Counting the Money: Government Pay is Better Than The Private Sector
There’s still nothing like a government job. According to CNN Money, the Congressional Budget Office put out a report to compare which one’s better: a government or a private sector job. While income is dependent on education level, for the most part, working for the government is the way to go.
For those of you considering making a switch between the two sectors or looking for a job wherever you can find one, it’s important to note that it all boils down to benefits. For those with a high school diploma, government jobs not only pay 21 percent more than those working in the private sector, they have a substantially superior benefits package that is worth about 72 percent more.
Employees with a bachelor’s degree can expect to each about the same hourly wage in both the federal and private-sector. But federal workers make about 46 percent more from benefits. An employee with a master’s degree will also fare better working in government.
When it comes to those with advanced degrees such as law degrees and PhDs, the numbers switch. Government workers with law degrees and other higher education degrees make about 23 percent less than they would in the private sector and the benefit packages are about the same.
Unfortunately for those looking specifically for a government job, the competition is stiff. Civilian government employees make up less than two percent of the US workforce. If you want to try your luck, http://www.usajobs.gov/ is the best place to start.