What is the Value of Education in the U.S.?

Important Facts about the Value of Education

In the table below are samples of some of the most in demand majors by degree. Earning a degree in one of these fields can be valuable.

Job Opportunities in Relation to Education

Education may also affect the job opportunities open to you, since some jobs may have specific education requirements imposed by regulations or common industry practice. To earn licensure in a particular field, you may have to meet other requirements as mandated by law.

In 2021, the U.S. Bureau of Labor Statistics (BLS) reported the total number of job openings available in the U.S. based upon the amount of education required as of 2021 (www.bls.gov). More than 34.2 million jobs were available for those with less than a high school education with a median salary of $29,420. Approximately 60 million jobs required at least a high school diploma or equivalent and they earned a median salary of $38,290. About 3.3 million jobs were available requiring associate's degrees earning a median of $59,260. Bachelor's degrees were required for about 38.3 million jobs and they earned a median salary of $78,580. Around 2.9 million jobs typically call for master's degree, and jobs requiring a doctoral or professional degree numbered a little over 4.2 million jobs. They earn median salaries of $77,750 and $115,010 respectively.

Other Benefits of Education

Education doesn't just provide you with the chance to earn a higher salary or find a job more easily. It can also provide social benefits. According to The Institute for Higher Education Policy (IHEP), higher education correlates with lower crime rates, higher voter participation and an increase in volunteer work (www.ihep.org). The IHEP also stated that having a higher education could increase life expectancy, lead to better health and increase your overall quality of life.