I think employers are probably shooting themselves in the foot if somehow they feel the need to hire M.A. grads over B.A.s. You're really going to limit yourself to the amount of ppl who qualify, especially those who probably have more work exp, and are just as, if not more capable.
Lot of the specialized M.A. jobs are something I feel pretty skeptical about as well. There are M.A. degrees for such things like 'creative writing'. How is that going to make the person more marketable for the job market? Do you really need an MA for that? Very specialized admin degrees are also something I can't find compelling. Are these just fads, or how likely is that job going to be off-shored in the near future? Anything admin can probably be moved to India. It's just risky to invest in an education like that.
Personally I would just stick to tried and tested degrees that will probably be around for some time to come, some line of work you can reasonably enjoy, have job security, and make a decent living. I'm working on my second year in my M.A. program for psychology. After that I'll shoot for a phd in psychology, or md in psychiatry. It's what I see myself enjoying and not something that can be realistically offshored.
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