College Confidential’s “Dean,” Sally Rubenstone, put together 25 of her best tips. Get your free copy of the "25 Tips from the Dean" eBook and get helpful advice on how to choose a college, get in, and pay for it: http://goo.gl/9zDJTM
If someone gets a BS in say Computer Science, they now have a choice to go to grad school for 1-3 years to get a Master's or go straight into the industry. Which path gives them more lifetime earnings?
Scenario A: Bachelor's only
1st year after graduation: $70,000
2nd year after graduation: $72,000
3rd year: $74,000
4th year: $76,000
5th year: $78,000
6th year: $80,000
7th year: $82,000
8th year: $84,000
9th year: $86,000
10th year: $88,000
This is assuming that there is a constant increase each year for both paths.
By induction, the person with the bachelor's degree only will be making more.
I'm not money hungry or anything, but I would like to know what you guys think.
Do people with a master's get promoted to managers more easily than someone with just a bachelor's, thus getting 100K+ instantly?