Does a degree mean a raise?

Question

I have been with my company for about 2 years. When I get my bachelor's degree, does that mean that I'll get a raise? When I say a raise, I don't mean the ones that everyone gets after a certain amount of time. I'm talking major bucks for getting a college degree. Is it common practice to get a huge raise after graduating college?

Answer 1

A degree does not necessarily mean more money. It really depends on what field you are in and what the company wants. In certain fields, there are no financial benefits if you have a master's degree versus a doctorate. However, in others, such as engineering, having a degree will equate to more money. Some companies will even have financial aid for their employees to continue their education towards a degree. The best way to be certain is to ask your HR department. And if the answer is not to your liking, maybe once you get your degree you should start looking for employment elsewhere. Best of Luck and congratulations in advanced.

Answer 2

Not necessarily. Especially if the degree has nothing to do with the work. Like if you got a degree in Music but you work in an accounting office, you can't expect a pay raise even if you got your PhD in Music.

But what you could do is arrange for a meeting with your manager, and talk about how your degree will make you a more valuable employee or something like that -- then they may get a clue and give you a raise.

Answer 3

No, it is not. Unless you have a prior arrangement with your company, or your degree will enable you to get a promotion to a position that pays more. Usually, to get the raise you would need to change companies. Most companies will not offer to pay you more just because you have a degree, because your still doing the same job. Possibly, if they think you are leaving for another job that pays more after you get the degree, they may offer you more money to stay.

Answer 4

In my experience, it's rare to receive a large raise for anything if you stay with the same company.



The biggest raises are when you switch from one company to another.

Answer 5

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Answer 6

Any time you get a higher education, degree, or even more skills training, etc. what ever it is, it will give you a better oppurtunity which usually means a bigger pay. My best advice to you is to find out your own self.

Answer 7

When my sister finished her Masters Degree she got a nice raise. So, yes, I think so.

Answer 8

best advice is to talk to your boss and/or HR