"On average, going to graduate school increases a student's lifetime earnings by 17 percent. However, that return on investment varies significantly depending on what they studied."
"Of the 18 most popular fields included in the report, return on investment is highest for Pharm.D. graduates, who see an average 114 percent earnings boost after graduate school."
"Professional degrees in social work, clinical psychology, psychology and curriculum and instruction yield the lowest returns on investment for students, with social work graduates experiencing a negative 2 percent return."
Graduate school attendance has increased from 31% in 1993 to 41% in 2022 among bachelor's degree holders aged 35 to 39. The highest ROI is seen in Pharm.D. graduates with a 114% earnings boost, followed by M.D.s at 110% and J.D.s at 59%. After accounting for costs, M.D. programs yield a 173% net earnings increase, while social work and clinical psychology programs show negative returns. Social work graduates earn only 7% more, resulting in a negative 2% return after costs.
Read at Inside Higher Ed | Higher Education News, Events and Jobs
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