second masters degree worth the money?
second masters degree worth the money?
(OP)
Hi all,
I just finished my MS in Aero Astro at Stanford, and was recently accepted to study for a second masters degree in the EE department at USC.
The original point of getting the 2nd masters degree was to become really specialized in modern control theory, and then go off to be a professional engineer.
However, now I am having second thoughts!
The 2nd masters will cost me around $30,000 over the course of the next 2 years and I am not sure it will be worth it financially.
Will companies (big aerospace companies in particular) generally pay a higher salary for a person with 2 masters degrees as opposed to one? It would be a LOT cheaper to just audit the controls classes I'm looking to take, so if getting a second degree isn't going to pay off, I'd just as soon take the classes for no-credit and save the $30,000 in tuition.
Thoughts? Thanks!
I just finished my MS in Aero Astro at Stanford, and was recently accepted to study for a second masters degree in the EE department at USC.
The original point of getting the 2nd masters degree was to become really specialized in modern control theory, and then go off to be a professional engineer.
However, now I am having second thoughts!
The 2nd masters will cost me around $30,000 over the course of the next 2 years and I am not sure it will be worth it financially.
Will companies (big aerospace companies in particular) generally pay a higher salary for a person with 2 masters degrees as opposed to one? It would be a LOT cheaper to just audit the controls classes I'm looking to take, so if getting a second degree isn't going to pay off, I'd just as soon take the classes for no-credit and save the $30,000 in tuition.
Thoughts? Thanks!





RE: second masters degree worth the money?
Steven van Els
SAvanEls@cq-link.sr
RE: second masters degree worth the money?
Try this: do a websearch to find jobs requiring two master's degrees or the combination of skills that you think you would have if you GOT two master's degrees. I'd like to know what you find out. Probably ZERO.
You may get introduced to the term "overqualified".
You'll be sucessful if you can adapt to the reality of the workplace and commercial world:
(1) DO what you PROMISE to do
(2) do the MUNDANE engineering tasks better than the Joe Schmucks out there who are successful through plain blind luck and get repeat business
(3) except in very narrow, highly technical niches that represent some minor percentage of total engineering work out there, the world is dominated by a bunch of Joe Schmucks.
Go get some experience, find out what it is that you REALLY don't know, make some money, and live life.
TygerDawg
RE: second masters degree worth the money?
Nowadays I do not consider a masters degree anymore (maybe if I have too much spare time), still at the same company, moved horizontally and at last vertically. And still enjoy what I am doing. The pay could be better, learned a lot from others, technical stuff, line management from peers, bosses and a lot from the grunt workers.
Don't expect the red carpet when you enter in the company with no experience. They threw me right into the lions cage.
3 years ago I met with a younger engineer recently graduated + masters, ranting about a job he didn't get. It was service manager for a welknown heavy equipment dealer. His opinion: he was the perfect candidate, knew everything about forecasting, abc analysis etc.
I shook my head and he went for a second masters degree.
Met him again 2 months ago, ranting again, is working and is still no CEO. A guy like this definitely will not enter my team.
From fellow engineers I heard that maintenance is routine and boring...
Steven van Els
SAvanEls@cq-link.sr
RE: second masters degree worth the money?
If you're still interested in pursuing a second MS later, you might get the company to pay for it.
You need to get experience before you can get the PE, the long you put that off, the longer it will be before you get there. Take the PE exam as soon as possible, while your course material is stil relatively fresh in your mind.
TTFN
RE: second masters degree worth the money?
Thanks for your replies! Let me clarify my question a bit, since maybe I didn't phrase it as I should have.
I'm looking to go into the field of optimal/modern control. In the degree program I just got out of, I was able to take a few classes in this area, but wasn't able to do enough coursework in this area to become a real specialist at it.
The bottom line is that to be successful in this field, I'm going to need to take some more classes. I really doubt that very much of today's hot info systems theory can be picked up on the job. I'm 100% sure that I'm going to need to take more classes, and so all I'm wondering is whether I should pay the money to get the actual degree.
From what you guys have said, I guess the answer is NO :) I am leaning towards getting a job, and then paying a couple hundred bucks here or there to audit these classes (watch the lectures online, but take them for no-credit and skip paying $3000 a class in tuition).
Does this sound like a better plan?
Thanks!
RE: second masters degree worth the money?
TTFN
RE: second masters degree worth the money?
I think you're onto something... tuition assistance might be the optimal solution (bad pun). I think that if I took the classes but didn't do it for credit, part of me would feel cheated for not having anything tangible to show for all of my efforts. On the other hand, if I personally shelled out the $30K to take the classes for-credit, I would feel that I was wasting money.
And thanks for the tip on the PE exam. I looked into that, and they actually have an exam that's specifically on control, which is great. I actually didn't know anything about PE licensure before I posted this question... in my original post I was just using the term "professional engineer" casually. I will definitely look into taking the exam as you suggested.
Best
RE: second masters degree worth the money?
