A headline in a local newspaper read “Want higher salary? Get master’s degree”
Woe is me, for a master’s I possess not. The reporter wrote based on a ministry of manpower study which I tried in vain to locate. So I can’t compare what was implied by ministry versus what was implied by the newspaper reporter.
The reporter wrote: “Getting a master’s degree is the most financially rewarding – with each year of study, wages climb by 23.1 per cent. It even beats getting a PhD, which will earn one a wage hike of only 14.7 per cent.”
I have no problem with the statistics. If you count an MBA as a master’s then it is clear why this is true. Finance professionals earn astronomical pay compared to academics. Along the way, highly successful managers like to get their MBA. My point being, these people earn more before getting their masters and not the other way around.
Here’s a local version of the news report.