Do you have a master’s degree in management?
Have you ever thought you can mould your employability skill by learning management concepts.
A lot of people already know that there is a relationship between higher education and employability.
A master’s degree in business management is your advantage over many candidates (with a bachelor’s degree or diploma) for a similar job. But other factors are also involved in the recruitment processes of business as well. There is a lot of uncertainty involved in the answer to this question.
Below I have explained the factors that are involved in this.
Demand for Higher Education:
Businesses are looking for highly educated employees. According to the survey conducted worldwide, results show that there is an increased demand for highly skilled and highly educated staff across the world. Most of the European countries are allowing people with higher education to work.
The demand for highly qualified staff is increasing which means there are more chances for people with a master’s degree of getting a job. This is also similar in Britain and the United States, the people with a master’s degree are required for a lot of position that is vacant.
Increased Demand for master’s in business management:
Surveys have also shown the results that there is an increased demand for employees with a Master’s in business management degrees. Studies show that employers around the world are more interested in hiring a master’s degree holder then a bachelor’s degree with experience.
This increased demand for a Master’s in Business administration simply means that your degree is your eligibility for all these jobs that require an MBA. you will also be able to apply on the jobs that a bachelor’s degree holder will not be able to even apply for.
If we take count of the competition, then we can better understand why the master’s degree has more chances of employability. Consider there were 1000 students who completed their Bachelor’s, only 18% go for a master’s degree and most try for employments.
Now, if you decided to go for a master’s degree, that means that 82% of people with a bachelor’s degree are now out of your competition and you only have been left with a 18%. Less competition simply means higher chances for employability.
Degree VS Experience:
When it comes to the degree vs competition, their chances are fifty-fifty, that simply means if the business has a preference to hire the experienced person over the highly educated person, they will not consider you.
But if the company has a preference to hire a highly educated person, they will choose you over all other candidates with a bachelor’s degree.
From the discussion above, one thing is clear, yes there are increased chances for your employability if you have a master’s degree. Your degree allows you to apply for more jobs, also jobs that require higher qualifications.
Apart from these two, your competition will be low, but when it comes to the degree versus the experience, the chances are equal. The answer to our question is yes, the degree helps to some extent in employability.