ll help you stand out from applicants that don’t have one, but beyond that, it’ll give you a taster of what research life could be like, especially if you stay at the same university and department for your PhD.

The one-year commitment (in the UK at least) of carrying out a Masters first, and in particular your research project, will help you better understand if this is truly something you want to commit the next three or more years to.

You’ll learn some of the skills of independent research, from performing detailed literature searches to more complex, analytical writing.

At the end of it, you should be in a stronger position to consider your options and decide about whether to continue into a PhD at graduate school.

Finding a PhD has never been this easy – search for a PhD by keyword, location or academic area of interest.

How Long Does It Take to Get a Masters Degree?

In the UK, a full-time Masters degrees take students one calendar year to complete: The programme of study usually starts in September, the final research project the following April and final project viva around August. Part-time degrees are usually double the time.

How Long Does It Take to Get a PhD?

In the UK, most PhD projects take 3-4 years to complete , as reflected by the majority of funded projects offering stipends to cover living expenses of about 3.5 years.

For many reasons, projects may end up taking longer to complete, however. This might be because of difficulties in collecting enough data, or if the project is being done part-time.

Which One is More Expensive to Do?

As you’d expect, as a PhD takes three times as long to complete as a Masters degree, it will cost you more to do as far as university fees are concerned.

Another thing to consider is that many PhD projects come with some level of funding equivalent to a low salary, which may cover the cost of tuition fees and living expenses, whilst it is usually more difficult to obtain funding for Masters study.

Conversely, a Masters graduate may progress into a higher (versus PhD funding) salary sooner whilst a PhD student will endure three years of a comparatively low income.

A Masters vs a PhD: Conclusion

If you’re considering continue further graduate study after your undergraduate degree, the question of doing a Masters vs a PhD is likely to come up. They are both considered an advanced degree, each with their own advantages.

There are benefits to doing either of these graduate programs or even both of them; your decision here can be easier if you have an idea of the career you want to follow or if you know you have a love for research!

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• The Difference Between Masters and PhD Study

Written by Sarah Hastings-Woodhouse

The main difference between a Masters and a PhD is the purpose of each degree. A Masters degree involves expanding your understanding of existing scholarship in a particular subject area. The purpose of PhD study, on the other hand, is to make an original contribution to your field.

So, the biggest adjustment to expect as you progress from Masters to PhD study is a higher degree of independence (and responsibility). Beyond widening your expertise and improving your research skills, you’ll be expected to break new academic ground.

But exactly how will your academic life change as you make the leap from Masters student to PhD candidate? In this guide, we’ll provide a quick overview of how PhD and Masters study compare, including applications, course structure, assessment and more.

Applications

If you’ve already completed an undergraduate and a Masters degree, you might consider yourself something of a university applications veteran. How different can applying for a PhD really be?

There are quite a few similarities between the Masters and the PhD application process. Both will tend to require:

• A personal statement
• Your academic transcript
• Details of at least two referees

As at Masters level, you’ll submit each application directly to your chosen institution, usually through the university’s own applications portal.

The process of applying for a predesigned PhD will more closely resemble that of applying for a Masters. But if you’re planning on designing a self-proposed project , you’ll be in slightly more unfamiliar territory. Rather than responding to an advertised PhD project in your application, you’ll essentially be writing that project specification yourself in the form of your research proposal .

An academic CV is only occasionally required for a Masters application, but almost always required for a PhD application. Its purpose is to summarise your professional and academic experience, in order to demonstrate that you’re well-qualified to complete the project.

It’s useful to think of applying for a PhD as similar to applying for a job. While an application for a taught programme (such as a Masters) involves communicating why you want to study the course and how you feel it will aid your academic and professional development, the focus of a PhD application should be what you can do for the institution. Remember that, if successful, you’ll become a valued member of an academic department, and that those reviewing your application are your prospective colleagues!

Applying for a PhD also requires an extra step that you won’t have encountered at Master’s level – contacting prospective supervisors . It’s often preferable to complete this stage before you submit your final application (though this can vary from institution to institution). Reaching out to supervisors can be an intimidating and confusing process, especially since you won’t have had to do anything similar for previous applications. Our handy list of dos and don’ts will help ensure you’re familiar with all the relevant etiquette before you click send!

Applying for a PhD

Want to know how to apply for a PhD in more detail? Have a read of our step-by-step doctoral application guide.

The MPhil to PhD upgrade

As we’ve said, the main difference between a Masters and a PhD is that the latter requires you to contribute original material to your field. This might be a daunting prospect, but luckily the first phase of a PhD usually acts as something of a ‘transitional’ period which should help you adapt to the demands of doctoral study.

In the UK, most PhD students are initially registered for a Master of Philosophy (MPhil) degree, before being ' upgraded ’ to the status of full PhD candidate (this will occur after 9-18 months for full time students, or after 15-24 months for part-time students).

This first stage of your PhD will largely be spent writing up your upgrade report . The largest component of this will usually be a literature review . You’ll likely have written a literature review as part of your Masters dissertation , so this part shouldn’t be too unfamiliar. You’ll need to demonstrate a comprehensive and critical understanding of existing scholarship in your field and situate your own research within this wider academic context.

