I came across an interesting article on how much more income you will earn by having Bachelors and Masters Degree, instead of just Bachelors degree. And also how PhD can increase your income.
We all know certainly having Doctorate will increase your income, but you must be willing to spend 4 to 5 years to get Doctorate degree. But, just having bachelor degree will get you less income. Here’s a research study by different groups and its indeed an interesting informative article.
Income Comparison
- Bachelor’s Degree – Those with a bachelor’s degree, $2.1 million over a lifetime:
- Master’s Degree - People with a master’s degree earn $2.5 million
- Doctoral Degree – Persons with doctoral degrees earn an average of $3.4 million during their working life
- Professional Degree – Those with MD or JD professional degrees (medicine, law) do best with an average of $4.4 million dollars in lifetime earnings
- Read More from the source of this article
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{ 3 comments… read them below or add one }
please give me information regarding doctoral degree p.hd…….wat is da eligible degree to pursue doctoral degree.kindly mail me
Those numbers are skewed based on WHEN you get your degree also. I received both degrees in my thirties so that number is likely to be lower for me.
Interesting numbers. But I would say that you need to invert this in India. Typically people with higher degrees end up in the IITs, IIMs, DRDOs where the pay is much lesser than what a BTech in the IT industry makes.