Masters In Higher Education Salary – But as we all know, what we actually do has far more consequences than the knowledge we develop in our early years. Any program you choose to enroll in opens the way for future friends, career opportunities, and connections.
Additionally, the college degree you choose will determine your future earning potential, especially in the first decade after graduation. If jobs in your field are in high demand, it can lead to long-term financial success, helping you pay off expensive student loans and save money.
Masters In Higher Education Salary
Today’s chart comes to us from Reddit user /r/SportsAnalyticsGuy and is based on PayScale’s annual survey of 1.2 million undergraduate users in the United States. You can access the dataset here.
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Mid-Career Percentiles: Salary data for 10 years after graduation, percentiles (10th, 25th, median, 75th, and 90th)
In other words, average salaries show what people started making after graduation, and the other part of the table shows what people make 10 years after graduation. Low-income earners (10th percentile) are in the low range, while high-income earners (90th percentile) are in the high range.
The highest-paying career in college is for medical assistants, with an average starting salary of $74,300. The downside of this level is that over 10 years, their income will increase by only 23.4%, and they can quickly lose potential jobs.
In contrast, the largest increases in earnings went to fields such as mathematics, philosophy, economics, marketing, physics, political science, and international relations. All of these levels represent a 90% or more increase from average starting salary to mid-career salary.
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Additionally, the occupations that saw the highest average career salaries were all across the engineering spectrum: chemical engineering, computer engineering, electrical engineering, and aerospace engineering exceeded $100,000. They were usually very well paid. .
As a final note, it’s important to recognize that these data do not necessarily correlate with current levels or the job market. The data set is based on people who graduated at least a decade ago – so it doesn’t represent what graduates might experience today when starting their careers.
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Listed Markets: Shipping Costs Fall Shipping costs have now come down after rising significantly during the pandemic. What does this mean for exporters and the economy?
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A year ago, congestion at America’s West Coast ports was in the headlines, and global container shipping costs hit record highs.
Today, shipping costs have come back down to near pre-pandemic levels. Using data from Freightos, the graph above shows how costs have fallen over a short period of time.
The Freightos Baltic Index (FBX), a widely recognized benchmark for global freight rates, is down 80% from its peak at the end of 2021.
Much of the world’s trade takes place on the world’s oceans, so shipping costs can rise and hurt the global economy.
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A recent HPG study covering 143 countries over the past 30 years found that shipping costs were the main driver of global inflation. In fact, when freight rates double, inflation rises by 0.7 percentage points.
Of course, some countries feel the impact of higher shipping costs more acutely than others. Countries that import most of what they consume and are more integrated into global supply chains are more likely to see inflation rise as shipping costs rise.
While many of us can finally look forward to improved supply chain efficiency and lower inflationary pressure, shipping companies are seeing the end of a two-year growth period.
For example, large shippers such as COSCO and Hapag-Lloyd have seen revenue increase 10 times or more per 20-foot equivalent unit (TEU) shipped.
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For now, carriers are canceling voyages and scrapping old ships. In early January, container freight rates rose for the first time in 43 weeks, indicating that shipping rates have continued to rise since the start of the pandemic.
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Getting a higher education anywhere in the world often comes with significant tuition fees. In Singapore, the total tuition fee for a bachelor’s degree can range from $25,000 to $170,000 depending on the school, duration and type of study.
While some of us pursue further education as a hobby, others pursue a university degree as a form of investment to secure a good career. However, not all degrees are created equal, as skills, knowledge, and job market demand (and corresponding wages) vary. Some of us may wonder how much salary we can expect after graduation, given how much our education costs.
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The following data tables are calculated using data from the respective universities’ 2021 Postgraduate Employment Survey (GES). Note that:
This guide covers local university courses only. Apart from Singapore Digipen Institute of Technology, SIT has no other overseas university programs. For more details visit SIT Courses website and SIT’s GES.
Also read: Did you graduate from university? Here are 5 things you can do to better prepare for the post-Covid-19 world
It is important to consider all factors when choosing a course. Some courses are more expensive and prestigious than others, but do not immediately translate into higher salaries.
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Based on the NUS 2021 GES survey, a Bachelor of Dentistry degree with a total 4-year tuition fee of $120,800 is not a higher starting salary compared to spending $33,000 for a 4-year Bachelor of Computer Science.
Another interesting finding from the GES survey is that the average starting salary for an NUS Bachelor (Hons) degree is $3,650, which may be a departure from the more typical. That’s another $220. A popular NUS Bachelor of Business Administration (Accounting) (Hons), with an average starting salary of $3,430 and tuition fees of $5,800.
However, we should be careful not to make decisions about courses without considering the full range of careers we want. Professionally accredited degrees such as dentistry and accounting are valued for their unique expertise.
Focusing only on the initial salary can be a mistake. Having a good career isn’t just about commanding a high starting salary. There are many factors to consider such as personal interest, industry development and career path.
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After graduation, our degree does not set us on a career path. According to a 2019 survey by Google, 53% of Singaporeans are employed in a job unrelated to their degree. Education is a lifelong journey and should not end when we graduate.
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