The Value of a Master's Degree

A MASTER'S DEGREE: Is It Worth It? NUMBER OF DEGREES CONFERRED, PERCENTAGE DISTRIBUTION, AND PERCENTAGE OF DEGREES CONFERRED TO WOMEN, BY TYPE OF DEGREE AND RACIAL/ETHNIC GROUP 60.6 % 2007-2008 1997-1998 57.1 0.6% 625,023 6.0% 11.6% 5.9%- 65.5% 62.1 % 10.4% 59.2 0.5% • 430,164 409,312 4.9% A 12.2% 3.8% 71.6% 7.0% 308,196 71.8 % 53.9 42.9 64.5 68 % 65.9 % 39.7 51.4 59.9 % 61.9 72,682 65,062 52,379 30,155 36,801 37,408 21,133 16,248 3.758 2,053 ТОTAL MASTER'S ASIAN/PACIFIC INDIAN/ALASKA NON-RESIDENT WHITE BLACK HISPANIC ISLANDER NATIVE ALIEN DEGREE RACIAL/ETHNIC GROUP ТҮРЕ THE AVERAGE COST TO EARN A MASTER'S A TYPICAL CLASS IS 3 SEMESTER HOURS. DEGREE IS BETWEEN... MOST STUDENTS TAKE BETWEEN 6-9 SEMESTER HOURS $28,400 – $38,700 FULL-TIME IS 9 HOURS PUBLIC SCHOOL PRIVATE SCHOOL 12 HOURS IS ACTUALLY COMMON MASTER'S DEGREES VARYING IN REQUIREMENTS RANGE FROM 30-60 HOURS. 000 0000 MOST MA PROGRAMS PROFESSIONAL PROGRAMS LIKE THE COUNSELING DEGREES МВА, МРА, МНА ARE 45 HOURS (though some may be lower) ARE ABOUT 36 HOURS TEND TO BE UP TO 60 HOURS BACHELOR'S AND MASTER'S DEGREES COMPARISON: INCREASE OF LIFETIME INCOME FROM A HIGH SCHOOL DIPLOMA BACHELORS AVERAGE $308,588 MASTER'S AVERAGE $488,598 BUSINESS $349,028 $724,808 ENGINEERING S497,930 $860,022 LIBERAL ARTS $243,883 $243,883 The Census Bureau's figures show that SOCIAL SCIENCE $210,080 someone with a liberal arts master's degree earned just $5/month more on $210,080 average, than someone with a bachelor's in the same field ($3,460 compared to SCIENCE $283,286 I $420,159 $3,455). The average liberal arts M.A. earned about $300 a month less than the EDUCATION S108,461 $214,849 average bachelor's degree recipient. GRAD PROGRAMS HAVE FALL AND SPRING MOST PEOPLE TAKE 1.5 TO 2 YEARS TO SEMESTERS. SOME ALSO HAVE SHORT COMPLETEA MASTER'S DEGREE. SUMMER SEMESTERS (up to 6 hours max). www.worldsstrangest.com/mental-floss/13-incredibly-focused-graduate-programs/ www.nces.ed.gov/fastfacts/display.asp?id=72 www.webujournal.com/media/storage/paper245/news/2010/04/29/Opinioneditorial/The-Next.Step.Real.World.Or.Grad.School-3914643.shtml www.articles.moneycentral.msn.com/CollegeAndFamily/SavingForCollege/IsYourDegreeWorthI million.aspx Information Provided by: www.MastersDegreeOnline.net Designed by: IVY SA NUMBER OF DEGREES CONFERRED A MASTER'S DEGREE: Is It Worth It? NUMBER OF DEGREES CONFERRED, PERCENTAGE DISTRIBUTION, AND PERCENTAGE OF DEGREES CONFERRED TO WOMEN, BY TYPE OF DEGREE AND RACIAL/ETHNIC GROUP 60.6 % 2007-2008 1997-1998 57.1 0.6% 625,023 6.0% 11.6% 5.9%- 65.5% 62.1 % 10.4% 59.2 0.5% • 430,164 409,312 4.9% A 12.2% 3.8% 71.6% 7.0% 308,196 71.8 % 53.9 42.9 64.5 68 % 65.9 % 39.7 51.4 59.9 % 61.9 72,682 65,062 52,379 30,155 36,801 37,408 21,133 16,248 3.758 2,053 ТОTAL MASTER'S ASIAN/PACIFIC INDIAN/ALASKA NON-RESIDENT WHITE BLACK HISPANIC ISLANDER NATIVE ALIEN DEGREE RACIAL/ETHNIC GROUP ТҮРЕ THE AVERAGE COST TO EARN A MASTER'S A TYPICAL CLASS IS 3 SEMESTER HOURS. DEGREE IS BETWEEN... MOST STUDENTS TAKE BETWEEN 6-9 SEMESTER HOURS $28,400 – $38,700 FULL-TIME IS 9 HOURS PUBLIC SCHOOL PRIVATE SCHOOL 12 HOURS IS ACTUALLY COMMON MASTER'S DEGREES VARYING IN REQUIREMENTS RANGE FROM 30-60 HOURS. 