– Salary Estimates
One thing that many people don’t realize is just how much a Masters in Education can be worth. Some statistics suggest that the lifetime earnings of a graduate with a Masters degree are at least $1 million higher than those of a high school graduate. These statistics can certainly make a degree seem more appealing, but what type of earnings can you expect? You may be surprised to learn about some of the earnings that are possible, especially for jobs at the administrative level. These offer good salaries and benefits.
・ Public School Teachers – Statistically speaking, many public school teachers earn more than workers in several other professions do. On average, a public school teacher earns more than a writer. In 2005, the average public school teacher earned $34.06 an hour. Public school teachers have been found to earn 61 percent more than private school teachers. The highest known hourly pay for public school teachers in the United States is in Detroit, where Masters of Education graduates typically earn about $47 an hour. San Francisco and New York City also offer their public school teachers hourly wages that are in the $40 range.
・ Private School Teachers – The salaries for teachers in private schools can vary based on differing factors from those that affect public school systems, even among ones with an Education Masters degree. Some schools may pay around $20 an hour, which others may approach the wages paid by public schools. On average, the work week for private schools teachers is 2 hours longer than that for public school teachers. Public school teachers have about a 36-hour work week, while private school teachers work about 38 hours per week. The benefits may also vary, with some schools offering very generous packages and others offering more modest ones.
・ School Administrators – The salary range for school administrators can vary greatly depending on the type of school. Administrators who graduated from a Masters Education program earn a median salary of $39,000 at the preschool level. Higher wages are offered at the elementary and secondary levels, averaging about $80,000. Post secondary school administrators can generally expect a salary equivalent to or higher than that of elementary and secondary administrators. These figures can certainly make such jobs look very desirable, and administrative jobs ought to be considered as a good option.
・ Academic Deans – An academic dean can generally expect to have a higher salary, especially at a larger school. Large universities that have several degree programs may hire several deans to manage the various programs. Deans of business schools who graduated from a Masters in Education program often earn a salary of around $150,000 a year. Arts and sciences schools or schools that offer graduate programs pay around $130,000 to $135,000. The lowest-paying academic dean jobs typically involve vocational schools, where salaries are around $90,000. These may be very reasonable options for graduate students who took a specialized program and prefer not to work in a teaching capacity.
・ Director Positions – These are important positions that are available at colleges and universities. Directors of student financial aid oversee funding programs, while directors of student activities handle student life on campus. There may also be other, similar administrative positions offered at some schools. One advantage of these types of positions is that they usually offer better benefits than many other positions. Free tuition may be available to you and your family. You can also expect a good pension and health benefits. Most schools offer 4 or 5 weeks of vacation time, which is another attractive incentive.