How much money is a master’s degree worth?
On average, a master’s degree earns teachers an additional $2,760 in their first year of teaching compared to a bachelor’s degree.
This salary advantage expands to an average of $7,358 per year by the time a teacher reaches the maximum point of the pay scale.
How much does a masters degree increase a teacher’s salary?
High school teacher’s salary with a masters
The maximum salary for a high school teacher can only be achieved with a master’s degree. According to PayScale, the median salary for high school teachers with a master’s degree is $9,000 higher than a teacher with only a bachelor’s degree.
Is a master’s degree worth it for teachers?
If you are a teacher wanting to increase your earning potential, getting a master’s degree is probably worth the cost. Master’s programs in the U.S. can cost anywhere from about $30,000 to more than $120,000 depending upon the school and program you choose.
How much more money will you make with a masters degree?
The answer depends on your major. According to “The Economic Value of College Majors,” a 2015 study by Georgetown University, college graduates with a bachelor’s degree earn an average annual salary of $61,000 over the course of their career, while those with a graduate degree earn $78,000 annually.