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Master’s vs. Ph.D.: What’s the Difference and Which One to Choose?

If graduate school is on your radar, one of the first things to consider is what type of degree you should pursue . While a bachelor’s degree is required for any postgraduate study, many people think you need a master’s to pursue a Ph.D., but that isn’t always the case. While there are benefits to receiving your master’s degree before your Ph.D., it’s not always necessary or required. However, there are important differences to note when deciding which type of program to apply to.

Master’s degree

A master’s degree usually takes about two years to complete full time. There are programs that allow a student to attend on a part-time basis, but that of course extends the completion time. Many master’s programs require a thesis to be completed, but not all. A thesis is a research project that is completed during the final year of a master’s program under the guidance of your program chair or advisor.

Under the master’s umbrella, there are quite a few specific degrees you can obtain. Your professional path will determine which of these you pursue.

  • Master of Arts (MA) is given for disciplines in the arts and social sciences.
  • Master of Science (MS) is given for sciences, health, engineering and statistics.
  • Master of Research (MRes) is focused on training students to become researchers. This is advantageous to a student if they’re pursuing a research-based career or planning to apply for a Ph.D. program.
  • Master by Research (MPhil) is similar to a MRes but is more advanced and focuses on research topics to be explored in depth. It’s often considered a precursor to a Ph.D. program.

Specialized master’s degrees

There are numerous specialized master’s degrees that are categorized by profession. These are often (not always) preceded by some professional experience prior to undertaking these types of advanced degrees.

  • Master of Business Administration (MBA)
  • Master of Library Science (MLS, MLIS, MSLS)
  • Master of Public Administration (MPA)
  • Master of Public Health (MPH)
  • Master of Social Work (MSW)
  • Master of Laws (LLM)
  • Master of Education (MEd, MSEd, MIT, MAEd, MAT)
  • Master of Engineering (MEng)
  • Master of Architecture (MArch)
  • Master of Fine Arts (MFA)
  • Master of Divinity (MDiv)

Ph.D. (Doctor of Philosophy)

There are many Ph.D. programs and, in general, it’s considered the most advanced type of research degree you can obtain. Ph.D. candidates are required to complete a dissertation to obtain their degree. Unlike a thesis, a dissertation is longer and consists of original research conducted throughout the entire doctoral study. In some cases, students may be awarded a stipend, or pay, to complete the doctoral program and dissertation.

Ph.D.’s take a considerably longer time to complete than a master’s, five to eight years on average, and they carry a rather high rate of noncompletion due to time and financial commitments. Many Ph.D. programs have stipends available, so it’s important to inquire about that when researching a particular program.

Specialized doctorate programs

As with master’s degrees, there are several specialized doctorate programs specific to different disciplines and areas of study:

  • Doctor of Business Administration (DBA)
  • Doctor of Engineering (EngD/PhD)
  • Doctor of Education (EdD/D.Ed)
  • Doctor of Social Science (DsocSci)
  • Doctor of Professional Studies (DProf)
  • Doctor of Architecture (DArch)
  • Doctor of Theology (Th.D)
  • Doctor of Divinity (DD/DDiv)
  • Doctor of Science STEM (Dsc/ScD)
  • Doctor of Science Arts & Humanities (DLitt/LitD)

When deciding which one to get, consider your immediate or long-term career goals — which degree would serve you best? In some cases, you can obtain a Ph.D. with just a bachelor’s degree, but often it’s recommended you get a master’s first for the research experience that will be required for a Ph.D.

As with anything, there are exceptions. Students in law school obtain a J.D. (Juris Doctor) but can then further obtain a master’s in a sub-specialty like tax or immigration law. The health care occupations of physical therapist and pharmacist are also doctorate programs obtained post undergrad.

Making your choice

As with any decision, weigh your options, list pros and cons, and go from there. Once you’ve narrowed your options , you’ll have a precise list of programs and institutions generated for your specific goals.

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Master’s vs PhD — These are the Main Differences

phd program vs masters

Updated: October 24, 2024

Published: October 31, 2019

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The consideration between earning a master’s vs PhD is not always an easy choice. While many careers and personal aspirations may be complete with just an undergraduate degree (Associate’s or Bachelor’s), a lot of people continue their higher education to obtain graduate degrees. These include a master’s and/or a PhD.

Neither a master’s degree nor a PhD is considered to be a walk in the park. Therefore, it’s useful to understand why you would earn either and then decide how far to go.

phd program vs masters

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Definitions: master’s vs phd.

Bost a master’s and PhD are defined as postgraduate degrees, but they require different commitments and styles of learning.

1. Master’s Degree:

Mostly all master’s degrees will require the completion of an undergraduate bachelor’s degree to enroll. They generally all share the same common requirement for a thesis or dissertation to graduate.

Earning a master’s degree through a taught program will result in the completion of a Master of Art (MA), Master of Science (MS), or Master of Philosophy (MPhil). For those who earn their master’s degree through research, they will earn a Master of Research (Mre), in a tailored field of study. There are also degree-specific master’s programs like Master of Business Administration (MBA) and Master of Education (M.Ed).

After earning a master’s degree, the next step is a PhD, which entails both working and performing research at an institution. A PhD is an abbreviation for “Doctor of Philosophy.” It is the highest academic degree one can achieve. As such, it is a time-consuming pursuit that requires a lot of studying and research.

You may be wondering, “Do you need a master’s to get a PhD?”

Technically, the answer is not always. Some students skip a master’s and go straight for their PhD, but they may lack research experience. While it could save money, the transition between a bachelor’s and a PhD is incredibly sharp. It may be harder to complete a PhD without the experience from a master’s.

Yet, some institutions may allow for the possibility to earn both your master’s and PhD in conjunction with one another. This will alleviate the transition between skipping a master’s and going straight to earning a PhD.

Should You Get a Master’s or PhD?

There are many considerations to factor when deciding between a master’s of PhD. For starters, it’s useful to consider the amount of time it will take, the cost, and the benefits and disadvantages of each. It is also of utmost importance to explore your own personal goals and reasons for wanting a graduate degree.

If your desired career of choice requires a PhD, like becoming a university professor, then you have your answer. If you want to start a business and benefit by networking while in school, a Master of Business Administration (MBA) could be a good idea. Consider what you want to pursue as a career and find out the requirements first.

Another useful thing to note is that a master’s degree can be used for a shift in careers. For example, if you attended college and earned a bachelor’s degree in humanities, but now you want to pursue science, you can still earn your master’s degree in a scientific discipline. On the other hand, a PhD is tailored to your field of study and specialty, so it will require that you are sure of your direction when you first earn your master’s degree.

Length of Time

A typical master’s degree program takes about two years full-time. However, there are accelerated programs that can be completed in just a year or so.

A PhD, in general, requires five to six years of studying, teaching, and research. However, it may even take some students up to eight or nine years to graduate. With this significant investment in time, it’s necessary to know if a PhD is right for you before starting.

The cost of both programs varies by institution and enrollment status of part-time versus full-time. However, since a PhD takes longer to complete, it will end up costing more. With that said, if you look into your return on investment, a PhD could end up yielding a higher salary, and therefore end up “costing less.”

Additionally, there is also the possibility of being paid to complete your PhD. Some students may receive an academic stipend, a university fellowship or apprenticeship or a reduced fee to earn their PhD while completing research (or teaching) at an institution. It’s also possible to get financial aid through a scholarship or grant.

As tuition rates continue to rise, it’s useful to look into alternative institutions for affordable education. For example, the University of the People offers a tuition-free master’s program in Business Administration and Education. This means you can study 100% online and graduate for less than the cost of most programs.

Weighing the Benefits

When comparing the two degree types, here are some benefits of each:

  • Career-oriented
  • Can open the door for more job opportunities
  • Costs less than a PhD
  • Takes less time than a PhD
  • Helps you stand out from those with only an undergraduate degree
  • You can perform research in your field of choice
  • You become an expert in your field
  • The prefix Dr. is added to your name
  • You can teach in academia at the highest level

Required Commitment and Reasons to Pursue

Both a master’s and a PhD require a huge amount of hard work and utter commitment. You must be dedicated and motivated to complete either degree. Since most careers only may require a bachelor’s degree, having a master’s or PhD will set you apart from the competition. However, this should not be the sole reason to pursue either.

You may be wondering why would you earn either degree. Here’s a look at some motivational factors:

Reasons to Study for a Master’s

  • Your career requires it (see next section)
  • You want to advance your subject knowledge
  • You want to experience graduate school and network with peers

Reasons to Study for a PhD

  • You want to contribute new research to your field of choice
  • Your career requires a PhD
  • You want to earn the title of Dr.

Careers in the medical field often require a PhD

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Required degrees by career.

Most people are motivated to pursue higher education because their desired careers require they do so. Here, we will break down those fields that require the completion of a master’s degree as it’s high on the list of reasons why to get one.

  • Education Administration: To work as an administrator in an educational institution, you need to hold an advanced degree. A Master’s in Education (M.Ed) will provide you with the necessary knowledge and required skills to succeed in the field.
  • Executive Level Business: A Master’s in Business (MBA) will not only place you ahead of the competition to land high-level positions in the field of business, but it can also be the jumping off point for becoming your own boss.
  • Environmental Science: With issues in climate change and technological advancement, careers in Environmental Science are growing. As with most scientific careers, it requires a master’s degree where you will learn Applied Ecology, Environmental Policy, Environmental Chemistry, and more.
  • Mental Health: To become a licensed practitioner and assist in mental health counseling, you will continue your education through a master’s degree in the field.
  • Physical Therapy: Employers of physical therapists often prefer them to obtain a master’s degree in the discipline as the field is highly specialized.

Of course, some careers require a PhD. These careers are easy to spot because they have the prefix Dr. in front of them or the suffix like J.D. (Juris Doctor). To become a lawyer, doctor of medicine, veterinary medicine or psychologist/psychiatrist, you must obtain a PhD in the respective field.

