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Usually won’t affect base pay at least in my area as it is set by union contract. My agency does a college incentive pay where you get an extra 2% for a bachelor or higher
The difference between a bachelors and masters could equate to 10-15% increase in negotiating ability . Food for thought
Agreed … those positions are usually set as you may get raises annually for step increases and cost of living for your contract raise … typically not like a private sector job with negotiation room. Good luck