The advantages of obtaining a bachelor’s degree vary throughout the state, with the Philadelphia metro region having the highest difference in average pay compared to lower academic qualifications, write Michael J. Petrilli and Olivia Piontek for The Philadelphia Inquirer.
In the Keystone state, the average earnings for workers with a bachelor’s degree are 52 percent higher than those with an associate degree – or $89,278 compared to $58,847 for full-time, full-year workers.
The earnings of bachelor’s degree holders are also 78 percent higher than those with a high school diploma.
In the Philadelphia metro region with over six million residents, bachelor’s degree holders earn 54 percent more than associate degree holders and 86 percent more than high school diploma holders.
The average earnings for a bachelor’s degree are also just under the national average of $92,608, creating a strong incentive to invest in a traditional four-year college degree.
Meanwhile, in smaller metro regions, such as Lancaster and Scranton, workers with four-year degrees see smaller advantages than those in the Philadelphia region.
They get just 36 percent and 27 percent higher average earnings than those with two-year degrees, respectively.
Read more about the value of a college degree at The Philadelphia Inquirer by clicking here.
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