Nowadays it is very difficult to get a job for a qualified person. For getting good job everybody goes for higher courses and spend lots of money. But we have to think whether it is profitable to invest for higher studies or not. After higher studies we must get a good paying job or otherwise it will be a loss. Also we have to calculate whether we can earn more than the amount we spend for education.
At present, it is very difficult to get a job in which we can earn more than the amount spends for the studies. So it is very important to calculate the income or salary after studies in advance before joining any higher courses. Online salary calculators will help us to calculate the salaries we can expect after doing a course. This will help us to decide whether we have to do higher studies or not.
For some jobs higher degree is a must. For example, for applying top level management jobs MBA is a must. In case of technical fields the qualification must be related to that for applying a job. Normal degree will not be suitable for such cases. For normal jobs graduation is acceptable and we need not join any higher courses for doing such type of jobs.
For some jobs master degree also will not useful. For example if the candidate with less qualification performs well than a master degree holder, the chance goes to less qualified person. Another main point is the earning ability of a person. We cannot say that more qualified person can earn more. It depends upon the field a person working, the salary scale of the company, post and experience of the employee.
As per the survey conducted by payscale.com the salary of mid career professional and master degree professional is different. Master degree person will get high salary in most of all companies. Experience also has a main role in salary scale. More experienced person will get big pay scales.
We can do some part time job while study to meet the expenditures. But it is not a permanent solution. Important thing is we have to aim big salary while doing masters degree courses. Also must calculate the income we can get in future after doing a higher course. If the income after the higher course is more than the expenditure for the particular course, it is a good choice.