"The World Economic Forum found earlier this year that AI skills now command a 23% wage premium versus only 8% for a bachelor's degree in isolation."
"The worst returns are for psychology graduate degrees, with a -8% cost-adjusted return, or the estimated change in lifetime income after accounting for the cost of attendance."
"If you're thinking about graduate school, you want to get some information about what the earnings potential is coming out of the degree as well as the kinds of occupations and jobs it leads to."
The college wage premium has not significantly changed since 2000, with AI skills commanding a higher wage premium than a bachelor's degree. Research indicates that AI is reducing entry-level hiring while increasing wages for experienced workers. A report reveals that certain graduate degrees, particularly in psychology and social work, result in negative returns when factoring in costs. Popular degrees like computer science yield minimal returns, emphasizing the importance of understanding earnings potential before pursuing graduate education.
Read at Fortune
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