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Both the college you attend and area of study you choose to pursue can have a big impact on your future earnings.
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. The least significant difference was between those who had graduated from high school and those who had either some college or an associate degree.
2020 Median earnings & household income by educational attainment [11] [12] Measure Overall Less than 9th grade Some High School High school graduate Some college Associate's degree Bachelor's degree or higher Bachelor's degree Master's degree Professional degree Doctorate degree; Persons, age 25+ w/ earnings* $46,985: $25,162: $26,092: $34,540 ...
The first table contains a list of U.S. states and territories by annual median income. The second table contains a list of U.S. states and territories by annual mean wage. Information from an unknown source; Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2]
Let’s take a closer look at the average salary by education level to see what dividends education pays.
It ranked psychology as the No. 1 most popular graduate degree major, despite noncompetitive median earnings among psychology graduate degree holders. Best Graduate Degrees by Earnings, Popularity ...
However, the type of degree has a large impact on future earnings. [62] [63] Average annual earnings range from $27,000 for high school dropouts to $80,000 for those with a graduate degree. Undergraduate earnings range from $46,000 in education to $85,000 in architecture and engineering. Graduate earnings for those same majors are $61,000 and ...
With an engineering degree, for example, a student can expect lifetime earnings of about $950,000, while a student who completes a nursing degree could rake in a lifetime earnings of about $618,000.