Second Degree Student Finance – If you’re considering a second bachelor’s degree, read our guide to learn about the benefits and potential challenges.
If you are considering a second bachelor’s degree, there are some disadvantages to consider, such as time and tuition fees. The potential benefits depend largely on your graduate plans and career goals.
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If a student is interested in pursuing a second bachelor’s degree, I encourage the student to speak with their major and/or supervisor to really understand the options available.
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I advise students to be aware of labor market statistics and to study the return on investment.
We’ll walk you through everything you need to consider when deciding whether to pursue a second bachelor’s degree.
A second bachelor’s degree can be a worthy investment if you’re looking to make a major career change.
The ROI of a second bachelor’s degree should be weighed against alternatives such as a certificate or master’s degree. If you’re looking to change careers and need to develop a wide range of skills, going back to school for a newly minted bachelor can be a good option.
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Another bachelor can also help you move forward in your current direction. For example, if you already have a business degree, getting a degree in marketing can help you learn new skills and advance your career.
Students should consider earning a second bachelor’s degree if they specialize in a field that is significantly different from their original degree, or if they wish to pursue a separate bachelor’s degree instead of a master’s degree.
Earning a second bachelor’s degree is a huge time and financial commitment, so it may not be for you.
Some people considering a career change may be better served by graduate school. For example, if you want to become a licensed social worker, you will eventually need to earn a master’s degree in social work (MSW), so it may be better to enroll directly in an MSW program.
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Earning a second bachelor’s degree has its advantages and disadvantages. It’s important to weigh the risks and potential benefits to determine if this is the right path for you.
A double major usually takes less time and money because you’ll be taking courses related to both majors at the same time. However, this creates a very complex workload.
If you don’t have a bachelor’s degree and are interested in two areas, consider a double major instead of two separate degrees.
However, if you already have a bachelor’s degree, you cannot add a second major to it. In this case, you must obtain a second bachelor’s degree if you have another major that you want to pursue.
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A master’s degree will increase your earning potential and advance your career more than earning a second bachelor’s degree.
According to the Bureau of Labor Statistics (BLS), the average salary of workers with a master’s degree is 16.3% higher than those with only a bachelor’s degree. A second bachelor’s degree will increase your earning potential, but it won’t be on par with a master’s degree unless you change industries.
A master’s degree must also be advanced in some fields. Check the education requirements for your major, as a master’s degree can help you reach your goals faster than a second bachelor’s degree.
Workers with a second bachelor’s degree earn more than those with only a bachelor’s degree, but it often depends on the degree.
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A 2016 study found that students with bachelor’s degrees in business and STEM — science, technology, engineering and math — earned more than those who graduated with just one degree. However, it decreased when students combined a liberal arts degree with a STEM or business degree.
The impact of a second bachelor’s degree depends on whether you have two degrees and the role you are applying for. For example, a dual degree in finance and hospitality may not help you land a job as a pilot, but it can boost your resume when you’re applying for a hotel manager position.
With accelerated bachelor’s programs, you can earn a second bachelor’s degree in less than one year and usually no more than two years. Accelerated programs usually waive general education courses or other requirements if you have a bachelor’s degree.
You can use Pell Grants for up to 12 semesters in total. This means that even if you received Pell Grants for all four years of your first bachelor’s degree, you should be eligible for an additional two years of your second degree.
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If you’re planning to go into a new industry, you can enroll in a second bachelor’s degree program to gain new skills. However, in some cases, earning a master’s degree or certificate may serve you better.
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See the schools that best match your interests and compare tuition, programs, acceptance rates, and other factors important to finding your college. For programs starting in 2025, we offer a number of specialized postgraduate courses, including our double degree, to give new students more opportunities for their desired majors and specializations. Check our website for the latest program information:
Access to the modern labor market depends on skills. Can you demonstrate to potential employers that you have the ability to do the job they are hiring for from day one? Combining two degrees to give you the skills you need for the job you want is a smart decision for business students looking for a competitive edge.
Two levels are the best skill builders. By combining any two Masters degrees, you can get an excellent qualification with 18 months of training for the role you want after leaving school.
We spoke with Nav Dutta, Americas Head of Career Development and Corporate Affairs at Nav Dutta, to learn how a dual degree can help students achieve their career goals and what the most popular dual degrees and career outcomes are. This is typical for graduates of the last two educational institutions.
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Before we go into detail about the different degrees available, let’s break down the main reasons for pursuing a dual degree:
A double degree means you get two postgraduate degrees in different subjects. After completing the first level, you will start the second level. Think of a dual degree as two independent degrees, each offering specialized knowledge in addition to the original work completed by the standard degree.
Two training programs take 18 months. The first degree lasts 12 months and includes core courses and electives. The second degree lasts 6 months and includes only basic courses.
A double degree is similar to a double major, or a major where you study two different areas of work, but with a double degree, you study the second major in more depth and complete it with two independent degrees.
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Professional students may use a general education degree such as an MBA or Master of Management (Master of International Business) and an elective course within these programs to determine a second professional degree. Those with a specific career in mind can use a dual degree combination to develop the skills needed for their target job after graduation.
If you’re aiming for graduate school in a specific location, you can get both degrees in one place. A double degree will give you more time there to expand your local network, gain experience and understand the local job market.
On the other hand, the double degree offers an unprecedented opportunity to study at multiple campuses through Global Campus Rotation to enhance your international experience. You can choose to complete your first degree major at one campus and another, and complete your second degree at a third. London, Boston, Dubai; San Francisco, Boston, London; Dubai, London, San Francisco – there are plenty of options to suit your interests and goals.
You can also take advantage of different campus options to focus your studies on a specific subject in a specific location. For example, using each location’s strengths in management and finance, you could do an MBA in Boston followed by an MSc in finance in London.
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It depends on the right choice of two-level combination