It is always great to have options when making a significant, life-changing decision. And generally, the more options we have, the more accurately we can choose what suits us. On the flip side, if you are unsure what you want, too many choices might confuse you.
When I did my master’s degree in business, even though there were a few specialised degrees at that time, most of us just stuck with the big four generic specialisations – marketing, HR, finance and IT.
A master’s degree in business can be a versatile and valuable degree that can help you advance your career in various fields and industries. However, choosing the right specialisation for your master’s can be a challenging and crucial decision, as it can determine your future prospects and opportunities. There are many factors to consider when selecting a master’s specialisation, such as your current and future career goals, interests, strengths, market demand, salary potential, and personal growth.
The following are FIVE tips that can help you make an informed decision when choosing a specialisation for your master’s degree in business.
1. Assess your interests and strengths. You should choose a specialisation that aligns with your passion, curiosity, and aptitude. You should also consider your previous academic background, work experience, and skills and how they can help you excel in your chosen field.
2. Consider your career goals and aspirations. Choose a specialisation that matches your vision, purpose, and ambition. It would help if you also thought about the roles, responsibilities, and challenges you want to take on and the impact you want to make in your industry or society.
3. Research the market demand and trends. Choose a specialisation with high demand, growth potential, and relevance in the current and future job market. It would be best to look at the industry outlook, the competition, the opportunities, and the threats in your chosen field.
4. Evaluate the salary and return on investment. Choose a specialisation that offers a lucrative and competitive salary and a good return on your investment (a master’s degree from a reputed and globally recognised university can be expensive). You should also consider the cost, duration, and quality of the master’s degree program and how it can affect your financial situation and career prospects.
5. Seek advice and guidance. Consult your mentors, peers, professors, or career counsellors who can offer insights, suggestions, or feedback. You can also read online reviews, blogs, articles, or forums, where you can find helpful information and opinions from other business degree students or graduates.
These are just a few tips that I believe will help you make an informed decision when choosing a master’s degree specialisation that works best for you. Please comment below if you have any other suggestions or tips to help our readers make a more informed decision.
Explore several specialised master’s/bachelor’s/PhD degree programmes that Robert Kennedy College offers through exclusive partnerships with top British universities. You could also get in touch with our team of admission advisers on WhatsApp, who can have a look at your profile and give you some advice.
If you have already made up your mind, click here to apply.