With college costs sky high, there's been plenty of talk about whether there's a bubble in undergraduate education. But what about graduate degrees?
The less than alarmist New York Times has warned that with the educational arms race so hot, the master's is turning into the new bachelor's. Even a post-graduate degree may soon be worth less due to what the newspaper terms "credentials inflation."
So if you're pondering another two years of school (accumulating on average $37,000 in debt, according to the 2003-2004 National Postsecondary Student Aid Study), how can you be sure the effort and expense will pay off?
Jobs site CareerBliss recently analyzed 600,000 points of data related to job title, salary and education from users of its site to compare average salaries of various jobs, earned by those with bachelor's degrees versus master's degrees. Their findings: Master's degrees definitely lead to increased income, at least in these ten professions where salaries showed the largest jumps between those with bachelor's and master's degrees.
Not every degree is an equally sound investment, but overall, the numbers are encouraging for those pondering continuing their education. So which job titles pay much more to an employee with a master's degree?