So, you have a Bachelors degree and you are earning decent money for you and your family.  What if you took it up a notch?  What if you enrolled in graduate school?  Those with Master’s degrees and higher tend to make more money.  Sounds worth it doesn’t it?  Sure, it will be a lot of hard work and dedication just to earn a graduate degree but your future paycheck will thank you for it and so will your family.

Let’s take a look at average annual earnings for College Graduates and Non-Graduates to get an idea of how having a college degree really pays off:

Graduate and Non-Graduate Earnings

  • Those who only have some high school under their belts will most likely only earn $23,400 for the entire year or less.
  • A high school graduate will make more than a non-high school graduate but not by much.  High graduates only make about $30,400 a year.
  • Individuals who have some college like a professional certificate can earn up to $36,800 a year.
  • Those with Associates degree may only see a two-thousand dollar difference from someone who only has some college under their belt.
  • Individuals who currently possess a Bachelors degree average between $52-$60,000 a year.
  • Those with Master’s degrees can earn $62,300 or even more a year.
  • If you pursue a Doctoral degree you can probably see $89,400 a year, maybe even more.
  • The ultimate is a Professional Degree which can earn you $109,000 a year or more.

As you can see the higher the college degree the more money you can potentially earn on the job.  These numbers are obviously just estimates based on the U.S Census Bureau on census.gov and change every year, especially if there is a slump in the economy.  Whatever the state of the economy, you can still pursue a graduate degree to better yourself.  Things will most likely get better which will allow you to see a raise in your pay.

I understand that quite a few individuals may currently possess some type of graduate degree and are having a hard time finding a decent job or are not getting paid nearly as much as they are supposed to.  I guess it may depend on which State you live in as well.

What about work life earnings?  Here is what I found.  Again, this is based on the U.S Census Bureau:

Average Lifetime Earnings

  • Some high school: $1 million
  • High school graduate: $1.2 million
  • Some college: $1.5 million
  • Associates Degree: $1.6 million
  • Bachelors Degree: $2.1 million
  • Masters Degree: $2.5 million
  • Doctoral Degree: $3.4 million
  • Professional Degree: $4.4 million

Wow, right?  Now keep in mind these numbers are average lifetime earnings for full time employees. You can check out more details on lifetime earnings on about.com.

These figures definitely make you want to at least consider working towards a graduate degree doesn’t it?  It’s definitely worth looking into even if you are only chipping away at it one class at a time.

How about you moms?  Do you currently possess a Bachelors degree and would like to strive towards your goals of earning some sort of graduate degree?  Maybe you are currently working towards a graduate degree.  Whatever your current situation we would love to hear from you. Please share your thoughts, feelings, and even tips or advice if you have them.

*Are you ready to take that step towards earning your graduate degree?  Check out our online list of schools and degrees here on classesandcareers.com

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