Would you have a more advantageous life career wise & socioeconomically if you have obtained
a Master's or a Doctorate Degree? Why? Why not?
I think it depends on whether or not there is (a demand) for the particular discipline of that degree major, the school they graduated from, the status of the economy, the location of the perspective employee or their willingness to relocate or not, their (personality), and their networking contacts within the industry. It's always the (intangibles) that cause managers to hire and promote people.
If he/she doesn't "like the candidate" none of their educational accomplishments matter. People still interview and hire (people).
Chemistry and likability are not to be underestimated!
In addition they'd have to have leadership traits, show initiative and ambition. Simply having the degree alone is not enough to take anyone to the top. Some folks also subscribe to the belief that one has to change jobs every 3-5 years to move up in salary and title promotion. If you stay in one place too long it's harder for them to see you in a different role. However most employees prefer stability.
The answer truly depends on the field and the pay within the field for each educational level. There are some fields where a Master's is the limit and many others where the Doctorate Degree is the finish line as far as degrees. On top of this, there are some fields where a person with a Master's will have a better financial life and career than those in other fields with Doctorate's Degrees.
It truly is heavily important that each individual takes the time and effort to learn all they can about the educational requirements, pay, and job duties before deciding on a career, preferably prior to choosing a major. Many people do not do this and suffer career wise and financially.
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