000 0000 MOST MA PROGRAMS PROFESSIONAL PROGRAMS LIKE THE COUNSELING DEGREES МВА, МРА, МНА ARE 45 HOURS (though some may be lower) ARE ABOUT 36 HOURS TEND TO BE UP TO 60 HOURS BACHELOR'S AND MASTER'S DEGREES COMPARISON: INCREASE OF LIFETIME INCOME FROM A HIGH SCHOOL DIPLOMA BACHELORS AVERAGE $308,588 MASTER'S AVERAGE $488,598 BUSINESS $349,028 $724,808 ENGINEERING S497,930 $860,022 LIBERAL ARTS $243,883 $243,883 The Census Bureau's figures show that SOCIAL SCIENCE $210,080 someone with a liberal arts master's degree earned just $5/month more on $210,080 average, than someone with a bachelor's in the same field ($3,460 compared to SCIENCE $283,286 I $420,159 $3,455). The average liberal arts M.A. earned about $300 a month less than the EDUCATION S108,461 $214,849 average bachelor's degree recipient. GRAD PROGRAMS HAVE FALL AND SPRING MOST PEOPLE TAKE 1.5 TO 2 YEARS TO SEMESTERS. SOME ALSO HAVE SHORT COMPLETEA MASTER'S DEGREE. SUMMER SEMESTERS (up to 6 hours max). www.worldsstrangest.com/mental-floss/13-incredibly-focused-graduate-programs/ www.nces.ed.gov/fastfacts/display.asp?id=72 www.webujournal.com/media/storage/paper245/news/2010/04/29/Opinioneditorial/The-Next.Step.Real.World.Or.Grad.School-3914643.shtml www.articles.moneycentral.msn.com/CollegeAndFamily/SavingForCollege/IsYourDegreeWorthI million.aspx Information Provided by: www.MastersDegreeOnline.net Designed by: IVY SA NUMBER OF DEGREES CONFERRED A MASTER'S DEGREE: Is It Worth It? NUMBER OF DEGREES CONFERRED, PERCENTAGE DISTRIBUTION, AND PERCENTAGE OF DEGREES CONFERRED TO WOMEN, BY TYPE OF DEGREE AND RACIAL/ETHNIC GROUP 60.6 % 2007-2008 1997-1998 57.1 0.6% 625,023 6.0% 11.6% 5.9%- 65.5% 62.1 % 10.4% 59.2 0.5% • 430,164 409,312 4.9% A 12.2% 3.8% 71.6% 7.0% 308,196 71.8 % 53.9 42.9 64.5 68 % 65.9 % 39.7 51.4 59.9 % 61.9 72,682 65,062 52,379 30,155 36,801 37,408 21,133 16,248 3.758 2,053 ТОTAL MASTER'S ASIAN/PACIFIC INDIAN/ALASKA NON-RESIDENT WHITE BLACK HISPANIC ISLANDER NATIVE ALIEN DEGREE RACIAL/ETHNIC GROUP ТҮРЕ THE AVERAGE COST TO EARN A MASTER'S A TYPICAL CLASS IS 3 SEMESTER HOURS. DEGREE IS BETWEEN... MOST STUDENTS TAKE BETWEEN 6-9 SEMESTER HOURS $28,400 – $38,700 FULL-TIME IS 9 HOURS PUBLIC SCHOOL PRIVATE SCHOOL 12 HOURS IS ACTUALLY COMMON MASTER'S DEGREES VARYING IN REQUIREMENTS RANGE FROM 30-60 HOURS. 000 0000 MOST MA PROGRAMS PROFESSIONAL PROGRAMS LIKE THE COUNSELING DEGREES МВА, МРА, МНА ARE 45 HOURS (though some may be lower) ARE ABOUT 36 HOURS TEND TO BE UP TO 60 HOURS BACHELOR'S AND MASTER'S DEGREES COMPARISON: INCREASE OF LIFETIME INCOME FROM A HIGH SCHOOL DIPLOMA BACHELORS AVERAGE $308,588 MASTER'S AVERAGE $488,598 BUSINESS $349,028 $724,808 ENGINEERING S497,930 $860,022 LIBERAL ARTS $243,883 $243,883 The Census Bureau's figures show that SOCIAL SCIENCE $210,080 someone with a liberal arts master's degree earned just $5/month more on $210,080 average, than someone with a bachelor's in the same field ($3,460 compared to SCIENCE $283,286 I $420,159 $3,455). The average liberal arts M.A. earned about $300 a month less than the EDUCATION S108,461 $214,849 average bachelor's degree recipient. GRAD PROGRAMS HAVE FALL AND SPRING MOST PEOPLE TAKE 1.5 TO 2 YEARS TO SEMESTERS. SOME ALSO HAVE SHORT COMPLETEA MASTER'S DEGREE. SUMMER SEMESTERS (up to 6 hours max). www.worldsstrangest.com/mental-floss/13-incredibly-focused-graduate-programs/ www.nces.ed.gov/fastfacts/display.asp?id=72 www.webujournal.com/media/storage/paper245/news/2010/04/29/Opinioneditorial/The-Next.Step.Real.World.Or.Grad.School-3914643.shtml www.articles.moneycentral.msn.com/CollegeAndFamily/SavingForCollege/IsYourDegreeWorthI million.aspx Information Provided by: www.MastersDegreeOnline.net Designed by: IVY SA NUMBER OF DEGREES CONFERRED