There is one added benefit to a master’s degree. He may want to move to a different area where a master’s degree is required, and the formula advantages a master’s degree more.
Exactly. Many upper level leadership require a masters degree for employment. Also they pay scale is higher. You have more options within your profession.
The professional development only benefits you if you stay within that school district, a Masters degree will be applicable to other school districts and also in administration at any school district and not just the classroom.
I came here to say this, that assistant principal job opening two school districts over wants you to have a master’s in education. So take that into consideration.
@@sblijheid even teaching for a different district or a private school in the future, they are going to care more about the master’s. It’s still 10k, it’s a choice, but you take the degree with you if you leave, not the PD.
If you're a teacher and want to get your masters, DO IT IN ADMINISTRATION. This will allow you to transition into a higher paying gig if you want to and will raise your pay regardless. Do not just get your masters in mathematics or your content area because you are limiting yourself to what you can do.
Agree. I have a friend that’s a teacher and she’s tired of it but I told her you need to get a degree in administration so you can be an admin in education so you can make more money. At where she’s at, she’s going to be stuck in the teacher lane.
PD classes are also called soft credits. A Masters program (university credits) is called hard credits. Soft credits may not be transferable if you change school districts - you loose them in the transfer. Hard credits will follow you from district to district.
It was to my wife. Teachers in her school district were paid more if they had a masters; initially it was $3,000+ more per year with the difference becoming greater each year. Aside from the time and the commuting expenses, she probably had less than $10k in school/book costs. She attended a somewhat local college and paid instate fees.
I went to college as a 38 yr old. adult, married with two children. Grad. BS in 84. I applied for grants for free credits. Went back to Masters, finished in 94. Pay went up and my knowledge base. Then took every workshop for free credits. I had to pay for some. So I ended up with Master plus thirty. The most important thing for me getting my Masters was proving to my self that I could do it with God's help. Just do it. I paid off all college loans which were small.
Depends on the industry. I was pursuing a Masters in Education and it was not worth the pay here where I live in Texas. I switched over to a Masters in Aerospace and I can say it has been worth it, money wise.
Yes., This is what I realized when I was going to do an online master's program in records management. I work as an office clerk in the operations division of a major bank. The job I have doesn't require a bachelor's degree and the higher paying jobs within my company I'm interested in applying to don't even have that requirement and jobs that require masters degrees are management type jobs which I'm not interested in. So what I realized is why should I put in all this work when I'm just going to get another job that's a few dollars higher in pay. Especially when I haven't reaped the benefits of my bachelor's degree yet.
My recent MBA experience was a focal point of discussion during a internal panel interview I had a little over a month ago. Not stating it was the reason I got the promotion, but it certainly assisted with “checking some boxes” with the interviewers.
@@xxxxMonkeyGirlxxxx I should have clarified that in my post. My employer is or had contributed to roughly about 85% of the total cost (this total does not include textbooks and lab fees).
There's are state universities offering an MBA for under 15k that are online with no out of state resident rates and aacsb accredited. You don't need to spent 60k
If the company pays for it, go for it. If you pay for it, it is not worth it unless you will make substantially more money to pay it off and then make some more! It's all about $$. No emotions involved.
@@hopefletcher7420 unfortunately that is reality. If you will pay $100k for an education that doesn’t give you a return on investment, then it’s useless.
@@hopefletcher7420 I mean if it wasn't for reality, it would be great to just keep getting more education. However, people have things to do and lofty dreams they want to accomplish in their lives.
@@annajones9701 finance mba investment bankers make so much money but have stressssssfullll jobs I know someone who paid 300k for an mba Now they're working at Goldman Sachs Making 200k as an investment banker
Definitely depends on your field. I'm in software engineering, and for most corporate engineering jobs, experience really matters more, and maybe a few certifications. We like certifications as you have to keep renewing them as the tech evolves continuously. But, IMO documented experience - and being able to talk about it in detail - matters much more. That said, some areas of software definitely benefit ... it really depends on what you're doing.
My wife and I have Masters and an Executive MBA and both of us have reaped the reward for having advanced degrees. I taught at a community college and law enforcement academy earning a six figure salary. She's an executive at a financial institution earning twice the salary than mine. EDMs because of the degrees.
