This article will give you an insight into Master
degree holders’ salary in Nigeria.
Keep reading below to find out.
Master Degree in Nigeria
Nigeria is a country with so many opportunities. In
fact, Nigeria has been said to have the potential to become one of the largest economies. Although, this was said looking at its potential richest attributed to
its abundance in crude oil.
Upon showing great potential of wealth and an
expanding economic base, many Nigerians still suffers from poverty.
According to some researches, more than half of the
population of Nigeria suffers from extreme poverty; having to live with less
than 1 dollar a day. This is quite an alarming situation that shows that the
economy has truly been affected.
It is worth saying that there is a strong relationship between the employment rate and the state of the economy. This is because the state
of the economy would determine the number of available jobs for graduates.
No doubt, the cripple economy has led to the collapsing of many existing companies in Nigeria. So many Nigerians have lost their
jobs. This ugly situation of Nigeria does speak ill of the faith of graduates in
the country.
As a result, so many graduates find it difficult to
get profitable jobs.
Amidst this tough period, some people are still
enjoying a fairer part of the economy of Nigeria. They are able to get a
profitable job and live big.
Amidst this tough time, there are companies still
thriving and are able to accept a large number of applicants as employees.
With a small portion of lucrative jobs in Nigeria,
the fight increases among graduates. There is a critical need to get more qualified. Hence, the need for a Master’s degree.
Master Degree Holders and the Labor Market of Nigeria
Master degree holders can be found in different
parts of Nigeria.
As it is part of life, master degree holders find
themselves in different situations.
These conditions or situations are presented below;
·
Employed by a Big Establishment
·
Employed by a Small Establishment
·
Self –Employed
·
Jobless
Master degree holders’ salary in Nigeria is
influenced by several factors and they are;
1. Employers
or Industry they offer their services to
2. Course
of Study
3. Career
Path
4. Acquiring an additional certificate such as being professional certified.
Master Degree Salary in Nigeria
This article has been purposed to reveal to you
master degree holders salary in Nigeria.
As said before, master degree holders find
themselves in different situations. This, therefore, influences the master's degree
holder salary in Nigeria.
1. Master Degree Holders Employed in Big Establishments:
Establishments found in the following industries in Nigeria has been said to be performing very well in Nigeria. These industries include oil and gas, food
processing, banks, construction, medicine, telecommunication industry, etc.
Master degree holders in these industries would
likely earn between N120, 000 to N2, 500, 000. This is considered to be the
high end.
2. Master
Degree Holders Employed in Small Establishments:
Small establishments include labs, secondary
schools, medium-sized hospitals, medium-sized trading firms, etc.
Master degree holders’ salary in these small establishments would be likely between N50, 000 to N200, 000
3. Master Degree Holder who are Employed not According to their Certificate or Qualification:
There are some master's degree holders who offer
services that are not related to their qualifications. These master degree
holders do not really get paid as master degree holders. They are rather paid
according to the services they are offering. Some of these places include;
factories, cyber café, hotels, etc.
They are likely to earn N20, 000 to N70, 000. This
is considered as the lower end.
Most master's degree holders are considered to be
underpaid. Only a few are paid a high amount of salary a month. The labor market
would only be highly favorable if the economy flourish.
That is pals on “master degree holders’ salary in
Nigeria
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