The Average Salary By Education Level

Is a college degree worth it financially?

In view of the high tuition fees, one has to ask oneself whether it is still financially worthwhile to study for a Bachelor’s, Master’s, or even Ph.D. degree.

The main motivation to aim for such a degree is probably that you can earn more money later on. But how much more? And is it even worth it in view of the student loans? In this article, I try to provide an answer to these questions.

For individuals without a high school diploma, the median weekly earnings are $592, which equates to approximately $30,784 per year.

With a high school diploma, you can expect to earn $746 a week or $38,792 a year.

If you have completed some college courses, but not a degree, you earn approximately $833 a week ($43,316 annually).

Individuals with an associate’s degree earn an average of $887 per month / $46,124 per year.

A bachelor’s degree gives you the perspective of earning about $1,248 a week, which equates to $64,896 a year.

A master’s degree allows you to earn an average of $77,844 a year.

With a Doctorate or Professional Degree, the average salary is as high as $97,916 and $96,772, respectively.

It is obvious that you earn more with a better degree. Whether it is financially worthwhile…

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