I agree, I have a MD and MBA and I just started my medical career in the US, my MBA as a resident doctor gave me the opportunity to stand out among my peers at the hospital and I’ve placed 1st in two different hospitals I’ve applied for so far, because of that giving this much advantage I’m gettin a Master of Science in Healthcare Quality and Safety before opening my own hospital and I feel super confident and happy about my educational background, im not against it at all
I am working full time and working on my master's online. I would say depends what degree you are getting. The masters I'm getting is in software engineering. So to believe that I am getting experience at work and in school.
It’s only worth it if you’re actually going to use it or change professions. For example, a master’s degree in school counseling is required and necessary
Most of the time, no. My salary is the same as people who are 10 years older than me and have a master’s degree at my current company. Either they are way underpaid and settled on this job or it just was not relevant. Either way I’m debt free and make the same as them with just my bachelors.
I think there are some holes in your story. You don't know what everyone receives on their paycheck, and you are certainly not debt free. You're not paid hourly, you're on a salary because you told us you are. Your colleagues could also be hourly and working less hours, or, simply lying to you during lunch break chit-chat because they feel it is none of your business. Do you have insurance on your car? That's a monthly debt. Is your car paid off? That's a monthly debt. Do you live in a house with a mortgage? That's a monthly debt. Do you rent an apartment and pay off your landlord's mortgage each month? That's a debt. Utilities? Groceries? You have a bachelor's degree and absolutely no debt? Astounding. Did you thank your parents? Do you know why I can quickly analyze just three of your sentences and immediately figure out that you're embellishing a story here? Because I have a master's degree.
All joking aside, “master” is the official title of a young unmarried man. In other words, it isn’t special and lacks exclusivity. “Doctor” is the title of those whom society has granted an elevated level of intellectual status.
Get the Master's! You say you want to keep teaching and don't want to move into administration but c'mon. In 10-20 years you might feel differently. Especially when you see the pay increase you would get becoming an administrator.
I have recently finished my first degree in English education and now i’m in that fork of the road; getting a master’s degree or not. A part of me believes that I should and that I would guarantee somewhat of a better life financially but a part of me says that I should not and that I should focus on my talents and gifts as a dancer. Really confusing 😢😔
and getting college credit after your masters. many school districts compensate you for additional college credit even if you are not pursuing a degree.
@@guillermoalbarran8199 try getting a job on Wall Street without a degree then. Yeah you can be a banker without a degree but you will jump through hoops. The average person doesn’t have connections. College is a gateway to better opportunities period. Corporate jobs hire from pools of target schools and majors most of the time don’t matter. It’s just connection with the schools. Student debt is one thing. But people bagging on college like it doesn’t benefit them in someway indirectly and directly
There was a series of articles in the WSJ about the value of a master's degree. It depends on the school, tuition, and field. Some even prestigious institutions with high tuition left their graduates loaded with debt and only earning about minimum wage in an area like theater. On the other hand right now MBAs seem to be worth it.
@@aundreymosley8937 UK Chevening scholarship for a 1-year taught Masters degree. It's a full scholarship including visa fee, flight tickets and monthly stipend.
@@MaxMonsterGaming it’s already happening. eLearning is all about leveraging AI to teach kids. Look at the use case for Facebook’s and Microsoft’s respective metaverses.
@@thomaspugh9969 Fair enough. I have a bias seeing the way teachers are forced to spend ridiculous amounts of money for these degrees. I don't think the price is justified especially for what they do but I guess there has to be some value other than clout and pay.
@@benjaminselassie ya in FL it's probably not worth getting one unless you want to go into administration or to better yourself. I got mine several years ago so I have recouped my cost and just starting to make money on it.
My son-in-law decided to go for a masters degree in machine learning. He ended up with a summer internship that paid enough to 30% if the cost of his degree. Two years after getting his masters 26 years old and making $200k.
Thats not entirely correct because to get a MSc you will also spend 1 to 2 years, but if you dont you get extra profit and work experience in that period of time.
