- September 30, 2021
- Posted by: Stratford Team
- Category: Business
As part of their annual Salary Survey, the National Association of Colleges and Employers recently analyzed which master’s degrees created the biggest increase in earnings for graduates, known as a differential. They found that in 2021, a master’s in biology creates the biggest differential, with graduates earning approximately 86.5% more after their advanced degree.
An MBA, however, earns someone 51% more than just a business undergraduate degree. So a person making a starting salary of $54,392 out of undergrad would boost their income to $82,372 with an MBA.
In contrast, NACE found that a master’s in social work led to a 36.7% increase in earnings, on average.
“If someone is earning a master’s degree solely for earning potential purposes, I would take a look at that particular career trajectory to understand if the payoff is there,” says Shawn VanDerziel, executive director at NACE. “And to understand if the differential and starting…