<p><a href="https://www.collegecareerlife.net/wp-content/uploads/2011/09/Graduates-w-Diplomas.jpg"><img class="aligncenter size-full wp-image-3952" src="https://www.collegecareerlife.net/wp-content/uploads/2011/09/Graduates-w-Diplomas.jpg" alt="Graduates w Diplomas" width="480" height="327" /></a>If you&#8217;re planning on applying to graduate school or are already attending, you may struggle with the decision of how far to take your education. What are the advantages of obtaining a terminal degree? Do you really want to spend years in school to get a doctorate? Will you be better off in the long run to stop with a master&#8217;s? The answers to these questions depend on your individual career goals and interests. Some important points to help you decide:</p>
<p><strong>Pursue a master&#8217;s degree if &#8230;<br />
</strong></p>
<p>&#8211; You want to become qualified for more jobs in your industry.</p>
<p>&#8211; You want to increase your earning potential.</p>
<p>&#8211; You are interested in teaching at a community or technical college, or as a lecturer/instructor at a four-year university.</p>
<p>&#8211; Wish to finish your education within the next two to three years.</p>
<p>&#8211; You are more interested in working in industry rather than academia.</p>
<p><strong>Pursue a PhD if&#8230;</strong></p>
<p>&#8211; You want to conduct research in your field of study.</p>
<p>&#8211; You want to work as a professor at a four year college or university.</p>
<p>&#8211; You have an intense interest in a specific area of study.</p>
<p>&#8211; You love learning and don&#8217;t mind going to school for several more years.</p>
<p>&#8211; You are willing to relocate for jobs and research opportunities.</p>
<p>&#8211; There are lucrative job opportunities for PhD holders in your field.</p>
<p>In general, those seeking a PhD are willing to sacrifice time and money in order to pursue their interests. <a href="https://www.collegecareerlife.net/smart-phd-options-to-consider/">PhD holders can make high salaries</a>, especially consultants or industry executives. However, pursuing a doctorate often means working for modest wages for many years or even decades. If you are committed to becoming an expert in your field and overseeing research, a PhD may be the best choice. If you don&#8217;t have the patience to spend five or more years obtaining a graduate degree but want to increase your career prospects, a master&#8217;s degree is a good option. You can always return to school later to pursue a terminal degree.</p>