About 11 percent of American adults aged 25 and older hold a master’s degree as their highest credential, according to National Center for Education Statistics data for 2023. A bachelor’s is far more common, which is why the master’s still stands out on a resume.
A bachelor’s degree is a four-year undergraduate program that combines general education with major courses. It builds broad knowledge and skills like critical thinking, writing, and problem solving. Many employers require it for entry-level roles.
A master’s degree is graduate study that follows the bachelor’s and focuses on one field in depth. Programs are shorter but more demanding, with specialized seminars, research projects, and closer work with faculty. Common types include the Master of Arts, Master of Science, and Master of Business Administration.
The master’s can lead to leadership roles, specialized positions, and higher pay. It also costs time and money, so match the decision to your career plans. If the terms confuse you, see whether a master’s is undergraduate or postgraduate and the difference between master’s and postgraduate study. Then use a guide on choosing the right online master’s program and review the skills a master’s degree builds.

