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A college degree can substantially impact your lifetime earning potential. According to the U.S. Census Bureau, each additional level of education obtained is associated with an increase in average annual earnings.

Average annual earnings by education level*

 
Professional Degree
$109,600
Doctoral Degree
$89,400
Master's Degree
$62,300
Bachelor's Degree
$52,200
Associate's Degree
$38,200
Some college

$36,800

High school graduate
$30,400

* Source: U.S. Census Bureau, Current Population Surveys, March 1998, 1999, and 2000. Tabulations reflect the average annual earnings of full-time, year-round workers 25 to 64 years old.

 

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