Post # 1
Help me put things into perspective, will a higher degree help raise my salary? Please include what you do, and salary, and what degree you have.
Feel free to put a range if you do not feel comfortable sharing exact numbers.
Also, I’d like to know if you think your higher degree is worth it!
EDIT: Please also provide your years of experience in your particular field prior to getting a higher degree.
Post # 3
You might get more responses with a poll for the dollars. Not everyone wants to type their salaries out.
I don’t think it was worth it for me. I work in project management. I got a MBA. I’m making the same I would have otherwise but it depends on what you want a degree in.
Post # 4
@weddingbee098: A higher degree will not necessarily raise your salary. Most likely it won’t raise it significantly in the short term, but potentially will in the long term. It depends on your field.
Post # 6
I have an MA, but I am not working in my field, so it doesn’t matter.
However, when I get promoted (in the next few months!), I will be making more money than the base for that position because of the MA.
Post # 7
I don’t have one, but DH does. His salary is only 4k higher than mine (although he gets a larger bonus…). It hasn’t seemed to be worth it yet, but he enjoys learning, so I Guess it wasn’t a waste. His family also pays for all of his school.
Post # 8
I have an MBA. It was required for me to become a senior manager. Well worth it!
Post # 9
I am interested in hearing the responses. I have been debating this in my own life.
Post # 10
For my field a CPA would be much more beneficial that a MA. But at this point, I don’t think either are worth the time and money
Post # 11
I have a PhD in biological sciences and I’m unemployed, but I have a second interview this week for a job that’s paying $65K. If I didn’t have a PhD (or master’s), I’d probably be looking at $35K.
Post # 12
A higher degree didn’t give me a big salary, but was necessary for my field (I’m an archivist at a major library). No masters, no job – for me anyway! Everyone working here has their masters, either in library science or archival management.
Post # 13
I doubt it. I have a law degree, but my husband makes a lot more than me with a bachelors in art.
Post # 14
- Wedding: October 2011 - Bed & Breakfast
I think answers may be very career-field specific. I have a BA and make 6 figures. I have staff with masters degrees and JDs working under (and making less than) me. For my particular career field, it’s about getting the bachelors to open the door and then getting lots of experience and being good at the job to move up.
But the original field I wanted to work in required at least a masters, and preferably a PhD, just to get an entry level position. I didn’t have the luxury of that amount of time to dedicate to schooling, so I switched paths to something where I could start working faster.
Post # 15
- Wedding: August 2013 - Rocky Mountains USA
In my field (wildlife biology), you basically can’t get a permanent position without a master’s degree. So yes, very worth it.
I make $50,000-$55,000 gross depending on bonuses and overtime. Not a ton, but the cost of living here is relatively low and we don’t have state income tax, and I really enjoy my job.
ETA: Also, in the sciences you usually get paid through grants and teaching to go to grad school, so the debt issue is negligible. Of course, it makes it that much more competitive to get in to a program in the first place.
Post # 16
No, not usually worth it (in general). If you’re just starting out in the workforce, experience goes a lot farther than higher degrees. You do need the required degree, but a higher one isn’t necessarily better. Often times experience is much better to have than an extra (not required) degree. But this really depends on what field you’re in. This is just a generalization.