ERIC Number: EJ1169334
Record Type: Journal
Publication Date: 2017
Abstractor: As Provided
Updated Estimates of the Average Financial Return on Master's Degree Programs in the United States
Gándara, Denisa; Toutkoushian, Robert K.
Journal of Education Finance, v43 n1 p21-44 Sum 2017
In this study, we provide updated estimates of the private and social financial return on enrolling in a master's degree program in the United States. In addition to returns for all fields of study, we show estimated returns to enrolling in master's degree programs in business and education, specifically. We also conduct a sensitivity analysis to show how our findings are affected by several key assumptions in the model such as the assumed growth rates of earnings, the direct and indirect costs faced by students, and the age at which a person enrolls in a master's program. Our findings indicate that, on average, students who enroll in master's degree programs receive positive and substantial financial returns, with variation by age, probability of completion, and financing characteristics.
Descriptors: Masters Programs, Outcomes of Education, Intellectual Disciplines, Enrollment, Business Administration Education, Income, Student Costs, School Entrance Age, Education, Age Differences, Graduation, Probability, Student Financial Aid
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Publication Type: Journal Articles; Reports - Research
Education Level: Higher Education
Authoring Institution: N/A
Grant or Contract Numbers: N/A