Getting a graduate degree will almost guarantee that you will receive a salary increase. Often, you will also get a promotion to a more stable, higher ranking position within your organization. There are a few things to consider, though, before you make the leap.

Consider the Timing

Timing is everything when you're trying to get your graduate degree. Is now really the best time to get a graduate degree? Do you have time in the midst of your busy schedule to really go after the degree as you should or will school always be coming second to something else?

A Free Degree

Often, people go back for a graduate degree almost solely because their company will pay for it. Many teachers work at underprivileged schools in order to get their degrees financed. They also get a pay raise, but the biggest incentive is the free degree that may open up new job opportunities. The disadvantage is that your current employer will want you to promise to stay for a certain amount of time or they won't pay for the degree. If you do leave the company early, you'll owe them the cost of at least part of your tuition and sometimes even a hefty interest payment. If you plan to leave soon, reconsider taking the free degree.

Get Some Real World Experience First

Many people go straight from undergraduate into graduate school. While this can be a good idea for some people, it's usually best to get some real world experience first so that you know what you want to get a degree in. Maybe you end up not liking your profession and need a career change. Getting a graduate degree will be a great way to make the transition.