So exactly how long does it take to earn a master’s degree? Find out what factors can influence your program, and what you can do to speed up the process.
There’s no doubt about it — a master’s degree can help you earn more money in the long run, but is the time it takes to complete the degree worth it?
On average, master’s programs take about two years to complete, but depending on the program, it can take longer or shorter. Checking the length of time it takes is important not only for your academic planning but also for the financial and personal investments you need to make.
Notably, from 2010–11 to 2020–21, the National Center for Education Statistics (NCES) reported a 19% increase in conferred master’s degrees. So, yes, many students are finding it more and more worth it to earn a master’s.
How Long Does It Take to Get a Master’s Degree?
A master’s degree is an accomplishment that many college students and graduates consider taking on, but how long does it take to complete a master’s degree?
Many U.S. master’s programs can be completed in two years or less if you enroll full time. Enrolling in accelerated programs and taking hybrid or online master’s courses can speed up the process in some cases. It is also good to be mindful that some programs take more than two years to complete.
Because the length of time can vary from program to program, it’s important to do your research beforehand. For example, some colleges may offer one-year MBA programs, while others only offer two-year programs.
Is a Master’s Degree Worth Your Time?
Deciding if a master’s degree is worthwhile involves personal reflection and research. On average, master’s degree holders earn 20% more annually than those with only a bachelor’s degree, according to the NCES.
According to the 2022 Bureau of Labor Statistics study, master’s degree holders have a higher median salary ($1,661 weekly) and the lowest unemployment rates than those with a bachelor’s degree or less.
To determine the value for yourself, calculate the return on investment of your degree and weigh the increased earning potential against the time and cost of obtaining a master’s degree.
Frequently Asked Questions About Master’s Degrees
Can you earn a master’s degree in one year?
Yes, while most programs can be completed in two years, there are some accelerated programs that allow you to finish a master’s degree in one year.
How long does it take to earn an MBA?
Full-time MBA programs usually take two years to complete, while part-time or executive options may take two or three years. Accelerated MBA programs can be completed in around one year. Factors like curriculum, credit requirements, and summer courses also impact the timeline.
How long does it take to earn an M.Ed.?
Earning a master of education (M.Ed.) takes 1-2 years for full-time programs and 2-3 years for part-time or online options, depending on program requirements.
Is it hard to earn your master’s?
The difficulty level varies among students, but it’s crucial to consider that master’s programs generally entail higher rigor than bachelor’s degrees. You’re expected to attain professional-level understanding with less professorial guidance.
Additionally, most master’s programs emphasize research, so you can expect to do a good bit of reading and independent study.