Content written by Michael Nietzel and published by Forbes
MBA News Digest Comment: None.
Extracted Content: U.S. universities are on track to award about 800,000 master’s degrees this year, representing another year of impressive growth. In fact, since 2000, the rate of growth of earned master’s (60%) has outpaced the increase for baccalaureate degrees (52%) and doctorates and first professional degrees (49%).
What accounts for the robustness of the master’s degree? Once regarded largely as a consolation prize for students thought not to have what it took to finish a Ph.D. and still viewed skeptically by some in the academy, the master’s has increased its position in the higher education marketplace, despite the fact that enrollment numbers for its bell cow – the M.B.A .- appears to have peaked.
Here are five reasons why master’s programs are going as strong as ever.