This time round, however, you’ll need to illustrate how your research will contribute something new to the field. Don’t panic, though – now isn’t the time to present any original findings in detail (save that for your final thesis). You just need to identify a gap in the academic market and indicate how you plan to fill it.

The rest of the upgrade report should illustrate how you plan to progress with your project. You will be required to include a research question, planned methodology and a rough timetable of future work. Sometimes, you’ll also submit a sample of work you’ve already done towards your thesis.

You’ll then complete an oral presentation known as the PhD upgrade viva . It’s uncommon to ‘fail’ a PhD upgrade, though you may be asked to repeat the process if there is any concern about your progress. The important thing to remember is that you won’t progress to the status of full PhD candidate until the department is satisfied that you’re ready to (and you’ll often be given a couple of shots at demonstrating this).

Course structure

The most obvious difference between a Masters and a PhD in terms of overarching course structure is length. Whereas a Masters is completed in 1-2 years, a PhD will usually take 3-4 years (if studied full-time) or 5-6 years (if studied part-time).

3-4 years may sound like a long time, but by the end of a PhD you’ll not only researched, written and defended your thesis but also amassed significant additional experience. This might include:

• Publishing papers
• Presenting at academic conferences
• Administration within your department

Despite having longer to complete it, you can expect to work at a similar level of intensity for your PhD as you did for you Masters – and to undertake a much wider variety of activities in the process.

At undergraduate and Masters level, you’ll have grown used to each year of study being structured similarly. While the complexity of material will increase as the course progresses, each academic year will have followed a similar format (a series of taught modules culminating in assessment through examination or coursework).

A PhD, by contrast, moves through a series of phases. In your first year, you’ll usually write up a comprehensive overview of existing scholarship in your field in the form of a literature review and draw up a plan for the completion of your project. Your second year will typically be dedicated to completing the bulk of your research , before you write up your final dissertation over your third and fourth years. You can find out more about each stage in our guide to the PhD journey .

PhD candidates aren’t assessed in the same way as Masters and undergraduate students – so yes, you can wave goodbye to regular coursework and exams! You’ll only be formally ‘examined’ at two points during your programme – your PhD upgrade viva (as explained above), and your final viva voce , in which you’ll defend your final thesis in an oral examination.

This doesn’t mean it will be a complete free-for-all between these two milestones, however. Most universities will monitor your progress to make sure that you are continuing to meet the standards of the department year-on-year.

It’s common for PhD candidates to be monitored through progression reviews (which are generally annual for full-time students). You may have to submit a report outlining how your thesis has progressed to date and what your plan is for the following year, as well as any training or other university work (such as teaching) you have undertaken. If the department feels that you haven’t made sufficient progress, you may be required to register for a lower award, or to leave the university altogether.

At Masters level, you’ll have been given a grade out of 100 for each examination or piece of coursework (if in the UK) and graduated with a degree classification ranging from a Distinction to a Fail. At PhD level you won’t be ‘graded’ as such – it’s better to think of your viva examinations and progression reviews as a series of checkpoints that you’ll need to pass in order to earn your doctorate.

Ultimately, the outcome of your final viva will either be that you are awarded a PhD or that you are not (or that you might be after you’ve made some tweaks – see our full guide to viva voce results ). There’s no such thing as a ‘good’ or ‘bad’ PhD in the same way that you can receive different classifications of Masters degree.

Hopefully this guide has given you some idea of how PhD and Masters study compare, and helped you feel a little less apprehensive about making the leap!

To find out more about PhD study, have a browse of the many detailed guides in our advice section .

Ready to do a PhD?

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Want More Updates & Advice?

What happens during a typical PhD, and when? We've summarised the main milestones of a doctoral research journey.

The PhD thesis is the most important part of a doctoral degree. This page will introduce you to what you need to know about the PhD dissertation.

This page will give you an idea of what to expect from your routine as a PhD student, explaining how your daily life will look at you progress through a doctoral degree.

Our guide tells you everything about the application process for studying a PhD in the USA.

The UK education system is divided into levels. This guide is your one-stop overview into what these levels are and what they mean for postgraduate students.

Is your supervisor moving universities? Or have you discovered another doctoral programme that better suits your goals? In this guide we take a look at how you can transfer a PhD to another university.

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Double Master's Versus Ph.D.

Different Types of Doctoral Degrees

Earning a master's or doctoral degree shows that you have a certain depth of knowledge when it comes to your subject area. Certain careers might require one of these degrees; others might see it as an exceptional bonus; and for others, neither might be necessary. When thinking about your education, look at the practicalities. Determine which type of degree will most help you attain your goals.

Joint Degrees

If you're just looking into getting your first master's degree, you'd be wise to look at the school's joint offerings. In these cases, you'd be working toward two related master's degrees. For example, Stanford University offers a joint program earning a master's degree in education alongside a Master of Business Administration degree. This would be ideal for someone looking to get into educational administration. When working on joint degrees, some of your classes will count toward both degrees, so you can save time. For example, the typical master's program takes about two years to complete, but you could earn the joint degree in three years versus two years for each degree.