If the masters ain't in STEM, basically, no, it doesn't matter. Colleges and universities will hand out degrees, undergrad and graduate, in just about anything. These days if it ain't in STEM you're mostly wasting your time. Lots of folks processing and delivering mail and packages and driving trucks, and shuffling boxes in warehouses are degreed up the wahzoo. Clearly they didn't need degrees to do what they do. I'll still clap for those with Underwater Basket Weaving degrees, but I'll also shake my head when they end up in $45k per year jobs and a truckload of student loan debt.
Unless you are doing for a career that specifically demands it, I'd say maybe...leaning towards a NO though. The best masters degree is a degree that you can afford or get one for free. Also it's when you got nothing to loose, meaning you are financially well-off even before the masters, and you only take the masters to either boost your salary or career that you've already established. Digging your own financial death grave is just dumb.
My husband's boss in an IT company had his degree in Forrestry or something. I am sure he got IT training within company. What I am saying your Masters will help you do lots of different things later on.
It's only worth it if the career you want needs it. I want to become a data scientist, and most jobs want you to have a masters degree. So, therefore, I'm getting it(cheap as well)
To become a millionaire....not really to me its just pretige....but honestly no one cares especially if your a self made millionaire without a degree 🙄
Nope I could do the same job I have now with a bachelors degree, but my masters was essentially free (aside from the time cost). I completed the degree debt free with grants/scholarships, but how much money could I have saved working for those 2-2.5yrs I spent earning that degree probably 100-125k so in reality the degree cost me 100-125k despite being fully funded/free. The value in having a masters degree depends on the field but it's really just the title. I've worked with plenty of people with masters degrees and zero experience in the field who are complete idiots. And I've worked with people who only have BA degrees that are phenomenal.
I’m in my Masters program now and I fully anticipated that it might never help me in my career. However my company pays for it fully and so I wanted to take advantage of that. Then I applied for a promotion at my company and in the interview the MBA was mentioned and asked about many times. I think it helped me get the position. Also, I love the material I’m learning. It’s very applicable.
I can't agree more. The best Masters Degree are the ones that are free and you have ZERO negative impact to your life. Company sponsored Masters for the win!
Ideas are like opinions, everyone has got them, but if you don’t have the knowledge and discipline to turn those ideas into reality then they don’t mean anything at all.
I was thinking of getting an MBA, but thats 200k in debt. I saw the managers at work with MBAs and they work 12 hours a day or more. Not exactly greener on the other side.
I think it is definitely a good question, however, it depends on what state he lives in, as far as requirements to teach. If decides to teach at a college level, or move to another state, he may have to invest in a master degree program. I can understand not wanting to spend the money, and if he could obtain a grant, or some type of subsidy, that may assist in defraying the expense. Also, with a masters he can possibly gravitate into another field, and apply his existing skills, in addition to, his education.
Depends on what you want to do with the Masters and if your employer is reimbursing you. If you want to be a nurse practitioner, Administration, or Nurse Education yes. If your employer is paying, yes yes. If you want to remain bedside nurse, then no.
As someone with a Master's degree I can say that it definitely does not! But I'm still glad I can have it, just cause I can tell people that I do, and that I'm usually the most "educated" person in the room haha
The only reason why I got a master's in biology is because my parents pushed me to. There's a part of me that thinks that was a huge waste of my time, especially because it wasn't something that I wanted, but I think it also helped me get where I am today as a supervisor.
Do the Masters Degree! My Master’s degree cost $4500. The first year income went up $6000. This impacts not only annual income but your pension. Shop around and do a much better job of finding a lower cost Master.
Dave he just doesn’t want to get the Master’s. He needs to ask if the “prestige” professional development courses are transferable if he moves to a different school district or state.
Simple, you need to look at the difference in pay between teaching and private sector. If you are looking to make more money the private sector will easily win over public sector with the added risk of you could get fired / laid off. It also depends on the field of study, if you are talking medical, financial or technical the private sector is the winner hands down.
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There is one added benefit to a master’s degree. He may want to move to a different area where a master’s degree is required, and the formula advantages a master’s degree more.
Exactly. Many upper level leadership require a masters degree for employment. Also they pay scale is higher. You have more options within your profession.
