Master Degree = Raise?
Master Degree = Raise?
(OP)
Is it safe to say that a master degree (related to your work) will get you a raise? What is the typical raise % given after completeing your masters?
INTELLIGENT WORK FORUMS
FOR ENGINEERING PROFESSIONALS Come Join Us!Are you an
Engineering professional? Join Eng-Tips Forums!
*Eng-Tips's functionality depends on members receiving e-mail. By joining you are opting in to receive e-mail. Posting GuidelinesJobs |
|
RE: Master Degree = Raise?
David Simpson, PE
MuleShoe Engineering
"Belief" is the acceptance of an hypotheses in the absence of data.
"Prejudice" is having an opinion not supported by the preponderance of the data.
"Knowledge" is only found through the accumulation and analysis of data.
RE: Master Degree = Raise?
RE: Master Degree = Raise?
Maui
www.EngineeringMetallurgy.com
RE: Master Degree = Raise?
RE: Master Degree = Raise?
Leaving might be considered as burning a bridge by some of us.
As far as a raise, I know when I started I got more money (in those days $1.00 an hour) because I had a masters. But I'm not sure there was an increase for getting one while you were working. Getting a license got you a raise.
RE: Master Degree = Raise?
RE: Master Degree = Raise?
Wouldn't that depend on what the contract says?
What is Engineering anyway: FAQ1088-1484: In layman terms, what is "engineering"?
RE: Master Degree = Raise?
It sounds like you are in the early stages of your career. I have some advice for you, and please, please take it to heart as soon as you can:
In any position other than government, you are not paid for who you are, or what you know, or what certificates you have on your wall, or what color hat you wear. You are paid for the profitable results you produce. Pure and simple. Period. Many young engineers, having spent most of their time so far around academics, tend to come into the real world still thinking like teachers, meaning "more degrees = more pay." Not so. More results = more pay. If the extra degree allows you to produce more vaulable work then you can demand more for your time (from your current or potential future employers), but its not because you have a degree. It is because you produce more valuable work.
But don't think I am not recommending further education. Far from it! Many years ago I knew a guy whose company had just purchased a 3D cad system. They wanted him to get trained on it and would pay for the training, but they would not pay for his time in training. Because of that he refused to get trained. How short-sighted can you get? Being self-employed at the time, I would have junped at the chance for someone else to pay for training me on 3D cad. Any education (almost) enhances your future potential. But expecting any immediate benefit from it, such as a pay raise, is usually not very realistic.
You and your employer have a business relationship. No profit, no pay.
RE: Master Degree = Raise?
Maui
www.EngineeringMetallurgy.com
RE: Master Degree = Raise?
Don't burn your bridges here.
Mike McCann
MMC Engineering
http://mmcengineering.tripod.com
RE: Master Degree = Raise?
FWIW, my pay approximately doubled because of my master of science degree, but only because I was able to shift to a higher paying niche that valued the MS, writing skills, research background, etc.
RE: Master Degree = Raise?
That's not a truism either; for many jobs improving customer confidence may require some decent bonafides, like an advanced degree. Therefore, an advanced degree may make you a more prominent and valued employee, particularly if you are able to project that air of authority justified by your degree. It's not a mandatory thing, but I maxed out on my previous company's payscale with only a BS.
Conversely, of course, that advanced degree may stoke your internal diva and get you booted out quicker...
TTFN
FAQ731-376: Eng-Tips.com Forum Policies
RE: Master Degree = Raise?
RE: Master Degree = Raise?
And, it's not that an advanced degree makes you bulletproof, it's what you do with it. But, if you could do with it, you probably could have done mostly the same without it.
TTFN
FAQ731-376: Eng-Tips.com Forum Policies
RE: Master Degree = Raise?
http://www.nceng.com.au/
"Programming today is a race between software engineers striving to build bigger and better idiot-proof programs, and the Universe trying to produce bigger and better idiots. So far, the Universe is winning."
RE: Master Degree = Raise?
RE: Master Degree = Raise?
As usual, it's the dual street where you have to continue to show your increased value after the MS for the company to compensate. You can't become lax. And if you do provide all the work and no company reward, it may be time to re-evaluate your employment.
Regards,

Qshake
Eng-Tips Forums:Real Solutions for Real Problems Really Quick.
RE: Master Degree = Raise?
RE: Master Degree = Raise?
Did you sign a Contract or only sign a document that established your incoming pay. In the main, you can leave your current employer at will, just as your employer may terminate your employment. Slavery in the USA has been abolished. Your employer has provided the education benefit to attract new employees, keep valuable employees and enhance the output/value of its employees.
RE: Master Degree = Raise?
The fact that the company is paying for your Masters in itself is a BIG bonus. I say take the opportunity; what you learn will stay with you and even if you do not get extra money you still gain. I think it would be a bit over that after the company is paying for your education you expect them to pay you extra. They can opt not to pay for your education and not to pay you extra. How is that as an alternative?
In my experience what you learn will always come in handy.
RE: Master Degree = Raise?
Chris
SolidWorks 11
ctopher's home
SolidWorks Legion
RE: Master Degree = Raise?
Generally the only way to get more money when you get a degree while working is to change jobs. Don't worry about what some folks are implying about loyalty or burning bridges. If your company no longer found your services necessarry you wouldn't even get the luxury of two weeks notice. It's business, not personal. My loyalty to my employer extends only as far as they write me a check for my work, and as long as the check and the work are suitable to my needs and desires I will continue to work for them and do the best job I can. When the situation is no longer suitable to me, I go elsewhere. Just business.
With all that being said, there is more to life than money. If your current job is your dream job and they don't give you a raise when you get your MS, leaving might not be a such a good idea if it is just over money. A high paying job you hate absolutely sucks no matter how big the paycheck is.