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Coach
How much is retail supervisor pay this days?
Does anyone know what the starting salary would be for a just promoted senior accountant in A&A at MNP in Alberta, Canada (specifically Red Deer)?
I have been told I will receive an offer shortly and want to have some idea of what is a fair offer is, as my options are either take it or wait for internal promotion at my current company which should have occurred already. I have written CFE and passed it but still getting my hours for the designation. MNP
Disagree with the above comment. No one will give you more money simply for getting a masters degree unless it’s a government institution that has it in writing in their public salary guidelines. Generally it’s only worthwhile and an ok financial investment in very specific instances for specific degrees and careers, especially if you’re looking to change careers. You don’t mention any details so hard to say in your particular case if there’s a potential application.
It probably wouldn't yield a raise in your current job. It may improve your chances at getting a new job that may pay more.
Mentor
It doesn’t work like a promotion — it only helps if the new role requires a masters and actually pays more. Neither is necessarily likely. Companies hire and pay based on their needs, not your decision to get a masters.
I have dual masters degree and it didn’t help in anyway to bump up salary! Only skills you learn and then get hands on experience will help you. My honest suggestion based on my experience, Don’t waste money on Masters program by spending thousands of dollars unless you have passion to pursue research! My friends who didn’t do masters earn a lot more and in better position while they gained experience and me spent time/money on my masters.
Skills and experience will get you higher salary is what I think but may vary from others perspective. Do your research and see what’s best suitable for you. All the best 😊
Subject Expert
Really the only way it gets you “more money” is if the specific job you apply requires a masters degree as a minimum for application. Meaning it could open more doors for you to apply to more jobs (which may be higher paying).
You might be able to use it as leverage and get a single digit percentage bump during your next merit increase...but in general a masters degree will not simply earn you a hirer salary.
What you learn during the masters program may give you the skills necessary to start interviewing for a new role with a hirer salary, but that's about it.
True. Staying with the same company after geeting a degree won’t get you far. Moving on is the right step.
Having your master's will almost guarantee you a higher salary kind of out of the gate. That doesn't mean the salary would have been otherwise unattainable to you however, so I would base your decision on more than that.
If the job doesn’t require a masters, it doesn’t guarantee anything unfortunately. Their budget for the role doesn’t change based on the fact that you chose to spend money on an additional degree that’s not required for the role.
It depends on what your masters is and if your bachelors wasn’t as focused on data analysis. I’ve also found that a lot of more traditional mentality tends to appreciate it when hiring but don’t acknowledge it much in terms of experience.
If you give up working for master , no. If you can do master with working , yes.
It depends on the role. But usually it doesn't help much. Atleast that has been my experience.