I’ve decided to dedicate much of the rest of this month focusing on graduate schools, specifically the much loved and vilified graduate degree, the MBA. The deadline for round 1 applications is fast approaching, and I’ve come up with a $1,000 giveaway that any aspiring MBA applicant, PhD applicant, or grad school applicant for that matter may be interested in receiving. Hence, feel free to spread the word and stay tuned! For now, let’s start off with a layup as to why getting your graduate degree is a good idea, if you want to make more money.
Many personal finance publishers use Net Worth IQ as a way to track their financial progress. NW IQ managed to gather a bunch of good data to digest and analyze. A lot of it is just common sense such as the older you are, the greater your net worth tends to be.
This is the chart that stood out most:
|Education||Profile Count||% of Pop.||Median Net Worth|
|Less than high school graduate||21||0.67 %||$26,440|
|High school graduate||79||2.53 %||$40,570|
|High school graduate with some college||322||10.32 %||$25,189|
|Associate degree||117||3.75 %||$46,464|
|Bachelors degree||1460||46.78 %||$73,461|
|Masters, professional, doctoral degree||901||28.87 %||$193,761|
|Total Reporting Users: 2900|