Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. The decision really depends on your situation and experience among many other factors. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment. 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 Costa Rica costs anywhere from 11,800,000 Costa Rican Colon(s) to 35,400,000 Costa Rican Colon(s) and lasts approximately two years. Also from the diagram, 75% of the population are earning less than 6,760,000 CRC while 25% are earning more than 6,760,000 CRC. Reading from the salary distribution diagram, 25% of the population are earning less than 1,370,000 CRC while 75% of them are earning more than 1,370,000 CRC. 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 2,460,000 CRC per month, which means that half (50%) of the population are earning less than 2,460,000 CRC while the other half are earning more than 2,460,000 CRC. Salaries in Costa Rica range from 597,000 CRC per month (minimum salary) to 10,500,000 CRC per month (maximum average salary, actual maximum is higher). Tweet Get Chart Link The median, the maximum, the minimum, and the range
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