Second Master's Degree

If you already have a master's degree, getting a second degree is likely to take as much time as getting your first one. It may be ideal for those who are looking to go into a radically different field, such as changing from a career in the sciences to working in business, law or education. However, two master's degrees in somewhat similar fields, such as chemistry and chemical engineering, may not make much of a difference when it comes to your career.

Doctor of Philosophy Degree

The Ph.D. can take up to eight years beyond the master's degree, as it requires you to take about two years of additional coursework as well as produce a dissertation that represents a meaningful contribution to your field of study. A doctorate shows that you have significant depth of knowledge in your area, and it is often a requirement if you want to teach in academia. Depending on what you study, a Ph.D. can also help with a career in business or in private research.

Which Is Right?

The right path to take depends on where you are now and where you want to end up. The joint degree may be an obvious choice for those who do not yet have a graduate degree and who have a good idea of what they want to use the degrees for. Getting two master's degrees in unrelated fields may seem to show a lack of commitment, though it can also signal a commitment to a new field, particularly if you're earning the second degree later in life. The Ph.D. is a choice for those who are ready to make a significant time commitment to their studies. Consider both whether your target job requires a doctorate and what the employment rate of doctoral graduates in that field is before applying to Ph.D. programs.

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Maggie McCormick is a freelance writer. She lived in Japan for three years teaching preschool to young children and currently lives in Honolulu with her family. She received a B.A. in women's studies from Wellesley College.

Home > Blog > Tips for Online Students > Tips for Students > Master’s vs PhD — These are the Main Differences

Tips for Online Students , Tips for Students

Master’s vs PhD — These are the Main Differences

Updated: June 19, 2024

Published: October 31, 2019

The consideration between earning a master’s vs PhD is not always an easy choice. While many careers and personal aspirations may be complete with just an undergraduate degree (Associate’s or Bachelor’s), a lot of people continue their higher education to obtain graduate degrees. These include a master’s and/or a PhD.

Neither a master’s degree nor a PhD is considered to be a walk in the park. Therefore, it’s useful to understand why you would earn either and then decide how far to go.

Photo by  Good Free Photos  on  Unsplash

Definitions: master’s vs phd.

Bost a master’s and PhD are defined as postgraduate degrees, but they require different commitments and styles of learning.

1. Master’s Degree:

Mostly all master’s degrees will require the completion of an undergraduate bachelor’s degree to enroll. They generally all share the same common requirement for a thesis or dissertation to graduate.

Earning a master’s degree through a taught program will result in the completion of a Master of Art (MA), Master of Science (MS), or Master of Philosophy (MPhil). For those who earn their master’s degree through research, they will earn a Master of Research (Mre), in a tailored field of study. There are also degree-specific master’s programs like Master of Business Administration (MBA) and Master of Education (M.Ed).

After earning a master’s degree, the next step is a PhD, which entails both working and performing research at an institution. A PhD is an abbreviation for “Doctor of Philosophy.” It is the highest academic degree one can achieve. As such, it is a time-consuming pursuit that requires a lot of studying and research.

You may be wondering, “Do you need a master’s to get a PhD?”

Technically, the answer is not always. Some students skip a master’s and go straight for their PhD, but they may lack research experience. While it could save money, the transition between a bachelor’s and a PhD is incredibly sharp. It may be harder to complete a PhD without the experience from a master’s.

Yet, some institutions may allow for the possibility to earn both your master’s and PhD in conjunction with one another. This will alleviate the transition between skipping a master’s and going straight to earning a PhD.

Should You Get a Master’s or PhD?

There are many considerations to factor when deciding between a master’s of PhD. For starters, it’s useful to consider the amount of time it will take, the cost, and the benefits and disadvantages of each. It is also of utmost importance to explore your own personal goals and reasons for wanting a graduate degree.

If your desired career of choice requires a PhD, like becoming a university professor, then you have your answer. If you want to start a business and benefit by networking while in school, a Master of Business Administration (MBA) could be a good idea. Consider what you want to pursue as a career and find out the requirements first.

Another useful thing to note is that a master’s degree can be used for a shift in careers. For example, if you attended college and earned a bachelor’s degree in humanities, but now you want to pursue science, you can still earn your master’s degree in a scientific discipline. On the other hand, a PhD is tailored to your field of study and specialty, so it will require that you are sure of your direction when you first earn your master’s degree.

Length of Time

A typical master’s degree program takes about two years full-time. However, there are accelerated programs that can be completed in just a year or so.

A PhD, in general, requires five to six years of studying, teaching, and research. However, it may even take some students up to eight or nine years to graduate. With this significant investment in time, it’s necessary to know if a PhD is right for you before starting.

The cost of both programs varies by institution and enrollment status of part-time versus full-time. However, since a PhD takes longer to complete, it will end up costing more. With that said, if you look into your return on investment, a PhD could end up yielding a higher salary, and therefore end up “costing less.”

