A master's degree is a graduate degree in a specific subject, obtained after graduation from a bachelor's degree program. Often the master's degree must be pursued in the same or similar subject as the bachelor's degree, though there are significant exceptions. In some fields the master's degree is is the highest degree available; in others it is the midway point between a bachelor's and a PhD.
Depending on the subject studied, the degree awarded can be a Master of Arts (MA), Master of Science (MS), Master of Business Administration (MBA), Master of Education (MEd), and a variety of other specialties. A PhD candidate who has passed the first set of classes or exams may be awarded a master's degree before beginning a thesis, or may be awarded a terminal master's degree and dismissed from the PhD program.
Certain fast-track degrees may be completed within a year, whereas a part-time degree may take three to four years. Rarely does a university allow a student to take more than six years to complete the degree. Additionally, the application process for graduate school may take from several months to a year; this process must be factored into the overall length of time it will take to complete your degree.
Modern graduate degrees often allow flexible options for study.
Distance education is one of the fastest growing types of degree program. Lectures can be delivered via streaming media, class discussions conducted over bulletin boards, or chat and assignments posted online or emailed.
Evening degrees are a popular choice among working professionals. Classes are offered outside traditional work hours and may require fewer weekly class or homework hours. Often the program runs year round rather than having a summer break, to allow students to graduate at the same time as their daytime degree peers.
Part-time degrees may utilize any combination of evening classes, distance learning and weekend seminars. These programs typically extend the time of graduation by half, turning a two-year program into a three-year program.
Traditional on-campus programs still offer the greatest range of subjects and often the greatest access to faculty and staff.
Like all education, what you get out of your master's degree is what you put into it. Consider carefully whether you'll be able to dedicate yourself to being a student for the entire length of your program, in addition to your other responsibilities.