I have had many inquiries from students studying Geology, or those considering studying Geology, wanting to know whether it is worth their while doing a Masters, once they have completed their Bachelors in Geology.
From what I can see, a Masters in Geology degree is required for major professional entry level positions, however having a Bachelors in Geology degree should be enough for certain entry level positions. However as is the norm across all industries, generally the best jobs will go to the best qualified applicants.
Salaries can also be dependent on this, and for graduates starting out they can find that the better qualified they are, the more they can expect to earn. Salaries also vary tremendously from region to region so your salary will be affected by where you are working. Salaries are also dependent on the company you work for, with some companies paying significantly more than others. One also needs to take the company benefits that have been offered into consideration. There are also other factors that need to be taken into consideration, such as your negotiation skills. Some job seekers are just better at negotiating a higher salary than others. I have seen some really highly qualified professionals over the years who are earning very low salaries, simply because they have not opted to ask for more.
So do Geologists who have completed a Master, earn much more than those with just a Bachelors?
According to the data from our salary survey, Canadian Geologists with 5 or less years’ experience, who have studied a Master’s Degree, are earning slightly more than those with just a Bachelors. However the difference in salary is not that significant. The difference was slightly higher in those on the 75%ile, than on the lower end of the scale.
From what I can see, the main difference between Geologists who have completed a Masters and those with just a Bachelor’s degree, is not going to be so much around what they will be earning, but rather around suitability for job openings. For many positions as a Geologist, you will need a master’s degree.