Today, we revisit our conversation about higher education by addressing a listener’s question about the economic value and affordability of a college degree for middle-class families. We begin the conversation by discussing whether institutional prestige matters for getting a job and earnings (25:37), what employers are truly looking for in potential employees (28:00), and the particular fields where school name matters (29:36). We then discuss lifetime earnings by degree type (32:06) and the fields in which advanced degrees may or may not pay off (34:19). Next, we have a conversation about the relationship between undergraduate institution and graduate school acceptance (40:11), the difference between pursuing a master’s degree versus a PhD (43:14), and what graduate schools look for in students (47:25). We then discuss whether or not your major matters for securing a job or attending graduate school (58:35). We close the conversation by discussing how to attend graduate school without going into debt (1:03:50) and strategies that middle class families can use to make college more affordable for their children (1:12:40).
Other Topics Include:
00:30 - Catch up with Ty and Daphne
07:03 - BhD “Oh Lawd” News Segment
20:30 - Introduction of Segment
50:15 - How Daphne Recovered from a 1.57 GPA
1:01:30 - College major and the gender pay gap
1:09:46 - The Script for Applying to PhD Programs