ADVERTISEMENT
ADVERTISEMENT

These 10 graduate degrees do not really help you earn more

Education is extremely expensive, and choosing the right degree to pursue is crucial.

Employees armed with a graduate education are often a more attractive hire and can make a higher salary than colleagues who have only a bachelor's degree.

However, for some industries the benefits of going to graduate school are comparatively low and don't justify the extra investment.

Using the recent "Hard Times" report from the Georgetown Center on Education and the Workforce, we examined salary and unemployment data of experienced college graduates and experienced holders of graduate degrees. These are workers whose ages range from 35 to 54.

ADVERTISEMENT

For roughly 50 fields, we calculated how much more money a graduate degree would bring and the difference in unemployment rates for those with a post-college degree. These figures were then combined to determine which graduate degrees were the most "useless" — basically, which give you the smallest boost in salary and employment.

An experienced graduate-degree holder earns 19% more than a college graduate, and the unemployment rate is 18% lower.

Experienced college grads earn an average of $63,000 a year, while experienced graduate degree holders earn $75,000 a year, on average.

4% of experienced college grads are unemployed. 3.3% of experienced graduate degree holders are unemployed.

ADVERTISEMENT

An experienced graduate-degree holder earns 15% more than a college graduate, and the unemployment rate is 20% lower.

Experienced college grads earn an average of $93,000 a year, while experienced graduate-degree holders earn $107,000 a year, on average.

4% of experienced college grads are unemployed. 3.2% of experienced graduate-degree holders are unemployed.

ADVERTISEMENT

An experienced graduate-degree holder earns 19% more than a college graduate, and the unemployment rate is 16% lower.

Experienced college grads earn an average of $63,000 a year, while experienced graduate-degree holders earn $75,000 a year, on average.

5.7% of experienced college grads are unemployed. 4.8% of experienced graduate-degree holders are unemployed.

An experienced graduate-degree holder earns 13% more than a college graduate, and the unemployment rate is 21% lower.

ADVERTISEMENT

Experienced college grads earn an average of $104,000 a year, while experienced graduate-degree holders earn $118,000 a year, on average.

2.8% of experienced college grads are unemployed. 2.2% of experienced graduate-degree holders are unemployed.

An experienced graduate-degree holder earns 14% more than a college graduate, and the unemployment rate is 18% lower.

Experienced college grads earn an average of $91,000 a year, while experienced graduate-degree holders earn $104,000 a year, on average.

ADVERTISEMENT

4% of experienced college grads are unemployed. 3.2% of experienced graduate-degree holders are unemployed.

An experienced graduate-degree holder earns 9% more than a college graduate, and the unemployment rate is 22% lower.

Experienced college grads earn an average of $44,000 a year, while experienced graduate-degree holders earn $58,000 a year, on average.

5% of experienced college grads are unemployed. 3.9% of experienced graduate-degree holders are unemployed.

ADVERTISEMENT

An experienced graduate-degree holder earns 16% more than a college graduate, and the unemployment rate is 10% lower.

Experienced college grads earn an average of $56,000 a year, while experienced graduate-degree holders earn $65,000 a year, on average.

7.1% of experienced college grads are unemployed. 6.4% of experienced graduate-degree holders are unemployed.

*Numbers from 2010-2011

ADVERTISEMENT

An experienced graduate-degree holder earns 21% more than a college graduate, and the unemployment rate is actually 6%higher.

Experienced college grads earn an average of $76,000 a year, while experienced graduate-degree holders earn $92,000 a year, on average.

4.7% of experienced college grads are unemployed. 5% of experienced graduate-degree holders are unemployed.

*Numbers from 2010-2011

ADVERTISEMENT

An experienced graduate-degree holder earns 31% more than a college graduate, and the unemployment rate is 19% higher.

Experienced college grads earn an average of $72,000 a year, while experienced graduate-degree holders earn $94,000 a year, on average.

4.3% of experienced college grads are unemployed. 5.1% of experienced graduate-degree holders are unemployed.

ADVERTISEMENT

An experienced graduate-degree holder earns 23% more than a college graduate, and the unemployment rate is 19% higher.

Experienced college grads earn an average of $62,000 a year, while experienced graduate-degree holders earn $74,000 a year, on average.

5.7% of experienced college grads are unemployed. 6.8% of experienced graduate-degree holders are unemployed.

Read the original article  on Business Insider. Copyright 2017.

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

ADVERTISEMENT
ADVERTISEMENT