master's degrees

master’s degrees

Women and Minorities Earn Less with Higher Education

Women and minorities earn less than their male or Caucasian counterparts. A recent study from the College Payoff report from Georgetown University found that women and minorities, excluding Asians, with master’s degrees, doctoral degrees or professional degrees benefit less from having a higher education.

“Latinos and African-Americans with master’s degrees earn nearly the same in their lifetimes—roughly $2.5 million—as white workers who have bachelor’s degrees,” the study revealed.

Women must attain a Ph.D to make more than men with bachelor’s degrees. They earn roughly $2.86 million in their lifetime, while men with bachelor’s degrees earn $2.6 million in their lifetime.

Additionally, men with little college experience and no degree earn about the same as a woman with a bachelor’s degree, the study found.

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