The median income for training professionals is $70,000 to $90,000. This is for the entire profession and includes directors, managers, specialists, etc.. The median annual earnings of training and development specialists were $47,830 in May 2006 (source 2006 Department of Labor). Salary information is divided into two sections: federal government and industry. Federal government salaries are published, and well-defined, whereas industry salaries are not always published, less defined, and have greater variation. A rule of thumb is to use the government salary tables as a rough baseline for comparison. Salary varies based on education, skill, experience, and performance.
So what does your ISD Masters Degree or one of its Certificates get you? Consider the following:
- Those with an advanced degree or pursuing one have a significant salary advantage with median incomes exceeding $70,000.
- In the federal government:
- Masters Degree with no prior experience earns about $8,800 more per year than without the degree and no prior experience.
- Bachelors Degree plus a Certificate plus a few years experience can earn as much as those with a Masters Degree
- Masters Degree with experience can earn over $10,000 to $20,000 more than without the degree
- Expect to increase your salary by at least $10,000 with a Master’s Degree
Security Clearances: Security clearances are a big deal for the US defense industry. Delays of up to 2 years in processing applications has made them a major bottleneck for many defense firms, and led to premiums of $20,000 - $30,000 for employees who do possess one.
Note: for latest annual earnings information from the Department of Labor go to http://www.bls.gov/oco/ocos021.htm
Link to www.salary.com