The statistics show that it certainly does, and the differences in compensation by education level are becoming even wider. In 1975, full-time workers with a bachelor's degree had 1.5 times the annual earnings of workers with a high school diploma. By 1999, this ration has risen to 1.8.On average, an individual with a Master's degree will earn $31,900 more per year than a high school graduate. This represents a difference of 105%!
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Your Degree Could be worth over 1 Million Dollars!
Earnings differences by education level compound over one's lifetime. Individuals with a bachelor's degree will earn almost twice as much as workers with a high school diploma over a lifetime ($2.1 million compared to $1.2 million). This is a result of not only higher starting salaries for higher education levels, but also, the average earnings growth of those with higher education levels.