In the last post, we talked about the impact of results on your earning power. In this post, another factor that can enhance your earning power will be reviewed. Recall that working hard without a commensurate increase in earnings always leads to frustration. During my MBA course, I met a man who has remained a great friend ever since.
This man spent 28 years in one of the first generation banks in 🇳🇬. He joined the bank as a school certificate holder. In his 28 years, he became a graduate of banking and finance. He qualified as a chartered accountant and a chartered banker, he earned a law degree, and also went to law school. I was inspired the day he told me his story. Definitely, these additional qualifications increased his earning power while he was in the bank.
An increase in earning power is obtained when you add more educational qualifications. There may be exceptions, but more often, your added qualifications helps you to negotiate for better offers. If you finish as an accounting graduate and you are working as an accountant, you must not waste time studying to become a chartered accountant. An officer in the HR department should pursue SHRM, SPHR or other similar certifications.
A sales and marketing professional should work towards a NIMN or CIM-UK certification. A supply chain officer should search for CIPS. Any money spent to earn more degrees or professional certifications is an investment which will yield returns through your earnings. Don’t work hard alone, take these other steps such as having outstanding results and acquiring additional qualifications.
Watch out for the next post.