Masters Degree?: How much did your salary go up?

[Winchester]

How much did your salary go up if you stayed with the same company when you got a Masters Degree or even a Bachelors Degree?


Please state amount of increase and industry (private, government, IT, retail)


I DO NOT care about when you get hired . I care about after you get hired, then go to school, then graduate, then you get a salary raise due to you graduating.

 

[Ameesh]

In my experience in making offers to candidates, salary is dependent on experience not on education level. for example a guy whos is graduating with a Bachelors degree inCS degree and has 3-5 internships under his belt will command a better salary then a guy who has no internships but has a masters in computer science. In fact we get PHDs coming through all the time and in general they get hired on at same level a normal college grad would.

 

[BlueFlamme]

Nothing. I was qualified for the next grade level but since I was getting promoted to that in 6 months it was no big deal. Of course that is how the federal gov't always works, maybe under NSPS they can actually reward us for becoming more skilled at something.

 

[Winchester]

This is for people who go to school while working for a company to better themselvses etc.

 

[Gunslinger08]

Atleast at my company, I'd much rather have certifications than another degree. They will result in more pay increase because they actually mean you know something worthwhile.

 

[beer]

Originally posted by: joshsquall
Atleast at my company, I'd much rather have certifications than another degree. They will result in more pay increase because they actually mean you know something worthwhile.

Certs only matter in IT. Ameesh etc. are actual engineers, and there are no certs for real engineering.

 

[AgentEL]

degree >>> certs

 

[UTmtnbiker]

I'll find out in about 2 months, when I get my MBA. Currently working as an engineer and the boss has said promotions generally come after the advanced degree.

 

[notfred]

Originally posted by: beer

Originally posted by: joshsquall
Atleast at my company, I'd much rather have certifications than another degree. They will result in more pay increase because they actually mean you know something worthwhile.

Certs only matter in IT. Ameesh etc. are actual engineers, and there are no certs for real engineering.

This post just makes me think "owned".

 

[puffff]

Originally posted by: beer

Originally posted by: joshsquall
Atleast at my company, I'd much rather have certifications than another degree. They will result in more pay increase because they actually mean you know something worthwhile.

Certs only matter in IT. Ameesh etc. are actual engineers, and there are no certs for real engineering.

I don't even think certs matter for most of IT. IT is a broad field, only if you're doing systems administration or trying to be a network engineer would certs help.

 

[sohcrates]

i'm finishing up my masters and i do engineering type work for the gov but i dont get an automatic raise at all. many of my classmates are getting guaranteed raises if they get their masters. but again, as was said above, the government unfortunately does not recognize /reward the value of higher education.

on the other hand, they *are* paying 100% for my schooling, so frankly i am glad i am bettering myself i suppose...

 

[Gunslinger08]

Originally posted by: puffff

Originally posted by: beer

Originally posted by: joshsquall
Atleast at my company, I'd much rather have certifications than another degree. They will result in more pay increase because they actually mean you know something worthwhile.

Certs only matter in IT. Ameesh etc. are actual engineers, and there are no certs for real engineering.

I don't even think certs matter for most of IT. IT is a broad field, only if you're doing systems administration or trying to be a network engineer would certs help.

Developers need certs too. MS certs are pretty important to a lot of places.

 

[LS20]

private industry ... automatic grade raise for masters degree... which accompanies a pay increase. dont know how much--havent started my program yet.. too much travel gets in the way

 

[KillerCharlie]

In the aerospace/defense industry, it seems to be going the other way - that you won't automatically get paid more just because you have a masters.
Where I work they won't pay you more just for an MS and they very well shouldn't - who cares what a piece of paper says? If you have the MS and it shows in your work, then you will get promotions and raises.

 

[PrinceofWands]

Education field. Withough Masters 28-36k. With Masters 36-40k. Of course, you're required to obtain a Masters within 5 years, so the point is largely moot.

 

[PhoenixOrion]

Biopharmaceuticals/Biotech: on average Masters make more and PhD's make a LOT more upon hiring.

 

[radioouman]

I finished a masters degree in mechanical engineering. I stayed with the same company which paid for my degree, but did not give me a raise when I finished it.

 

[Armitage]

In my experience in aerospace, it will influence the type/level of entry level job you will be considered for - which would mean some pay differential as well, but I couldn't put a number against it. Beyond entry-level, it's just another two years worth of experience. There's also some difference between thesis masters and classwork only masters. If you're going into a small R&D shop, I think a thesis program is favored as they like the evidence that you can effectively do independent research and significant technical writing.

That's been my experience - but then I've worked mostly in smaller R&Dish companies with a high proportion of advanced degrees (70% to 80% of the technical staff).

 

[coomar]

Originally posted by: PhoenixOrion
Biopharmaceuticals/Biotech: on average Masters make more and PhD's make a LOT more upon hiring.

but your masters/ phd is a lot more lab work so that would make sense

 

[Circlenaut]

Originally posted by: coomar

Originally posted by: PhoenixOrion
Biopharmaceuticals/Biotech: on average Masters make more and PhD's make a LOT more upon hiring.

but your masters/ phd is a lot more lab work so that would make sense

Hmm, my chemistry teacher worked for a biotech company with a BS. Said that generally with a BS in biotech your limited to only mundane, cheap lab work. Only with PhDs do you start having "fun". Dunno about masters, he got his in eduation.

 

[Aznbruin]

I made the transition from tech to finance with my MBA. It is fairly unique to the finance industry, but I experienced a 100%+ pay increase.

I would preface that getting into to a top program (top 20 or higher) is important to justify the cost and time of education. (Considering that money is your barometer)

 

[SampSon]

My gf's sister has a masters in biology/entomology and is currently in the process of obtaining her PhD.
She is still making less money than most entry level tech support monkeys.

 

[Winchester]

I DO NOT care about when you get hired . I care about after you get hired, then go to school, then graduate, then you get a salary raise due to you graduating.

 

[BlueFlamme]

I have one friend working for Lockheed Martin who got a $5k raise when he finished his masters in engineering. He was underpaid to begin with tho and that raise still did not get him up to market value imo (he swapped companies and got another $12k and within 18 months Lockheed had bought that company out and he still has that higher pay now :thumbsup:

 

[A5]

Originally posted by: BlueFlamme
I have one friend working for Lockheed Martin who got a $5k raise when he finished his masters in engineering. He was underpaid to begin with tho and that raise still did not get him up to market value imo (he swapped companies and got another $12k and within 18 months Lockheed had bought that company out and he still has that higher pay now :thumbsup:

Lockheed = pwned