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We use trusted sources like Peterson’s Data and the National Center for Education Statistics to inform the data for these schools. A doctoral degree represents the pinnacle of higher education. This prestigious academic credential can open doors to leadership roles and advanced careers in specialized fields.
They are also economically valuable, according to data from the U.S. Bureau of Labor Statistics (BLS). According to a 2024 BLS review of education and employment trends, people with doctoral degrees had the lowest unemployment rate of any studied group. They also earned 23.8% more, on average, than people with master’s degrees.
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