Master's degree holders earn 70 percent more than those with bachelor's degree, and it seems to be replacing the bachelor's degree as the required educational level for many employers.
That's the synopsis of Don Martin's speech to the Golden Key International Honor Society on Friday.
"It seems a little bit galling, but it's absolutely worth every penny that you invested. Yes, there is a return on graduate study," Martin said.
Martin, the author of "Road Map for Graduate Study: A Guide for Prospective Graduate Students," gave his presentation in the Ball State Museum of Art.
The speaker posed the question, "Have you prepared well to be the prospective graduate student yet?"
The purpose of the presentation was for students to learn how to apply for graduate studies.
Topics such as preparing for the graduate study, financing a graduate degree and getting positively noticed as an applicant were discussed.
To uncover the myths about the application of graduate school, Martin discussed three points students need to consider.
"If you have a dip in your GPA, you may want to explain it. That is the key," he said. "You can explain and you can address it. The admission is not looking for the perfect [student]. They just want to know what happened."
Martin also unveiled other myths such as whether graduate school is too expensive or whether a student's grade-point average is too low.
"My GPA is nothing to look at, but I was given an opportunity and I did just fine," Martin said.
He also listed the seven ways to get positively noticed as an applicant, which includes sending a cover letter through postal mail rather than e-mail.
For financing a graduate study, Martin recommended students do "broad research of graduate programs as much as you can before your application."
Toward the end of the presentation, Martin gave the audience time to ask questions where he emphasized that "persistence and determination" are the only two qualities that really guarantee success in life.
Jack Meyer contributed to this story.
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