The number of master’s degrees awarded in the United States rose 19 percent between 2010-11 and 2020-21, from about 731,000 to about 867,000, according to the National Center for Education Statistics. More professionals are choosing graduate study.
The benefits are familiar. Graduate degree holders earn more than bachelor’s holders, and the degree supports career advancement into senior and specialized roles. Graduate school also builds professional networks that pay off long after graduation.
The costs are real. Tuition adds debt, the workload takes one to two years of serious time, and the job market is never guaranteed. Repaying student loans takes time, so run the numbers on total cost versus expected salary gains before you enroll.
Alternatives exist. Graduate certificates build targeted skills in months rather than years, and employer-paid training can fill gaps without tuition. Online programs can also cut costs and fit around work.
Before deciding, read the ROI of a master’s degree, whether a master’s was worth it, and which master’s degrees are worth it. Check scholarships and financial aid to lower the cost side. Choose the path that matches your goals and your budget.

