Teachers after often underpaid–it’s no secret.
Among professions that require similar education and training, teaching professions are almost universally ranked among the lowest paid, and that gap can be huge when accounting for hours worked and added expenses that come out of a teacher’s own pocket.
This fact alone leads many teachers to consider the value of achieving a Master’s Degree, which is usually associated with increased earnings and better long-term career options.
But, just how much is a Master’s worth for teacher? Obtaining one is, of course, a big investment of time and money. Will it pay you back in the long run?
The short answer is: Almost certainly yes. But, it depends in large part where you’re planning to teach–and for how long.
We wanted to analyze the expected ROI of obtaining a Master’s degree (either MAT or MEd, in most cases) as a teacher and help those considering the jump make their decision.
In our analysis of the value of a Master’s Degree was based on data found in the National Center for Education Statistic’s 2014 report on elementary and secondary teacher’s salaries.
Note: Maryland, Rhode Island, Hawaii, Florida, and Washington D.C. did not have data in the NCES study.