Salary Differences Between Master’s and Ph.D. Graduates

According to a study performed by the Georgetown University Center on Education and the Workforce , the overall evidence shows that the higher the degree you have, the higher your salary potential. However, the differences vary by subject level and field.

In general, the expected lifetime earnings of those with each degree level is as follows:

  • High School Diploma: $973,000
  • Bachelor’s Degree: $1.3 million
  • Master’s Degree: $2.7 million
  • Doctorate Degree: $3.3 million

The Bottom Line

Aside from the financial cost and length of time, the opportunity to earn a master’s and a doctorate degree can offer several benefits.

However, it is an undertaking that requires a lot of dedication and motivation on behalf of the student. As such, it’s important to perform research on your desired career’s requirements, as well as your personal interest in pursuing either a Phd vs master’s.

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Should I Pursue A Master’s or A Ph.D.?

Shot of back of graduate looking into the distance with chin resting on hand at hooding ceremony

The first step in deciding on the right graduate program for you is to figure out which degree will best serve you—a master’s or a doctor of philosophy (Ph.D.). Here are a few factors to consider.

What are your career goals?

  • Professional master’s: A good choice if you want to develop a particular skill set in order to practice a particular profession. This type of degree provides coursework focused on learning and practicing skills.
  • Research master’s: A good fit if you want to gain expertise in a discipline and know how to teach it. A research master’s typically includes a research project or thesis and comprehensive exams in addition to coursework and provides experience in research and scholarship.
  • Ph.D. (doctor of philosophy): Consider this option if your goal is to ground yourself in a body of research and develop the ability to add to that body of knowledge. Ph.D. study includes a major research project in addition to coursework, and a Ph.D. is the highest scholastic degree awarded by American universities. Contrary to common perception, career paths for Ph.D. graduates are quite varied, not just limited to academia. Ph.D. training helps you hones skills such as writing, research, teaching, data analysis, communicating complex topics—all of which can translate into many sectors, including industry, government, nonprofit, and entrepreneurship.

See career data for Duke graduate programs' alumni

How much time do you have to pursue a graduate degree?

Master’s degrees typically take two years to complete, while Ph.D. programs generally take five to seven years ( see Duke programs' time-to-degree ). That is a significant difference in commitment and opportunity costs. It might also play a key role in deciding which factors take higher priority as you evaluate a program. How does the length of the program fit with your career and family plans? How important is the surrounding community if you are going to be there for seven years instead of two? How long are you able or willing to go on a limited income while in graduate school?

How much can you afford to pay for a graduate degree?

Consider your personal financial situation (e.g., how much savings and student loans do you have), as well as how much financial aid you can get. Master’s and Ph.D. programs differ greatly in the amount of financial aid available. Ph.D. programs tend to offer significantly more financial support than master’s programs (but often will have research or teaching requirements). 

A typical Ph.D. financial aid package usually includes coverage of tuition and fees, a living stipend, and some level of support for health insurance for a set number of years. For instance, Duke’s standard Ph.D. package covers tuition, mandatory fees, and a stipend for five years, as well as health insurance premiums for six years. 

Within an institution, the level of financial support often differs across programs, so be sure to ask your specific program about the financial aid it offers. There are also many national organizations that provide competitive fellowships and scholarships for graduate students.

Know which degree you want to pursue? Here are some key things to look for in a program .

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Demystifying Graduate Degrees: Comparing Master’s vs. Doctorate

phd program vs masters

You want a graduate degree — to continue exploring your passions, make discoveries or advance your career — but how do you turn that decision into a plan?

It starts with understanding the difference between a master’s and a PhD in your field. They differ in length, intensity, curriculum and career paths, so you’ll also need a clear idea of why you want to pursue a graduate degree to determine which one you should get.

What Is a Master’s Degree?

If you’ve completed your undergraduate degree, it might be time to ask, “What’s next?”

That’s where Master’s degrees can come in.

Whether you want to specialize in a particular area or get advanced skills in your profession, a master’s degree can help you get there in 1-2 years.

The most common types of master's degrees include:

  • Master of Arts (MA),
  • Master of Science (MS),
  • Master of Business Administration (MBA),
  • Master of Education (MEd),
  • and Master of Fine Arts (MFA). 

What do you learn in a master’s program?

The short answer? A lot.

Master’s degree programs are designed to build on the foundational knowledge gained during your undergraduate studies, and the curriculum focuses on advanced knowledge and skills in a particular field.

Here’s what you can expect to encounter in a master’s program:

Advanced coursework:  Master's programs provide advanced courses that build upon the foundational knowledge gained during your undergraduate studies. These courses delve deeper into specific topics within your field and often explore the latest research and developments. 

Specialization:  One of the primary goals of a master's program is to allow you to specialize in a particular area. Whether pursuing a Master of Arts, Master of Science, or a professional degree like an MBA, you can focus your studies on a specific subfield or concentration within your discipline. 

Research and analysis:   Many master's programs require you to engage in research projects and analytical work. This could involve conducting independent research under the guidance of a faculty advisor or participating in group research projects with fellow students. Through these research experiences, you’ll develop critical thinking and analytical skills, learn how to gather and evaluate relevant data and draw meaningful conclusions.

Practical applications and internships:  Some master's programs incorporate practical training opportunities like internships, practicums, or field experiences; hands-on experiences allow you to apply the knowledge and skills gained in the classroom to real-world settings.

Collaboration and networking:  A Master's program is a rich collaboration and networking environment. Collaborative projects, group discussions, and professional events allow you to exchange ideas and build connections within your field, often leading to long-lasting professional relationships and potential career opportunities.

Thesis project:   Outside of building skills like project management, problem-solving, project management, and effective communication, thesis projects in master's degree programs serve as a cornerstone for building advanced skills, expanding professional networks, and contributing to the body of knowledge in your respective field. 

Why get a master’s degree?

Career advancement: One primary advantage of getting a master’s degree is an edge in the job market. Employers value the specialized knowledge and advanced skills that come with a master’s degree, opening up new and exciting career opportunities.  The cherry on top? Individuals with a master’s degree often earn more than those without an advanced degree — you can take that to the bank, especially if you set yourself up for financial success during your studies. Flexibility: Another aspect to consider is the flexibility that a master’s degree offers. Many programs offer part-time or online options, allowing you to balance your studies with work or other commitments.  This flexibility can be particularly helpful if you’re already established in your career but want to gain additional qualifications.  Growth opportunities: Depending on your field, a master’s degree can be a stepping stone toward a PhD or other doctoral programs. It gives you a solid foundation in research methods and academic rigor — a boon if you want to pursue a career in academia or conduct advanced research.

What is a Doctoral Degree or PhD?

A doctoral degree is a terminal degree — it represents the pinnacle of academic achievement and is the most advanced degree you can attain. Doctoral students want to become authorities in their chosen fields and develop the skills to conduct independent and original research. 

Doctoral programs usually span 3-6 years of full-time study, during which students complete advanced coursework, pass comprehensive examinations, engage in extensive research and ultimately produce a dissertation that contributes new knowledge to the field. 

There are several types of doctoral degrees based on different academic and professional aspirations, including:

  • Doctor of Philosophy (PhD),
  • Doctor of Education (EdD),
  • And Doctor of Psychology (PsyD), among others. 

What do you learn in a doctoral program?

When you successfully defend your dissertation and complete your degree, you also become an expert in your field — but it doesn’t happen overnight. Here's what you can expect to encounter in a doctoral program:

Advanced research: If you’re looking for a hard emphasis on research, a doctoral program is the place to be. Over several years, PhD students engage in extensive research activities — including conducting independent research, producing scholarly publications, and contributing to the knowledge base of their field through original research contributions.

Theoretical and conceptual frameworks:  PhDs are an incredible opportunity to deepen your understanding of theoretical and conceptual frameworks in your field of study. You'll critically analyze existing theories, evaluate their applicability, and develop your theoretical frameworks to advance knowledge and understanding in your chosen area of research.

Advanced methodological training:  Because a dissertation is an original research project, you’ll gain advanced training in research methodologies and data analysis techniques, like designing robust research studies, collecting and analyzing data, and drawing valid and reliable conclusions from your research findings.

Critical thinking and intellectual independence: Both academia and industry employers highly value independent thinkers and workers. Doctoral programs foster critical thinking and intellectual independence by challenging you to evaluate existing research, identify gaps in knowledge, and propose innovative research ideas. Teaching and Mentoring Experience: Being a teacher or mentor is a great opportunity to share your hard-earned knowledge, and universities agree. Doctoral programs often provide opportunities to teach and mentor undergraduate students, develop effective pedagogical skills, and contribute to the academic community.

Dissertation project:  Your dissertation is the culmination of years of hard work within your field. By enrolling in a doctoral program, you’re also given the chance to participate in a significant and original research endeavor that demonstrates the expertise you’ve worked so hard to cultivate.

Why Get a Doctorate?

Having a doctorate doesn’t just open doors; it can kick them down. A doctorate might be right for you if you’re looking for a door to these things:

Expertise and specialization:  Doctoral degrees can be a labor of love. They help you delve deeper into a specific subject area, gaining expertise and specialization.

Research opportunities:  Extensive research training, opportunities for conducting original research, and contributing new knowledge to the academic community — these three things make a doctorate coveted by students, universities, and employers.

Salary potential and career advancement: In some fields, having a doctorate can lead to higher earning potential and increased salary opportunities. According to the U.S. Bureau of Labor Statistics , doctoral degree holders made an average of $1,885 per week in 2020, while master’s degree holders made an average of $1,545 per week.

Contribution to society:  Doctoral research often addresses pressing societal issues, contributing to advancements in technology, healthcare, education, and other areas for the benefit of society — for many students, contributing to the greater good is just as rewarding as career advancement or personal development.

What’s the difference between a dissertation and a thesis?

You might have heard “thesis” and “dissertation” used interchangeably, but they’re not quite the same. Here are the general distinctions to consider:

  • A thesis is usually associated with a master's degree program. Students undertake a research project in the final stage of their degree.
  • It typically involves conducting original research or analyzing existing research to answer a specific research question.
  • The length of a thesis varies based on the field and program requirements, but it’s usually shorter than a dissertation.

