Masters in Education Salary Outlook

With the growth of the US population and increases in enrollment, there will tend to be higher demand for many types of educational professionals in the future. To have the opportunity to earn the highest salary, you should consider getting your master’s degree.

If you want to be a teacher or another type of educational professional, you often can get your career started with your bachelor’s degree. But for long term career prospects and salary, many educational professionals will eventually earn their Master’s in Education.

Earning a master’s degree in education will provide you with many opportunities to increase your skills so that you can make more money and gain better positions over the long run. Also, most school districts will pay you a higher salary automatically when you earn a master’s degree.

Typical Concentrations

As you are looking at master’s programs, virtually all of them will have different specializations that you can consider. The degree to which your salary will rise by getting your master’s will vary, depending upon the field:

  • Educational leadership/administration
  • Curriculum and instruction
  • Teaching English to language learners
  • School counseling
  • Educational technology

To better understand how a Master’s in Education can affect your salary in your career, it is a good idea to look at salary data from different online resources. One of these is the Bureau of Labor Statistics (BLS). This government website has salary data on many education-related occupations, so that you can see the starting salaries and top end salaries for these positions.

You also should keep in mind that where you live will have a significant influence upon your salary with a Master’s in Education, as well.

High School Teacher Salary

  • Job Description: As a high school teacher, you will prepare your students with the skills and education that they need to succeed after graduation.
  • Earnings: BLS states that the median salary for all high school teachers was $57,200 as of May 2015. The lowest 10% earned $37,800, and the top 10% earned more than $91,000. While BLS does not tell us what the starting salaries and high end salaries are for high school teachers, we can surmise a number of things from this information.

First, teachers who are first starting out will earn closer to the low end salary of $37,800. Also, teachers who gain more experience and education will eventually earn higher salaries, up to $91,000.

You have to remember that salary level will vary widely based upon the part of the country. But generally, this data for high school teachers shows that teachers who have more experience and a higher level of education, including a Master’s in Education, will earn a higher salary over time.

  • Demand: Job demand for high school teachers is anticipated to be 6% by 2024, which is about average.

Kindergarten/Elementary School Teacher Salary

  • Job Description: These teaching professionals prepare young students to be ready for later education by providing them with education in basic subjects, including math, reading, and writing. To become a kindergarten or elementary school teacher, you will need to at least have your bachelor’s degree and a teacher’s license for your state.
  • Earnings: The BLS website reports that the median wage for these teachers is $51,640 as of May 2015. The lowest 10% of workers earned less than $34,000, and the top 10% earned nearly $80,000 per year. So elementary school teachers who have one or two years of experience and a bachelor’s degree will earn a wage of less than $34,000 in many areas, while those who have a higher level of experience and education can eventually earn up to $80,000 per year.
  • Demand: Job demand for these teachers is expected to rise by 6% by 2024. If you want to be considered for the most desirable positions, it is a good idea to earn your master’s in education.

Middle School Teacher

  • Job Description: Middle school teachers educate students who are 12-14 years old in most cases, and they help them to build upon what they learned in elementary school, and also to ready them for the more difficult curriculum in high school.
  • Earnings: The Bureau of Labor Statistics states that the median salary for middle school teachers is $55,860 per year. The top 10% earned more than $87,000 per year and the bottom 10% earned less than $38,000. Middle school teachers who want to earn a higher salary should eventually earn their master’s degree in education.
  • Demand: Job demand for middle school teachers is expected to rise by 6%. You can expect to find the best positions in areas of the country that are experiencing the most rapid growth. Also note that many growing, wealthy school districts want their teachers to have a master’s degree in education.

Special Education Teacher

  • Job Description: As a special education teacher, you will work with students who have a broad range of learning, mental, and physical disabilities that affect their ability to learn new information. You will need to adapt general education materials and to teach reading, writing, math and other subjects to students with these disabilities.
  • Earnings: BLS reports that the median salary for special education teachers was $56,800 in May 2015. The top 10% earned more than $90,000 and the bottom 10% earned less than $37,500 per year. Generally, special education teachers in high schools earn the highest wage: $58,500.
  • Demand: Employment for special education teachers will rise by 6% by 2024. Although enrollment for special education programs has dropped in recent years, it seems that more disabilities in children are being identified at a younger age. So there could be more demand for these jobs in the future.

Principal

  • Job Description: As a principal in a elementary, middle or high school, you are in charge of managing all of the school’s operations and also its daily activities. They also are responsible for coordinating curricula, overseeing the hiring and performance of teachers and other staff, and also providing a safe studying environment for students.
  • Earnings: The median salary for all principals in the US was $90,410. The top 10% earned more than $131,000 and the bottom 10% earned less than $59,000. This is one of the positions that you must have a Master’s in Education to obtain. The variance in salary is largely due to the location where the principals work, and their years of experience.
  • Demand: Demand for principals will increase by 6% by 2024. Some areas will see higher demand because there is growing enrollment due to more people moving to some areas of the US.

Educational Administrator

  • Job Description: You will oversee student services in a high school, college or university, as well as academics and faculty research. You also may manage college admissions, office of the registrar and student affairs.
  • Earnings: The median wage for educational administrators was $88,500 in 2015. The top 10% earned more than $174,000, and the bottom 10% earned less than $51,000. You must have at least a master’s degree to work in this field, and one of the degrees you may obtain would be a master’s degree in education with a specialization in educational administration.
  • Demand: Employment in this field is expected to increase by 9% by 2024, which is faster than average. It is important for more students today to earn a college degree to get ahead in life, so enrollment at many universities is rising across the country.

School Counselor

  • Job Description: School counselors help their students to better develop their academic and social skills to have better success in school and in life.
  • Earnings: Median salary in this field was $53,600 in 2015. The top 10% earned more than $87,000 per year and the bottom 10% earned less than $33,000 per year.
  • Demand: Job demand is anticipated to rise in this field by 8% by 2024.