Additionally, there is also the possibility of being paid to complete your PhD. Some students may receive an academic stipend, a university fellowship or apprenticeship or a reduced fee to earn their PhD while completing research (or teaching) at an institution. It’s also possible to get financial aid through a scholarship or grant.

As tuition rates continue to rise, it’s useful to look into alternative institutions for affordable education. For example, the University of the People offers a tuition-free master’s program in Business Administration and Education. This means you can study 100% online and graduate for less than the cost of most programs.

Weighing the Benefits

When comparing the two degree types, here are some benefits of each:

• Career-oriented
• Can open the door for more job opportunities
• Costs less than a PhD
• Takes less time than a PhD
• Helps you stand out from those with only an undergraduate degree
• You can perform research in your field of choice
• You become an expert in your field
• The prefix Dr. is added to your name
• You can teach in academia at the highest level

Required Commitment and Reasons to Pursue

Both a master’s and a PhD require a huge amount of hard work and utter commitment. You must be dedicated and motivated to complete either degree. Since most careers only may require a bachelor’s degree, having a master’s or PhD will set you apart from the competition. However, this should not be the sole reason to pursue either.

You may be wondering why would you earn either degree. Here’s a look at some motivational factors:

Reasons to Study for a Master’s

• Your career requires it (see next section)
• You want to advance your subject knowledge
• You want to experience graduate school and network with peers

Reasons to Study for a PhD

• You want to contribute new research to your field of choice
• Your career requires a PhD
• You want to earn the title of Dr.

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Required degrees by career.

Most people are motivated to pursue higher education because their desired careers require they do so. Here, we will break down those fields that require the completion of a master’s degree as it’s high on the list of reasons why to get one.

• Education Administration: To work as an administrator in an educational institution, you need to hold an advanced degree. A Master’s in Education (M.Ed) will provide you with the necessary knowledge and required skills to succeed in the field.
• Executive Level Business: A Master’s in Business (MBA) will not only place you ahead of the competition to land high-level positions in the field of business, but it can also be the jumping off point for becoming your own boss.
• Environmental Science: With issues in climate change and technological advancement, careers in Environmental Science are growing. As with most scientific careers, it requires a master’s degree where you will learn Applied Ecology, Environmental Policy, Environmental Chemistry, and more.
• Mental Health: To become a licensed practitioner and assist in mental health counseling, you will continue your education through a master’s degree in the field.
• Physical Therapy: Employers of physical therapists often prefer them to obtain a master’s degree in the discipline as the field is highly specialized.

Of course, some careers require a PhD. These careers are easy to spot because they have the prefix Dr. in front of them or the suffix like J.D. (Juris Doctor). To become a lawyer, doctor of medicine, veterinary medicine or psychologist/psychiatrist, you must obtain a PhD in the respective field.

Salary Differences Between Master’s and Ph.D. Graduates

According to a study performed by the Georgetown University Center on Education and the Workforce , the overall evidence shows that the higher the degree you have, the higher your salary potential. However, the differences vary by subject level and field.

In general, the expected lifetime earnings of those with each degree level is as follows:

• High School Diploma: $973,000
• Bachelor’s Degree: $1.3 million
• Master’s Degree: $2.7 million
• Doctorate Degree: $3.3 million

The Bottom Line

Aside from the financial cost and length of time, the opportunity to earn a master’s and a doctorate degree can offer several benefits.

However, it is an undertaking that requires a lot of dedication and motivation on behalf of the student. As such, it’s important to perform research on your desired career’s requirements, as well as your personal interest in pursuing either a Phd vs master’s.

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Double PhD: is it really worth it?

Is it possible to have a double PhD even if the university you are originally applying for doesn't focus on this category? A double PhD is not the same thing as two PhDs. For example, the medical school at the University of Groningen describes its double PhD program as follows:

A Double Degree (DD) PhD means that you will obtain your PhD degree from two different institutions, i.e. a double diploma, sometimes also referred to as a "dual award". A double degree (two diplomas, each of which issued by a single university) should not be confused with a "joint degree" (one diploma issued by multiple institutions).

I'm applying for a PhD position on a university and it does not have a explicit double PhD program (although I know there are some people on another field that held a double PhD from this same university). However, this double PhD degree would be very helpful to me considering my future plans.

From this, I was wondering: could I receive a double PhD if I find a second advisor from another university? Or the universities need to be associated upfront? In this case, if the university I'm apply on does not have an explicit double PhD program, it is possible (for legal issues of diploma printing) to just associate with another university?

My second question is: for an advisor, what is the advantages of having a part-time student? For last, the thesis needs to be approved for both universities... how this happens? I would have to present for both?

• 2 To clarify, a double PhD is not the same as two PhDs. See this meta question –  StrongBad Commented Nov 16, 2016 at 23:50
• 1 I know of a person doing sort of a double PhD in Stockholm University and (MIT/Caltech/Harvard, don't remember which one), arranged by the supervisor, not a program from the institutions. Among other quirks, this means she doesn't qualify for travel funding from either university. –  Davidmh Commented Nov 17, 2016 at 9:25

4 Answers 4

First, a note for those who are not familiar with the terms. In general, double degree or joint degree are degrees awarded by two different universities within a student mobility agreement. They do not refer to the pursue of two independent degrees, as described in this question .

