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Doctorate Degree

If you have a particular area of interest and would like to pursue a degree in that area, it is quite beneficial to increase your potential for success through formal education. Rather than stopping at a Bachelor's or Master's degree, you will be best served by earning your Doctorate Degree.

There are several reasons for pursuing you Doctorate Degree. Prestige and a wider variety of career options come to mind, as well as the ability to demand a high salary.

According to the U.S. Census Bureau, those individuals with Advanced Degrees make substantially more per year than those individuals with a Bachelor's Degree. In fact, the greatest disparity in the chart below is between the Advanced Degree and the Bachelor's Degree.

 

Median Earnings

Difference

Not a H.S. graduate

$21,332.00

 

H.S. graduate

$27,351.00

+ $6,019.00

Some college

$31,988.00

+ $4,637.00

Bachelor's degree

$42,877.00

+ $10,889.00

Advanced degree

$55,242.00

+ $12,365.00

(The above information is based upon the average earnings of individuals in the United States between the ages of 21 and 64.)