Considering a Master's Degree? Here Are the Facts

More than ever before, the impact of COVID-19 has the value of education called into question. While an advanced degree can lead to increased debt and other concerns (according to CNBC), the data shows increases in outcomes for masters graduates. 

Here are five interesting facts about the more than eight million U.S adults who hold a masters degree:

1. Where do they live?

Over 20 percent of all masters graduates in the United States live in New York and California. Texas and Florida combine for an additional 13 percent.

2. Where is the highest concentration?

3.1 percent of all masters graduates call Washington D.C. home. What's even more compelling is that D.C. has the greatest number of masters degrees per-capita while only 0.2 percent of the U.S. population live there.

3. What do they make?

The average salary for all U.S. adults with masters degrees from the past decade is $74,617. Compare this to bachelors’ graduates from the past decade at $58,206. This is a 22 percent increase in average salary.

4. What are the most common fields of study?

The most common masters degrees in the past 10 years include: education, business administration/management, psychology, accounting and nursing.

5. What are the most common skills?

Management skills are prevalent amongst masters graduates in the United States and lead to higher average salary. These include program management, strategic planning, business process management, project management and software development processes.

What are the questions you are hearing from college students as they consider graduate school? What has your experience been with post-bachelors education? 

Data retrieved from CrowdSegment.