Thread regarding Fiserv Inc. layoffs

Do people w/ Masters get paid more here?

Is it worth pursuing or will i still get paid like cr-p?

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Post ID: @OP+1jYMkUjq

11 replies (most recent on top)

MBA grad here. Earned mine 20 years ago, and paid about $40K at a top 25 B-school. Was able to take a full load and finish in 2 years while working. So, I finished with very little debt. That same MBA today would cost me about $125K. While my income has more than tripled in the last 20 years, I don’t think the current ROI would justify the cost today. My objective back then was truly higher education, not necessarily more money…that was just a bonus. As others have mentioned, it might be a differentiator when seeking a new job outside of Fiserv, but it won’t get you more money or move you up the ranks at Fiserv. Only being one of FBs minions will get you more money and status at Fiserv…and that gravy train has quickly approaching expiration date. I left Fiserv within the last year on my own, and I work with many Fiserv product clients and everyone I talk to is planning their exit from whatever Fiserv products they have invested in. Fiserv’s reputation is permanently damaged because of what FB had done to the company, and the likes of Clover will not save it from its ultimate demise. FB is the Chainsaw Al of the 2020’s, and he may end up finishing his career the same as Al Dunlap.

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Post ID: @1bar+1jYMkUjq

If you can get your employer to pay for it and if you are interested in the subject of the MS, I would pursue it. It may not help you in this company but will elsewhere

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Post ID: @1boi+1jYMkUjq

Complete waste of time and money. Spend your money and debt, if needed, on more worthwhile endeavors.

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Post ID: @1yix+1jYMkUjq

The only person in Fiserv who will get paid more is the CEO. Are you going to be the CEO? No? Then it will not help you get paid more.

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Post ID: @nrm+1jYMkUjq

I'm not entirely convinced of the idea that a Masters degree is going to become the minimum requirement for entry to most jobs in the future. This line has been parroted for years, but evidence so far isn't necessarily backing it up. In fact, there may even be evidence that the opposite trend may be ahead - i.e., some jobs actually eliminating degree requirements:

https://www.cnbc.com/2022/04/25/companies-eliminate-college-degree-requirement-to-draw-needed-workers.html

That said, I think there will always be value in a Bachelors degree to many white-collar employers. But given the exorbitant cost of a Masters degree, and university education in general, it seems to me like the only reasonable justification for obtaining a graduate degree would be if you could do it almost entirely on your employer's dime. This usually means dragging out your credits over several years, though, since most companies cap their reimbursements to $10k or so per year.

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Post ID: @ltj+1jYMkUjq

You need the degree in the job market. As another poster said it will someday be the minimum requirement especially as older employees stay on the job longer leaving little room for new hires. College grads will be forced to delay entry into the job market and pursue the advanced degree.

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Post ID: @wca+1jYMkUjq

MBA - Accounting graduate here. Fiserv pays less than market rate. In my case $40,000 or more less. Yes I'm looking for another job outside of Fiserv.

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Post ID: @pwg+1jYMkUjq

Naa. A masters is becoming the minimum qualification to qualify for a grad job in Fiserv, but they certainly won't pay you more.

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Post ID: @rhs+1jYMkUjq

F iserv has always paid lousy. One year in as contractor, I learned my group's boss attempted to get a raise increase for entire department and was denied. So learn something and leave. That was the standard rule of work. Right now I would say LEAVE and don't look back.

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Post ID: @fuc+1jYMkUjq

Definitely not. I'm actually surprised they haven't scrapped the reimbursement plan, must be able to write it off on their corporate tax bill.

Not only will it not net you more money, they legit have zero interest in their ROI by pushing those folks forward into better roles.

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Post ID: @kqr+1jYMkUjq

No you will not get paid more. It might help you get a promo someday, it might not. Have Fiserv pay for it though and then use it at the next company.

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Post ID: @zpd+1jYMkUjq

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