Article - Graduate Degree Salary:

Author: Amber Smith

Getting a graduate degree will almost guarantee that you will receive a salary increase. Often, you will also get a promotion to a more stable, higher ranking position within your organization. There are a few things to consider, though, before you make the leap.

Consider the Timing

Timing is everything when you're trying to get your graduate degree. Is now really the best time to get a graduate degree? Do you have time in the midst of your busy schedule to really go after the degree as you should or will school always be coming second to something else?

A Free Degree

Often, people go back for a graduate degree almost solely because their company will pay for it. Many teachers work at underprivileged schools in order to get their degrees financed. They also get a pay raise, but the biggest incentive is the free degree that may open up new job opportunities. The disadvantage is that your current employer will want you to promise to stay for a certain amount of time or they won't pay for the degree. If you do leave the company early, you'll owe them the cost of at least part of your tuition and sometimes even a hefty interest payment. If you plan to leave soon, reconsider taking the free degree.

Get Some Real World Experience First

Many people go straight from undergraduate into graduate school. While this can be a good idea for some people, it's usually best to get some real world experience first so that you know what you want to get a degree in. Maybe you end up not liking your profession and need a career change. Getting a graduate degree will be a great way to make the transition.

Is the Increase Worth It?

Before signing up for a graduate degree, determine whether the salary increase will really be worth it. For teachers, the increase only means a $2,000 or so increase. If the time it takes to get the degree stresses you out too much, then perhaps the increase isn't worth it.

At the same time, if you are considering changing professions, you may be able to get an even larger increase once you have your graduate degree. In this case, consider paying for the degree yourself so that you can quickly start taking advantage of your higher salary to pay off your loans.

Before Applying to Graduate School

Before applying and paying for a graduate degree, consider the following:

Is the timing right?

Can you get a free degree?

Do you have applicable real world experience?

Is the salary increase worth all that work?

When you've answered all the questions, then you'll be ready to decide whether or not a graduate degree program is right for you.

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Review more industry related articles by Amber Smith at Amber Smith is a feature writer and often covers topics related to Campus Degree Programs and Career advice.


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