Their field of expertise usually matches the type of business.Įmployees that support and facilitate the work of revenue generators. What makes a position worthy of good bonuses and a high salary? The main two types of jobsĮmployees that are directly involved in generating revenue or profit for the organization. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned. People tend to confuse bonuses with commissions. You should be able to recover the costs in roughly a year or so. 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 Philippines costs anywhere from 223,000 Philippine Peso(s) to 669,000 Philippine Peso(s) and lasts approximately two years. Also from the diagram, 75% of people working in Engineering are earning less than 65,000 PHP while 25% are earning more than 65,000 PHP. Reading from the salary distribution diagram, 25% of people working in Engineering are earning less than 23,700 PHP while 75% of them are earning more than 23,700 PHP. 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 40,700 PHP per month, which means that half (50%) of people working in Engineering are earning less than 40,700 PHP while the other half are earning more than 40,700 PHP. Tweet Get Chart Link The median, the maximum, the minimum, and the rangeĮngineering salaries in Philippines range from 11,900 PHP per month (minimum average salary) to 79,600 PHP per month (maximum average salary, actual maximum is higher).
Electromechanical Engineering TechnologistĮngineering Research and Development Manager
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