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Study Says Master’s Degrees Make American Workforce Competitive

Posted May 04, 2010 02:20 PM

Study Says Master’s Degrees Make American Workforce Competitive
Study Says Master’s Degrees Make American Workforce Competitive
Employers are increasingly looking to higher education to provide workers for their job openings, and there are signs that masters degrees are giving candidates the necessary advantage to successfully compete for many well-paying positions.

Moreover, according to a new report from the Educational Testing Service masters degree programs are likely to be key to keeping the U.S. workforce globally competitive in the coming years. Consequently, the researchers are stressing the importance of businesses, schools and governments to work jointly to make access to graduate level-study open to all individuals.

Specifically, the report found that some 2.5 million jobs will be created in the next eight years that will require advanced academic training, including 18 percent that will require a masters degree, and 17 percent a PhD.

However, the authors pointed out that enrollment in U.S. graduate programs has fallen in the past two years, and is currently lagging behind Europe and Asia.

"A great strength of U.S. graduate education is the preparation of people at the master's level for a wide variety of careers," said Stanley S. Litow, vice president of Corporate Citizenship & Corporate Affairs at IBM.

"Doctoral education is another key driver of innovation, and its role can only be enhanced by more effective partnership between business and academia," he added.

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