After receiving your master's degree, there are still more options to study in graduate school, including an additional master's degree, doctorate programs (Ph.D., Ed.D., and others) and certificate programs to consider. These degree and certificate programs all vary in level, time to complete, and more.
Additional Master's Degrees
If you have already earned a master's degree and wish to continue your studies, you might consider a second master's degree. Since master's degrees tend to be specialized degrees, as you grow within your career you may find that a new specialty is required or that two specialties will make you an even more desirable candidate when job hunting. In education, for example, many teachers earn a Master's of Arts in Teaching degree but may return to the classroom to study for a degree in the field in which they are teaching, such as English or mathematics. They may also wish to pursue a degree in organizational leadership, especially if they are looking to grow into an administrative role in the school.
Master's degrees generally take two, sometimes three, years to complete (after earning a bachelor's degree), but pursuing a second degree in a similar discipline might allow you to carry over some credits and complete the program sooner. There are also some accelerated master's programs that can earn you a degree in less than a year; just be prepared for a lot of hard work. All master's programs entail coursework and exams, and, depending on the field, possibly an internship or other applied experience (for example, in some fields of psychology). Whether a thesis is required to obtain a master's degree depends on the program. Some programs require a written thesis; others offer an option between a thesis and a comprehensive exam. Some programs provide capstone courses, which are usually semester-long courses that provide a comprehensive overview of everything learned within the program and ask students to complete several small thesis statements to demonstrate mastery.
A meaningful way in which master's programs differ from many, but not all, doctoral programs is in the level of financial aid available to students. Most programs do not offer as much assistance to master's students as they do for doctoral students, and so students often pay most if not all of their tuition. Many top institutions even offer full scholarships for doctoral students, but a doctoral program is usually a much more comprehensive and time-consuming educational program, requiring a full-time commitment, versus the possibility of working your full-time job while going for a master's degree.
The value of the master's degree varies by field. In some areas such as business, a master's is the unstated norm and necessary for advancement. Other fields do not require advanced degrees for career advancement. In some cases, a master's degree may hold advantages over a doctoral degree. For example, a master's degree in social work (MSW) may be more cost-effective than a doctoral degree, given the time and funds required to earn the degree and the pay differential. The admission offices at the schools you're applying to can often help you determine which program is best for you.
Ph.D. and Other Doctoral Degrees
A doctoral degree is a more advanced degree and takes more time (often a great deal more time). Depending on the program, a Ph.D. could take four to eight years to complete. Typically, a Ph.D. in North American programs entails two to three years of coursework and a dissertation - an independent research project designed to uncover new knowledge in your field that must be of publishable quality. A dissertation can take a year or more to complete, with most averaging about 18 months. Some fields, like applied psychology, may also require an internship of one year or more.
Most doctorate programs offer various forms of financial aid, from assistantships to scholarships to loans. The availability and types of support vary by discipline (e.g., those in which faculty conduct research sponsored by large grants are more likely to hire students in exchange for tuition) and by the institution. Students in some doctoral programs also earn master's degrees along the way.
Certificates can usually be earned in less than a year and are often significantly less expensive than going after additional degrees. If you're wondering what should come after your master's degree and you're not sure if a doctoral program is right for you, this could be the way to go. Certificates range in scope greatly and can allow you to hyperfocus on the areas in which you wish to excel. Some schools even offer certificate programs that are of a masters degree caliber, so you can walk away better prepared for your career and without breaking the bank. Employers who offer tuition assistance may look favorably on a less expensive certificate program as well.
Which Is the Best?
There is no easy answer. It depends on your interests, field, motivation, and career goals. Read more about your field and consult faculty advisers to learn more about which option best fits your career goals. Some final considerations are as follows:
- What types of jobs do a master's degree, doctoral degree, and certificate holders have? Do they differ? How?
- How much will each degree cost? How much will you earn after obtaining each degree? Is the outcome worth the cost? What can you afford?
- How much time do you have to invest in additional schooling?
- Are you interested enough to pursue many years of schooling?
- Will earning a doctoral degree offer a substantial benefit in your employment and advancement opportunities?
Only you know which is the right degree for you. Take your time and ask questions, then carefully weigh what you learn about each, its opportunities, as well as your own needs, interests, and competencies. What comes after a master's degree is up to you.