The level of education you achieve can make a huge difference in how much money you’re able to earn.
Everyone’s situation and goals in life are a little different. A four-year college degree may not be right for everyone. You may be interested in community college, junior college, trade school, or technical training instead.
Synthetic work-life earnings estimates for full-time year-round workers by educational attainment
|Educational attainment||2005 dollars (millions)|
|Professional degree||$5.61 million|
|Doctoral degree||$4.45 million|
|Master’s degree||$3.34 million|
|Bachelor’s degree||$2.74 million|
|Associate’s degree||$1.92 million|
|Some college, no degree||$1.86 million|
|High school graduate, including GED||$1.53 million|
|Not a high school graduate||$1.10 million|
On average, a college graduate earns $1.2 million more in their lifetime than a high school graduate.
To see the difference that educational degrees can make to your annual earnings, click the Next button.