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EDUCATION PAYS
It pays to stay! In school that is.
Get that high school diploma and you will earn far more than your friend that does not finish. Choose a career path that includes a Bachelor’s degree, and the pay off from your hard work is obvious. Take a look. (These are median earnings for year-round, full-time workers ages 25 and older in 2000*).
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| Professional Degree |
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$80,200 |
| Doctorate |
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$70,500 |
| Master's Degree |
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$55,300 |
| Bachelor's Degree |
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$46,300 |
| Associate Degree |
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$35,400 |
| Some College, No Degree |
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$32,400 |
| High School Diploma (Includes GED) |
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$28,800 |
Some High School, No Diploma |
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$21,400 |
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| Wait! take a look at what education does for you lifetime earnings! Your earning potential is not determined by education alone but choose an education level and see estimated average earnings assuming a 40-year work life. This calculation does not factor in the effect of inflation: that a dollar earned today is worth more than a dollar earned in the future. ** |
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| Professional Degree |
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$4.4 million |
| Doctorate |
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$3.4 million |
| Master's Degree |
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$2.5 million |
| Bachelor's Degree |
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$2.1 million |
| Associate Degree |
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$1.6 million |
| Some College, No Degree |
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$1.5 million |
| High School Diploma (Includes GED) |
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$1.2 million |
Some High School, No Diploma |
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$1.0 million |
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Education past high school qualifies you for many more jobs.
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| No Education or Experience Required |
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16% |
| High School Graduate, No Experience |
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4% |
| Certification, License, AA or Experience |
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49% |
| 4 Year College or More |
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31% |
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| Milwaukee Area Job Openings Survey, May 2006 - Private Industry Council of Milwaukee County - Prepared by the University of Wisconsin-Milwaukee Employment and Training Institute |
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*Occupational Outlook Quarterly, Bureau of Labor Statistics, www.bls.gov/opub/ooq **US Census Bureau, “The Big Payoff” www.census.gov/population/www.socdemo/edu-attn.html
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