Arizonans who graduate college earn 82% more versus high school grads
Arizona residents who obtain an undergraduate degree earn a median wage that is 82 percent more than individuals with a high school diploma, according to new data from the Arizona Board of Regents.
(Facebook/Arizona State University)
(Facebook/Arizona State University)
PHOENIX — Arizona residents who obtain an undergraduate degree earn a median wage that is 82 percent more than individuals with a high school diploma, according to new data from the Arizona Board of Regents.
Arizonans with an undergraduate degree earn a median wage that is around $22,771 more than Arizonans with just a high school diploma, the data found. For comparison, the data found that Arizona residents who earn a graduate degree only earn about 23 percent more than those with an undergraduate degree.
The 2017 Wages of Graduates Report found Arizonans with bachelor’s degrees had a median annual salary of $50,479, while master’s degrees recipient had a median salary of $62,034. Arizonans with high school diplomas only earned a median of $27,708 per year.
In a statement, Eileen Klein, president of the Arizona Board of Regents, said the data “clearly demonstrated the value of earning a degree from our public universities for our graduates and for our state.”
“This data demonstrates the benefit of higher education, not only in terms of earnings, but in our graduates’ contributions to Arizona’s economy,” part of the statement read. “Our universities and our graduates have a fundamental and foundational role in Arizona. In fact, the universities contributed $11.1 billion in economic impact and produced 102,000 jobs in our state in 2015 alone.”
The data also found that the 284,554 graduates who earned a bachelor’s or graduate degree from an Arizona public university since 1989 paid more than $1.2 billion in combined state and local taxes.
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Comments
4 Comments
....except if you get your degree to become a teacher in Arizona. Then you earn less than a high school grad if you break it down per hour.
Right. With a Ph.D. you can get a job teaching college courses as a contract adjunct -- full-time tenurable positions are being phased out across the land. You will earn, by the time course prep and grading are factored in, slightly less than minimum wage.
You don't need a degree to clean house, a job that pays significantly more.
This is not a surprise but I have no degree and do quite well considering. I am In sales and have a good solid work history and track record. We need to pay our teachers more though. Who wants to earn a degree and teach for a low salary in AZ? I am pretty sure I outearn most of my kids teachers which is really kind of sad.