It depends on your field. For example I'm studying Chemical Engineering and it's a big advantage to have a Masters, this may not be the same for you, you should ask your establishment and find out more information.
There's only 2 races: White and 'Political Agenda'
2 Genders: Male and 'Political Agenda'
2 Hairstyles for female characters: Long and 'Political Agenda'
2 Sexualities: Straight and 'Political Agenda'