Answer: About a million bucks.
Here’s the data …
According to a JP Morgan analysis, an average bachelor degree holder makes $26,000 per year more than somebody with a high school degree.
Over a 40-year work span, that’s a nominal (i.e. not time-valued) difference of about $1 million.
Similarly, an advanced degree adds another $1 million to nominal lifetime earnings … $31,000 times 40 years.
That’s a pretty impressive return on, say, an MBA.
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P.S. Yes, I know that this data is a bit contradictory to our prior post “Smaller Paycheck Awaits M.B.A.s” .
Draw your own conclusion.