Bingo
No wrong it is never worth it no matter what unless you already have the job and if you already have the job well you don't need to make any decision
The professional development only benefits you if you stay within that school district, a Masters degree will be applicable to other school districts and also in administration at any school district and not just the classroom.
I came here to say this, that assistant principal job opening two school districts over wants you to have a master’s in education.
So take that into consideration.
I would agree ! He may be wasting time, when he could be obtaining a degree, so he will have options.
I would love to get my PhD, but I'm not bothering because colleges aren't hiring. It would be a waste of money.
@@deuteriumjones He did say that he didn't want to stop teaching.
@@sblijheid even teaching for a different district or a private school in the future, they are going to care more about the master’s. It’s still 10k, it’s a choice, but you take the degree with you if you leave, not the PD.
If you're a teacher and want to get your masters, DO IT IN ADMINISTRATION. This will allow you to transition into a higher paying gig if you want to and will raise your pay regardless. Do not just get your masters in mathematics or your content area because you are limiting yourself to what you can do.
With a masters in a math field you could qualify to become a data scientist making way over 100k per year.
@@zg3671 thats changing industry though, not staying in education
Agree. I have a friend that’s a teacher and she’s tired of it but I told her you need to get a degree in administration so you can be an admin in education so you can make more money. At where she’s at, she’s going to be stuck in the teacher lane.
Yes, I got my master's degree in higher ed administration.
PD classes are also called soft credits. A Masters program (university credits) is called hard credits. Soft credits may not be transferable if you change school districts - you loose them in the transfer. Hard credits will follow you from district to district.
You lose them, not loose them.
This is a great point!
It was to my wife. Teachers in her school district were paid more if they had a masters; initially it was $3,000+ more per year with the difference becoming greater each year. Aside from the time and the commuting expenses, she probably had less than $10k in school/book costs. She attended a somewhat local college and paid instate fees.
I went to college as a 38 yr old. adult, married with two children. Grad. BS in 84. I applied for grants for free credits. Went back to Masters, finished in 94. Pay went up and my knowledge base. Then took every workshop for free credits. I had to pay for some. So I ended up with Master plus thirty. The most important thing for me getting my Masters was proving to my self that I could do it with God's help. Just do it. I paid off all college loans which were small.
Reading this gives me hope. Thanks for your comment!
84 that same course now is 50x more costly
God is great
Depends on the industry. I was pursuing a Masters in Education and it was not worth the pay here where I live in Texas. I switched over to a Masters in Aerospace and I can say it has been worth it, money wise.
Yes., This is what I realized when I was going to do an online master's program in records management. I work as an office clerk in the operations division of a major bank. The job I have doesn't require a bachelor's degree and the higher paying jobs within my company I'm interested in applying to don't even have that requirement and jobs that require masters degrees are management type jobs which I'm not interested in.
So what I realized is why should I put in all this work when I'm just going to get another job that's a few dollars higher in pay. Especially when I haven't reaped the benefits of my bachelor's degree yet.
If I may ask, what do you do with the master's in aerospace? Since you took M.Ed, I assume your bachelor is in Edu as well...
My recent MBA experience was a focal point of discussion during a internal panel interview I had a little over a month ago. Not stating it was the reason I got the promotion, but it certainly assisted with “checking some boxes” with the interviewers.
I want to get my MBA but I can’t justify the $60k price tag for one without a guaranteed ROI.
@@xxxxMonkeyGirlxxxx I should have clarified that in my post. My employer is or had contributed to roughly about 85% of the total cost (this total does not include textbooks and lab fees).
There's are state universities offering an MBA for under 15k that are online with no out of state resident rates and aacsb accredited. You don't need to spent 60k
As someone that had a 600% salary increase with my MBA I can only advocate for it
You must be making half a mil in salary?
I would have maxed at about $50k in my field. My MBA opened up a lot of doors and made my direct deposit pay far more significant.
Would be nice to know what sector you work in, as a 600% increase in salary is not the norm for these extra credentials for most of the workforce.
@@codygosney976 narco accountant lol
Percentages don’t mean much here. You’re either absurdly rich or were working minimum wage before.
