More Chances with a Master’s Degree

   

Björn Knothe, personnel consultant of division one in Stuttgart, points out that it pays off to continue: “The starting salaries of Master’s graduates are higher than those of Bachelor’s graduates.” ...

Björn Knothe, personnel consultant of division one in Stuttgart, points out that it pays off to continue: “The starting salaries of Master’s graduates are higher than those of Bachelor’s graduates.” What needs to be considered, however, is that Bachelor’s graduates start their professional careers 2 to 3 years earlier and have, therefore, already earned money during that time. “They will, furthermore, benefit from salary increases, which results in comparable salaries in the end.“ Market studies have shown that Master students draw an additional 10 to 25 percent salary during their careers. These numbers, however, vary greatly from industry to industry.

Read the article here / only available in German

Author / Source: Oliver Schmale, Wirtschaftszeitung Baden-Württemberg No.1 March 2018

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