The worth of a degree - Masters and PhDs

What is the worth of a degree? Some commentators maintain that degrees are a waste of time and money. It is certainly true that they are expensive in the US and many students find themselves to be in serious debt at the end of their studies. So is it worthwhile getting a degree?

The answer to this question depends on how you define ‘worth’. If you define it in terms of getting a job, then as the BLS analysis shows, you are more likely to be unemployed without a degree. If you define ‘worth’ in terms of earning potential, then you are more likely to earn more with a degree than without one. So, if worth is measured by earnings and employment prospects, then numerically a degree looks worthwhile.


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