Question

You are a male who has a high school diploma. You plan to attend college and earn a bachelor's degree. When you graduate from college, you get a job paying $40,780.00/yr. How much is the difference in your yearly median income from obtaining a bachelor's degree? How does your pay once you graduate compare on a monthly basis to the median income degree level you obtained?

Answer 1

In a survey in 2016, it was found that for 10 broad degree categories ranging from engineering to communications, projected average salary of a bachelor’s degree is  $50,556 in 2016.  In 2017, actual was $50,000 ($49,785, to be exact). If t$50,000 will be the basis, and the male who gets a job paying $ 40,760/yr, the difference in his yearly median income from obtaining a bachelor's degree is $9,240.

His pay  is 18%  lower compared to the median income degree level you obtained, on a monthly basis or yearly basis