My degree is supply chain management, is it worth it to pursue a masters?
My degree is supply chain management. Is it worth it getting a masters? how much salary increase are we talking? Is it better to go up the corporate ladder and secure a managerial position. Everyone is telling me to get a masters but I am a person that genuinely hates school. Always did. I'm not worried about the money because eventually I will find a way to make big bank. I just feel lately that a supply chain degree alone without a masters is like useless.
Also I need top marks in all of my courses if I want to do masters and to be honest I just want to pass and relax and not worry about getting 90's and 80's.
I would not recommend a masters until you have some work experience. This is because to get the most out of your masters degree, having real world experience to apply it to, is valuable. There's a lot to learn about the supply chain that is not in a text book and there are opportunities to develop skills and expertise, while in the role. Additionally, supply chain is one of those areas that continually changes and always has different situations and challenges to address - just look at what occurred through the pandemic!). Supply Chain has a very flexible career path. I've supported supply chain from multiple perspectives (Procurement, FP&A, Accounting, Cost Accounting, IT, Manufacturing, Shared Services, Strategy and Logistics), lets just say, you can never be bored, there is breadth and depth of learning and there is upward mobility career wise. If you enjoy learning by doing and working with operational and cross functional business partners, you don't need to get your masters to be successful.
On the pay side, with no work experience, it's likely only a 2-5k annual pay difference to your undergrad! This is nothing in the grand scheme of things, and promotability is based on results, softskills & leadership, not on whether you have your masters or not.
If you have some companies in mind that you would like to work for, it would be good to understand from their HR on how they view having a Masters. You could contact them and ask the question. This would give you guidance also.
Spending some time working before pursuing further education can be hugely beneficial in various ways. Not only will you gain valuable insights into the day-to-day realities of a particular sector or job role, but you will also develop a range of relevant skill sets which will improve your employability prospects. Furthermore, work experience can help you build a professional network that can offer guidance, mentorship, and potential job opportunities when you eventually complete your postgraduate studies.
In addition, understanding your long-term career goals will enable you to select a postgraduate program that aligns with your aspirations, ensuring that you invest your time, energy, and financial resources wisely. You may even discover new areas of interest while working that you were previously unaware of, broadening your horizons and informing your academic pursuits.
In summary, it would be prudent to first acquire more work experience before registering for a postgraduate course. This experience will not only help you identify your career path and specializations of interest but also increase your employability, expand your professional network, and better prepare you for the challenges and opportunities that lie ahead.
Samantha M’s Answer
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