October 7, 2006 4:36 PM
How Much Is Your Degree Worth?
Want to be a millionaire? Unless you want to start your own business, you'd better pick up a right educational degree. Here is some good analysis on how much your degree is worth.
From MSN Money:
But what they told me supported both common sense and what I've observed in the employment marketplace. For example:
- Associate's degrees are a slam dunk. These two-year degrees seem to result in a massive payback, compared to their relatively low cost, for a high school graduate.
- Ditto, usually, a bachelor's degree. Any bachelor's degree you get at a public university is likely to pay off handsomely, as well. If you're attending a private college, though, you might want to steer clear of education degrees.
- Some degrees are a step back. Thinking of a master's degree in a liberal arts or social sciences field? Let's hope you're in it for the love of learning, because on average there doesn't seem to be any financial payoff.
- Professional degrees rule. There's a reason why people borrow tons of money to attend law and medical schools. The return for a professional degree is huge.
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