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When looking for a job fresh out of college, it may be a little overwhelming. Now more than ever when applying for jobs positions will say “bachelor’s required, master’s preferred.” As the number of graduates receiving baccalaureate continues to go up, more and more employers are looking for future employees with master’s degrees.
Eric A. Hanushek, an education economist at the Hoover Institution says, “There is definitely some devaluing of the college degree going on. We are going deeper into the pool of high school graduates for college attendance,” this is causing a bachelor’s degree to no longer be an adequate screening measure of achievement.
The master’s degree is a way for job seekers to stand out. Many colleges and universities are turning out more graduates than the job market can bear, so any extra boost will help job seekers.
What does this mean for recent and future high school graduates? More than likely in the near future, jobs will start requiring master’s degrees and bachelor degrees will be a thing of the past. Students, be prepared to take out more loans, at more expensive per credit rates as well as spending more time in college.