By Rachel Zupek, CareerBuilder.com writer
Posted by Abdulla Thasleem
These days, education is playing a bigger part in your career than ever before. More and more, employers are encouraging employees to take advantage of tuition reimbursement programs to go back to school -- but workers wonder if it's worth the time and effort.
Additionally, the unsightly job market is making college students rethink their entry into the real world. Instead, many students are continuing their education — but they don’t know if the extra credentials will help or hurt them when they do join the work force.
“The role that education level plays in your salary depends on the nature of the job and the relevance of your education,” says Jim Brennan, senior associate at ERI Economic Research Institute. “A Ph.D. in physics won’t earn you more money as a cab driver, but it will probably put you at the high end of the starting-pay scale for physical stress measurement technicians, and it may be merely an essential entry requirement for rocket scientists.”
All else being equal, more formal education or advanced credentials in the specific field of work or occupational area will carry some weight in starting-salary offers — how much difference will depend on the employers and their practices, Brennan adds. It’s also important to remember that in this economy, the job market is more competitive than ever. While it may not boost your salary much in some cases, having higher education on your résumé certainly won’t hurt.
Here’s a look at how starting salaries can differ based on the degree type and level,* according to CBSalary.com.