Will a masters degree at 24 help to increase my salary?

It is my plan that after a quantitative masters degree, i would be able to switch my career into finance and get more salary. If you're talking about the same company/job that im working at now, they don't care if i got a masters lol

It does help to increase your salary but.... not by a lot :)

But the benefits are you acquire more knowledge :)

Most of my friends work in a ministry (I have friends working in Stat boards too but not that close to ask about salary, even a rough gauge). What I gathered though was masters DID NOT help to increase salary but my friends still went ahead to expand their knowledge, broaden their perspectives and hoped that their masters experience could value add to their work experience.

Those who went further to obtain PhD saw an increase in salary.

I think ultimately you need to find what interests you and be able to sustain that interest to survive well in the working world.

All the best! :)

Hello there!

If you are planning to work in ministry or stay board, do consider researching for these organisations’ scholarships! Scholars tend to have a career roadmap planned for them, hence they climb the ladder quite quickly too.

People would usually go for Masters to network with peers and professors, instead of hoping for a salary rise. Just my two cents!