Dissertation:

  • A dissertation is typically associated with a doctoral degree program. It is an extensive, in-depth research project that marks the culmination of a doctoral program.
  • in-depth exploration of a research topic
  • comprehensive literature review
  • methodology section
  • data collection and analysis
  • substantive discussion of findings and conclusions.
  • Dissertations are usually longer than theses and may take several years to complete.
  • Once you’ve completed your dissertation, you participate in a formal defense of the research, where you’ll present your findings to a committee of experts in the field.

Key Differences: Master's vs. PhD

Deciding between master's vs. phd programs.

“Should I get a master’s degree or a PhD?”

Answering that question can be exciting — and a bit intimidating. You must consider long-term career objectives, personal interests, and the time you can commit. Plus, the level of specialization you wish to achieve based on your career path is also a factor. Typically, a PhD is a prerequisite for those aspiring to research careers in academia, while professional roles in various industries may require only a master's degree. 

It’s still worth noting that students have the option of completing a master's degree first and then, based on their experiences and career aspirations, deciding whether to pursue a PhD.

Find the right graduate degree at SMU 

A graduate degree is a big investment, so investing in the right program is important.

SMU offers a diverse array of master's and PhD programs tailored to align with your unique interests and career goals, and personalized support, from the applicant to the graduate, is always available. 

Whether you're interested in pursuing a PhD in Chemistry or are almost finished with your MBA, we can help you find the right advanced degree.

This could just be the beginning of your journey. Get a closer look at applying to graduate programs of your choice with our guide, How to Get a PhD: A Guide to Choosing and Applying to PhD Programs .

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Doctoral degrees at SMU, and how you can choose the right program and thrive in it, in our Guide to Getting a PhD.

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phd program vs masters

  • Masters vs PhD – Differences Explained
  • Types of Doctorates

The decision of whether or not to pursue a Masters or PhD (or both) after you complete your undergraduate studies is not necessarily a straightforward one. Both are postgraduate degrees but are different in terms of the academic experience and the career paths taken afterwards.

In short, a Masters degree involves a year of study, primarily through taught lectures and a final dissertation research project, whilst a PhD (also referred to as a doctorate degree) is a three-year commitment of independent research on a specific subject.

There’s more to it than that, however – read on for more information.

What Is a Masters Degree?

A Masters degree is the next level of education after the completion of an undergraduate degree, commonly known as a Bachelors.

These degree levels are often referred to in terms of cycles so that a Bachelor’s is a first-cycle degree, a Masters is a second-cycle and finally, a PhD is the third-cycle of higher education (and the highest).

Masters degrees demand an intense period of study, usually centred around a core series of lectures and taught modules, coupled with coursework assignments and exams, followed by the completion of a contained research project usually taking students 3-4 months to complete.

These types of degrees are attractive to recent graduates who want to delve deeper into their specific field of study, gaining some research experience and more specialised knowledge beyond what an undergraduate degree can offer.

Equally, some pursue a Masters degree program in a subject that is only tangentially related to their Bachelors degree, helping them gain a broader depth of knowledge.

These degrees also serve as a significant stepping stone for those already in employment who want to progress their current career development and earn a higher salary. They can also be an excellent method for helping in changing careers completely by learning new skills and subject knowledge.

What Is a PhD Degree?

A Doctor of Philosophy (PhD) is the highest academic degree that can be awarded and is the third and final cycle in the progression of higher education.

A doctoral degree is earned on the basis of producing a significant, independent and novel body of work (a Thesis) that contributes new knowledge to a particular research topic.

These are research degrees that are a significant investment of a candidate’s time, resources and energy and are all but a pre-requisite for anyone considering a career in academia, such as eventually becoming a professor.

There are some exceptions to this, such as those with a medical background who may earn an MD (Doctor of Medicine), which is the equivalent of a PhD.

Doctoral degrees can also have a significant positive impact on career development outside of academia, especially in fields such as engineering, business and finance that have a high demand for highly qualified and capable people.

A graduate student engaged in PhD study is commonly known as a PhD student, PhD candidate or doctoral student.

What are the Benefits of a Masters Degree?

There are several reasons one might consider doing a Masters degree rather than a PhD in their graduate education. These include:

  • It takes approximately a third of the time to do compared to a doctorate degree and costs less too.
  • It’s a good way to differentiate yourself from those that hold only an undergraduate degree without having to commit to a substantial research degree.
  • The end goal is more career-focused as opposed to research-focused. For example, it is practically an ‘easier’ route to changing or progressing your career if that aligns with your professional goals.

What are the Benefits of Doing a PhD?

You may continue on into a doctoral program after a Masters or you may even dive straight in after completing your undergraduate studies. So, what are the advantages of completing this third-cycle?

  • You’ll have developed a wealth of transferable skills at graduate school, such as effective communication of complex concepts, multi-tasking time-management and the ability to adapt to and solve unexpected problems.
  • A doctorate helps to establish you as an expert within your chosen subject area; your work will hopefully have furthered the knowledge in this.
  • It will open up career paths and teaching positions within academia that may otherwise be very difficult to get a hold in (although these career paths will still be very competitive).
  • You can add the title ‘Dr’ in front of your name!

Which Degree Is More Impactful: A Masters or a PhD?

On paper, the answer should be clear: A doctorate degree is the highest degree you can earn, so has more impact than a Masters, which in turn has more impact than a Bachelors.

The reality is that the size of the impact (if any) really depends on the subject area and the career path you choose (if the measure of impact is how it positively improves your career prospects, that is).

For someone with aspirations of becoming a professor, a PhD will be of greater value than a Masters alone.

Equally, it’s also possible that someone with a PhD entering a different field or one that doesn’t require a PhD may find that their degree has no bearing on their career or in some cases may even be seen as a ‘negative’ with a concern of the person being ‘over-qualified’ for a position. There are many scenarios in which professional experience would be more valuable to an employer than a doctorate degree.

Check out the links below to our interviews with Prof. Debby Cotton and Dr Nikolay Nikolov to read their experiences of when a going through a PhD program has had a clear benefit (Prof. Cotton) and when it hasn’t been helpful (Dr Nikolov).

Debby Cotton_Profile

Do You Need to Have a Masters to do a PhD?

This really depends on the university, department and sometimes even the project and supervisor.

From a purely application process perspective, some institutions may formally require you to hold a Masters degree relevant to the subject of the PhD project before you can enter their doctoral program.

In another scenario, most universities are unlikely to accept candidates that were awarded below a 2:1 (in the UK) in their undergraduate degree but may consider someone who has ‘made up’ for this with a high-grade Masters.

Lastly, some universities now offer PhD programmes that incorporate an additional year of study in which you would complete a Masters degree before carrying directly on into a PhD project. As you’d expect, even if a university doesn’t formally require you to hold one, a Masters degree can help separate you from other applicants in being accepted on the project.

Check out our detailed guide to doing a PhD without a Master’s .

Why Do a Masters before Your PhD?

Even if you don’t need to have one, it could still be beneficial to begin your postgraduate study by doing a Masters first before you embark on your doctorate journey.

As mentioned previously it’ll help you stand out from applicants that don’t have one, but beyond that, it’ll give you a taster of what research life could be like, especially if you stay at the same university and department for your PhD.

The one-year commitment (in the UK at least) of carrying out a Masters first, and in particular your research project, will help you better understand if this is truly something you want to commit the next three or more years to.

You’ll learn some of the skills of independent research, from performing detailed literature searches to more complex, analytical writing.

At the end of it, you should be in a stronger position to consider your options and decide about whether to continue into a PhD at graduate school.

Finding a PhD has never been this easy – search for a PhD by keyword, location or academic area of interest.

How Long Does It Take to Get a Masters Degree?

In the UK, a full-time Masters degrees take students one calendar year to complete: The programme of study usually starts in September, the final research project the following April and final project viva around August. Part-time degrees are usually double the time.

How Long Does It Take to Get a PhD?

In the UK, most PhD projects take 3-4 years to complete , as reflected by the majority of funded projects offering stipends to cover living expenses of about 3.5 years.

For many reasons, projects may end up taking longer to complete, however. This might be because of difficulties in collecting enough data, or if the project is being done part-time.

Which One is More Expensive to Do?

As you’d expect, as a PhD takes three times as long to complete as a Masters degree, it will cost you more to do as far as university fees are concerned.

Another thing to consider is that many PhD projects come with some level of funding equivalent to a low salary, which may cover the cost of tuition fees and living expenses, whilst it is usually more difficult to obtain funding for Masters study.

Conversely, a Masters graduate may progress into a higher (versus PhD funding) salary sooner whilst a PhD student will endure three years of a comparatively low income.

A Masters vs a PhD: Conclusion

If you’re considering continue further graduate study after your undergraduate degree, the question of doing a Masters vs a PhD is likely to come up. They are both considered an advanced degree, each with their own advantages.

There are benefits to doing either of these graduate programs or even both of them; your decision here can be easier if you have an idea of the career you want to follow or if you know you have a love for research!

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Masters vs. PhD

What's the difference.

A Master's degree and a PhD (Doctor of Philosophy) are both advanced academic degrees, but they differ in terms of their level of specialization and the depth of research involved. A Master's degree typically requires one to two years of study beyond a bachelor's degree and focuses on providing a comprehensive understanding of a specific field or discipline. It involves coursework, exams, and sometimes a thesis or capstone project. On the other hand, a PhD is the highest level of academic achievement and requires several years of rigorous research and independent study. It involves original research, the creation of a dissertation, and a defense of the research findings. A PhD is typically pursued by individuals seeking to contribute new knowledge to their field and often leads to careers in academia or research.

Further Detail

Introduction.

When it comes to pursuing higher education, many individuals consider obtaining a Masters or a PhD degree. Both degrees offer unique opportunities for personal and professional growth, but they also differ in various aspects. In this article, we will explore and compare the attributes of Masters and PhD programs, shedding light on their differences and helping individuals make informed decisions about their educational journey.