At the Master's level the tradition of double degrees is well established within the EU, and has been going on for more than twenty years, probably 30, since the establishment of the Erasmus programme . Currently, the major EU programme supporting joint degrees is the Erasmus Mundus . The Erasmus+ guide , p. 109, describes the framework of the Erasmus Mundus Joint Master degree. Of course, individual universities can set up joint degrees outside of this programme, especially when one of the partner universities is outside the EU.

At the PhD level things are much less established. As far as I know, the idea of a double PhD degree has emerged only in the last 3-4 years. Before, it was totally unheard of, at least in my country (Italy). Though students are usually encouraged -- and funded -- to spend a period abroad (typically from 6 months to 1 year), this is done within an agreement between two research groups, and not at the university level (though it should be approved by the PhD programme committee).

Usually, to obtain a double PhD degree a student should follow a shared path between two partnering universities. For instance, the two universities might agree that the student shall spend two consecutive years in one university under the supervision of X, and two other consecutive years in the second university under the supervision of Y; that the coursework should be divided equally between the two universities; that the student should defend their thesis in front of a joint committee (or in front of two committees separately); etc.

Since at the PhD level things are much less established with respect to the Master's, I will answer on the basis of my experience: I have a student who is pursuing a double PhD degree; one who initially asked me to do that; and I know a couple of other students from other advisors who are pursuing it.

None of the universities I know of have an explicit double-degree programme for PhDs. In fact, the double degree is usually proposed by a student who thinks, in this way, to strengthen their PhD or to facilitate the immigration in another country. This means that the double degree should be set up on a case-by-case basis, which usually brings about a bureaucratic nightmare, especially for the PhD schools and the advisors. This nightmare comes from the fact that different countries, even within the same region (e.g., EU), have different requirements for what concerns programme duration, funding, coursework, publications and assessment, and finding an agreement is quite complicated.

For instance, if the PhD in one country has a duration of 3 years, and it is funded for that period, who is going to pay for an additional year in a country where the "standard" PhD duration is of 4 years? If there is an ongoing collaboration between two groups it might not be that difficult to find the money, but it could be almost impossible to set up such an agreement out of the box.

As I said, in my experience, the double degree is usually proposed by a student who thinks to strengthen their PhD. I strongly disagree with this premise, and I usually discourage my students from such an idea. A double degree is not stronger than a single one done working hard and with a good publication record. Then, whether it can facilitate or not immigration to another country is questionable: I don't think that, to date, there is sufficient statistics to know this.

As for your last questions:

for an advisor, what is the advantages of having a part-time student?

There is an advantage if there is a collaboration between two groups, otherwise there is really no advantage.

For last, the thesis needs to be approved for both universities... how this happens? I would have to present for both?

These details are really decided on a case-by-case basis, and sometimes the outcome depends on whether one university wants to appear stronger than the other and impose its criteria.

What you are asking is often called "sandwich PhD". It's a European thing, and all programs I know are funded by Erasmus Mundus (which also has a lot of sandwich Master programs).

When you submit a PhD thesis, you often have to state something like " this thesis has not been previously submitted for the award of a degree by this or any other university ".

Therefore, in order to apply to this program, the two universities need to have an agreement before you can apply. Never assume that you can convince the administration of a university to have this agreement for you.

Yes. You need to be approved by the advisors from both universities, and need to submit the thesis to both universities. And this can be very awkward.

I know a person who were in this kind of program. He had worked for two years in the Netherlands, before coming to my university in the UK for the final year. However, the two advisors did not collaborate at all, and did not work on the same topic (although in the same field). During the time in the UK, he could not produce any paper in 1 year in a different topic, while still working with the supervisor in the Netherlands (this is unknown to the advisor in the UK).

After 3 years, the advisor in the Netherlands had 3 papers with him and thought he was good enough to graduate. The advisor in my department had no paper with him, and wanted him to work for another year without scholarship (the scholarship from Erasmus Mundus is fixed). In the end, he had no choice but to quit PhD.

• Good explanation, except the observation that your limited exposure to Erasmus Mundus Joint Doctorate (EMJD) has left you with a negative overview of the program. I know many successful EMJD PhD graduates, who did well with both universities/professors. But what you encountered is somewhat common - but to a lesser severity. For instance, not any paper with the second professor, but still graduate on time. Or at least the second professor offers the grant for the student to continue the 4th year. Disclosure: I am an EMJD student myself, and also a program representative of EMJD. –  Pradeeban Kathiravelu Commented Dec 3, 2016 at 11:31

I think that the main question that you have to ask yourself is: what will I gain by doing a double PhD thesis. If, e.g., it will give you access to a (second) lab with unique assets, complementing your first lab, or provides you with a second supervisor who has complementary knowledge to your first one, then there might be some benefits.

It will certainly give you some extra headaches, since you will be the one dealing with two university bureaucracies, trying to align two (probably conflicting) sets of PhD regulations. (I am speaking from experience here, since I performed a double PhD thesis).

