• Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Alterables

Free Content for Your Website

Home / Articles / How to Make Money in the Education Field

How to Make Money in the Education Field

Last Updated on August 1, 2022
by Tara Singletary

This content is licensed under CC BY 4.0. If you use this content please attribute Tara Singletary via https://alterables.com as a contributor of your adapted content.

whiteboard
Image licensed via CC0 by Rudy and Peter Skitterians
Education isn’t known for being a high-paying field. Sit down with a group of teachers, and they will probably mention their substandard salaries. While public education teachers might not be wealthy, there are ways to make money as an educator.

Learn about ways to increase your earnings and enjoy a lucrative career in the field of education.

Earn a Master’s Degree

While a bachelor’s degree is the entry-level requirement for teaching positions, earning a master’s degree is worth the time and money needed to complete an advanced degree.

According to a 2015 report from Georgetown University, the average person aged 25-59 with a bachelor’s degree in education earned $45,000 per year.

The average yearly salary jumped to $60,000 for individuals with a master’s degree in education.

Salaries were especially high for those with master’s degrees in physical and health education; these individuals earned an average of $67,000 annually.

The difference in salaries between bachelor’s degree holders and master’s level educators indicates that schools value teachers with an advanced education, and they are willing to pay more for these highly-trained professionals.

Pursue a master’s degree in education, and you will be better equipped to meet your financial goals.

Seek a Career in Administration

If you are interested in advancing your career and becoming an administrator, you will enjoy significantly higher annual earnings than the average teacher does.

According to the Bureau of Labor Statistics (BLS), the average elementary school teacher earned $55,490 per year in 2016, whereas the typical high school teacher had a yearly salary of $58,030. Salaries jumped to an average of $92,510 for school principals.

Other administrative positions, such as superintendent and curriculum director jobs, are likely to offer an attractive salary; the BLS has reported that general education administrators working in elementary and secondary schools earned an average of $95,390 per year in 2016.

Most administrative jobs require a minimum of a master’s degree in educational administration or leadership, and some positions require a doctoral degree.

Choose an Alternative to Teaching

Teaching is not the only job available in public education, and you can increase your earnings significantly if you choose another education career, such as school psychology or guidance counseling.

According to the BLS, the average psychologist working in an elementary or secondary school setting earned $75,670 per year in 2016. Guidance counselors working in these settings were also relatively well-paid, earning an average of $62,100 annually.

The school psychologist and guidance counselor positions both require the completion of a master’s degree and internship, and the effort put into completing these requirements certainly pays off in the form of a higher salary.

Pursue a Career in a College or University Setting

If you want to enjoy a lucrative career as an educator, stepping outside of the sphere of elementary or secondary education and pursuing a career as a college or university instructor might be a viable option for you.

In addition to teaching courses in their specific area of expertise, college and university instructors typically conduct research and publish their findings in scientific journals. According to 2016 data from the BLS, the average college or university instructor earned $75,430 per year.

Some subject areas were more lucrative than others; law teachers working in post-secondary settings earned an average of $111,210 per year, and those teaching in the area of health specialties earned $99,360.

Salaries were also higher for instructors who taught engineering and economics, at $97,530 and $95,770 per year, respectively. These sort of teaching positions in colleges and universities typically require the completion of a doctoral degree program.

By obtaining a doctoral degree in your area of expertise, you can become a teacher in a college or university setting and earn a lucrative salary as an educator; other degree programs, such as master’s degrees in school counseling or school psychology, can also prepare you to earn a higher salary in an educational setting.

Salaries are also higher for teachers who obtain a master’s degree and for principals and other administrators, who also typically have at least a master’s degree in education. It seems that most of the lucrative career opportunities in education are available to those who pursue an advanced degree.

Related Articles

  • happy dog running on the beach
    Switching Your Dog to A Raw Diet Can Save You a Lot of Money
  • Child and dog at veterinarian's office
    How to Become a Veterinarian
  • How Much Money Should You Have in Your Emergency Fund?
  • standardized scantron test
    All About the ASVAB Test
  • Take Paid Surveys Online For A Great Way To Earn Money Online
    Take Paid Surveys Online For A Great Way To Earn Money Online
  • Earn Money Fast - 70 Ways to Make Quick Money Today
    Earn Money Fast - 70 Ways to Make Quick Money Today

Filed Under: Careers
Tagged With: career, education, making money

This content is licensed under CC BY 4.0. If you use this content please attribute Tara Singletary via https://alterables.com as a contributor of your adapted content.

Primary Sidebar

About Author

Tara Singletary

I am an assistant Scout leader for a Girl Scout troop. I also am involved in other youth activities assisting at-risk teens.

Homepage

More Articles by This Author

- The History of Scouting

Recent Articles by All Authors

  • How Does an Aquarius Man Test a Woman?

    Relationships can be tricky, and when you’re dating an Aquarius man, you might have your work cut out for you! Aquarius men tend to be confusing and unpredictable. Read more… →

  • The Best Bullet Journal Supplies to Use When Starting Out

    This guide gives you great ideas about the best bullet journal supplies for beginners that will make a difference in your routine. Read more… →

  • 15 Powerful Signs of Male Attraction

    Learn how to spot if a guy is attracted to you by looking out for these 15 powerful signs of male attraction. Read more… →

  • Top 10 Signs That Your Soulmate is Thinking About You

    Soulmates share a particular affinity — their souls gravitate towards each other. Because of that, there are signs your soulmate is thinking of you that the universe sends your way. Read more… →

  • How To Shuffle Tarot Cards

    Getting used to shuffling tarot cards is an essential part of learning how to read the cards. It's important not to get lazy and use one method all the time. Read more… →

#1 RECOMMENDED REGISTRAR

Popular Domains for just 99 Cents at Namecheap!

As an Amazon Associate I earn from qualifying purchases.

Footer

Alterables Info

  • Blog
  • Privacy Policy
  • Contact Us
Mailing Address
9164 Eastchase Parkway
Suite 127
Montgomery, AL 36117
334-245-4316

Redland Media Brands

  • Yard and Garage
  • Just About Cyprus
  • Scout It Up
  • Generators List
  • RSS

For Publishers

  • Publisher Terms of Service
  • Frequently Asked Questions

For Authors

  • Author Terms of Service
  • Submission Guidelines
  • How to Become an Author

© 2018-2022 Alterables.com