Five benefits of completing a Master’s degree

More than 47,000 people are studying for a master’s degree during the first semester of this year in Chile. What are the motivations for choosing this type of program? In this article, we have outlined five advantages that this type of postgraduate degree has compared to other alternatives.

During the first semester of 2022, the enrollment of students in higher education in Chile recovered remarkably, returning to levels closer to those prior to the pandemic. This is shown via the Informe de Servicio de Información de Educación Superior (SIES) (“Report on Higher Education Information Services”), recently published by the Ministry of Education, in which a general increase of 0.6% was seen in comparison to the year 2021. 

In the same report, it can also be concluded that in Chile there are 1,301,925 people enrolled in higher education, 47,704 of which are master’s students, making it the most popular option among postgraduate alternatives. Why is this? There are several reasons why pursuing a master’s degree brings about different benefits, both personal and professional. 

Therefore, if you are considering taking this step in your career, but are still unsure, here are some of the advantages of choosing to complete a master’s program:

Specialization in an area of interest: acquiring new knowledge about a specific profession or field will not only allow you to improve in an area of your profession but will also provide you with new tools and methodologies to address the different challenges that arise within a company or organization. 

Learning about the latest knowledge and tools: in a world of constant change, it is necessary to stay up-to-date with the latest trends and technology that arise in our areas of work. A master’s degree can help your full potential shine by knowing how to use the right tools.

Expanding your professional network: you will be able to connect with other professionals who share common interests and who can also be of help in enhancing your professional development within the workplace. 

Climbing in your work environment: in today’s world, managerial or executive positions may require a postgraduate degree; therefore, completing a master’s degree can help increase your chances of being promoted or accessing higher-held positions in a company or organization.

Salary incentive: according to data from the 2021 Supplementary Income Survey carried out by the Instituto Nacional de Estadísticas (INE) (“National Institute of Statistics”) in the midst of the pandemic, professionals who hold a postgraduate degree reported the highest income level in the country, with an average of more than $1,600,000 Chilean pesos.