NotesFAQContact Us
Collection
Advanced
Search Tips
ERIC Number: ED615605
Record Type: Non-Journal
Publication Date: 2021
Pages: 22
Abstractor: As Provided
ISBN: N/A
ISSN: N/A
EISSN: N/A
The College Payoff: More Education Doesn't Always Mean More Earnings
Carnevale, Anthony P.; Cheah, Ban; Wenzinger, Emma
Georgetown University Center on Education and the Workforce
"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. 3300 Whitehaven Street NW Suite 5000 Box 571444, Washington, DC 20057. Tel: 202-687-4922; Fax: 202-687-3110; e-mail: cewgeorgetown@georgetown.edu; Web site: http://cew.georgetown.edu
Publication Type: Reports - Evaluative
Education Level: Higher Education; Postsecondary Education; High Schools; Secondary Education
Audience: N/A
Language: English
Sponsor: Lumina Foundation; Bill and Melinda Gates Foundation; Joyce Foundation; Annie E. Casey Foundation
Authoring Institution: Georgetown University, Center on Education and the Workforce
Identifiers - Location: Wyoming; Alaska; North Dakota; District of Columbia; Connecticut; Virginia; Maryland; Illinois; Ohio
Grant or Contract Numbers: N/A