If the company pays for it, go for it. If you pay for it, it is not worth it unless you will make substantially more money to pay it off and then make some more! It's all about $$. No emotions involved.
Amen
That's a sad comment about the value of education. If it doesn't put money in your pocket it's pointless?
@@hopefletcher7420 unfortunately that is reality. If you will pay $100k for an education that doesn’t give you a return on investment, then it’s useless.
@@theforeignerinamerica1817 i agree, especially if that degree will put you in debt or having a hard time getting a job afterwards
@@hopefletcher7420 I mean if it wasn't for reality, it would be great to just keep getting more education. However, people have things to do and lofty dreams they want to accomplish in their lives.
This is one of the best videos Dave has put out, it really shows the risk assessment experience he has.
I would've taken the master's degree hands down. My MBA paid of tenfold and was $44k.
That's for an MBA, which is one of the most valuable master's degrees. If it's a history degree, it's a different story.
Masters in stem or finance or chemical engineering or real estate investment and finance etc will make vank
@@annajones9701 finance mba investment bankers make so much money but have stressssssfullll jobs
I know someone who paid 300k for an mba
Now they're working at Goldman Sachs
Making 200k as an investment banker
Definitely depends on your field. I'm in software engineering, and for most corporate engineering jobs, experience really matters more, and maybe a few certifications. We like certifications as you have to keep renewing them as the tech evolves continuously. But, IMO documented experience - and being able to talk about it in detail - matters much more. That said, some areas of software definitely benefit ... it really depends on what you're doing.
Yeah in the industry I’m in it doesn’t seem experience matters more than a masters degree.
@@xxxxMonkeyGirlxxxxmight I inquire about the industry you're in?
So for software engineering certificates better than masters?
My wife and I have Masters and an Executive MBA and both of us have reaped the reward for having advanced degrees. I taught at a community college and law enforcement academy earning a six figure salary. She's an executive at a financial institution earning twice the salary than mine. EDMs because of the degrees.
It sounds like a dream.. 😔
There is no show without papa Dave!
In other words, "Is a graduate degree worth while?". It depends on your field.
Yes ! I would agree !
I agree, I have a MD and MBA and I just started my medical career in the US, my MBA as a resident doctor gave me the opportunity to stand out among my peers at the hospital and I’ve placed 1st in two different hospitals I’ve applied for so far, because of that giving this much advantage I’m gettin a Master of Science in Healthcare Quality and Safety before opening my own hospital and I feel super confident and happy about my educational background, im not against it at all
I am working full time and working on my master's online. I would say depends what degree you are getting. The masters I'm getting is in software engineering. So to believe that I am getting experience at work and in school.
Definitely the Master's. A Master's is applicable in a lot of different ways and nobody knows what they will do down the line.
THIS was a great video! Some of the other hosts are kind of boring, they just tell the caller to work the baby steps. Dave is the BEST!!
The MA degree will open more doors. And will allow you to pursue an edd you want.
What is an edd?
It’s only worth it if you’re actually going to use it or change professions. For example, a master’s degree in school counseling is required and necessary
Dave is a financial advisor, not a career counselor.
You better hope Mr. Dave aka "talk shit and I'll come after your family" Ramsey doesn't read this comment...
Most of the time, no. My salary is the same as people who are 10 years older than me and have a master’s degree at my current company. Either they are way underpaid and settled on this job or it just was not relevant. Either way I’m debt free and make the same as them with just my bachelors.
I think there are some holes in your story. You don't know what everyone receives on their paycheck, and you are certainly not debt free. You're not paid hourly, you're on a salary because you told us you are. Your colleagues could also be hourly and working less hours, or, simply lying to you during lunch break chit-chat because they feel it is none of your business. Do you have insurance on your car? That's a monthly debt. Is your car paid off? That's a monthly debt. Do you live in a house with a mortgage? That's a monthly debt. Do you rent an apartment and pay off your landlord's mortgage each month? That's a debt. Utilities? Groceries? You have a bachelor's degree and absolutely no debt? Astounding. Did you thank your parents? Do you know why I can quickly analyze just three of your sentences and immediately figure out that you're embellishing a story here? Because I have a master's degree.