Duration and Scope

A Masters degree typically takes around one to two years to complete, depending on the program and the student's dedication. It involves in-depth coursework, research, and sometimes a thesis or capstone project. On the other hand, a PhD degree is a more extensive and time-consuming commitment. It usually takes around four to six years to complete, involving rigorous research, comprehensive exams, and a dissertation that contributes original knowledge to the field.

While a Masters degree provides a solid foundation in a specific field, a PhD program delves deeper into research and academia, allowing students to become experts in their chosen area of study. The scope of a PhD is broader, requiring students to make significant contributions to their field through original research, while a Masters degree focuses more on acquiring advanced knowledge and skills.

Admission Requirements

When it comes to admission requirements, both Masters and PhD programs have certain criteria that applicants must meet. For a Masters degree, applicants typically need a bachelor's degree in a related field, a competitive GPA, letters of recommendation, a statement of purpose, and sometimes standardized test scores such as the GRE (Graduate Record Examination).

On the other hand, PhD programs often have more stringent admission requirements. In addition to a bachelor's degree, applicants are usually required to have a strong academic background, relevant research experience, letters of recommendation, a statement of purpose, and competitive GRE scores. Some programs may also require applicants to submit a research proposal outlining their intended area of study.

Research Opportunities

One of the key distinctions between Masters and PhD programs lies in the research opportunities they offer. While both degrees involve research, the depth and extent of research differ significantly. Masters programs often provide students with the opportunity to engage in research projects, but the focus is usually on applying existing knowledge rather than generating new knowledge.

PhD programs, on the other hand, place a strong emphasis on original research. Students are expected to contribute to their field by conducting in-depth research, often leading to the publication of scholarly articles and the development of new theories or methodologies. PhD candidates work closely with faculty advisors and are encouraged to explore uncharted territories within their discipline.

Career Opportunities

Both Masters and PhD degrees can open doors to various career opportunities, but the level and type of opportunities may differ. A Masters degree equips individuals with advanced knowledge and skills, making them well-suited for specialized roles within their field. Graduates with a Masters degree often find employment in industries, government agencies, or non-profit organizations related to their area of study.

On the other hand, a PhD degree is often seen as a pathway to academia and research-intensive careers. PhD holders are well-prepared for positions as professors, researchers, or experts in their field. They have the expertise to conduct independent research, publish scholarly work, and contribute to the advancement of knowledge in their discipline. However, it is important to note that PhD holders can also pursue careers outside of academia, leveraging their analytical and problem-solving skills in various industries.

Financial Considerations

When considering higher education, financial considerations play a significant role. Masters programs are generally more affordable compared to PhD programs. The shorter duration of a Masters degree means fewer tuition fees and living expenses. Additionally, many Masters programs offer scholarships, assistantships, or part-time work opportunities to help offset the costs.

PhD programs, on the other hand, often provide funding packages to admitted students. These packages may include tuition waivers, stipends, or teaching/research assistantships. While this financial support can alleviate the financial burden, it is important to consider the longer duration of a PhD program, which may require individuals to forgo full-time employment for several years.

In conclusion, both Masters and PhD degrees offer unique attributes and opportunities for individuals seeking advanced education. Masters programs provide a focused and efficient way to gain specialized knowledge and skills, while PhD programs offer a more extensive and research-intensive experience. The decision between pursuing a Masters or a PhD depends on various factors, including personal interests, career goals, financial considerations, and the level of commitment one is willing to undertake. Ultimately, individuals should carefully evaluate their aspirations and weigh the pros and cons of each degree to make an informed decision that aligns with their long-term goals.

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What Comes After a Master's Degree?

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After receiving your master's degree, there are still more options to study in graduate school, including an additional master's degree, doctorate programs (Ph.D., Ed.D., and others) and certificate programs to consider. These degree and certificate programs all vary in level, time to complete, and more.

Additional Master's Degrees

If you have already earned a master's degree and wish to continue your studies, you might consider a second master's degree. Since master's degrees tend to be specialized degrees, as you grow within your career you may find that a new specialty is required or that two specialties will make you an even more desirable candidate when job hunting. In education, for example, many teachers earn a Master's of Arts in Teaching degree but may return to the classroom to study for a degree in the field in which they are teaching, such as English or mathematics. They may also wish to pursue a degree in organizational leadership, especially if they are looking to grow into an administrative role in the school.

Master's degrees generally take two, sometimes three, years to complete (after earning a bachelor's degree), but pursuing a second degree in a similar discipline might allow you to carry over some credits and complete the program sooner. There are also some accelerated master's programs that can earn you a degree in less than a year; just be prepared for a lot of hard work. All master's programs entail coursework and exams , and, depending on the field, possibly an internship or other applied experience (for example, in some fields of psychology ). Whether a thesis is required to obtain a master's degree depends on the program. Some programs require a written thesis; others offer an option between a thesis and a comprehensive exam . Some programs provide capstone courses, which are usually semester-long courses that provide a comprehensive overview of everything learned within the program and ask students to complete several small thesis statements to demonstrate mastery.

A meaningful way in which master's programs differ from many, but not all, doctoral programs is in the level of financial aid available to students. Most programs do not offer as much assistance to master's students as they do for doctoral students, and so students often pay most if not all of their tuition. Many top institutions even offer full scholarships for doctoral students, but a doctoral program is usually a much more comprehensive and time-consuming educational program, requiring a full-time commitment, versus the possibility of working your full-time job while going for a master's degree.

The value of the master's degree varies by field. In some areas such as business, a master's is the unstated norm and necessary for advancement. Other fields do not require advanced degrees for career advancement. In some cases, a master's degree may hold advantages over a doctoral degree. For example, a master's degree in social work (MSW) may be more cost-effective than a doctoral degree, given the time and funds required to earn the degree and the pay differential. The admission offices at the schools you're applying to can often help you determine which program is best for you.

Ph.D. and Other Doctoral Degrees

A doctoral degree is a more advanced degree and takes more time (often a great deal more time). Depending on the program, a Ph.D. could take four to eight years to complete. Typically, a Ph.D. in North American programs entails two to three years of coursework and a dissertation — an independent research project designed to uncover new knowledge in your field that must be of publishable quality. A dissertation can take a year or more to complete, with most averaging about 18 months. Some fields, like applied psychology, may also require an internship of one year or more.

Most doctorate programs offer various forms of financial aid , from assistantships to scholarships to loans. The availability and types of support vary by discipline (e.g., those in which faculty conduct research sponsored by large grants are more likely to hire students in exchange for tuition) and by the institution. Students in some doctoral programs also earn master's degrees along the way.

Certificate Programs

Certificates can usually be earned in less than a year and are often significantly less expensive than going after additional degrees. If you're wondering what should come after your master's degree and you're not sure if a doctoral program is right for you, this could be the way to go. Certificates range in scope greatly and can allow you to hyperfocus on the areas in which you wish to excel. Some schools even offer certificate programs that are of a masters degree caliber, so you can walk away better prepared for your career and without breaking the bank. Employers who offer tuition assistance may look favorably on a less expensive certificate program as well.

Which Is the Best?

There is no easy answer. It depends on your interests, field, motivation, and career goals. Read more about your field and consult faculty advisers to learn more about which option best fits your career goals. Some final considerations are as follows:

  • What types of jobs do a master's degree, doctoral degree, and certificate holders have? Do they differ? How?
  • How much will each degree cost? How much will you earn after obtaining each degree? Is the outcome worth the cost? What can you afford?
  • How much time do you have to invest in additional schooling?
  • Are you interested enough to pursue many years of schooling?
  • Will earning a doctoral degree offer a substantial benefit in your employment and advancement opportunities?

Only you know which is the right degree for you. Take your time and ask questions, then carefully weigh what you learn about each, its opportunities, as well as your own needs, interests, and competencies. What comes after a master's degree is up to you.

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Masters vs PhD – What’s the best degree for me?

In the US, a Master’s degree is not required for a PhD – unlike most European countries, where it is a prerequisite. Thus, in the US, deciding between a Master’s degree and a PhD can be a challenging question. By understanding the distinction, you can determine which program aligns best with your aspirations and goals. This article will provide insights into the structure, requirements, and outcomes of both degrees, helping you make an informed decision.

MASTER’S VS PHD DEGREE – WHICH IS BETTER FOR MY CAREER?

Students reflecting on Master's vs PhD degree – title

If you’re a recent graduate student looking to further your academic career, a Master’s degree might be the first step. But for those aiming for a career as a tenured university professor or to lead their own research group, pursuing a doctoral program to get a higher degree could be the better option.

Choosing the right degree program requires understanding the main difference of Master’s vs PhD.

WHAT IS THE DIFFERENCE BETWEEN A MASTER’S AND PHD?

The most important difference between Masters and phd programs is the focus and the duration.

A Master’s degree is designed as an advanced study in a specific field following a bachelor’s degree. It typically involves structured coursework, sometimes combined with research, resulting in a thesis or project.

A PhD, commonly known as a doctorate, is a research-focused degree regarded as the highest academic degree in higher education. This doctorate degree usually requires a dissertation based on original research.

This table that summarizes the key differences when considering Master’s vs PhD degrees:

HOW LONG DOES IT TAKE TO COMPLETE A MASTER’S OR A DOCTORATE?

A Master’s program typically takes one to three years to complete, depending on the type of degree and the field of study. On the other hand,  a PhD program can take anywhere from four to eight years , with the exact duration varying based on goals of the PhD candidates, the subject, the doctoral program’s requirements, and the time taken to complete the PhD dissertation.

IS A MASTER’S DEGREE A PREREQUISITE FOR A PHD OR DOCTORAL DEGREE?

Master Students preparing a doctoral degree

In the United States, a Master’s degree is *not* required for a PhD. In contrast, in most European countries, a Master’s degree is a requirement for a PhD.

In the US , many PhD programs accept applicants with only a Bachelor’s degree. This is because PhD programs in the US typically include a Master’s component in the first few years. Students take coursework, complete research rotations, and pass qualifying exams before advancing to the dissertation phase.

