December 30, 2015
There's never been a more exciting time to consider the ways in which you can advance in your career. With nearly four million baby boomers retiring each year, creating 30 million job openings by 2020 - and a projected 14 percent annual rate of growth of new jobs beyond that over the next 10 years, reports the U.S. Bureau of Labor Statistics (BLS) - the question then becomes: How prepared are you for this next wave of opportunity?
The Brookings Institute, a private nonprofit devoted to independent research and innovative policy solutions, notes that approximately 30 percent of adults, age 25 and older, hold bachelor's degree and a smaller percentage have earned a master's degree. Yet employers are increasingly on the lookout for strong candidates with a bachelor's and beyond. Those with advanced education, master's degree and higher, will be positioned for success in an increasingly competitive workspace.
The Global Workforce Leadership Survey, released in early 2015 by Saba, a leader in cloud-based intelligent talent management solutions - in collaboration with WorkplaceTrends.com - revealed "a growing talent gap at the executive level" as HR executives pursued strong candidates to fill senior leadership roles. This gap impacts succession planning within organizations, but creates significant advantage for those aspiring to a lead role.
So, how do you turn aspiration into reality? A master's degree may well be the first step. Wondering how you'll juggle the responsibilities of your busy life - a job, family and so much more - with the work of a master's program? Perhaps an online master's degree with Southern New Hampshire University is the way to go. You'll have the flexibility of 24/7 access to your courses, instruction from real-world experts and the support you'll want from academic and career advisors to help you succeed in meeting your goals.
Business, IT and healthcare sectors are among the industries with considerable growth through 2020 and beyond. Let's take a look at how you can maximize your experience and education to find success in one of these fields.
While business is an area of high focus for those seeking a master's degree, it's also a field offering some of the highest wage premiums for its workers with a master's degree, according to the BLS, particularly those in financial positions with nearly a 90 percent higher salary over those with just a bachelor's.
With SNHU's online MS in Finance, you'll gain the financial analysis and quantitative skills you'll need to become a leader in the field. Coursework delves into investments, corporate finance, advanced economic theory and financial markets. Want to take a deeper dive into a specialized area of finance interest? You'll have the option of choosing a corporate finance online or investments & securities online concentration. The former positions you to move into a CFO, corporate treasurer, director of finance, financial analyst or other lead finance role, while the latter focuses on asset analysis, debt and equity, securities, investment strategies, portfolios and more.
SNHU's online master's degree finance programs build off a rich history of providing highly respected undergraduate and graduate degrees, having been founded as an accounting school in 1932.
For students like Charlie Lee, an online MS in Finance made a difference in his personal career trajectory. When he considered his employment skills inventory, he found it to be lacking to meet the challenges of his work goals.
"I compared three accredited master's degree in finance programs," said Lee. "Since the quality of all graduate programs is addressed through accreditation, I then inquired into the return on investment based on the cost of additional education investment." After a comparative ROI analysis, he decided that SNHU's MS in Finance presented the greatest value for his employment situation.
Lee said that his employer took note, particularly with the additional skills he acquired through quantitative analysis, managerial accounting and financial reporting. "Backed by data, I have experienced confidence and renewed career focus, thanks to SNHU's MS in Finance program," he said.
Get ready to take the lead in information technology (IT) through a variety of roles with an online master's degree in information technology. There's substantial earning potential for master's degree holders in the IT field, with an estimated 26 percent premium over those with a bachelor's working in network and computer systems administrative roles, with a range of 18 percent to 23 percent higher wages for those in information security analysis or web development roles, according to the BLS.
SNHU's online MS in Information Technology will allow you to bridge the gaps between communications, IT and business management and increase your marketable skills. You can take advantage of eight specialized concentrations to hone in on your personal interests and develop greater expertise in data analytics, database design, healthcare informatics, information security, IT management, software application development or web design.
When Timothy Patterson decided he needed a change in his career, he chose SNHU's online MS in IT after doing quite a bit of research and, finally, speaking with an admission counselor. He's glad he did. "The support that SNHU shows to their students is top-notch," said Patterson. "You won't find these kind of people anywhere else."
With an aging population and the steady retirement of baby boomers, there are significant needs within the healthcare sector. There's a storm brewing, with AMN Healthcare reporting that more than half of the registered nurses in the U.S. are older than 50, and 62 percent are considering retirement in the next three years, according to a recent Fast Company article. The American Association of Colleges of Nursing (AACN) also noted that nearly 69,000 qualified applicants were turned away from nursing programs in 2014, in large part because of a shortage of faculty. The need for strong healthcare educators and clinical nurse leaders continues to grow - and this trend is sure to escalate.
SNHU is preparing nurses to become leaders in the healthcare industry, shepherding in a new generation of highly qualified nursing professionals to take the reins. If you already have an unencumbered registered nursing license, consider one of SNHU's online master's degree nursing programs.
Clinical Nurse Leader (CNL) is a fairly new role in healthcare, which was developed by the AACN to increase patient care quality and prepare nurses to succeed in increasingly complex healthcare environments.
Designed for proactive nurses, who still work within a clinical setting, SNHU's online Master of Science in Nursing (MSN) Clinical Nurse Leader (CNL) program is based on the competencies and practice standard defined by the AACN. Upon successful graduation of this online master's degree program, you'll be eligible to sit for the national CNL exam offered by the Commission on Nurse Certification (CNC).
As a nurse, imagine the legacy you can create within the field you love by teaching the next generation of nurses. You'll be able to combine your vast clinical experience with a passion for teaching in SNHU's online master's degree nurse educator program. As an MSN in Nurse Educator graduate, you'll be able to lead and teach future nursing professionals as an academic or clinical nurse educator in universities, community colleges, hospitals and healthcare organizations.
Based on the competencies and practice standards defined by the AACN and the National League for Nursing (NLN), you'll be eligible to sit for the national Certified Nurse Educator (CNE) exam offered by the NLN upon successful completion of your online master's degree program.
At the graduate level, SNHU also offers two other online master's degree programs in nursing: a Master of Science in Nursing (MSN) and MSN in Patient Safety & Quality, as well as an accelerated RN to MSN degree.
SNHU's online nursing program was designed by nurses for nurses who need a flexible and affordable way to advance their nursing education. Students are viewed as respected colleagues, who come to the learning environment with their own unique views of the world and nursing. The Bachelor of Science and Master of Science in Nursing programs at Southern New Hampshire University are accredited by the Commission on Collegiate Nursing Education (CCNE).
Are you ready to take the lead in your career? Whether you're interested in some of the hottest industries of the near future or want to advance in another field, an online master's degree program may well be the way you'll realize your goals. Put yourself and your future at the forefront in 2016, and consider the pursuit of your master's.
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