Master’s vs. PhD

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Weighing Anchor – Choosing Your Course

So, how do you navigate this academic crossroads? Here’s a handy table to help you weigh anchor:

Feature Master’s Degree PhD
Focus Deepen existing knowledge and skills Conduct original research and contribute to the field
Time Commitment 1-2 years 3-5+ years
Financial Footprint Relatively lower Potentially higher
Flexibility More flexible options Less flexible, often requiring full-time dedication
Career Paths Higher-level positions in existing field Research, academia, leadership roles