@@jimmorrison4ever529😂😂😂
The whole point of a master's degree is so that you can tell people to call you "Master -Lastname-"
People love me at Thanksgiving dinner ;)
I should get one then! 😄
All joking aside, “master” is the official title of a young unmarried man. In other words, it isn’t special and lacks exclusivity. “Doctor” is the title of those whom society has granted an elevated level of intellectual status.
Get the Master's! You say you want to keep teaching and don't want to move into administration but c'mon. In 10-20 years you might feel differently. Especially when you see the pay increase you would get becoming an administrator.
From my experience if you want to be the boss then go for the masters degree.
The masters will be much more valuable especially for future career opportunities in a different district, company, or state!
Depending on the type of career
I have recently finished my first degree in English education and now i’m in that fork of the road; getting a master’s degree or not. A part of me believes that I should and that I would guarantee somewhat of a better life financially but a part of me says that I should not and that I should focus on my talents and gifts as a dancer. Really confusing 😢😔
You can carry a masters degree with you to whatever new job you might go to in the future.
Depends on what career path you choose. I need one for my job.
Sell the masters degree.
Higher degrees count in public education.
and getting college credit after your masters. many school districts compensate you for additional college credit even if you are not pursuing a degree.
No one cares about your degrees people, make yourself more valuable with experience.
Not for careers like CPA, RN, and other specialized careers
@@TooHonest4_You i think it’s common sense what careers you need degrees in. we aren’t talking about those
@@guillermoalbarran8199 try getting a job on Wall Street without a degree then. Yeah you can be a banker without a degree but you will jump through hoops. The average person doesn’t have connections. College is a gateway to better opportunities period. Corporate jobs hire from pools of target schools and majors most of the time don’t matter. It’s just connection with the schools. Student debt is one thing. But people bagging on college like it doesn’t benefit them in someway indirectly and directly
@@TooHonest4_You you’re looking too much into it buddy, relax.
There was a series of articles in the WSJ about the value of a master's degree. It depends on the school, tuition, and field. Some even prestigious institutions with high tuition left their graduates loaded with debt and only earning about minimum wage in an area like theater. On the other hand right now MBAs seem to be worth it.
If a given undergraduate degree is junk, its corresponding Masters will just be more junk.
I hate education as a career field. Needed roles but sucks trying to advance your earning potential in that field
I believe most people who become educators are choosing the rewarding experience of teaching people opposed to the financial aspect of it
Sleep on a friends couch on the west coast doing IT and then retire to a lower cost of living state by 50
Soo many free masters programs,,, I did mine with zero debt
Education espeacially gives those away
Where did you get your free masters degree?
@@aundreymosley8937 UK Chevening scholarship for a 1-year taught Masters degree. It's a full scholarship including visa fee, flight tickets and monthly stipend.
Don’t pick a field that AI will eliminate down the road.
There is no field like that. Unless you own a business.
You don't want AI replacing teachers.
@@MaxMonsterGaming it’s already happening. eLearning is all about leveraging AI to teach kids. Look at the use case for Facebook’s and Microsoft’s respective metaverses.
@@MaxMonsterGaming Seeing who is teaching its probably be an upgrade for most kids.
Im a teacher in FL and with a master's you only get $1000/yr bump in pay which is atrocious. I wish we got $5k for a master's.
Does it actually make people better at the job?
@@benjaminselassie it can. I learned a lot for my masters
@@thomaspugh9969 Fair enough. I have a bias seeing the way teachers are forced to spend ridiculous amounts of money for these degrees. I don't think the price is justified especially for what they do but I guess there has to be some value other than clout and pay.
@@benjaminselassie ya in FL it's probably not worth getting one unless you want to go into administration or to better yourself. I got mine several years ago so I have recouped my cost and just starting to make money on it.
I can attest to this. After a year of teaching mathematics in Jacksonville, I left the profession and went into engineering...and doubled my salary.
If you want to be in management yes for everything no. My old teacher only made $62963 with her Masters
Never forget the benefits and the awesome retirement
My son-in-law decided to go for a masters degree in machine learning. He ended up with a summer internship that paid enough to 30% if the cost of his degree. Two years after getting his masters 26 years old and making $200k.
