While a master’s degree is not a requirement to become a teacher, those who do hold master’s degrees are eligible for higher-level teaching and administrative positions, which in turn tend to earn higher salaries. Some programs are also in place within certain school districts to reward those with master’s degrees, including bonuses and stipends. However, it is important to note that not all schools seek out candidates with master’s degrees, meaning they are unlikely to offer higher compensation. This means that if you do hold a master’s degree, you must seek out the opportunities and contexts that will value your expertise.