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Projected Government Earnings Guide

Projected Government Earnings Guide

Kyle Stone | Editor

You’ve heard that your base salary is largely determined by your education level – but did you ever wonder exactly how much education matters? If you’ve got enough smarts, it shouldn’t matter whether or not you have formal training – right?

Wrong. At least, it might not be so simple. As job scarcity continues to drive more competition to each open position, Uncle Sam is hiring more employees with strong educational backgrounds. Because employees with formal training are increasingly preferred, the relationship between compensation and education is becoming even more prominent across different sectors of the economy.

Why Degrees Matter

• Depending on industry and specialty, pay increase per degree ranges from 10% – 82%. While this percentage is an average, and not a guarantee, it is quite reassuring for those who are simply not able to make ends meet with their current salary
Return on investment of tuition within 3 to 5 years. Today’s employees are much less likely to accumulate long-term debt, thanks to better education reimbursement and bonus pay programs.

What Is Changing?

One particularly innovative new initiative is providing tuition support in exchange for public service. I’m predicting that we’ll see a lot more initiatives like this one over the next couple of years.

The key industries which have been the major focus of the government transition all require higher levels of education.

More Resources
Degree Center
Transition: Hottest Jobs, Majors and Agencies
Uncle Sam Wants MBA Grads

Median Salary by Degree/Major Subject – Employer Type: Government – Federal
<img src= “http://govcentral.monster.com/nfs/govcentral/attachment_images/0004/8796/payscale_degrees.jpg?1227034133”>


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  • Bald-eagle-head_max50

    McConnell

    almost 6 years ago

    354 comments

    PQGary, your insight is helpful here. I'm interesting in seeing how hiring practices at the federal level will change once the Baby Boomers all retire. At that point, I wonder which will matter more: education, or experience.

  • Photo_user_blank_big

    Account Removed

    almost 6 years ago

    A degree is great when it is in your back pocket, but I've seen many selection panels and your degree will most often be trumped when measured against someone with experience. IWith OPM dumping the time in grade requirement, agencies going to pay for performance, relaxed qualification requirements for positions and the like in this race for talent... the tight market for competition is about to burst wide open and make those statistics above (from a very limited scope I might add) look very differnet.

  • Iceage_max50

    sqrat

    almost 6 years ago

    44 comments

    Wahoo hope mine pays off too!!!!

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