Six Sigma is a great development path to follow if you’re interested in optimizing processes and earning a nice salary for it. Many companies are actively searching for Six Sigma specialists these days, and market demand is higher than ever. That said, it’s important to know what you can expect in terms of salary before starting your journey. Your compensation is going to vary a lot between industries and according to your specific skill level, but you can still get a good idea of what you should be aiming for by looking at current statistics.
Current Market Situation
Currently, the average Master Black Belt salary is just under $90,000. Tmastehat’s an average across multiple industries and position types, and it’s important to keep that in mind. Someone might be utilizing their skills at a smaller company that pays less, while still having relatively the same level of understanding of Six Sigma as someone earning six figures at a major corporation. All things considered though, you can easily expect to get over $90,000 if you aim at certain sectors, especially the tech one.
Additional Skills Matter a Lot
As you’re probably guessing, your exact salary will depend not only on the industry you work in, but also the additional skills you bring to the table. Someone who understands lean methodologies on top of Six Sigma is likely going to have better prospects. Likewise, developing any skills specific to your current industry can be very beneficial. In many cases, you will have an opportunity to tie those into the optimization skills you’re learning through Six Sigma, so there should be a good situation for synergy in there. Keep your options as open as possible, and try to build a skill set that’s transferable between industries. This will put you in the best possible position for a good salary.
The current situation is good, but is it going to stay that way? All signs are pointing to “yes” right now. There are many reasons to believe that Six Sigma is not only going to stick around, but that it will become even more popular and sought in many industries as well. It’s important to position yourself adequately for taking advantage of those market developments. Therefore, you should definitely not miss out on any opportunities to climb up to a Master Black Belt rank if you have the chance to do that. Whether it’s through company-provided training courses or on your own time, it’s something that can benefit you significantly down the road.
Keep exploring your options as well. As we mentioned above, salary expectations can vary a lot across industries when you are a Six Sigma Master Black Belt. That’s why it’s important to understand your skills as well as you can, and to think of new options for applying them in other industries. Sometimes you may find a fantastic new opportunity that doesn’t require you to learn anything new at all!