There are a number of reasons that teachers decide to pursue a master’s degree. Not only does it reinforce a commitment to education, but it can also have a substantial impact on a teachers’ lifetime earning potential, particularly if completed early in their career.
A recent analysis conducted by University of Redlands School of Business Professor Mak Kaboudan confirms that for teachers who earn a master’s degree from the University of Redlands at age thirty, or even at age forty, their increased income would not only pay for the cost of the master’s degree after ten years, but their lifetime income could increase by more than $650,000.
Below is a quick look at the total financial benefits a teacher might expect from earning a master’s degree. More information and conclusions from this analysis can be found on the pages that follow, including:
- Income comparisons based on receiving a master’s degree at age 30 and age 40;
- Income comparisons during retirement;
- Return on investment for taking a loan to finance a master’s degree.
About Our Master’s Degrees in Education
The University of Redlands School of Education offers five graduate degree programs at the master’s level with an emphasis on school counseling, college counseling, curriculum and instruction, educational administration, and higher education.
Each master’s degree program is based on a foundation of common graduate courses which provide the basic knowledge and skills necessary to perform: graduate-level research; assessment, evaluation and writing; curriculum and program development; and personal and professional reflection.