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Financial Payoff of Graduate Schools

Across the United States, the highest job growth is expected for the fields with the highest educational requirements—obtained through graduate schools. In these professions, the higher the degree, the better. Some agencies will pay tuition for current employees to earn a master’s degree, as in many criminal justice workplaces.

There’s no disputing that education level is directly linked to earning potential. In all positions, an earning gap exists between bachelor’s degree holders and those who have completed graduate school. According to the Bureau of Labor Statistics numbers from 2008, master’s degree holders earned median earnings of $64,116 per year compared to $52,624 for bachelor’s degree holders. That’s a difference of $11,492 a year; $852 a month; and $213 a week.

Keep reading: Personalizing Your Education: Grad School Online