August 8, 2017

Earning gap between young adults with and without а college degree.

by theoremus_33 in Uncategorized

We have done a research regarding the importance of education and how it affects the earnings among people


with and without a college degree, aged 16-65 from Bulgaria.

 

The income and salary of those with an undergraduate degree versus those with a graduate degree can vary widely by discipline. However, an individual with a graduate degree will generally earn more throughout his career than someone with an undergraduate degree.

Bachelors:

Question: Please tell us your average personal monthly income.
Audience: Bachelor’s, Men and women 16-65 y. o.

People who are not bachelors, masters, PhDs and don’t have interest in getting a degree:

Question: Please tell us your average personal monthly income.
Audience: Master’s, Men and women, 16-65 y. o.

Ph.D.s:

Question: Please tell us your average personal monthly income.
Audience: Ph.D.’s, Men and women, 16-65 y. o.

Partly, this is because in Bulgaria you cannot work anywhere else full-time job while getting your doctoral degree, only 4-hours a day. However, the life earning gap between master’s and Ph.D. holders varies on different majors or fields of study.
So, consider pursuing a Ph.D. degree if you truly love your field, enjoy your studies, and want the benefits and prestige associated with the doctoral degree. But, if you are looking for a bigger salary do your research first.
Earning a college degree is all about opening up opportunities in life. It prepares you, both intellectually and socially, for your career and your adult life. The benefits of a college education include career opportunities like better paying and higher skilled jobs as you saw from the graphs.

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