Now for your questions:

From this, I was wondering: could I receive a double PhD if I find a second advisor from another university?

Yes, but you will make need to make sure that both universities support the double degree.

Or the universities need to be associated upfront?

While it certainly would help, it is not a strict requirement. You need to make sure that both universities support the double degree, and you need to assert this at the very beginning of your PhD program. It is advisable to have a statement from both in writing.

In this case, if the university I'm apply on does not have an explicit double PhD program, it is possible (for legal issues of diploma printing) to just associate with another university?

While this certainly makes it more difficult, it might still be possible (unless they explicitly prohibit it in their regulations). You will need some agreement. Contact the supporting professor, who can direct you to the appropriate person(s) to talk to.

For an advisor, what is the advantages of having a part-time student?

It really depends. If there are some nice complementary properties to either the second lab or prof, then the first prof might benefit from this as well. Also for his/her network it might be beneficial.

The thesis needs to be approved by both universities. Personally, I presented only at one of them, and had the members of the committee of the other one attend (Actually I followed the protocol of the first university, while presenting at the second). Anyway, you will need to align with your supervisors on this matter.

I have two peers who have such double PhDs in physics(one in experimental physics related to ALICE experiment and other related to nuclear theoretical physics). They have both "doubled" the PhD in France. They have worked formally with two supervisors, but in practice only with one of them. The double PhD had the advantage of training with the group in another country, and of course the funding came from both Universities, which doubled their salary. The only problem were the thesis evaluation system, since the standard was different in the two universities(in one of them the thesis is evaluated strictly by the number of publications and their impact, while in another the standard were related more to the advise of thesis committee).

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Difference Between Pg Diploma and Masters

• Last Updated On August 6, 2024
• Published In Courses 📖 , General

When contemplating the path to pursue studies beyond an undergraduate degree, many students immediately think of a master’s degree. While a master’s degree is indeed a significant step in academic development, it is not the only pathway available for advancing your knowledge.

Table of Content

For anyone who is constrained by time, financial resources, or a desire for a more focused educational experience, a Postgraduate Diploma can be an equally attractive option. The best part is that you can expect to earn a competitive salary after completing a PG Diploma programme. 

For example, graduates from the top Canadian colleges can expect annual earnings ranging from INR 23L to INR 60L (CAD 38,000 to CAD 1,00,000) , depending on their chosen industry and role.

So, how do you decide which option is best for you? That’s what this guide on postgraduate diploma vs masters degree aims to resolve for you.

Through this guide, you’ll get to explore the various factors to consider when choosing between a PG Diploma and Masters degree. Get ready to make an informed choice in this comprehensive blog post on postgraduate diploma vs masters degree.

Key Highlights

Here’s a table comparing key factors of what you’ll learn in this blog post on postgraduate diploma vs masters.

What is a Postgraduate (PG) Diploma?

Also known as a graduate diploma, a postgraduate diploma can be an excellent fit if you are seeking a cost-effective and short-term academic option. Universities and colleges in major countries such as the US and the UK offer PG diplomas in multiple fields, such as engineering, law, health sciences, human resources, and marketing. 

Here are some of the top advantages of choosing a PG diploma. 

• This programme is typically completed within 1 year , allowing you to achieve a postgraduate qualification quickly.
• Provides specialised knowledge in a specific field without the need for a lengthy dissertation. For instance, a PG diploma in Business could be an ideal option if you are looking for a faster route to advance your qualifications.
• Admission requirements are often less rigid compared to traditional master’s programs.

What is a Masters Degree?

According to the Open Doors Report (ODR), there are currently 1.65L Indian graduate students studying in the US. In the UK, on the other hand, approximately 94K of Indian students are enrolled in Master’s level programs.

A Master’s degree, undoubtedly, represents a significant step forward for many undergraduate students. It is an ideal choice if you’re seeking in-depth learning and extensive research opportunities on a particular subject. 

You can pursue a master’s degree in a variety of fields, including mass communication and journalism, engineering, business, social sciences, education, and more.

Here are some top benefits of pursuing a Master’s degree.

• A master’s degree offers an in-depth exploration of your field with advanced coursework. 
• Provides research opportunities that include a major project or thesis, allowing you to apply your knowledge and skills to real-world problems.
• This can serve as a foundation for pursuing a doctoral degree (PhD) , opening doors to advanced academic and research opportunities.

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Is PG Diploma Equivalent to Masters?

A Postgraduate Diploma is classified as a Level 7 qualification. This is equivalent to two-thirds of a Master’s degree. Often, there is an option to complete a third term to upgrade the Postgraduate Diploma to a Master’s degree. 

Many universities offer both qualifications, making it easy to transition from a PG diploma to a Masters, if desired.

For instance, a PG Diploma at the University of Cambridge is worth 120 credits. Some of these programs are taught over two academic years and are equivalent to two-thirds of a Master’s degree.

*Please note: Credits granted for Cambridge exams are the count towards the total hours required to complete a degree.

