Biology, social science graduate degrees offer biggest boost relative to undergrad education
Common wisdom states that holding a graduate degree allows people to earn more money and advance more quickly in their careers, but some fields offer bigger benefits to those who receive a graduate school education than others, according to U.S. News and World Report.
The Georgetown Center on Education and the Workforce recently carried out research into how advanced degrees affected the compensation and benefits of people working in 15 different fields. The study found that across all fields, people who had completed graduate school earned 38.3 percent more on average than those who held just a bachelor's.
Some fields had large disparities between the earnings of those with advanced and bachelor's degrees. In particular, those who majored in biology and life sciences brought home 70 percent more with graduate education compared to those who stuck with an undergraduate degree. Similarly, those with graduate degrees in the field of social science earned 55 percent more than those who did not have advanced education.
According to the Bureau of Labor Statistics, people with qualifications in biology and life sciences can enter a range of fields, with 40 percent of all jobs in this area being offered by the U.S. Departments of Agriculture, Defense and the Interior as well as the National Institutes of Health.
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