Salary.com reports that the median salary of someone with a doctorate degree is $70,000.
Doctorate students who complete their degrees earn, on average, $680,000 more over the course of their lifetime than those with just master’s degrees, and more than $1 million more than those who stop at the bachelor’s level.
The National Science Foundation reports that the average Ph.D. student completed their program of study in 7.5 years.
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** National Average Income Based on Education Level
Source: U.S. Census Bureau Population Survey 2004
