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For instance, in the late 1980s, a bachelor's degree was the standard qualification to enter the profession of physical therapy. [42] By the 1990s, a master's degree was expected. Today, a doctorate is becoming the norm. State requirements that registered nurses must hold bachelor's degrees have also contributed to a nursing shortage. [43]
While those with some college averaged $31,046, those with a bachelor's degree averaged $51,194, over $20,000 (64.9%) a year more. [3] The second most dramatic difference in average income was between those with a bachelor's degree with $51,940 and those with an advanced degree who made $72,824, roughly $21,000 (42.2%) more.
Research into the sheepskin effect can be divided into studies of explicit degree effects and, because many of the useful data sets don't explicitly report degrees, studies with no explicit degree measures. The latter typically use 12 years of education as a proxy for a high school diploma and 16 years as a proxy for a Bachelor's degree. [3]
As the cost of higher education has escalated in recent years, there's been no shortage of debate about whether the cost of a four-year college degree is worth the expense -- especially given the ...
A report from the Federal Reserve Bank of San Francisco says the average American with a 4-year college degree will. New evidence that a college degree is worth the high cost. The path to higher ...
In comparison, those with a bachelor’s degree in the same field earned around $20,000 less. Perhaps unsurprisingly, the majority of the top 10 master’s degrees with the highest average ...
According to a Burning Glass Institute analysis of 2022 U.S. Census Bureau data, Bachelor’s degree holders in college-level jobs earn nearly 90% more than people with just a high-school diploma in their 20s, while 45% of college graduates are underemployed and earn 25% more than high-school graduates (not adjusting for any student loan debt ...
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