The master’s degree is the second degree you can obtain at universities, universities of applied sciences, pedagogical colleges, and other institutions that can award academic degrees. You can only start a master’s program if you have already successfully completed a bachelor’s degree.
There are two types of master’s studies: consecutive and non-consecutive master’s degrees.
The consecutive master’s degree builds on the content of your previous bachelor’s program. A consecutive Master’s can only be started in the same subject as the previous Bachelor’s program or in at least one related subject.
Non-consecutive master’s degrees require a bachelor’s degree, but there is no strict subject requirement. The non-consecutive master’s degree does not need to be in the same discipline as the bachelor’s degree.
A master’s program has a standard study period of two to five semesters. As already mentioned, the various master’s programs generally build on the previous bachelor’s degree in terms of content.
For example, you can register after a previous general bachelor’s degree (eg business administration) with a master’s degree (eg marketing management).
You can start a master’s degree right after your bachelor’s degree or study later in your professional life. The latter usually works through part-time studies, such as distance learning or night studies.
As in the Degree, ECTS points are awarded in the Master. The range varies from 90 to 120 credit points, depending on the length of the studies. Master’s studies, like all other academic courses, are verified by an accreditation agency and can only be offered by universities, colleges, and teacher training universities if they pass the exam.
You can get your master’s degree in your home country or go abroad. There are unlimited benefits to completing your Master-abroad and this has given you countless opportunities in the future.
Studying abroad opens up exciting new avenues. Renowned universities offer scholarships and grants that you should apply for. Even a semester abroad brings valuable skills that go far beyond improving language skills.
Future employers have proven to be open and flexible. In addition, you train your skills to work in international teams. If you really understand, you can also complete a full master’s degree abroad.
Great Britain is known for its differentiated offer. Many countries like Germany, the USA, Canada, and Australia offer fully or partially funded scholarships and grants for international students.
Contacting consultants and applying to the world’s best-known universities will be the first step toward a bright and successful future.
Master in Business Analytics
A master’s degree in business analysis provides students with the skills necessary to make important decisions in the business world. The business analysis includes elements of mathematics, statistics, and calculus to provide a broad framework for developing solutions to business problems that fall within your specific area of responsibility.
Graduates of this master’s degree are in high demand in the job market and can work in a variety of fields, including but not limited to:
- Product development
- Project management
- Quality control
- Software development
Master of Accounting
A master’s degree in accounting familiarizes students with the most effective methods for calculating, summarizing, and conveying important financial information.
All businesses strive to make money, and regardless of the industry, businesses need accounting and finance experts for their day-to-day operations. In general, accounting financial statements cover a variety of business-related topics and serve as an excellent way to initiate positions.
Some professional roles that a graduate may pursue include:
- Budget analyst
- Finance Director
Master of Finance
Those who complete a Master of Finance will gain a solid understanding of business economics and financial principles upon graduation. The content of the program is likely to be based on examples from public and corporate finance and draw on valuable insights into how markets work.
You will also gain insight into practical investment methods, risk management, valuation, and pricing of financial instruments.
After gaining such a broad understanding, finance postgraduates can begin careers in many different areas, and some professional titles may include the following:
- Personal financial advisor
- Financial analyst
- Budget analyst
Master of Business Administration
An MS in Business Economics will emphasize the problem-solving skills necessary to address and overcome many of the challenges that a growing company can face.
The program will serve as a valuable tool for those who believe there is a need to improve their adaptive and problem-solving skills, and students who wish to gain an international perspective will benefit from including global political, social and economic debates in their studies.
Successful graduates have the potential to work in various public and private sector organizations such as:
- Resource Economists
- Political consultant
Tips for Choosing a Specialization
In engineering studies, it is important to specialize and choose the appropriate modules at the end of the degree or, at the latest, in the master’s degree. There are usually many options already at your own university or university of applied sciences.
If you also look at the options at other colleges, you’ll quickly find an unmanageable array of focal points. If you have difficulties in choosing a specialization, I would like to give you some advice.
Do not ignore your personal interests, because that only leads to frustration
Suppose there was a course where, by completing all the associated modules, everyone got a well-paid employment contract. It looks great at first. But what if you’re not interested in the focus content?
Did you fall asleep through the basics when the subject was raised? So at the end of the torture, you end up in a workplace where you do something 35-40 hours a week that you don’t enjoy. No one can bear it.
The most important content of engineering studies is learning to become a problem solver.
This is not stated in any module manual. As an engineer, you will regularly face technical problems for which you will have to find individual solutions. Even if there is a major in your studies that is a perfect fit for your dream job, only approaches and connections can be taught here.
If there were already solutions to the challenges of the profession that could be taught to you during your studies, this would not be a task for an engineer.
Just point out how difficult the tasks in the exercises look if you work on them in advance, and how simple and logical it all sounds when solutions are discussed.
The world of work is constantly changing
Some of you also look at job postings that interest you when choosing your focus. Of course, this is a good first step and could help you land your first job later on. However, you should keep in mind that tasks change over time.
Whether it’s a new project or changing employers after a few years and doing something different than you did before. If you put everything on a card to perfectly prepare for a job, you could be at a disadvantage.
Now that I’ve discussed the best majors for higher education, as well as some important tips for choosing the right major for you, I hope this sets you on the right track and helps you find exactly what you need. I wish you all the best and a wonderful journey of your mastery!