A career in education can be rewarding, but you probably won’t get rich off your teacher’s salary alone. However, there are some great ways to fatten your piggy bank while keeping your day job; you just have to seek them out.
Most teachers have evenings, weekends and summers off. This is the perfect time to pursue some money-making possibilities. Teachers can also get extra money on the job by taking on additional responsibilities. Below are some of the simplest ways to earn some extra cash in teaching.
Consider tutoring students outside of school hours. This can be done on a freelance basis — out of the convenience of your own home, school or student’s house. Some schools pay staff to work for school-sponsored tutoring programs. In this case, a master’s degree in education could give you the edge over your colleagues.
Teachers get an annual salary even though many don’t work in the summer. Opting to teach summer school can double your monthly paycheck during the summer months. It’s like getting paid for two jobs while working one. This is a smart option because you’re earning extra income while using your education degree and experience.
Many schools provide mentoring programs where tenured, experienced teachers guide new teachers through their first year of teaching. This commitment usually entails a couple of weeks work in the summer as well as attending workshops and being available to lend support to new teachers throughout the school year.
Coaching or managing extracurricular activities for students is a great way to earn extra income while not wavering too far from your education expertise. There is a multitude of after school activities to choose from: chess club, cheerleading, sports, dance team, drama, band, language clubs and debate. If these extra activities are far off the beaten path of your area of experience, consider starting a new program or getting additional education, such as an online associate or bachelor’s degree in physical education or liberal arts.
If you have a bachelor’s degree in education, you can teach test preparation courses for the GED. If you have ever taught a course at the university level, you may qualify to teach preparation classes for standardized tests like the GRE, ACT or SAT. The minimum requirement for teaching a college course is a master’s degree.
Learning centers provide supplemental help for students in grades K-12. These centers offer part-time positions with convenient evening hours. A bachelor’s degree in education and teaching experience are typical criteria for these positions. However, a master’s degree or an associate degree in a field like psychology might help put your resume at the top of the pile because of the learning diagnostic assessments and individualized attention involved in this job.
Public speaking is usually second nature to teachers. After all, they have to stand in front of a classroom and talk to students (sometimes the toughest audience) everyday. Many corporations and nonprofits hire individuals to speak at different events and venues about their product or service. A degree in education coupled with experience in the classroom can help you obtain one of these positions.
If you just can’t find the time to get a second job or take on more responsibilities at work, consider relocating or earning an online degree in education. Some areas of the country pay teachers better than others. If you are willing to travel overseas, ESL teachers are always in demand.
If you have a bachelor’s degree in education, pursue a master’s or doctorate degree to increase your salary. The type of education degree you have has a great effect on salary for teachers.