• About Us
  • Privacy Policy
  • Cookie Policy
  • Terms and Conditions
  • Contact us
Business Help and Advice
  • Home
  • Business Advice
  • Consultancy
  • Finances
  • HR
  • Marketing
  • Sales
  • Technology
No Result
View All Result
  • Home
  • Business Advice
  • Consultancy
  • Finances
  • HR
  • Marketing
  • Sales
  • Technology
No Result
View All Result
Business Help and Advice
No Result
View All Result
Home Technology

The Advantages of Obtaining a Doctorate Degree in Education for Business

2 years ago
in Technology
Reading Time: 5 mins read
The Advantages of Obtaining a Doctorate Degree in Education for Business
458
SHARES
1.8k
VIEWS

Understanding the Return on Investment for Your Educational Degree

When considering your educational investments, it’s important to take a business-minded approach. Just like a business person would, you should analyze the potential return on investment for the money you spend on obtaining a graduate degree.

Businesswoman with Doctorate Degree

Although the field of education may seem far removed from corporate America, the same calculation applies. While many educators with just a Bachelor’s degree face underpayment, certain educational paths can help alleviate this issue.

Obtaining a doctorate degree is one such path. In this beginner’s guide, we will explore how you should view your graduate coursework as an investment.

Start by Calculating the Expenses

Regardless of potential raises and improved opportunities, understanding the cost and yield potential is crucial. The more you invest in your graduate degree, the lower your financial gains will be.

Here are some questions to guide your analysis:

  • Will you need to take out a loan to pay for your tuition? Loans increase the overall cost of your education as they require you to make interest payments in the future. Think of it in the same way as a downpayment on a home. While a large downpayment reduces your current bank account balance, it saves you more than that eventually. The same principle applies to obtaining a graduate degree. Paying for some or all of it in cash significantly improves your degree’s return on investment (ROI).
  • Does your school district provide financial assistance? Knowing whether your school district will contribute to your graduate school expenses is essential in determining the financial feasibility of pursuing a degree. Some districts offer partial or full tuition coverage for teachers.
  • How will you leverage this degree? Graduate degrees in education can lead to administrative or university-level positions, often accompanied by higher salaries. However, it’s important to note that not all graduate school experiences result in a shift to administrative roles. If you plan to stay in the classroom, you may still receive a raise, but it won’t match the potential increase achieved through administration.

Keep in mind that the longer you have left in your career, the better your ROI will be. This is not to discourage older educators from pursuing further education. Clearly, those reading this guide understand that learning encompasses more than just profitability.

However, it remains a relevant consideration. If you are a twenty-something teacher debating graduate school, there are compelling reasons to take the leap sooner rather than later.

Benefiting from Pay Bumps

In most states, teachers receive annual raises known as “bumps” or “steps.” The longer you teach, the higher your salary becomes. While these increases may not be substantial, they provide a comfortable living as your career progresses.

Unlike corporate jobs, these steps are non-negotiable at an individual level. Teacher unions negotiate for raises and benefits, but these discussions occur slowly on a district-wide scale.

If you desire an independent salary increase, pursuing additional education is the only solution. Most districts offer raises for teachers who obtain a master’s degree and another raise for earning a PhD.

While these raises may not afford you a luxury lifestyle, they accumulate over time.

PhD

Enhancing Your Credentials

Achieving a PhD elevates your standing within the academic community. With this degree, you become more eligible to publish in academic journals and conduct research. Most universities require a doctorate for hiring teachers.

If your goal is to transition into higher education, obtaining a PhD becomes a critical and ultimately mandatory step.

Acquiring New Skills

Pursuing a PhD also allows for significant skill development. The information provided to aspiring teachers has likely evolved considerably since your university education a decade ago.

This doesn’t necessarily imply that the current information is superior or that you must entirely reinvent yourself as an educator after obtaining your doctorate. However, it does afford you the opportunity to learn, adapt, and grow.

Ultimately, this continuous growth represents the ongoing responsibility of educators everywhere. As a teacher, you should always seek opportunities to become a student yourself, regardless of financial rewards.

The Conceptual Difference

Viewing education through a business-focused lens poses a challenge due to the conceptual disparities between the two. A business thrives on growth, a notion largely absent in the field of education. As a teacher, your growth isn’t fueled by improving your bottom line; instead, it stems from a genuine concern for your students and a desire to provide them with the best possible instruction.

While most teachers who obtain their doctorate will eventually see a financial profit, it may not be enough to afford luxury items. Nevertheless, it positively impacts their overall financial situation.

Additionally, it is crucial to remember that regardless of potential monetary rewards or increased social perception, enhancing yourself as a teacher is always valuable. If you have an interest in pursuing a doctorate, don’t hesitate. Identify the most affordable path to achieve your goals, and leverage your new skills to enhance your students’ education.

Tags: AcquiringBusiness Benefitsbusiness technologybusiness telecom servicesbusiness telecommunicationBusiness VOIPbusiness voip providersDoctorate Degreeeducationsmall business voipvoip for small businessvoip providers for businessvoip services for businessvoip systems for small business
Share183Tweet115Share32Pin41
Previous Post

Promoting a Well-Rounded Lifestyle: Incorporating Work-Life Balance in Recruitment Strategies

Next Post

A Comprehensive Guide to Understanding Air Powered Pumps

Next Post
A Comprehensive Guide to Understanding Air Powered Pumps

A Comprehensive Guide to Understanding Air Powered Pumps

No Result
View All Result
  • About Us
  • Contact us
  • Cookie Policy
  • Home
  • Privacy Policy
  • Terms and Conditions

© 2023 businesshelpandadvice.com - We are the premier website for business engaging content, focused on helping business owners and decision-makers launch, build, and expand their businesses.

No Result
View All Result
  • Home
  • Business Advice
  • Consultancy
  • Finances
  • HR
  • Marketing
  • Sales
  • Technology

© 2023 businesshelpandadvice.com - We are the premier website for business engaging content, focused on helping business owners and decision-makers launch, build, and expand their businesses.


This website uses information gathering tools including cookies, and other similar technology. We use cookies to personalize content and ads, to provide social media features and to analyze our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. By clicking “Accept”, you consent to the use of ALL the cookies.
Do not sell my personal information. Ad and Cookie Policy
Cookie SettingsAccept




Manage consent

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. These cookies ensure basic functionalities and security features of the website, anonymously.
CookieDurationDescription
cookielawinfo-checkbox-analytics11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics".
cookielawinfo-checkbox-functional11 monthsThe cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional".
cookielawinfo-checkbox-necessary11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary".
cookielawinfo-checkbox-others11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other.
cookielawinfo-checkbox-performance11 monthsThis cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance".
viewed_cookie_policy11 monthsThe cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data.
Functional
Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features.
Performance
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Analytics
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc.
Advertisement
Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. These cookies track visitors across websites and collect information to provide customized ads.
Others
Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet.
SAVE & ACCEPT