A master's degree is a type of graduate degree, degree earned after completion of an undergraduate degree (BA or BS). Typically the master's degree requires about 30 credits of coursework and takes 2 years of full time study beyond the bachelor's degree. In addition to coursework, the master's degree sometimes entails completing comprehensive exams and/or a thesis. Master's degrees in awarded in all fields, usually as MA (master of arts) or MS (master of science), although some fields have discipline-specific degrees, such as social work (MSW) and art (MFA), for example.
Most people that get into a Master's Degree program cite higher salaries as their main reason for wanting to pursue the degree. According to the Bureau of Labor Statistics, U.S. Department of Labor, a worker holding a Master's Degree makes an average of $11,000 US Dollars more than a person holding a Bachelor's degree on the same field.
To get into a Master's degree program, a person must hold first a bachelor's degree, not necessarily in the same field, but in one at least closely related or where the coursework can be somehow linked. In some universities, it is now possible to obtain a combination Bachelor's/Master's Degree, which requires a period of study of five years, making the combined degree at least one year shorter than coursing both degrees consecutively.
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