The College Payoff More Education Doesn’t Always Mean More Earnings
Carnevale, Anthony P.
The College Payoff: More Education Doesn’t Always Mean More Earnings explores how lifetime earnings vary by education level, field of study, occupation, industry, gender, race and ethnicity, and location. The lifetime earnings of a full-time full-year worker with a high school diploma are $1.6 million, while workers with an associate’s degree earn $2 million. However, at least one quarter of high school graduates earn more than an associate’s degree holder. Bachelor’s degree holders earn a median of $2.8 million during their career, 75% more than if they had only a high school diploma. Master’s degree holders earn a median of $3.2 million over their lifetimes, while doctoral degree holders earn $4 million and professional degree holders earn $4.7 million. However, one quarter of workers with a bachelor’s degree earn more than half of workers with a master’s or a doctoral degree.
Georgetown University Center on Education and the Workforce
Showing items related by title, author, creator and subject.
Carnevale, Anthony P.; Rose, Stephen J.; Cheah, Ban (2011-08)A college degree pays off--but by just how much? In this report, we examine just what a college degree is worth--and what else besides a degree might influence an individual's potential earnings. This report examines ...