In Europe , PhD programs are typically shorter, lasting 3-4 years. As a result, students are expected to have a stronger foundation in research before starting their doctoral studies. A Master’s degree allows students to develop their research skills, learn about their field of interest, and explore different research topics.

Here is a table that summarizes the key differences between PhD requirements in the US and Europe:

However, there are some exceptions to the general rule that a Master’s degree is required for a PhD in Europe. For example, in some countries, students with a four-year Bachelor’s degree may be able to apply directly to a PhD program. Additionally, some European universities offer joint Master’s-PhD programs that allow students to earn both degrees in a shorter period. However, these are structured to streamline the educational process and are often very competitive.

IS A SEPARATE MASTER’S DEGREE WORTH THE EFFORT?

In the US, a Master’s is not a prerequisite for a PhD because PhD programs typically include a Master’s component in the first few years.  Thus, a  separate  Master’s degree is probably not necessary in the US.  Most common Master’s degrees cater to professional fields, and a typical Master’s degree program is often designed to be a terminal degree.

In contrast, in most European countries, the discussion about a  separate  Master’s degree does not make sense because a Master’s program is required to reach the qualification for the PhD level.

WHAT’S THE FOCUS OF MASTER’S VS PHD: COURSEWORK VS RESEARCH?

PhD Students working on a research project

A Master’s degree involves structured coursework which allows students to deepen their understanding of a particular subject . Some Master’s programs may also have a research component leading to a thesis.

In contrast, a PhD is primarily research-focused . While there might be some coursework in the initial years of study, the main focus is on independent research, leading to the creation of new knowledge.

Graduate programs in related fields like social work or clinical psychology may offer  specialized Master’s degrees , such as the Master of Social Work (MSW) or Master of Arts in Clinical Psychology, designed to build academic and professional skills.

If you’re wondering whether to take the next step towards a Master of Business Administration (MBA) or a Juris Doctor (JD), which are considered  professional degrees rather than research degrees , assess the degree level that aligns with your professional goals.

For graduate students who have set their sights on becoming doctoral students, PhD programs offer a deep dive into postgraduate study. However, degree requirements for graduate school can be pretty rigorous, especially for a specialized Ph.D. program.

The life of a PhD student is marked by hard work and a deep commitment to contributing original knowledge to their field. Typically, Ph.D. candidates spend their academic year fully immersed in research projects, including anything from scientific research in clinical psychology to molecular biology.

ADVANTAGES OF A RESEARCH MASTER’S DEGREE

Opting for a research Master’s degree, such as a Master of Science, allows for a combination of coursework and a research project, often culminating in a thesis.

This path can provide rigorous training programs in research methodology and data analysis, valuable for those considering eventual doctoral degree pursuits.

Additionally, for those questioning if a doctoral degree is a good investment of time and resources, a Master’s program may be a sensible interim step to gain further work experience and professional development.

IS A PHD THE HIGHEST ACADEMIC DEGREE?

Students celebrating PhD degree

Yes, a PhD (Doctor of Philosophy) is often regarded as the highest academic degree in many fields.

However, it is helpful to note that  a PhD is not universally the highest degree in all fields . For example, in professional fields like law and medicine, the  Juris Doctor (JD)  and the  Doctor of Medicine (MD)  are terminal degrees for professional practice but differ from a PhD.

Additionally, other degrees represent the highest level of professional achievement in their respective fields, such as the  Doctor of Education (EdD), Doctor of Business Administration (DBA),  or  Doctor of Engineering (EngD) .

In some cases, there are also specialized degrees that go beyond the PhD in certain fields. For example, the  Doctor of Science (ScD)  or  Doctor of Letters (DLitt)  may be considered higher or at least on par with the PhD, depending on the institution and country. These are often awarded for a substantial body of academic research and publication.

CAREER PROSPECTS AFTER A MASTER’S VS PHD DEGREE

It is important to consider how each degree can also shape your career in science. A Master’s degree can open up opportunities for higher salaries and specialized job roles that might require a deep understanding of a particular area. You also start earning earlier compared to a PhD candidate. For example, with a Master of Public Health, you might immediately enter the workforce in your specific domain.

A PhD prepares individuals better for a research career in academia or industry. However, many PhD graduates also pursue roles in consultancy or policy-making. Someone with a PhD entering a different field may find that their degree gives them an edge in research and analytical skills.

It is crucial to assess the career and salary outcomes of the respective degrees to determine which is the most suitable for you.

WILL A PHD HELP ME EARN A HIGHER SALARY?

PhD graduation hat representing higher salary with a PhD degree

Generally, individuals with a PhD tend to earn higher salaries than those with just a Master’s degree. The advanced knowledge, specialized skills, and research experience gained during a PhD program make individuals more valuable in the job market, leading to better job prospects and higher earning potential.

WHICH GRADUATE DEGREE PROGRAM IS MORE EXPENSIVE? MASTER’S VS PHD?

The cost of pursuing either a doctorate or a Masters degree is a significant factor. While a Master’s degree can also be costly, PhD programs often come with more opportunities for financial aid such as fellowships or teaching assistantships, which can significantly reduce your total cost.

Prospective students must research and compare the salary outcomes and potential debt of Master’s and doctorate degrees. Salary is one of several crucial factor to choose a position.

When considering graduate programs, financial aid is a significant factor. While the costs of a Master’s program can vary, many students take out student loans.

The cost of a Master’s degree can be offset by working as a research assistant, which helps financially and enhances practical skills and subject knowledge essential for a successful professional career in science. Similarly, doctoral programs often offer substantial financial support, such as stipends.

The availability and extent of financial support can greatly vary depending on the field of study, institution, and country. Not all doctoral programs offer substantial financial support, and some students may still need to rely on loans or personal funding. However, there are many  free or fully funded PhD programs .

The cost of tuition varies widely between institutions and countries. The duration of the programs can also affect the overall cost. Typically, a Master’s program is shorter in duration than a PhD, which might imply that even if the annual costs are higher for a Master’s, the total cost could be less due to the shorter time frame.

Finally, you must consider the indirect costs of graduate education, such as living expenses, which can vary widely and impact the  overall costs and duration of pursuing a graduate degree.

SCOPE AND DEPTH: MASTERS DEGREE THESIS VS PHD DISSERTATION

While both a thesis (usually associated with a Masters degree) and a dissertation (associated with a PhD) involve research, the depth and scope differ. A Master’s thesis focuses on a particular topic, offering a new perspective or a deeper understanding. In contrast, a PhD dissertation involves extensive research to create new knowledge or theory in the chosen field.

IS A CAREER IN ACADEMIA THE ONLY PATH FOR PHD GRADUATES?

No. While many with a PhD degree pursue roles in academia, others venture into the corporate world, non-profit sectors, and governmental roles. Industries that require specialized knowledge or research skills often value PhD graduates.

It’s worth noting that some sectors that do not require a PhD may find the expertise of someone with a doctorate advantageous.

FACTORS TO CONSIDER BEFORE APPLYING FOR A MASTER’S DEGREE OR A PHD

When deciding between a Master’s vs PhD, consider the following:

Your scientific career goals : Do you see yourself in academia or research?

Duration of study : Are you ready to commit several years to a doctorate?

Financial aspects : Can you support the cost of tuition or are there scholarships available?

Passion for research : A PhD will require intense, focused research. 

  • Master’s degrees are typically coursework-focused with some research, while PhDs emphasize extensive research.
  • PhDs generally take longer to complete than Master’s degrees.
  • Career opportunities vary, with PhDs preparing individuals mainly for roles in academia and research, though other industries also value doctorate holders.
  • Financial considerations are vital, with PhD programs often providing more financial support than Master’s programs.
  • A passion for research and commitment to the subject are crucial for those considering a PhD.

Deciding whether to complete a PhD or Master’s degree varies greatly depending on personal career goals and academic interests. For a lot of people, graduate studies at the Master’s level provide sufficient qualifications for their intended career paths. However, if you aim to immerse yourself in academia or high-level research, a PhD is likely the better choice.

FREQUENTLY ASKED QUESTIONS (FAQ)

Which degree is right for me, a master’s or a phd.

Choosing between a Master’s degree and a PhD depends on your scientific career goals and personal aspirations. When considering an advanced degree, it’s essential to contemplate the significant differences between a Master’s degree and a PhD.

A Master’s program typically offers a structured path, often leading to a thesis-driven Master’s degree, which may be the best fit for students seeking to enhance their skills in a specialized area without the commitment to the long haul of a PhD study.

A PhD may be a better fit if you are interested in pursuing a research-oriented career or becoming a subject matter expert in a specific field. However, if you want to gain specialized knowledge and skills in a particular profession or industry, a Master’s degree could be the best choice.

WHAT ARE THE BENEFITS OF GETTING A PHD VS MASTER’S?

Earning a PhD offers several advantages. It allows you to  become an expert in a particular area of study  and opens up opportunities for advanced research and teaching positions. A PhD also enhances your critical thinking, problem-solving, and analytical skills. Additionally, individuals with a PhD generally earn higher salaries than those with a Master’s degree.

HOW LONG DOES IT TAKE TO COMPLETE A MASTER’S VS PHD?

The duration of a Master’s or PhD program varies depending on the field of study, research topic, and individual circumstances. On average, it takes around 1-3 years to complete a Master’s, while it takes around 4-7 years to complete a PhD, including the time spent on coursework, research, and dissertation writing. Several key factors  influence the duration of a doctorate .

CAN I APPLY FOR A PHD PROGRAM WITH JUST A BACHELOR’S DEGREE?

Typically, most European PhD programs require applicants to have a Master’s degree or its equivalent, while US universities accept candidates with only a bachelor’s degree because their PhD programs contain a Master’s component.

CAN I SWITCH FROM A MASTER’S PROGRAM TO A PHD PROGRAM?

Yes, it is possible to transition from a Master’s program to a PhD program. Many universities offer an option to apply for a PhD program after completing a Master’s degree. However, admission is competitive, and you will need to meet the additional requirements set by the PhD program, such as research experience and a strong academic record.

