So you're thinking of taking the plunge and pursuing a master's degree. But do you worry if it's really the right decision for you?

Master's degrees are a great way to get ahead in your career, develop new skills, and boost your earning potential. But the choice to further your education shouldn't be taken lightly. It's a significant financial and time commitment, so ensure you're ready before taking on such a big commitment.

Here are two questions you should ask yourself if you're wondering if now is the time to go back to school.

What Kind of Program Do You Need? 

If you have an idea of what career path you want to take, it might be helpful to research which type of degree best fits your needs. For example, if you want to work in finance, an MBA might be more beneficial than an MA in education.

An MBA (Master of Business Administration) focuses on business-related topics and is often highly valued by employers. An MA (Master of Arts) is more focused on humanities, social sciences, and teaching - which might be far more valuable if you're looking to work in a school system.

You also need to consider whether or not your desired profession requires any special certifications or credentials that can only be earned through specific programs. Some degree programs offer internships, hands-on learning opportunities, or access to special resources that may be necessary for certain careers. Taking the time to do your homework can help you find the best program to propel your career.

How Much Time Do You Have?

Master's degrees require dedication and long hours of studying and coursework. If you already have a full-time job or family obligations, you need to carefully consider whether or not now is the right time for you to pursue a master's degree. Otherwise, burnout could become a serious issue.

You also need to think about how much free time (if any) you have available each day or week so that you can realistically budget out study and class hours without sacrificing your health or personal life. Some programs can be quite flexible with scheduling and offer night classes, online courses, or part-time studies. This might be a better option if you don't have the ability to commit full-time.

Earning a Master's Degree can be incredibly rewarding, especially if you're able to manage the workload and target your studies toward a career that interests you. Make sure to consider all of your options carefully and ask yourself these three questions before you decide to pursue a master's degree.