Postgraduate Diploma vs Masters: Popular Programs

When analysing postgraduate diploma vs masters degree to pick as your career option, an essential thing to consider is the type of programme that best aligns with your interests and career goals. 

In this section, you will discover the top programs available in major countries like the USA and the UK. Understanding the popular fields here can help you make an informed decision about which educational path will best support your academic interests.

Explore all countries

Top postgraduate diploma programs.

Several top universities in the USA offer postgraduate diploma programs, including the following. 

• Business Management
• Banking and Finance
• Digital Marketing
• Human Resources

These programs provide specialised skills and knowledge needed for advanced roles in their respective fields. For instance, the one-and-a-half-year PG Diploma in Management courses at MIT not only enhance your professional skills but also provide a comprehensive understanding of the industry from a broader perspective.

Did you know that many Postgraduate Diploma courses can be completed from the comfort of your home? For example, the PG Diploma in Global Health Research (GHR) is conducted entirely online, with no requirement for in-person attendance at Oxford University, UK. 

In the UK, some of the notable PG diploma programs include the following. 

• Cognitive Behavioural Therapy (CBT)
• Health Research
• Clinical Medicine
• Medical Education

Also Read: 20+ 1-Year Diploma Courses for International Students in USA

Top Masters Programs

When pursuing a master’s degree in the US, students have access to a diverse array of popular specialisations. Master’s programs in the US from the top universities span a broad range of disciplines, including but not limited to the following. 

• Engineering
• Computer Science
• Data Analytics

On the other hand, the top universities in the UK offer a range of popular fields for advanced education and specialisation. 

Here are some of the dynamic programs available in the UK.

• Mass Communication
• Engineering and Technology
• Architecture
• Computer Science and Data Sciences

Regardless of the degree you choose, prestigious universities in the US and the UK are highly popular among Indian students. 

Are you considering starting your Master’s or Postgraduate Diploma journey in the US or the UK?

LeapScholar is here to assist you every step of the way. Schedule a free call today to explore the best options for affordable education in the US and the UK and pursue the path to your dream degree programme.  

Also Read: Best MS Courses in USA 2024: Top Universities and Scholarships

Postgraduate Diploma vs Masters: Duration

Now that you know the popular study programs, it is essential to understand the typical duration required for PG Diplomas and Master’s degrees in order to understand how they can affect your academic and professional journey. 

A Postgraduate Diploma typically takes about 1 year to complete on a full-time basis. Master’s degree, on the other hand, generally requires 18 to 24 months of full-time study. The extended duration of a Master’s program is owing to its comprehensive curriculum, which often includes more course modules. 

That said, the duration of both degree programs can vary depending on the university and specific course. Different universities may have different timelines, and some programs might offer flexible study options that could affect the overall duration.

Check out the table below to better understand this.

Also Read: Top Diploma Courses in Australia

Postgraduate Diploma vs Masters: Entry Requirements

The top universities in the world set their admission criteria for both postgraduate diplomas and master’s degrees. It is essential that once you have selected your desired course, you review the general requirements and specific entry criteria for the programme you are interested in.

While both PG diplomas and master’s degree programs require a bachelor’s degree as a prerequisite, master’s degree programs often have more strict entry requirements. This may include work experience, industry expertise, and English proficiency exam scores such as IELTS .

Please note: The exam scores can vary by country. For example, the average minimum IELTS score in the US for Masters is 7.0. In Canada, however, good universities typically require a total score of 6.5.

Unprepared for the IELTS test? Worry not! Leap Scholar offers customised IELTS courses designed to help you excel in the exam. Taught by India’s leading IELTS trainers through live online classes, these courses are tailored to ensure your success. Reach out to us today for IELTS exam preparation!

Also Read: Study Diploma course in UK – Eligibility, Fees & Process for Indian Students

Postgraduate Diploma vs Masters: Cost

In terms of the tuition fees involved, a PG Diploma is typically more affordable than a Master’s degree owing to its shorter duration. Additionally, the flexible schedule of a PG Diploma allows you to balance your studies along with your current jobs, helping to fund the programme.

That said, it is important to keep in mind that tuition fees can vary significantly depending on the university, the specific course, and the country where you choose to study.

Here is a table on postgraduate diploma vs masters degree, highlighting the cost to help you understand the differences better. 

Postgraduate Diploma vs Masters: Key Differences Between the Two

Did you know? In the UK, approximately 2.6L international students are pursuing postgraduate studies. This figure highlights the popularity of advanced qualifications among students, with many opting for programs that best fit their educational and career goals.

What’s more? Many students are opting for specialised diplomas due to their focused nature and shorter duration. Similarly, in countries like Australia and Canada, postgraduate diplomas are widely pursued by students looking to gain industry-specific skills.

Here is the table on the postgraduate diploma vs masters across various important factors.

Also Read: MS In UK 2024: Top Universities & Course Details

PG Diploma or Masters: Which is Better?

Now that you know the difference between a PG diploma and a masters, you must be wondering which is the better choice for you! Deciding between these two options can be a significant decision, and there are various factors to consider when making your choice.

What’s most important is to evaluate your academic goals, career objectives and personal skills to determine which degree programme best fits your needs. 

