Universities offer more than one type of graduate degree. Which could be right for you? Learn more about the three types of graduate degrees and the benefits of earning one.
A graduate degree is an academic program that you can pursue after getting your bachelor’s degree. A graduate degree—which includes master's degrees, professional degrees, and doctorate degrees—allows you to further specialize in an area of interest or choose a course that directly relates to the profession you want to enter.
Students often pursue a graduate degree to gain access to more jobs, higher salaries, or as a stepping stone for further study. For specific careers, graduate qualifications will be essential, while for others, they may be a career boost, but you may be able to be more flexible on your choice of program. By earning a graduate degree, you can establish yourself as an expert in your field and potentially gain a competitive edge as a job candidate.
Learn more about the types of graduate degrees available, the skills you can gain, and some frequently asked questions regarding graduate degrees.
While researching graduate programs, you'll typically come across three types of degrees. The most commonly known is a master's degree, but it isn’t the only option. The term 'graduate degree' also includes PhDs and professional degrees, such as a Juris Doctor or Doctor of Medicine. Let's take a closer look at each:
A master’s degree takes one to two years of full-time study, depending on the program and your schedule. Depending on the subject you choose, you may pursue a Master of Arts (MA), Master of Science (MS), or something more specialized. A master's degree incorporates coursework and independent study and usually requires the submission of a thesis or the completion of a capstone project.
Specialized options include the Master of Business Administration (MBA), among the most popular master’s programs, focusing on business management, including marketing, finance, sales, and accounting. You may also consider a Master of Fine Arts (MFA), which allows artists to focus on subjects like music, art, theater, and graphic design.
Another popular graduate program is the Doctor of Philosophy (PhD), which takes between four and seven years. Courses at this level tend to be research-based, allowing you to test theories and hypotheses in your chosen field. Options for what to study are vast and can include areas relating to psychology, social science, humanities, and technology, among others. A PhD can take anywhere from three to eight years to complete.
A professional doctorate is the highest academic credential in a professional career. In this advanced degree, you'll apply research to solve practical problems within the field. Professional doctorates have many titles, including Juris Doctor (JD) and Doctor of Medicine (MD). While these degrees vary in length, they typically take between three and six years to complete.
A master's degree is one type of graduate degree, which is any degree pursued after receiving an undergraduate bachelor’s degree. A master’s degree provides specialized education in a particular subject. The other type of graduate degree is a doctoral degree, which focuses heavily on original research and advanced knowledge of a particular field.
A graduate degree allows you to develop skills in particular areas related to your specialization, but it also helps you to command general skills transferable to any career path. These include:
Verbal and written communication skills
Critical thinking
Problem-solving
Research skills
Ability to work independently and as part of a team
Time management
Leadership and coordination
Graduate degrees help you deepen your knowledge after an undergraduate degree and open up professional opportunities like becoming a doctor or lawyer. Explore what it's like to earn a graduate degree online by enrolling in an open course from a top university on Coursera. Depending on the course, you could earn credit toward a master's degree:
Learn to manage people effectively with Strategic Leadership and Management from the University of Illinois Gies College of Business.
Think like a computer scientist with Computational Thinking for Problem Solving from the University of Pennsylvania.
Explore how the world around us impacts public health outcomes with the University of Michigan's Impacts of the Environment on Global Public Health.
Make better data-driven decisions with Vital Skills for Data Science Specialization from the University of Colorado Boulder.
Give your team access to a catalog of 8,000+ engaging courses and hands-on Guided Projects to help them develop impactful skills. Learn more about Coursera for Business.
Depending on the industry and position, a 25-year-old, full-time worker with a master’s degree earns an average of $244 to $616 per week more than those with only a bachelor’s degree, with significantly lower unemployment levels [1].
The US Bureau of Labor Statistics projects employment for master’s level occupations will grow by 12.1 percent between 2023 and 2033 [2]. A recent survey by Career Builder shows that 33 percent of employers are asking for master’s degrees for positions previously filled by those with undergraduate degrees [3].
Many positions above entry level require an undergraduate degree, and a master's degree is preferred in some cases. Depending on your career goals, having a graduate degree could be an advantage.
Completing a master's degree generally takes 18 months to two years, and a doctoral degree can take another four to eight years. The timeline for completion of a graduate degree will vary depending on the type of degree you pursue, your desired subject area, and the institution you choose to study at, as well as whether you decide to study full-time or part-time.
Yes, many online options are available for graduate study. Earning your graduate degree online often allows the flexibility of setting your schedule and studying from home or any other convenient location. It can also lower costs due to lack of a commute, possible lower tuition, and less costly materials.
US Bureau of Labor Statistics. “Education Pays, 2023, https://www.bls.gov/careeroutlook/2024/data-on-display/education-pays.htm.” Accessed December 3, 2024.
US Bureau of Labor Statistics. “Employment Projections, https://www.bls.gov/emp/tables/education-summary.htm.” Accessed December 3, 2024.
CareerBuilder. “Not Enough Educated Workers-Why This Matters To You, https://www.careerbuilder.com/advice/employers-looking-for-more-educated-workers.” Accessed December 3, 2024.
Education Data Initiative. “Average Cost of a Master’s Degree, https://educationdata.org/average-cost-of-a-masters-degree.” Accessed December 3, 2024.
Education Data Initiative. “Average Cost of a Doctorate Degree, https://educationdata.org/average-cost-of-a-doctorate-degree.” Accessed December 3, 2024.
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This content has been made available for informational purposes only. Learners are advised to conduct additional research to ensure that courses and other credentials pursued meet their personal, professional, and financial goals.
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