A lot of employers will pay for continuing education.
Your idea can only be as good as your education
Thats not entirely correct because to get a MSc you will also spend 1 to 2 years, but if you dont you get extra profit and work experience in that period of time.
If gurantee to pay more, go for it. Money talks
If the masters ain't in STEM, basically, no, it doesn't matter. Colleges and universities will hand out degrees, undergrad and graduate, in just about anything. These days if it ain't in STEM you're mostly wasting your time. Lots of folks processing and delivering mail and packages and driving trucks, and shuffling boxes in warehouses are degreed up the wahzoo. Clearly they didn't need degrees to do what they do. I'll still clap for those with Underwater Basket Weaving degrees, but I'll also shake my head when they end up in $45k per year jobs and a truckload of student loan debt.
Accounting? Finance?
@@Arteaga4K a dime for two dozen
Unless you are doing for a career that specifically demands it, I'd say maybe...leaning towards a NO though.
The best masters degree is a degree that you can afford or get one for free. Also it's when you got nothing to loose, meaning you are financially well-off even before the masters, and you only take the masters to either boost your salary or career that you've already established.
Digging your own financial death grave is just dumb.
My husband's boss in an IT company had his degree in Forrestry or something. I am sure he got IT training within company. What I am saying your Masters will help you do lots of different things later on.
No
And remember folks, this guy teaches our children! I hope he isn't a math teacher! I really hope he's a Phys Ed teacher.
My cousin got his, he said it’s totally worth it.
It’s doing me well
Shop the degree online and see if it’s cheaper?💡👍👍
I think with this pay scale thing it may be worth it.
If you have to ask that question, do not get one as you are not driven enough.
the masters he can get a PHD and make even more. If you move masters is best or change schools.
The dr Phil of personal finance
I’m glad for the video but wouldn’t this be a better question for another’s teach and not DR?
$5k....thats it. Horrible
It's only worth it if the career you want needs it. I want to become a data scientist, and most jobs want you to have a masters degree. So, therefore, I'm getting it(cheap as well)
No. No it's not
my company didnt care about my master degree
It depends in which field...really.
If u invest in stock beginning at the age of 10 and on...no a master degree is not necessary. 😊
Nope not worth the debt load and stress.
Yes. I agree. I appreciate you.
You’d never catch me with a masters or phd. In most cases it’s useless information that has no use other than teaching it to other people.
Definitely worth it when your employer pays for it 😊
What is the opportunity cost of obtaining a master's degree?
NO !!!! There, that was easy.
The answer is no. Unless its specialized
Cost/benefit. Did he not learn that in his undergrad math?
He can't balance his checkbook!
Sounds like Scott is more interested in money than educating and mentoring students.
Both have to make sense.. let's be real
You don't have to be one. FYI I am. To each his own
degree
*A Master's degree is a KEY to a PhD; otherwise, it's not worth it in my country.*
In my country, you can go straight to PhD with a CGPA 3.75 for Bachelor's.
Masters degree is not needed with an education degree. You usually just need a Bachelors
Did you listen to the show? It's not needed, but he will get paid more if he gets one.
To become a millionaire....not really to me its just pretige....but honestly no one cares especially if your a self made millionaire without a degree 🙄
Just sell the car, get a second and third jobs and start eating rice and beans dude. 🙃
😁👌👍🖖✌😎
get a secondj job.
Job. Just over broke
Nope I could do the same job I have now with a bachelors degree, but my masters was essentially free (aside from the time cost). I completed the degree debt free with grants/scholarships, but how much money could I have saved working for those 2-2.5yrs I spent earning that degree probably 100-125k so in reality the degree cost me 100-125k despite being fully funded/free.
The value in having a masters degree depends on the field but it's really just the title. I've worked with plenty of people with masters degrees and zero experience in the field who are complete idiots. And I've worked with people who only have BA degrees that are phenomenal.
I’m in my Masters program now and I fully anticipated that it might never help me in my career. However my company pays for it fully and so I wanted to take advantage of that. Then I applied for a promotion at my company and in the interview the MBA was mentioned and asked about many times. I think it helped me get the position. Also, I love the material I’m learning. It’s very applicable.