You can also develop expertise in new areas by taking continuing education courses from the various engineering societies. Thats what I am currently doing in my particular area of interest. It tends to be more flexible that a formal masters program. Some areas of study are also not available within traditional masters program settings. You may wish to investigate further for your area of specialty.
RE: second masters degree worth the money?
Don't think that after you start working, you are out of school! Only the training is more result oriented, to make profit for the company.
Steven van Els
SAvanEls@cq-link.sr
RE: second masters degree worth the money?
That is encouraging to know about the vendor based training. Yeah, in grad school they tend to teach you how to do things from scratch on the lowest levels, but I am excited to see how they do things in industry. For instance, why write your own simulator if there are commercial tools that can do the trick? Good thought.
RE: second masters degree worth the money?
Good tip! I was just browsing around and found a bunch of classes through ASME. That sounds like a good way to go.
RE: second masters degree worth the money?
RE: second masters degree worth the money?
Yeah, the MSCSE at OSU looks like a very focused program. This is exactly what I'm after. Gracias.
RE: second masters degree worth the money?
There's a wealth of real-world phenomena that are not necessarily reflected in course-work, but someone who can blend the theoretical with the practical has true worth.
TTFN
RE: second masters degree worth the money?
OSU is a good school, and I have recieve two certifications using the online/virtual format. I highly recommend the school. I've never delved into a degree program online, but I'm sure it is similar.
Several of the OSU professors profess based upon "school of hard knocks" experience, so that is an added benefit to the school.
That said, IRStuff's recommendation to get concurrent job experience is a wise one. Nothing like the real thing to learn from.
RE: second masters degree worth the money?
Take a look at the "continuing ed" type classes and see if they really do for you what you think the university classes would do. I've been to a lot of CEU-carrying programs that are pretty superficial, and since many of them don't include an exam, there's no way to force you to grasp the material (or for you to find out whether you really got it).
I have two master's degrees (one engineering, one not) that I got because I just felt I needed to know more. I have no regrets. Was it financially worthwhile? Nope. Was it worthwhile for quality of life? Hell yes. Have I re-encountered everything I learned in the engineering MS program out here in the "school of hard knocks"? No--there are some things that I would never have known, but that have been useful to me.
In some class I took many years ago (must have been microeconomics), they covered the true cost of getting a bachelor's, master's, and PhD. You have to add the cost of the school expenses to your lost wages while you were a student, but then you can offset it with the increased income you get for having the additional education. I'm remembering very badly, but it was something like 4-5 years to make up the cost of the bachelor's degree, 15 (!) to make up the master's, and one never does make up the financial cost of getting a PhD. It all comes down to what it is you get to do with your life with that additional education, and how much it's worth to you to be able to do that.
Hg
RE: second masters degree worth the money?
As you may have heard, the pres picked the new NASA Administrator today, and this guy has FIVE masters degrees in addition to his PhD in Aero: physics, electrical engineering, aerospace engineering, civil engineering and business administration. That's just crazy.
RE: second masters degree worth the money?
(Don't know the guy)
Steven van Els
SAvanEls@cq-link.sr
RE: second masters degree worth the money?
http://ac
Personally, I don't think that NASA administrator is an ideal post. You have to take all the heat when things go wrong, and you also don't have much political pull with Congress in comparison to the various NASA centers. This can make it pretty hard to maintain funding for the programs you want to keep. I guess we'll just have to wait and see how Griffin does.
RE: second masters degree worth the money?
I am just finishing my MSECE this June and specialized in controls. Aerospace is definitely a field where you want some knowledge of modern control theory, especially optimal and robust control, but if you can make it through one MS you should be able to learn controls on your own from textbooks. Courses that I took were long on theory, heavy on simulation, and short of practicality. Any textbook can give you that.
If I were you, I'd get out there in the working world and try to learn the controls material on your own. There are a lot of resources out there, including course websites with lecture notes, homework and solutions, exams, etc. Don't forget to get a computer program that can simulate systems and their responses. MATLAB (with Simulink and associated toolboxes) is probably the most widely used from what I can tell, and it isn't free, but I believe Octave is free (a numerical analysis program very similar to MATLAB - even syntactically) and you can configure it to run on Windows. There are several others available for free download, including Ch Professional and Scilab.
By the way, the PE in control systems seems to be geared toward engineers in the process control industries. If you look at the requirements, there is nothing on any modern control theory, but lots on valves, which tend to be the dominant final control element in the process industries. I really don't know of any of the PE exams that would require modern control knowledge, but it'll sure come in handy when trying to control something with fly-by-wire technology and requiring state estimation.
Good luck.
xnuke
"Do you think you used enough dynamite there, Butch?"
Please see FAQ731-376 for tips on how to make the best use of Eng-Tips.
RE: second masters degree worth the money?
What do you think happens with us professionals out there?
I you screw up at school, you have the luxury to do classes over again, If you screw up at work you might lose your job, go to jail, lose your license etc...
Steven van Els
SAvanEls@cq-link.sr