If you want to improve processes while also earning a good salary, Six Sigma is a great career path to take. Many businesses are actively looking for Six Sigma specialists these days, and the market is more competitive than ever. However, before embarking on your journey, it is critical to understand what you can expect in terms of salary. Your pay will vary greatly depending on the industry and your specific skill level, but you can get a good idea of what you should be aiming for by looking at current statistics.
Current Market Situation
The average Master Black Belt salary is currently just over $90,000. It's important to remember that this is an average across a variety of industries and job types. Someone could be using their skills at a smaller company that pays less while still having a similar level of understanding of Six Sigma as someone earning six figures at a large corporation. All things considered, you can easily expect to earn more than $90,000 if you target specific industries, particularly the tech one.
According to Indeed.com, the world's largest job site, the average salary for a Certified Green Belt in 2019 is $95,261 per year in the United States.
Additional skills are extremely valuable.
As you might expect, your exact salary will be determined by not only the industry in which you work, but also the additional skills you bring to the table. Someone who understands lean methodologies in addition to Six Sigma will almost certainly have a better chance. Similarly, developing any industry-specific skills can be extremely beneficial. In many cases, you'll be able to connect those to the optimization skills you're learning through Six Sigma, creating a good opportunity for synergy. Maintain as many options as possible, and strive to develop a skill set that is transferable across industries. This will put you in the best position to negotiate a good salary.
Future Predictions
The current situation is favourable, but will it continue to be so? Right now, all signs point to "yes." There are numerous reasons to believe that Six Sigma will not only survive, but will become even more popular and sought after in a variety of industries. It is critical to position yourself appropriately to capitalise on market developments. As a result, if you have the opportunity to advance to the rank of Master Black Belt, you should not pass it up. Whether you do it through company-provided training courses or on your own time, it will benefit you greatly in the long run.
Click here to learn How to Obtain a Six Sigma Black Belt? .
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!
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