Is getting a masters degree really worth the extra effort? typically what is the salary of someone with one?

Answer 1

Need more input. In some fields a master's degree can result in huge salary jumps...in others the impact on salary can be much smaller. In some fields, a master's degree is required to be promoted beyond a certain level, in others the difference in promotability between undergrad and master's level work is minimal.

In almost any field, having a master's degree opens one career door that is generally shut to anyone without one...college-level teaching. While most universities hire people with a Ph.D. for faculty positions, many also hire people with master's degrees as instructors for lower level courses...and a master's degree is sufficient for many two and four-year institutions! You may not want to teach now, but the door would be open to pursue teaching as a second career or part-time career after retirement (I see this a lot).

A friend of mine was a high school teacher in Colorado. Because she had a master's degree her annual salary was about $8 to $10K higher than teachers with only a bachelor's degree and don't forget to compound this difference across a career (i.e., 3% raises on even an extra $5,000 per year can add up to a huge amount over the life of your career). She was also eligible for higher paying administrative positions that required a master's degree or higher.

Answer 2

Why are people automatically calling master's degrees MBAs? MBA is one kind of master's degree that stands for Master's in Business Administration. There are master's degrees for countless other areas.

It depends on the field. Some jobs require at least a master's degree (i.e. psychotherapy). Some jobs require a Ph.D. (i.e. cutting-edge scientist, professor, researcher). Some jobs you can get with a bachelor's but pay increases anywhere from 5% to 50% with higher education. More information is needed.

Answer 3

Masters Degrees are nice to have. I know people who don't have degrees at all and earn good money. You should think more about what is going to make you happy versus what is going to net you the best pay. Life is going to suck if you are working 40 hours a week in a job which you are miserable in rather than working 60 hours a week in a job which gives you gratification and makes you feel as though there is a purpose to your life. Firefighters don't get paid squat, but I bet every Firefighter out there would tell you that their worst day is better than any best day a sales Manager at a big firm has.

Answer 4

It depends on the field and location. For instance, in Chicago, average BA salary is $66,000 MA $70,000
and PhD $90,000.

If you're in an entrepreneurial field such as sales or stockbroker, the advanced degree won't matter unless you're up for a management job.

If it's an MBA program you're considering, go to the best program you can get admitted to.

Answer 5

An example in the field of education: in our school, a teacher with a BA/BS and two years experience earns $50,000. If that teacher earns a MA/MS/MEd over two years, he/she will then earn $58,500. By the time that teacher has ten years experience, the gap will have increased: over $82,000 for the master's pay vs. about $59,000 for the bachelor's pay. DEFINITELY worth the effort and it gives the recipient highly qualified status needed for certificate renewal.

Answer 6

The salary/remuneration for a particular job is the market value for a particular profession and designation at the city/town where the office is located. Job postings at websites like Monster, Yahoo HotJobs and Careerbuilder carry information about salaries. The Govt Dept of Labor, (www.bls.gov) Bureau of statistics has information about median salaries for different professions and details of additional compensation offered. Other online resources are salary.com and payscale. Your salary will also depend on your educational qualification and how you handle your career. More details and links to relevant websites available at http://7ys.info/

Answer 7

I believe that the average salary increase is between 5000 and 8000 a year. It really depends on what field you are going into.

Hope this helps! :-)

Answer 8

depends on you. SOme people love to learn grow, change. some just do it for the career advancement. salary i suppose would be dependant on what your background is and what the masters degree is in.
good luck to you.

Answer 9

That depends entirely on the field. Most big companies now don't look at a BA or BS when hiring ... they look for a MBA. That's exactly why I got one, and I'm glad I did.