The salary you could earn after completing an online degree program will differ depending on which career you decide to work in. Salaries are also dependant on other factors such as how long a person has been at their job, what the current standards are for the job, what the company can afford to pay, and which type of degree you possess. Most people’s salaries will increase each time they earn a degree. You should ask your supervisor at your current job what their policies are concerning salary increases for those who earn higher degrees.
There are ways to earn a higher salary using an online degree. The following tips can help you increase your salary and improve your job.
Keep track of each time you earn a degree or complete a certification program. When your review period comes up, you can point out what you have done to improve your job and the investment you have made in the company. Most employers like to boast about how many MBAs they have working for them. This may get you a raise in salary.
If you are looking for a new job, tell potential employers how much you have learned from an online degree program. Give examples of projects you worked on during the program that are relevant to the job you are applying for. If you have earned a higher level degree, feature it at the top of the education section on your resume. Employers are looking for competent people who can perform their job and increase profits for their company. They will pay more if they believe they are getting more.
Research the latest salary rates of those in your field. You can find this on national employment web sites, like Salary.com or the Bureau of Labor Statistics. They will rank jobs and salaries according to popularity, job function, degrees needed, and much more. You will be able to see how much the average person is earning in your job position. Note that salaries can vary due to where a person lives and the size of the company.
You will find that more and more employers are beginning to accept online degrees with more legitimacy then they have in previous years. This is because there are many quality programs that will train employees to do their jobs and more. Employers are willing to pay good salaries to those they feel are confident and can handle the position regardless of where they went to school.
If you are offered a salary that you do not agree with, you can ask why you are not receiving what others are receiving. Many times it may be due to cut backs or a bad fiscal year. If you ask for a little more money, many times you will receive it. Do not be pushy. If the company cannot offer you a higher salary, it will be up to you to decide whether or not you want to accept the position or interview somewhere else.
When interviewing for a job, do not be afraid to ask what the current salary will be. It should match your educational experience and prior job experience. If not, then you should consider interviewing somewhere else.
If you are lacking in job experience, rely on your online education. Explain what you have learned and what you did while in the program. Sometimes this will be enough for an employer to consider you for the position. Do not be surprised if the salary is lower than you expected. Many times salaries are based on education and prior job experience.
There are a few things you should not do when you are trying to figure out what your salary should be in a new position or during evaluation periods for raises.
You should not:
- Ask co-workers what they earn each year. They will probably not share this information with you and in some companies it is frowned upon.
- Demand a raise or a higher salary just because you completed an online degree program.
- Be unrealistic. If you earned an online degree but did not contribute enough to the team, you will probably not see much of a raise in salary.
- Talk about salary at the beginning of an interview. At the end, when the employer asks if you have any questions, then you can ask what salary is being offered.
- Expect interviewers to have read through your resume thoroughly. If a person is interviewing many people, they will not have time to read through all resumes as carefully as they would like. You should point out your degree and anything else that is relevant. This could increase your chances of receiving a higher salary.
- Only interview with one employer. You should interview with at least two or three before settling on a salary. Different industries have different pay scales. Knowing all of your options before accepting an offer may yield you a higher salary.
Since salaries are based on many different factors, you will only be able to control the fact that you have earned your degree. While many employers reward employees for their achievements, some do not. This should not deter you from earning an online degree, however. Earning a degree can be used later on if you want to change jobs or change careers. There are many opportunities for those who have advanced degrees in specialized fields. You will be able to find a job that pays more if you are willing to look for it. Research job postings and see who is hiring. If you are willing to relocate, your chances of earning a higher salary will increase.
People who have college degrees typically earn 10% more per year than those who do not. This is not to say that there aren’t exceptions, but for the most part, your online degree will earn you a higher salary in the future. If you have earned your degree in an industry that is experiencing growth, then you will earn more than others whose jobs are not in demand as much. Earning a specialized degree will help you earn a higher salary.