Here is a list of key factors to consider when choosing between PG diploma and masters.

• Career Goals: Research properly and evaluate which qualification aligns best with your career objectives. A Postgraduate Diploma may offer quicker specialisation, while a Master’s Degree can provide a more in-depth academic experience.
• Duration: Once you research and finalise the course you want to pursue, evaluate the time commitment required for each option. A PG Diploma is generally shorter and may offer more flexibility, whereas a Master’s Degree requires a longer commitment.
• Cost and Funding: This is one of the most important factors to consider, so ensure that you properly assess the financial implications of each program. PG diplomas are more affordable, whereas Master’s degrees can be more expensive.
• Career Opportunities: Consider how each degree might impact your career prospects and opportunities for further advancement. 

One final point to remember when deciding whether to opt for a Postgraduate Diploma vs Masters Degree is that, despite their different paths, both provide a unique advantage in advancing your career and achieving your goals.

Deciding for a postgraduate Diploma vs Masters Degree is a significant choice for students pursuing higher education. This decision can greatly influence not only your academic path but also your career advancement and personal development.

The PG Diploma, typically a shorter and more focused program, offers a quicker path to specialised knowledge. On the other hand, a Master’s degree provides an in-depth education, often including research components, making it suitable for those aiming for further academic pursuits.

Ultimately, your choice will depend on your career goals, financial situation, and academic interests.

We at   Leap Scholar  are here to support your decision-making process with valuable resources, including programme comparisons, university selection assistance, and career advice.   Book a free counselling session today to explore your options and make the best available choice for your future!

Frequently Asked Questions

Q. is a pg diploma equivalent to masters.

Ans.  A PG diploma is typically a shorter, more focused program that represents two-thirds of a Master’s degree. It offers specialised knowledge but generally does not include the extensive research component or detailed curriculum found in a Master’s degree. However, some PG Diplomas may allow you to upgrade to a Master’s degree by completing additional coursework.

Q. What is the typical PGDM duration?

Ans. The typical duration of a Postgraduate Diploma in Management (PGDM) generally ranges from 1 to 1.5 years. This timeframe is usually divided into multiple trimesters or semesters, depending on the university. 

Q. What is the major difference between PG Diploma and Masters?

Ans. The major difference between a Postgraduate Diploma and a Masters degree lies in the scope and depth of the program. A PG Diploma is typically shorter, usually lasting 1 year, and a Master’s degree usually takes 18 to 24 months to complete and includes a wider range of coursework.

Q. Postgraduate diploma vs masters: which is better?

Ans. Whether a Postgraduate Diploma is better than a Masters degree depends on your individual career goals. A PG Diploma is often more affordable, shorter in duration, and provides specialised knowledge and skills that can quickly enhance your career. A Masters degree, on the other hand, offers a more comprehensive education, including research opportunities.

Q. Which is higher: graduate diploma or Masters?

Ans. A Masters degree is considered higher than a Graduate Diploma. You can think of a Graduate Diploma as a midpoint between a Graduate Certificate and a Masters program. It is important to note that you can complete a PG Diploma in as little as 1 year of full-time study or extend it to up to 4 years if you choose to study part-time.

Q. What are the disadvantages of a postgraduate diploma?

Ans.  Some of the disadvantages of pursuing a PG diploma are as follows. Fewer research opportunities. May not be as widely recognised or valued as a Master’s degree in some fields. Offer fewer opportunities for higher-level positions.

Q. Can one do a Masters after a post-graduate diploma?

Ans. Yes, you can pursue a Masters degree after completing a Postgraduate Diploma. Many programs allow you to use the credits earned from a PG Diploma towards a Master’s degree, often requiring additional coursework to complete the Masters programme.

Q. Is a postgraduate diploma worth it?

Ans. Yes, a PG diploma is absolutely worth it for students looking to acquire practical skills that can enhance employability and offer a competitive edge in the job market. Some of the popular PG courses you can pursue include the following. Digital Marketing Business Management Clinical Medicine

Q. Which is better: PGDM or MBA?

Ans. The choice between PGDM and MBA depends on your career goals. A PGDM offers specialised training and is often shorter in duration, ideal for those seeking industry-focused skills. An MBA, on the other hand, provides a comprehensive management education with a research component, making it suitable for those looking for broader career opportunities.

Q. Is there any value of a PG Diploma?

Ans. Yes, a PG Diploma holds significant value. One of its major advantages is that it offers practical and industry-oriented training. This focus on real-world skills and applications can give you a competitive edge in the job market and make you more appealing to potential employers.

Q. Which PGDM course has a good salary?

Ans. Some of the top PGDM specialisations leading to high salaries are as follows. Data Science and Business Analytics Digital Marketing Financial Technology

Q. Is 1 year PGDM equivalent to MBA?

Ans. A PGDM, to be considered equivalent to a Master of Business Administration (MBA), generally needs to be a 2-year program. This extended duration allows the PGDM course to meet industry standards and provide a comprehensive education, equipping you with both the hard and soft skills necessary to become industry-ready professionals.

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