CAN I PURSUE A PHD IN A DIFFERENT FIELD THAN MY MASTER’S DEGREE?

Yes, pursuing a PhD in a different field is possible than your Master’s degree. However, switching fields may require additional coursework and research experience to bridge the knowledge gap. It’s essential to consider the specific requirements and expectations of the PhD program you are interested in.

WHAT IS THE DIFFERENCE BETWEEN MASTERS VS PHD PROJECTS?

In a Master’s program, the final project usually focuses on applying the knowledge gained during the program and demonstrating Mastery of the subject. In a PhD program, the emphasis is on conducting original research that contributes to the existing body of knowledge in the field. A PhD project typically involves a more comprehensive and in-depth study.

WHAT ARE THE CAREER OPPORTUNITIES AFTER COMPLETING A PHD?

Completing a PhD opens up a wide range of scientific career opportunities. Graduates with a PhD often pursue careers in academia as professors or researchers. The path to become a tenured professor is long, thus, reflect carefully whether it is worth it to become a professor.

PhD graduates can also work in research and development roles in industries, government agencies, non-profit organizations, and consulting firms. Additionally, a PhD can lead to leadership positions in various sectors and provide opportunities for entrepreneurship.

ACKNOWLEDGMENTS

I have used AI systems, including Grammarly, Google Bard, and ChatGPT, to enhance the English and comprehensiveness of this article. This post may contain affiliate links, meaning I get a small commission if you decide to purchase through my link. Thus, you support smartsciencecareer at no cost to you!

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Sven Hendrix is a Professor of Neuroanatomy at Medical School Hamburg (MSH) in Germany. He leads a research group dedicated to the neuroimmunology of brain repair and the development of xenofree organoid models as alternatives to animal experiments. Additionally, he serves as the speaker for CENE, a center focused on academic career development across MSH, Medical School Berlin (MSB), and the Health and Medical University (HMU) in Potsdam and Erfurt, Germany.

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The difference between a postgraduate vs master’s degree

UNSW postgraduate students

At UNSW, you’re spoilt for choice with over 400 programs on offer.

But when it comes to navigating undergraduate, postgraduate and research programs, the terminology can get a little confusing. If you’re interested in taking your studies further and want to know the difference between a postgraduate degree and a master’s degree, we have good news for you.

They’re the same! Let us explain…

What is a postgraduate degree?

A postgraduate degree is (almost) any type of university program you undertake after completing undergraduate study. ‘Postgraduate’ is a handy umbrella term that helps us classify the “level” of study of a particular program. Postgraduate programs include master’s degrees, as well as graduate certificates and graduate diplomas. 

What is a master’s degree?

A master’s degree is a type of postgraduate degree. They’re often longer than graduate certificates and graduate diplomas, taking between 1-2 years to complete. They involve advanced study of your chosen field and allow you to further enhance your skills, develop a specialisation and gain more academic and professional experience in the field. 

There are two main types of master's degrees:

Course-based: Focuses on coursework and shorter research papers

Research-based: Requires an extensive thesis project

Master’s degrees can help you advance into leadership roles, increase your earning potential, and prepare for doctoral programs.

phd program vs masters

Choosing between a master’s and other postgraduate programs

If you’re keen to take on postgraduate study but aren’t sure if a master’s degree is right for you, we’ve broken down the key differences and things to be aware of before making a decision. 

Duration: Postgraduate degrees can range from 1-6+ years depending on the program level. Graduate diplomas and graduate certificates can take as little as six months while PhD and other doctoral programs can take up to six years. Master’s degrees are the sweet spot, generally taking 1-2 years to complete.

Cost: Postgraduate degrees vary in cost depending on factors like degree type, university, program prestige and whether you study domestically or internationally. Master's degrees are typically cheaper than doctoral degrees. The average cost of a master’s degree for domestic students is between $6,000 –$11,000 annually. For international students, it’s between $20,000 – $37,000 per year. We encourage all students to check their eligibility for scholarships to support their studies. 

Flexibility : Many postgraduate degrees offer flexible part-time options, catering to working professionals. Flexibility can depend on university policies and degree requirements. As with most programs, a master’s degree can be taken part-time but will extend the time to completion.

Can I change my Master's specialisation after a bachelor's degree?

Yes, many master’s programs are open to students from all academic backgrounds. This means you can change focus areas entirely or specialise further within your field. Depending on your undergraduate program, you may be eligible for Recognition of Prior Learning (RPL)  to reduce your postgraduate study load.

Why should I do a master’s degree?

Studying a master’s degree offers many potential benefits, including:

  • Higher salary prospects and job opportunities
  • Preparation for PhD programs through research experience
  • Specialised knowledge to stand out in your field
  • Personal growth and development opportunities

What are some popular master’s degree options at UNSW?

We are known for producing Australia’s most employable graduates*. Our postgraduate programs are recognised all over the world. Here are some of our most popular master’s programs:

Master of Engineering

Master of Laws

Master of Commerce

Master of Information Technology

Master of Architecture

Master of Education

Master of Public Health

Master of Clinical Optometry

Master of Data Science

Master of Mathematics

Master of Actuarial Studies

*AFR Top 100 Future Leaders Awards 2020, 2021, 2022, 2023, 2024

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What is the difference between a postgraduate taught master’s and a postgraduate research master’s?

Pgce, mres, ma, msc or phd if you’re considering postgraduate study, use this guide to learn the difference between the kinds of postgraduate degrees on offer.

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Richard Carruthers

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Postgraduate courses come in many formats, ranging from vocational diplomas and certificates through to master’s and doctoral qualifications.

The two most common categories of postgraduate study are postgraduate taught (PGT) courses and postgraduate research (PGR) courses.

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As you shop around potential postgraduate courses, you may also come across the PGCE, the LLM, the MRes, the MPhil and the PhD.

But what is the difference between all these acronyms?

Below is a guide explaining the differences between all the postgraduate degrees on offer, including how the application process varies between them.

Postgraduate taught (PGT) courses

Postgraduate taught courses are sometimes called level 7 qualifications and are one of the most common kinds of master’s degrees. When people refer to master’s courses, they usually mean a postgraduate taught course.

These courses are typically one year in duration if studied full-time, or two years if studying part-time.

The course will usually comprise several months of taught classes, much like undergraduate study, followed by an intensive independent research project for the final few months.

These courses have highly specialised content, making them great launchpads for careers where specialist knowledge is required. They are also often used as a stepping stone to more advanced research degrees.

What’s the difference between an MSc and an MA?

Postgraduate taught courses will usually lead to either an MSc or an MA qualification, depending on the subject you choose.

An MSc stands for a “master of science” and will focus on advancing a particular aspect of scientific research across the sciences, engineering, mathematics or a similar field that involves logic, scientific research or numbers.

An MA refers to a “master of arts”, and covers postgraduate taught degrees in the arts and humanities, such as literature, languages, history, cultural studies and some social sciences.

Applying for a postgraduate taught course

To apply for a postgraduate taught course, you will normally be asked to provide transcripts showing your academic performance on your undergraduate degree, a personal statement and a CV.

Your CV should focus on your educational achievements and interests and discuss any project work that shows you have the technical and academic skills needed to be a successful and independent postgraduate student.

Your personal statement can be tackled in a similar way to a cover letter, where you introduce yourself and convey your interest, enthusiasm and motivation to study the subject. It is also advisable to tailor your statement to each course you apply for and to explain your interest in some of the modules offered by that specific course.

It can also be beneficial to demonstrate some thought around where the course will lead you in the future, whether that’s into a new career or towards further study.

With postgraduate taught courses, you often won’t have to submit a research proposal for your research project as part of your application, as the taught elements of the course are meant to help inform your research proposal.

However, some postgraduate master’s courses may ask for you to submit a research proposal or at least have an idea of the topic you want to do your master’s dissertation on, even if this changes later.

Applying to master’s courses is generally done through a decentralised system, meaning you apply individually to each course and university. Each institution will set different entrance and application requirements. Check the exact requirements your course is looking for, and get in touch with the institution’s postgraduate admissions office with any questions.

What are MRes and MPhil degrees?

The MPhil stands for “master of philosophy”. The MRes course option, which is relatively new but has grown in popularity in recent years, stands for a “master of research”.

Much like postgraduate taught courses, both the MPhil and the MRes are technically classified as level 7 qualifications, and typically take one year to complete.

The main difference between an MRes or MPhil and a postgraduate taught course is that MRes and MPhil courses place much more focus on individual research, with as much as 60 per cent to 100 per cent of either degree consisting of a personal research project.

Given the heavy research focus, MRes and MPhil courses tend to contain fewer taught classes, but you will usually receive training in research techniques. As a result of the research focus, an MRes or an MPhil may help prepare a student for a doctoral programme (PGR) or a career that requires specific research skills and techniques.

Applying for an MRes or MPhil course is very similar to applying for a postgraduate taught course, but you may be asked to submit a research proposal as part of your application, so it’s important to have an idea of the kind of research project you would like to pursue.

Doctorate courses

Postgraduate research (PGR) courses are sometimes called level 8 qualifications and usually refer to doctorate courses.

These courses take about three to four years of full-time study to complete, but the exact duration of a doctorate course depends on whether you get involved in teaching, how long your research takes to complete and how long it takes you to write your doctorate thesis.

Successful PhD candidates are awarded doctoral qualifications such as doctor of philosophy (PhD) or doctor of engineering (EngD), depending on their field of research.

Research is the core component of a PhD programme, and you will be expected to produce original work on a specific subject topic, usually in the form of a thesis.

Doctorate qualifications are often a prerequisite for a career as a university academic, researcher or scientist in industry.

Applying for a doctorate (PhD) programme

To apply for a doctorate degree, you’ll need to submit a personal statement and a CV, both providing evidence of your academic experiences and passion for the subject.

Some PhD programmes will expect you to have already completed a postgraduate taught programme, but this isn’t always essential.

For a PhD, you may also be asked to submit a detailed research proposal outlining a specific research question you would like to address, the subject area you will work in, and the approach you would take to solving this.

