We just wanted to make you aware of a new paper titled “Who Goes to Graduate School and Who Succeeds?” that, as the title states, delves into the demographic details of who goes to graduate school and achieves success. We italicize success because the authors define success as strong future earnings and clearly there can be other motivations in life besides simply money.
The authors conclude that women and African Americans are more likely to pursue masters degrees than higher paying professional and Ph.D. degrees. African Americans are also more likely to attend for-profit schools. We just want to take this opportunity to make sure all of our readers are aware that, while potentially rewarding and enriching, these options tend to lead to lower-paying career fields. So whatever you ultimately decide to do, please ensure you understand the expected return on investment (ROI) for your planned degree.