Will a Master’s Degree Ruin Your Chance at Financial Freedom?

A master’s degree shows quite simply that you’re a master (at least to some extent) in a certain subject. For decades, getting a master’s degree has been seen as a financially savvy move to open you up to higher pay, better job opportunities, and golden networking connections. But times have changed, and as more students see college as an inferior option to working, it begs the question: is a graduate degree worth the price?

You can’t know the answer unless you compile tens of thousands of pieces of data. Thankfully, we didn’t have to do that, we just invited Preston Cooper on the show to explain the research he and his team at FREOPP did. You may recognize Preston from his previous episode on the BiggerPockets Money Podcast where he mapped out which undergraduate degrees were worth it. Now, he’s back to show which master’s degrees have the highest (and lowest) ROI.

You’ll hear Preston answer questions like when is the right time to go back to school, which master’s degrees are fatal for financial freedom, and how students should go about choosing a degree or a combination of degrees. So, whether you’re pondering going back to school to get a degree in underwater basket weaving, horse training, or law, Preston has the data to help you make that decision!

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Hear Our Previous Interview with Preston:
https://www.biggerpockets.com/blog/bi...
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Check Out Preston’s Grad Degree and Bachelor Degree Study:
Grad Degree: https://freopp.org/is-graduate-school...
Bachelor’s Degree:
https://freopp.org/is-college-worth-i...
More FREOPP Higher Education Resources: https://freopp.org/roi/home
FREOPP: https://freopp.org/
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Is A Master’s Degree Worth The Pay Raise?
https://www.biggerpockets.com/blog/bi...
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Episode 293

Show notes at: https://www.biggerpockets.com/blog/mo...

00:00 Intro
06:13 What's The ROI of Your Grad Degree?
09:25 Why Most MBAs Aren't Worth It
15:23 Best (and Worst) Grad Degree Paydays
20:31 Employer-Sponsored Graduate Programs
23:23 The Highest ROI Grad Degrees
26:16 Working While Pursuing a Grad Degree
30:09 When Should You Pursue Graduate School?
36:17 Financial Freedom & Student Loan Debt
44:28 Finding Your ROI & Choosing a Career
52:09 Lucrative Degree Combinations
55:06 The Future of College Tuition
01:07:20 What's Next for Preston?
01:08:50 Is Higher Education Worth It?