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.
Article Source: http://www.articlesbase.com/college-and-university-articles/increase-your-salary-with-a-graduate-degree-84871.html
About
the Author:
Review more industry related articles by Amber Smith at CareersandEducation.com. Amber Smith
is a feature writer and often covers topics related to Campus Degree Programs and Career advice.