How much more would one earn a year with a masters in finance

How much more would one earn a year with a masters in finance?
as opposed to just having majored in finance and having a bachelors
Higher Education (University +) - 3 Answers

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1
About 9k a year.


2
Have a look at your "marketability". A young friend of mine majoring in Business has found that "the Bachelors degree today is about as common as high school graduation" and to have a good selection of employers, a Masters is needed.


3
It doesn't exactly work like that. You don't get paid by the degree - you get paid for a job. Some jobs happen to require certain degrees but that doesn't mean that just having the degree will get you the job or the money. Very many jobs that require a master's degree also require considerable experience for advancement. The exception is public school teaching and some government jobs. With a master's in finance you can apply for some jobs that a bachelor's holder can't even look at. Community College Instructor is one example. Having the master's if you want to be a community college instructor means you'll earn 100% more than the bachelor's holder because you can't get that job with a bachelor's degree. Many jobs don't require a degree at all. Get yourself one of those and you'll earn exactly what people that don't have a degree earn. For example: bank tellers don't need a master's degree and most don't have a bachelor's degree. In this example, the master's degree earns you exactly nothing. Clarify this idea and you'll become much happier. Job X pays $Y. It's that simple. Bartenders make a certain amount of money - even bartenders with a PhD in Philosophy. With some few exceptions (school teachers) - there is no benefit in the same position with/without the degree. Except; the degree is sometimes required to get the job and the degree holder will likely perform better and therefor advance faster. There is a common myth that a higher degree will automatically result in higher pay. This is due to a misinterpretation of some statistics - it's "generally true" but not "universally true". It's not the degree that earns the money - it's the person in a position (who may need a degree or experience or certification to reach the position). In your town, who earns more? Is it the person with a bachelor's degree that waits tables or the person with just a HS diploma that builds houses? What you need to look at then is occupations. Many occupations require a degree in finance. They don't all pay the same - even with the same degree. Look at the different occupations and determine what it is you want to do. Then find out what education and experience is required to do that. Don't confuse "what's your favorite class" with "what do you want to be when you grow up".