Your proposal should demonstrate your current knowledge and discuss how your research idea could develop or challenge existing knowledge. You should also mention the potential significance of your research and why it would be a useful contribution to your chosen field.

Usually, you will be expected to apply individually to each PhD programme you’re interested in. Places will usually be dependent on your academic achievements, but also on the funding available in your chosen university department and whether the university can provide an appropriate supervisor.

If you’re considering applying for a PhD, it may be worth contacting academics individually to discuss whether they’d be interested in supervising you and asking about any funding opportunities.

Other postgraduate courses

Aside from the categories discussed above, there are many other classifications of master’s degrees, including postgraduate diplomas and certificates.

Often these lead to a vocational qualification that is used to gain entry to a specific profession.

Examples include the postgraduate certificate of education (PGCE), which leads to a career in teaching, the graduate diploma in law (GDL) or master of law (LLM), which opens the door to the legal professions, or the master of business administration (MBA), which is a common choice for business professionals looking to gain entry to C-suite positions.

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PhD vs Doctorate: Key Differences

Although "PhD" and "Doctorate" are often used interchangeably, understanding the distinctions between a PhD is crucial for anyone considering this level of education.

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PhD vs Doctorate

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✨ 5-second summary, what is a phd.

A PhD is one of the highest academic degrees you can earn, and it’s all about contributing something new to your area of study. Imagine delving deep into the intricacies of quantum mechanics to uncover new theories or exploring uncharted territories in social psychology to better understand human behavior.

With a PhD, you’ll spend up to 3-5 years immersing yourself in research, publishing articles, writing a thesis, and eventually defending your work before experts in the field. This degree is not just about learning what others have discovered—it’s about making your own discoveries and publish it. 

What is a doctorate degree?

Doctorate is a postgraduate academic degree. It comes in various forms such as Doctor of Education (EdD), Doctor of Business Administration (DBA), Doctor of Medicine (MD), Doctor of Arts (DA) and the most common Doctor of Philosophy (PhD). These degrees are for people who want to take their expertise to the highest level in their professional fields.

For example, if you’re driven to reform educational systems, an EdD could empower you to implement effective changes. If you’re aiming for a leadership role in a business, a DBA might provide the strategic insight and research skills you need.

PhD vs. Doctorate: academic and research focus

If you’re pursuing a PhD, be prepared to focus intensely on research. This degree demands that you contribute something entirely new to your field, whether through a groundbreaking thesis or experiments. You’ll likely spend 4 years conducting research, gathering data, and analyzing results, all with the goal of advancing human knowledge. 

On the other hand, if you’re enrolled in a professional doctorate program, your studies will be more about applying existing knowledge to solve specific problems. Instead of a traditional dissertation, you might work on a capstone project directly addressing issues in your professional area. Whether it’s improving healthcare delivery or enhancing business practices, the emphasis is on real-world application.

PhD vs Doctorate: duration and structure of programs

A PhD isn’t a quick journey—it typically takes anywhere from 3.5 to 5 years to complete. You’ll start with research work and comprehensive examsbefore moving on to years of focused research and writing your dissertation. The journey is long, but the reward is a deep expertise and the potential to make significant contributions to your field.

Based on yourfield, finishing the program might take even longer time. During my years of PhD studies, I met students who were on program 8-10 years. It wasa unique situation, and you shouldn’t be afraid of starting the program, fearing that it will take so much time. Nowadays most of the universities have regulations of 4 years programs, and Principal Investigator (PI) usually can’t pay a salary longer than that.

Professional doctorates, by contrast, are often completed in 3 to 4 years. Duration varies based on the field (e.g., 4-5 years for M.D. programs, 3 years for J.D. programs). These programs blend coursework with applied research projects or practical experiences. The structure is designed to fit the busy lives of working professionals, allowing you to advance your career without stepping away from your job for too long.

PhD vs Doctorate: career opportunities

Many PhD graduates see their future in academia, taking on roles as PI with a future potential professorship, a position of researcher or a teacher. But a PhD can also open doors in industries that value deep expertise and advanced research skills, such as pharmaceuticals, tech, or consultancy.

With a professional doctorate, you’re poised for leadership roles within your industry. Whether it’s leading a school district, heading up a corporate division, or becoming a top consultant, these degrees prepare you for high-level positions where you can apply your advanced knowledge and skills.

PhD vs Doctorate: admission requirements

Getting into a PhD program usually requires anacademic background, often with prior research experience. You’ll need to demonstrate your potential for original research, which sometimes means having a research proposal. Based on a country, programs may require GRE scores, letters of recommendation, and a clear statement of purpose.

For a professional doctorate, your work experience can be just as important as your academic achievements. Admissions committees look for candidates with a proven track record in their field, who are ready to take on leadership roles. Practical experience, relevant qualifications, and demonstrated leadership skills are key components of a successful application.

PhD vs Doctorate: financial considerations

PhD programs often come with various funding opportunities, including scholarships, fellowships, and assistantships that provide a stipend. Many students receive financial support in exchange for teaching or research duties, which can make pursuing a PhD more financially feasible. In the EU PhD positions are usually fully funded, meaning that you will get a salary and there will be no tuition fee. All students from different countries who I met at conferences have been receiving a salary.

Otherdoctorate programs may have higher tuition costs, and while some funding options are available, they are often less extensive than for PhD programs. However, many students in these programs also receive sponsorship or reimbursement from their employers, recognizing the degree’s value in advancing their professional careers.

PhD vs Doctorate: academic vs. professional orientation

Depending on the field,PhD can be fully theoretical or done with experimental parts, like in Life Science or Engineering. No matter what topic you choose to study, you’ll be trained to think critically, conduct research, and contribute to the academic discourse in your field. PhD studies prepare you to become an independent researcher and it’s valuable in all professions.

In contrast, professional doctorates are geared towards solving real-world problems. The focus is on applying theory to practice, improving systems, and leading change in your field. If you’re passionate about making a tangible difference in your professional domain, a professional doctorate offers the tools and credentials to do just that.

In summary, both PhDs and other doctorate degrees represent the pinnacle of academic and professional achievement, but they serve different purposes. A PhD is ideal for those who wish to contribute to academic knowledge and pursue careers in research and academia, while professional doctorates are tailored for individuals looking to apply advanced knowledge in leadership roles within their industries. Understanding these differences is crucial in choosing the path that aligns best with your goals and aspirations.

All PhDs are doctorates, but not all doctorates are PhDs.

phd program vs masters

Natalia Akkuratova Author

Natalia holds a PhD in Medical Science from the Karolinska Institute in Sweden and has 13 years of academic experience, including teaching and student mentorship. After defending her PhD, she worked as a digital marketing specialist at Keystone Education Group.

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Graduate Certificate vs. Master’s Degree: What’s the Difference?

Learn the similarities and differences between these two postgraduate academic credentials.

Mary Sharp Emerson

Adding a postgraduate credential like a master’s degree or a graduate certificate to your resume can be a great way to advance your career. It might even be a stepping stone on the pathway to an exciting career change. 

Knowing which credential to choose, however, can be challenging.

A master’s degree and a graduate certificate can both be valuable. They have many similarities. But they are not interchangeable. 

Understanding the differences between them before you go back to school can help ensure that you choose the right one.

What is a Master’s Degree?

A master’s degree is an academic postgraduate credential designed to help you build broad, foundational expertise in a specific field or discipline. Completing a master’s usually (although not always) requires several years of coursework and a thesis or capstone project.

Master’s degrees are offered by a university or other accredited academic institution. To earn your master’s degree, you’ll have to successfully complete a set number of credit hours. 

Most master’s degree programs require 10-12 courses. To earn many of the master’s degrees at Harvard Extension School, for example, you’ll have to earn a B or higher in 12 courses (48 credits). However, each master’s degree program will define its requirements slightly differently. 

Depending on the specific program, you will likely have to complete several required courses. You’ll also have the option to tailor your program by choosing electives in areas of special interest to you.

You may also be required to complete a research or capstone project or a thesis. This project will allow you to customize your program even more, as well as further demonstrate expertise in a specialized area. 

Some master’s degree programs require a full-time, on-campus commitment. Many master’s degree programs today, however, can be completed part time (often partially or fully online). Although this takes longer than attending full time, you can continue to work while earning your degree.

Here are a few things to consider when choosing a master’s degree program .

Explore master’s degree programs at Harvard Extension School.

What is a Graduate Certificate?

Similar to a master’s degree, a graduate certificate is a credit-based academic credential offered by a university. However, a graduate certificate is more narrowly focused on a specialized field than a master’s degree.

Graduate certificates are a significantly smaller investment in time and money than a master’s. They usually require completion of between three and five graduate-level courses. Most graduate certificates at Harvard Extension require four courses, for example.

You can earn a graduate certificate as a stand-alone credential. Although a graduate certificate is not an academic degree, you may be able to stack your certificate coursework toward a master’s degree.

You can find graduate certificates in a wide range of fields. Technical certificate topics include cybersecurity and data science , for instance. 

If you’re in management, you may want to supplement your corporate knowledge with a certificate in nonprofit or strategic management . Or you may want to improve your leadership skills with a graduate certificate in social justice or equity, diversity, inclusion, and belonging . 

Most graduate certificates can be completed part time. Many offer a variety of class formats, including asynchronous or synchronous online courses and in-person courses. 

Explore Graduate Certificates at Harvard Extension School.

How is a graduate certificate different from a professional certification?

A graduate certificate is not the same as a professional or industry certification.

A professional certification is a nonacademic credential awarded by a professional or industry organization. Earning a professional certification usually requires passing a test or exam demonstrating knowledge of a set of skills or a specific tool. You may need to take a class or complete coursework to pass the exam. 

For example, to earn a Project Management Graduate Certificate at Harvard Extension School, you have to earn at least a B in four graduate-level courses in management, leadership, and strategy. To earn a Project Management Professional Certification , offered by the PMI Institute, you have to meet the PMI Institute qualification requirements and pass the PMP exam. 

