It all depends what you want to do.
Teach? If so Where? Highschool, college?
If you want to teach in college you will need the Ph.d to make sure you are employable.
If the highschool level a masters will keep you employed in the cut bak years and will be worth more to you in the long run salary wise.
If you are not going to teach, a masters or phd in english will not help much in the corp. world. But never hurt, many book editors have masters and such.
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Dudemac
Author
Somewhere
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