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Graduate School Pays Off
Jun Ma
Special correspondent
Considering going to grad school? Both experts and statistics
suggest that there are benefits to further education.
"People who obtain advanced degrees make more money," said
James Meemik, dean of the Toulouse school of Graduate Studies.
A report on monthly earnings among people 18 and older
shows that a professional degree has the highest mean earnings at
about $12,000, followed by a doctorate degree at about $8,500, a
master's degree at about $6,700 and a bachelor's degree at about
$5,500.
Even within the education levels, some areas of education can
generate more income. Engineering and social science graduates
have the highest mean monthly earnings, according to the U.S.
Census.
Topping the list for master's degrees are graduates in business,
engineering and computer science, followed by natural science and
medicine, liberal arts, social science and law, and then education,
according to the U.S. Census.
And there are more graduates than ever, making competition
stronger than ever for prized jobs.
In 1984, about 18,000 people had bachelor's degrees, about 10
percent of adults. That number more than doubled by 2009, with
38,784 people having bachelor's degrees, about 17 percent of
adults, according to the Census Bureau.
Master's degrees rose from 5,795 in 1984. about 3.4 percent, to
15,132 in 2009, about 6.7 percent. Doctorate degrees rose from
768 in 1984 to 2,486 in 2009, still about 1.1 percent of adults.
Besides the money aspect, going to graduate school can broaden
students' network and keep them in tune in their areas of interest.
"You come across more people who are in this field and thereby
make some good contacts," UNT MBA alumnus Amey Poyekar
said. "You get the first-hand knowledge of the developments oc-
curring in your areas of interest. And if you want, you can as well
make some contribution and do research to gain more depth on it."
Getting started
As students might expect, graduate school is much more intense
than an undergraduate degree, even though it is shorter in length.
Students are expected to be able to conduct independent re-
search, the difficulty and the amount of reading will increase, and
teaching and research assistantships are difficult jobs for graduate
students, Meemik said.
Before students are in grad school though, diere is plenty of
preparation and research they need to do.
Jiafeng Lan, a business sophomore who is planning to go to grad
school, said he will not wait until getting his bachelor's degree to
begin preparing for what follows.
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What's Next, May 2012, newspaper, May 2, 2012; Denton, Texas. (https://texashistory.unt.edu/ark:/67531/metapth255934/m1/16/: accessed April 26, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Special Collections.