Salary - Bachelors vs Masters vs Doctoral Degrees

I came across an interesting article on how much more income you will earn by having Bachelors and Masters Degree, instead of just Bachelors degree. And also how PhD can increase your income. Read more

Top 20 In-Demand Jobs with Salary Range

Current economy in U.S. is not looking good. Stock market is getting is so volatile and impact of U.S. economy can be felt all over the world. Even though there are massive lay offs in many companies, here’s list of In demand top 20 jobs with salary range as reported by Business Week magazine

1. Sales representative/business development ($65,000-$75,000)
2. Software design/development ($85,000-$95,000)
3. Nursing ($35,000-$45,000)
4. Accounting & finance executive ($65,000-$75,000)
5. Accounting staff ($45,000-$55,000)
6. Networking/systems administration ($65,000-$75,000)
7. Administrative assistant ($35,000-$45,000)
8. Business analysis (software implementation) ($85,000-$95,000)
9. Business analysis (research) ($65,000-$75,000)
10. Finance staff ($65,000-$75,000)
11. Project management ($85,000-$95,000)
12. Testing/quality assurance ($65,000-$75,000)
13. Product management ($85,000-$95,000)
14. Database administration ($75,000-$85,000)
15. Account/customer support ($35,000-$45,000)
16. Technology executive ($115,000-$125,000)
17. Electrical engineering ($65,000-$75,000)
18. Sales executive ($85,000-$95,000)
19. Mechanical engineering ($65,000-$75,000)
20. Government contracts administration ($55,000-$65,000)

Average Master’s Degree Salary - 13 U.S. Cities

Couple of days back, one of the Happy Schools Blog reader had sent me email asking to explain few steps to find the salary range for the position she’s going to interview next week. That’s an important step in job search - finding the salary range offered for a position before attending the interview. HR person is definitely going to ask what is the your salary requirements. Not being aware of the Salary Negations techniques is a big mistake during the job interview process. Here’s a list of 9 salary negotiation mistakes made by students, as the result, they end up getting paid few thousand dollars less that what they are worth.

Whats your worth?

Getting paid $5000 to $10,000 less that what your worth will have huge impact in your career in future years. I had written about Cost of living calculator in different cities in U.S. from the cost of living article, its clear about the impact of salary in different cities.

Following list will give an average salary for jobs that require Masters Degree, or average salary in 13 different U.S. Cities people get who have Master’s degree.

Someone with Master’s degree in New York City gets $32,000 more when compared to Salt Lake City. So, cost of living factor plays a huge role in deciding how much the position is worth.

Can I save more money working in New York?

Next question will be - does that mean someone working in NY will save more money than someone working in Salt Lake City?

Answer is yes and no. Apartment rent would cost $1500 in NY, where as same apartment will cost $500 per month in Salt Lake City. Companies usually adjust the salary range based on the location where position is being offered. End of the month amount of money saved will be equal and again it depends on the lifestyle too.

Source of above Salary Data is Indeed.com. But, finding high paying job is not easy task, but involving in professional networking and building the contact will help to get information about Salary, job openings. Here’s an guide to use Linkedin for effective and most powerful way to search for jobs.

I plan to write few more article about Average Salary for Software Engineers in different cities in U.S. and how much will be take home pay. Earning $80,000 per year is not an big issue, at the end of the day, how much can a person save per month is the topic to be discussed.  To stay informed, subscribe to email updates from this blog. So, what do you think of this article? Leave few words as comments….

10 Jobs That Start at $50K+

Almost everyone applying for Graduate School in U.S. at the end wanted to know how much they can earn after completing Graduate School. To gen an idea of salary for Entry Level Jobs, here are list of Top 10 Jobs that will pay more than $50,000 per year.

1. Investment Banking Analyst. $59,084

2. Business Analyst, Computer Software. Typical Starting Salary: $50,727

3. Forensic Computer Analyst.
Typical Starting Salary: $51,852

4. Junior Associate Attorney.
Typical Starting Salary: $52,678

5. Physical Therapist.
Typical Starting Salary: $52,573

6. Nurse Practitioner (ARNP).
Typical Starting Salary: $67,166

7. Electrical Engineer.
Typical Starting Salary: $54,401

8. Software Engineer. Software engineers design, write, and test computer programs. Computer networking and information technology are hot fields that are here to stay.
Typical Starting Salary: $56,795

9. Pharmaceutical Sales Representative.
Typical Starting Salary: $51,104

10. Veterinarian. Do you love animals?
Typical Starting Salary: $59,084

Source : Yahoo Hot Jobs

Education Requirements to get Above listed Jobs

But the next question is, how much can I save if I earn $50k per year. Well, it depends on where you live. Cost of living is a major factor in U.S. For example, 1 Bed Room Apartment rent in New York will be around $1500 per month, whereas same size apartment in Texas, Florida will be less than $600. But, in general, Salary will be more in New york and other metro areas where Cost of living is high.