Salary Watch: What's Your Next Degree Worth?
Are you ready to earn more with a career that rises above the daily grind? Taking the next step in your career may require furthering your education with an associate's, bachelor's, master's, or doctorate degree.
Even if you already have a degree or a high school diploma, the cost and commitment of going back to school should pay for itself in a short time. Returning to school to complete an associate's, bachelor's, master's, or doctorate degree gives you a chance to improve your skills, stay current, or change directions in your career.
Learn More and Earn More with a College Degree
You may already know the earning power of an education. According to a recent report by the Bureau of Labor Statistics, workers over 25 with a high school diploma or GED earn about $8,900 more every year than those without. If you continue your education, your salary potential only increases:
- Associate's degree holders earn $5,600 more than high school graduates
- Bachelor's degree holders earn $15,400 more than associate's degree holders
- Master's degree holders earn $12,800 more than those with bachelor's degrees
All told, completing a master's degree program can lead to earnings of $33,800 more, on average, than a high school graduate. Essentially, an education may help you double your salary every year you work.
Study While You Earn a Full-Time Salary
Are you worried about missing your paycheck while you study to improve your salary? Schools are making it easier for students to study while working full-time. Here are just a few ways to fit an education with your working life:
1. Online programs. Log in at midnight or in the morning before the kids are up. Online coursework can give you the ability to study when you're ready.
2. Flexible scheduling. Because your schedule may change day-to-day, schools offer degree programs that may let you choose your own hours.
3. Tuition Assistance. Many companies offer financial assistance to workers hoping to further their education. Talk to your employer about educational assistance plans at work.
4. Stay current. Students who work while they study often find the benefits of an education paying off at work before they even graduate.
Find the Right Degree Program
An education can help you define your career and salary goals as it enriches the future of your career. Learn more about individual degree programs and courses before committing your time and energy to an education.