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Salary Increase Calculator

The lifetime value of your salary bump.

Details

Results

Lifetime value of the bump
Immediate increase
Percent increase

Estimate only. Tuition and salary outcomes vary widely by program.

How it works

We take the difference between your before and after salary, then compound it with annual raises across your remaining working years for a lifetime value.

Compounding matters: a higher base grows with every future raise.

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A raise compounds for decades

The value of a degree isn’t just this year’s raise — it’s that higher base, growing with every future raise, for the rest of your career. A $22,000 bump at 40 can be worth several hundred thousand dollars by retirement once you account for normal annual raises on top of it. This tool projects that lifetime value.

It’s the other half of the ROI equation: big lifetime numbers can justify a steep tuition bill, while a marginal bump may not. Pair it with the ROI calculator for the full picture.

Good to know

FAQs

Why project lifetime value?

Because a degree raises your base salary for decades, not just one year.

What raise rate should I use?

3% is a common long-run assumption; adjust to your field.

Does this prove a degree is worth it?

It shows the upside; weigh it against cost in the ROI calculator.

Is this financial advice?

No — it's an estimate.