Women with an associate degree on average earn about 26% more than the earnings of women who have some college but no degree
Men with an associate degree on average earn 18% more than men with some college and no degree.
Those numbers reinforce the value of programs like early college high schools, where students can earn up to 60 hours of college credit, or an associate degree, while still in high school. Or, said differently, students can graduate from high school with college credentials in hand, but none of the debt, ready to out-earn their peers by a significant amount.
The average worker with a Bachelor’s degree will earn 35% more than someone with an associate degree
The average Master’s degree-holder will earn 17% more than someone with a Bachelor’s degree
The average Doctoral degree-holder will earn 33% more than someone with a Master’s degree
These numbers assume degrees in job markets that are healthy and growing. That doesn’t apply to all fields and geographies. But, as an investment in your future, currently college is a wise one.
Seeing how much the data has changed over just three years reaffirms for me the need to continue to monitor the value of a degree. As the world of work and definitions of career readiness shift over time, these numbers will continue to evolve.