Video Transcript

Jacob, Host at Logistics Degree:
Question: Do you think there’s a large difference between the salaries someone’s going to make if they have a bachelor’s degree versus in getting that master’s degree in supply chain management or logistics?

Corben, Supply Chain Manager:
Answer: When you work for a big company, they oftentimes have to check boxes before they can promote you. That’s not always the case, and it depends on the company. But if you don’t have your MBA, you may not be able to be promoted if you don’t have your bachelors that are especially the roadblock. So that is a way to open the door of possibility for you to move up. It’s no guarantee that you will, though. Contrast that, though, with what I do. Freelance consulting. I actually never get asked whether I have a degree. Now it’s published like, hey, they can see that before they hire me. But they never say, you know, what was your GPA or what was this? It’s like they don’t care. They care about, can you get the job done? And I think as a workplace in general, our culture is shifting less from show your piece of paper and more to show me that you can just get it done. And can you do it today by chance? And if so, then they want to hire you right now.

Nathan, Logistician:
Most supply chain professionals with 3 to 5 years of experience at a high level can easily expect $100,000. And I think a master’s degree should increase your salary by 20 to 30%, potentially 50% more long term. The master’s degree is not required, but if you feel like your career is capped and a master’s degree can kind of help unlock the next tranche of compensation.

Alexander, Supply Chain & Procurement:
I was working full time at 4 as a supply chain analyst at this company 2 and 1/2 years ago, and that’s also when I started my master’s degree, too. So I was working full time and also doing my master’s full time. I was at one salary at the beginning of my master’s at the end of my master’s. I had a $20,000 increase. Wow! So I think, yes, getting a master’s degree definitely helps you when it comes to salary. And I think that goes with really any industry. I think it also kind of shows that you’re willing to take an extra step to be a little bit more focused in a specific area of supply chain. I think that’s where the money more money comes from, just that more specific knowledge in a certain area.