The Value of Getting College and Advanced Degrees (Professional, Masters, PhDs)
Skepticism about the value of a college degree has peaked recently in many media outlets as a seemingly temporary recession turns into a prolonged period of economic stagnation or worse. While economic challenges remain for even the best educated, unemployment and weekly earnings figures paint a vivid picture of the advantages of achieving college and advanced degrees. The following figures bear this out.
Degree , Unemployment Rate in 2009, Median Weekly Earnings in 2009
Doctoral, 2.5%, $1,532
Professional, 2.3%, $1,529
Master’s, 3.9%, $1,257
Bachelor’s, 5.2%, $1,025
Associate, 6.8% , $761
Some College, No Degree, 8.6%, $699
High School Grad, 9.7%, $626
Less than High School Diploma, 14.6%, $454
Average All Workers, 7.9%, $774
Conclusion about the value of school/education:
Degree attainment clearly correlates to job stability and earnings. Gaining access to the best schools is highly competitive.
David Dickson is an admissions counselor with Top Test Prep. Get in touch with Top Test Prep’s private tutoring programs today, to learn more about how you can gain admission to the best schools or call (800) 501-7737.