![]() Many people pursue higher education as a tactic to switch into a higher paying job. In most cases, a salary review is conducted once education is completed and the degree has been attained. You can't really expect any salary increases during the study period, assuming you already have a job. Is a Master's degree or an MBA worth it? Should you pursue higher education?Ī Master's degree program or any post-graduate program in Canada costs anywhere from 49,800 Canadian Dollar(s) to 149,000 Canadian Dollar(s) and lasts approximately two years. Also from the diagram, 75% of the population are earning less than 375,000 CAD while 25% are earning more than 375,000 CAD. Reading from the salary distribution diagram, 25% of the population are earning less than 76,900 CAD while 75% of them are earning more than 76,900 CAD. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.Ĭlosely related to the median are two values: the 25th and the 75th percentiles. ![]() The median represents the middle salary value. The median salary is 137,000 CAD per year, which means that half (50%) of the population are earning less than 137,000 CAD while the other half are earning more than 137,000 CAD. Salaries in Ontario range from 33,900 CAD per year (minimum salary) to 599,000 CAD per year (maximum average salary, actual maximum is higher). ![]() Tweet Get Chart Link The median, the maximum, the minimum, and the range
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