I entered the workforce with a Bachelor of Arts and a Diploma in the field that I work in. Recently, the university where I obtained my Diploma have expanded the diploma program into a bachelor program. Since I already have a bachelor degree, all I needed was to take another 7 courses to obtain a second bachelor degree.
The new job that I started in 2012 has a benefit where they will pay for any education as long as it is related to my work. Whenever I mentioned my studies to my friends, I always get this question: If you are studying more now, will you be getting a higher salary once you are finished with the degree?
My answer is always: No, I will not get a raise after I obtained the degree.
Most of them would then follow up with a comment like this: What? No raise? Then why are you doing it? You are wasting your time!
My answer to those who asked would be:
First, my work is paying for it. Each course cost about $700 – $800 (books included) and I need to take 7 courses to finish. My work is actually paying me an extra: $4,900 – $5,600 (it is not even a taxable benefit, they just pay the tuition for me) on top of my salary so that I can further my education and receive a higher qualification.
Second, with a higher qualification, if I ever want to leave my workplace or if I get laid off, I have that extra piece of qualification to negotiate for a higher salary in my next job. Besides, you never know when you need it, it might just put you ahead of your competition.
In June this year, I have finally completed all my 7 courses! I didn’t want to risk dragging on my studies in case that benefit changed so I doubled up my course load in the past year and finally completed my second degree!
If you were in the same situation as I am, would you have gone ahead and still pursue the second degree?
~ The Money Pincher ~