Graduate Certificate vs. Master’s: What Are the Key Differences?

Understanding the key differences between a graduate certificate and a master’s degree is the first step in choosing between these two credentials. 

Here are some points of comparison that may help guide your decision-making process:

  • Required number of courses: Graduate certificates usually require significantly fewer courses than a master’s degree. At Harvard Extension School, for instance, most graduate certificates require four courses. Most master’s programs require 10 to 12 courses. 
  • Degree of specialization : A master’s degree is designed to give you broad and deep knowledge in a field. A graduate certificate is more narrowly focused; you can build specialized skills in an area. For example, you could earn a master’s degree in sustainability and a graduate certificate in sustainable food systems. 
  • Level of commitment : Graduate certificates are designed with the working professional in mind. Most certificates can be completed online, with flexible live or on-demand class offerings. Master’s degree programs vary significantly in their flexibility and the extent to which they tailor to working professionals. Some master’s degrees, for example, may be fully in person or may require that a percentage of your classes be taken on campus.
  • Cost and financial aid : Graduate certificates cost less to complete than master’s degree programs because you are required to complete fewer credits. However, once you are enrolled in a master’s degree program, you may be eligible for federal and state student loans and grants. Students working toward a certificate are not eligible for student loans, although private loans and employer tuition assistance may still be an option. 
  • Admissions process : Starting a certificate may have fewer admissions requirements than enrolling in a master’s degree program. You may be able to complete a certificate simply by taking (and passing) the appropriate classes. The admissions process for a master’s degree program varies greatly. Some master’s degree programs, for example, require a formal application process. To begin the admissions process at Harvard Extension School, on the other hand, you first successfully complete a set number of courses in the master’s degree course of study. 

Graduate Certificate vs. Master’s: Which is Best for Me?

When it comes to choosing a graduate certificate or master’s degree, there’s no right or wrong choice. 

Both credentials—when earned from a reputable, accredited university—demonstrate advanced skills and knowledge in your field. And they also demonstrate your ability and commitment to lifelong learning, a trait highly valued by many employers.

Your choice will depend on the skills you hope to gain, your unique career goals, and the level of commitment—both in time and in money—you can make to a graduate program.

Benefits of a Graduate Certificate

A graduate certificate may be most valuable for individuals who want to fill a gap in your skillset or deepen your understanding of a topic area that relates to your work. A graduate certificate might also be best for you if you find yourself unable to commit to the time or cost that it would take to complete a master’s program. Graduate certificates are a great option for students seeking to continue their education while working full time.

Benefits of a Master’s Degree

A master’s degree demonstrates a broader, more advanced breadth of knowledge across a particular field. The knowledge and skills you gain from a master’s program may be transferable across multiple career paths. While it may take longer and cost more to earn your master’s degree, the long-term benefits should make the hard work and commitment worth it.

Stacking Your Credentials

In some cases, you may find you don’t have to choose. At Harvard Extension School, for instance, the courses you take to earn a certificate may also apply to a master’s degree program. Many graduate students complete one or more graduate certificates while completing a master’s degree.

Going back to school is a big decision — one that can have a critical impact on your career. The good news is that there are many options and opportunities for continuing your education. Whether you choose a graduate certificate or a master’s, both can be an excellent investment in your future.

Ready to get started? Find the program that’s right for you.

Browse all graduate programs at Harvard Extension School.

About the Author

Digital Content Producer

Emerson is a Digital Content Producer at Harvard DCE. She is a graduate of Brandeis University and Yale University and started her career as an international affairs analyst. She is an avid triathlete and has completed three Ironman triathlons, as well as the Boston Marathon.

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COMMENTS

  1. Master's vs PhD

    The two most common types of graduate degrees are master's and doctoral degrees: A master's is a 1-2 year degree that can prepare you for a multitude of careers. A PhD, or doctoral degree, takes 3-7 years to complete (depending on the country) and prepares you for a career in academic research. A master's is also the necessary first ...

  2. Master's vs. Ph.D.: What's the Difference and Which One to Choose?

    In some cases, students may be awarded a stipend, or pay, to complete the doctoral program and dissertation. Ph.D.'s take a considerably longer time to complete than a master's, five to eight years on average, and they carry a rather high rate of noncompletion due to time and financial commitments.

  3. Masters vs PhD Degree

    For most students, a Bachelor's degree is the 'first' degree. Second is a Master's degree. Third is Doctorate degree, such as the Doctor of Philosophy (PhD), is a 'terminal degree'. But that doesn't mean it's the same path for everyone or for all subjects. Sponsored Listings.

  4. Master's vs PhD

    2. PhD: After earning a master's degree, the next step is a PhD, which entails both working and performing research at an institution. A PhD is an abbreviation for "Doctor of Philosophy.". It is the highest academic degree one can achieve. As such, it is a time-consuming pursuit that requires a lot of studying and research.

  5. Should I Pursue A Master's or A Ph.D.?

    Master's degrees typically take two years to complete, while Ph.D. programs generally take five to seven years (see Duke programs' time-to-degree). That is a significant difference in commitment and opportunity costs. It might also play a key role in deciding which factors take higher priority as you evaluate a program.

  6. Demystifying Graduate Degrees: Comparing Master's vs. Doctorate

    In some fields, having a doctorate can lead to higher earning potential and increased salary opportunities. According to the U.S. Bureau of Labor Statistics, doctoral degree holders made an average of $1,885 per week in 2020, while master's degree holders made an average of $1,545 per week. Contribution to society:

  7. Masters vs PhD

    A Masters degree is the next level of education after the completion of an undergraduate degree, commonly known as a Bachelors. These degree levels are often referred to in terms of cycles so that a Bachelor's is a first-cycle degree, a Masters is a second-cycle and finally, a PhD is the third-cycle of higher education (and the highest).

  8. The Difference Between Masters and PhD Study

    The most obvious difference between a Masters and a PhD in terms of overarching course structure is length. Whereas a Masters is completed in 1-2 years, a PhD will usually take 3-4 years (if studied full-time) or 5-6 years (if studied part-time). 3-4 years may sound like a long time, but by the end of a PhD you'll not only researched, written ...

  9. PhD vs Master's Degree: What's the Difference?

    There are also differences between the structure of each program type. A master's degree program typically includes one to two years of classes with an internship or capstone project in the last year. A Ph.D. typically includes three to five years of classes, with two to three years of preparation for a dissertation.

  10. Masters vs. PhD

    In conclusion, both Masters and PhD degrees offer unique attributes and opportunities for individuals seeking advanced education. Masters programs provide a focused and efficient way to gain specialized knowledge and skills, while PhD programs offer a more extensive and research-intensive experience. The decision between pursuing a Masters or a ...

  11. Master's and Doctoral Degrees: What's the Difference?

    In some cases, a master's degree may hold advantages over a doctoral degree. For example, a master's degree in social work (MSW) may be more cost-effective than a doctoral degree, given the time and funds required to earn the degree and the pay differential. The admission offices at the schools you're applying to can often help you determine ...

  12. Masters vs PhD

    Generally, individuals with a PhD tend to earn higher salaries than those with just a Master's degree. The advanced knowledge, specialized skills, and research experience gained during a PhD program make individuals more valuable in the job market, leading to better job prospects and higher earning potential.

  13. PhD vs. Master's: What's the Difference Between Them?

    Requires less time than a PhD: The main benefit to pursuing a master's degree rather than a PhD is that it requires fewer years of study. You can get a master's degree in a year or two, but it may require more than double that amount of time to get a PhD. Enhances your knowledge: If you enjoyed the topic you studied when getting your bachelor's ...

  14. The difference between a postgraduate vs master's degree

    Duration: Postgraduate degrees can range from 1-6+ years depending on the program level. Graduate diplomas and graduate certificates can take as little as six months while PhD and other doctoral programs can take up to six years. Master's degrees are the sweet spot, generally taking 1-2 years to complete. Cost: Postgraduate degrees vary in ...

  15. What is the difference between a postgraduate taught master's and a

    Examples include the postgraduate certificate of education (PGCE), which leads to a career in teaching, the graduate diploma in law (GDL) or master of law (LLM), which opens the door to the legal professions, or the master of business administration (MBA), which is a common choice for business professionals looking to gain entry to C-suite ...

  16. What is the difference between a master's degree and a Ph.D.?

    PhD is a research focused degree, while a masters degree usually isn't. Also if you want to work in academia having a PhD is a common requirement, not always but usually. To complement what others have said, a PhD trains you to be a scientist (ie, creator of new knowledge) in your field.

  17. Is it more expensive to get a master's or a PhD?

    A master's is a 1- or 2-year graduate degree that can prepare you for a variety of careers. All master's involve graduate-level coursework. Some are research-intensive and intend to prepare students for further study in a PhD; these usually require their students to write a master's thesis. Others focus on professional training for a ...

  18. PhD vs. Masters : r/GradSchool

    Masters can be more beneficial for industry job market. I forgot what study it was, but it showed masters students make more money than PhDs. Spending 2 years for grad school, + 4 years advancing in industry, can overtake 6 years of doing a PhD in terms of salary. ETA: Also PhDs are just hard.

  19. PhD vs Doctorate: Key Differences

    PhD vs Doctorate: financial considerations. PhD programs often come with various funding opportunities, including scholarships, fellowships, and assistantships that provide a stipend. Many students receive financial support in exchange for teaching or research duties, which can make pursuing a PhD more financially feasible.

  20. Graduate Certificate vs. Master's Degree

    Here are some points of comparison that may help guide your decision-making process: Required number of courses: Graduate certificates usually require significantly fewer courses than a master's degree. At Harvard Extension School, for instance, most graduate certificates require four courses.

  21. Masters then PhD or straight to PhD? : r/AskAcademia

    From my own experience and those of others that I know, generally, students coming in within a MS will likely complete their PhD quicker, but in some ways it doesn't really matter (i.e. 2 years for a MS followed by 4 year PhD vs 6 year PhD, it's still 6 years). I think the advantages of doing a MS first are two fold, 1) actually taking a ...