Twilightprincess wrote:
It depends on the career and degree(s). Getting multiple master's degrees is generally not advisable because of the cost. In certain fields, just one master's may not be worth the cost.
In the field of chemistry, people with Bachelor’s degrees have an easier time finding employment in industry than someone with a higher degree just starting out. The reason for this is due to the amount of salary that an employer would have to pay out over time. As one gains years of experience, it can count as a higher degree when calculating salary.
Unfortunately that also means that one can become top heavy with salary and be let go if the company starts having financial issues. I have known some that had this done to them. They lived quite well when everything was fine with the company they worked for. Now they struggle to make ends meet because they are having a hard time being hired for the same type of jobs they used to do.
One way to prevent this from happening is to become invaluable to the company. If the company needs you for it to survive, it will tend to want to keep you there as long as it can.