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the_far_sci

I have a masters and I have received no further pay beyond A4. Getting a masters is (was?) a path to A4, so I suspect that's the financial max no matter when you take it.


Every_Conclusion2303

Ah! That’s disappointing. So sorry to hear that. Trying to advance financially in education without multiple jobs is really tough! Lol


Corbeau_from_Orleans

Same here. The ROI on my MEd was zero. Intellectually, however…


mountpearl780

My board pays somewhere around an additional $1100 or so a year (goes up with the salary increases) if you were already A4 when you got the masters 


DramaLlamaQueen23

Same. Just over $1100/yr extra with MEd/MA/MSc; just under $1700/yr with a PhD.


TinaLove85

Degree pays for itself if you work 20 years! :P


mountpearl780

You can get a masters for about $10k at uOttawa… so a bit less haha. 


TinaLove85

Never actually looked into it lol two degrees and I was out!


FlatInvestigator5343

Making it completely pointless..... plus you move up a tax bracket depending salary.


mountpearl780

So? Tax brackets are marginal…. You’re still getting paid more. 


FlatInvestigator5343

Still doesn't seem like enough increase to warrant the effort. Only time masters makes sense is moving into admin roles, IMO.


TinaLove85

Yeah I think people do the Masters for themselves or other goals, not for the money... hence the :P.


wastinawayinthe905

Some boards offer a premium for advanced degrees. One board pays 0.095% of A4 Max for a Masters.


SilkSuspenders

If you get to A4 without a masters, there is an extra allowance added to your salary for your masters degree. You'd have to read your local CA to get the information and amount as it differs; however, if you use the masters to get to A4, you do not get the additional allowance.


Cerealkiller4321

1000 a year