The Value of a Master's in a Good Economy

The economy is recovering and unemployment rates are decreasing, so why should I enroll in a graduate degree or certificate? As we begin to develop our careers, we set goals for our advancement. Many of us find we need a skill set and understanding of organizations and their life cycles found through the completion of an advanced degree - such as a Professional MBA program, or a master's that specializes in a particular area (marketinghuman resourcescommunication,project management) or industry (non-profitelder care education).

  • According to Burning Glass Technologies, more than 20% of open positions in the U.S. economy prefer or require graduate-level education - with approximately 11% of the population in possession of masters degrees.
  • The U.S. Census Bureau reported that over the course of a lifetime, a person with a master's degree typically earns $400,000 more than someone who only holds a bachelor's degree.
  • The U.S. Department of Labor reports a 3.4% unemployment rate in 2013 for individuals holding a master's degree compared to 6.1% for all workers.
  • A 2012 analysis by the Federal Reserve found that nearly all of the wage premium growth attributed to college education over the last decade was due to advanced degrees.

"Masters degrees are the currency of most industries right now and necessary for anyone to advance their careers and achieve their professional goals. Stay ahead of your competition – an advanced degree could be the deciding factor that leads to the career you aspire to, a raise or promotion," says Joan Dolamore, Dean of Graduate and Professional Studies at Lasell College.

Burning Glass Technologies. (2013). Labor Insight [Database]. Retrieved from

Interview with Dr. Dwayne Thomas, Chair of Sport Management

Dwayne ThomasWhat is the current state of the sport industry?

  • The sport industry needs professionals prepared to handle the growing demands of an industry that has grown to be the 6th fastest industry in the world.

Why should someone consider earning a master's in sport management?

  • Lasell's Master of Science in Sport Management program offers cutting edge preparation for sustainable and exciting careers in the Sport Industry.

What distinguishes Lasell's program from others?

  • Our courses and connected learning activities prepare students to lead, manage, and administer to a variety of challenges in the sport industry:
    • managing a diverse and multitalented workforce, marketing, promoting, and managing sporting events
    • generating significant revenue
    • managing that revenue as well as multi-million and even billion dollar budgets
    • understanding the increasingly dynamics of operating on the global stage, to host and sustain regional, national, and international sporting events
    • building and sustaining partnerships with governments and governing agencies

Can you give a few examples of the course offerings?

  • You will gain relevant skills in courses such as International Sport Management, Managing Diversity in Sport Organizations, Research and Design in the Sport Industry, and Writing and Reporting Research in Sport.

Any parting thought or last comment?

  • It is professional preparation that sets programs and students apart from the rest. Students looking to take on new challenges and leadership roles in the Sport Industry will find everything that they need (here at Lasell) to respond and lead sport organizations to and through the most challenging situations in the Sport Industry.

Graduate Information Session
Wednesday, October 8 at 6 p.m.