Preston Cooper has published an article in FREOPP, titled “Is Graduate School Worth It? A Comprehensive Return on Investment Analysis,” which discusses key findings and an executive summary on the net financial value of most graduate degrees. The article begins as follows:
This report estimates return on investment (ROI) — the increase in lifetime earnings minus the costs of attending school — for nearly 14,000 graduate degrees.
The median master’s degree has a net ROI of $83,000. But some master’s degrees are worth over $1 million, while 40 percent have no net financial value at all.
Most master’s programs in computer science, engineering, and nursing boast ROI above $500,000. But the median degree in several other fields — including the MBA, America’s most popular graduate degree — has negative ROI.
The most lucrative graduate degrees are professional programs in law and medicine; almost half of medical degrees have ROI above $1 million.
To see the full article, click: “Is Graduate School Worth It? A Comprehensive Return on Investment Analysis.”
Posted by Mallory Wentz, Associate Editor, Wealth Strategies Journal.