Are you doing an MBA?
It did. If u wanna excel into management roles u definitely need a masters to help boost you. Also u make more off rip
Been having doubts about the value of my MSc. Thanks for your comment
I can't agree more. The best Masters Degree are the ones that are free and you have ZERO negative impact to your life. Company sponsored Masters for the win!
R you gonna be a professor
Education doesn’t rule the world, ideas do.
Some of the dumbest people have multiple degrees.
It depends if you actually get PAID for your ideas.
Best comment on here!
The two go hand in hand.
Ideas are like opinions, everyone has got them, but if you don’t have the knowledge and discipline to turn those ideas into reality then they don’t mean anything at all.
If you have to ask, the answer is no.
A technology masters degree can get you a high paying job
I was thinking of getting an MBA, but thats 200k in debt. I saw the managers at work with MBAs and they work 12 hours a day or more. Not exactly greener on the other side.
MBAs work so much
Higher the salary more rigorous the work
It's not worth all the debt n stress n work pressure
@@lotuswolf1518 *to you
I think it is definitely a good question, however, it depends on what state he lives in, as far as requirements to teach. If decides to teach at a college level, or move to another state, he may have to invest in a master degree program. I can understand not wanting to spend the money, and if he could obtain a grant, or some type of subsidy, that may assist in defraying the expense.
Also, with a masters he can possibly gravitate into another field, and apply his existing skills, in addition to, his education.
Is a Masters of science in Nursing worth it?
Depends on what you want to do with the Masters and if your employer is reimbursing you. If you want to be a nurse practitioner, Administration, or Nurse Education yes. If your employer is paying, yes yes. If you want to remain bedside nurse, then no.
YES
@@queenlizzie77 is a nurse administrator worth it? Im planning to get a masters degree
@@unfairsanic5089 yes it's worth it, just make sure the hospital you're working for does tuition reimbursement.
@@queenlizzie77what about a masters of science in business analytics? I got a full ride but they can’t let me do an MBA
As someone with a Master's degree I can say that it definitely does not! But I'm still glad I can have it, just cause I can tell people that I do, and that I'm usually the most "educated" person in the room haha
You're not american or you got a scholarship
@@lotuswolf1518 im not american
This was the answer I’m looking for as to not do it. You can be the smartest in the room without having a masters to show case it
The only reason why I got a master's in biology is because my parents pushed me to. There's a part of me that thinks that was a huge waste of my time, especially because it wasn't something that I wanted, but I think it also helped me get where I am today as a supervisor.
Interesting. My supervisor has a BA in Biology as well.
Do the Masters Degree! My Master’s degree cost $4500. The first year income went up $6000. This impacts not only annual income but your pension. Shop around and do a much better job of finding a lower cost Master.
What school did you get your masters if you don’t mind me asking
@@Kenya__Stewart Western Governors University
Yes this is true, I went to wgu for my MBA. I was able to get a part time adjunct position along with my already existing job
What program did you study?
@@Arteaga4K Western Governors University
Dave he just doesn’t want to get the Master’s. He needs to ask if the “prestige” professional development courses are transferable if he moves to a different school district or state.
Wait, there are teachers without a masters? You can't even get an interview wo one in NY
There are many, including myself. And I earn more than teachers with Master's degree. 😂
Simple, you need to look at the difference in pay between teaching and private sector. If you are looking to make more money the private sector will easily win over public sector with the added risk of you could get fired / laid off. It also depends on the field of study, if you are talking medical, financial or technical the private sector is the winner hands down.
Only if the Master’s is in a specialized major like Accounting, or STEM based
For teacher pay? No.
@@derekwhittom1639 teachers are often required to obtain masters for higher pay.
@@fauxbro1983 yes, I know. It isn’t just accouting and stem masters that have value in increased income for teachers (the topic of the video)
For getting a job, but a Masters does not help much for income.
@@michaelweyenberg6238 it does if you’re a teacher.
Master degree is not really worth it. 500 Bible secrets to financial freedom is worth it.
This is simple math. This guy must be an English teacher or something.
I just have a bachelors and make $300k a year