Still immersed in a long recovery process after the crisis caused by the pandemic, the labor market faces the next final months between signs that invite moderate optimism. Job offers, which grew by 44.7% in 2021 compared to the previous year, maintained the upward trend in the first months of 2022, although it remains to be seen how the high levels of inflation affect business and commercial activity (which has not exceeded 6% since 1992) and the sharp rise in prices of raw materials, fuel, gas or electricity, which means that only 29.53% of companies, according to the XXV edition of the Infoempleo Report Adecco, consider hiring in the remainder of the year. In this context, halfway between uncertainty and future expectations, taking a master’s degree or postgraduate course is more relevant than ever.
In such a fluid and complex job market, being able to stand out from the rest of potential candidates is more important than ever: the accelerated digitization of recent years has been joined by the growing importance of soft skills and the changing priorities of a population that , when looking for a job, they no longer look only at salary (two out of three workers think they do not receive enough remuneration), but also at other factors such as conciliation, emotional health or a good work environment. A phenomenon that began in the United States in 2021 and is known by the name of the Great Renunciation and that, in Spain alone, has pushed more than 30,000 people to leave their jobs so far this year. According to the Adecco report, six out of 10 workers are willing to do the same if their expectations are not met.
Why do a master’s degree?
It used to be said that the main reason for taking a university master’s degree was to be able to stand out from the rest when it came to entering the labor market or applying for a better job. Although this has ceased to be valid, the truth is that today it is worth asking if it is not the other way around: perhaps those who stand out (and for worse) are precisely those who do not take it, placing them at a disadvantage. But there are many more reasons:
They allow delving into an area of interest already studied during the degree (or complementary) and increase the employability of candidates. Achieve greater professional recognition and better salary payments. Access internships in companies and job banks. Possibility of increasing the network of contacts (through teachers, students and other professionals) that can be useful in the development of our professional career (networking).Access to certain professions such as law, secondary education or general health psychology, through master’s degrees qualifying, or doctoral studies.
Now, should employability be what guides our choice, or should vocation weigh more? As happens when choosing a degree, we must take both into account, as Concepción García, vice-rector for Employability and Entrepreneurship at the Complutense University of Madrid, explained to this medium: “I think that both must be compensated, although for me the latter is more important. You have to think that, in the future, they will spend a lot of time at work, that it will be part of their life and their personal and professional development. They have to think of something that they like and motivates them.”
How to choose the one that suits me best?
Once you have decided to take a master’s degree, the question is how to choose the one that best suits your needs. The first and fundamental thing is to be clear about the objectives to be achieved and the time available; and then if we want to do it in person, hybrid or online, since the quality of the training that we are going to receive depends more on the institution and the faculty than on the format itself. “Hybrid formats, for example, offer the possibility of extracting the best from face-to-face and remote learning, although they require greater effort (in synchronous temporary dedication) and physical travel to attend classes,” said Luis Vives, vice-dean of programs at Esade Business School, in an interview with EL PAÍS last March.
When choosing an educational center, it is advisable to look at factors such as the prestige of the institution, both in the business (if applicable) and academic spheres; the methodology used; the teaching staff; the flexibility of the master’s degree; the existence of services such as job boards or an alumni network and, of course, the cost of the training that we are going to receive.
The most popular master’s degrees
Like every year, the MBAs are among the postgraduate courses most in demand by students, but they are not the only ones. The digital transformation, for example, has meant that the demand for computer-related profiles continues to grow, which is why specializations within the sector have also grown; and the crisis caused by the pandemic also increased interest in health professions. This is a selection of the most sought-after formations on the Emagister portal:
Business Administration: the different MBAs have a very high degree of employability, which means that nine out of 10 graduates have a guaranteed job after completing these studies. In the current context, those prestigious MBAs (online or hybrid) that foster soft skills and entrepreneurship and innovation capabilities will be more relevant. Informatics: profiles such as data architect, web developers, cybersecurity specialists, ethical hacking, computer engineering , artificial intelligence or Big Data. Health: specializations in nursing, nutrition, mental and emotional health, gerontology and psychology stand out, among many others. Education: the pandemic has made education once again at the center of the debate. Some of the most interesting fields for the continuous training of the educational community are those of prevention and intervention against bullying, special education, multiple intelligences, neuroeducation and psychopedagogy. In Communication and marketing, profiles related to new technologies take over the master’s degrees most sought after: digital and political communication, monetization and digital sales, marketing or corporate communication.Art, Design and Aesthetics: graphic and interior design, industrial design, video game development, visual arts and multimedia…Industry: renewable energies, environmental management and postgraduate courses in Pharmacy stand out among the most interesting areas.
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