Doctoral degrees: The disposable academic | The Economist

A very slim premium

PhD graduates do at least earn more than those with a bachelor’s degree. A study in the Journal of Higher Education Policy and Management by Bernard Casey shows that British men with a bachelor’s degree earn 14% more than those who could have gone to university but chose not to. The earnings premium for a PhD is 26%. But the premium for a master’s degree, which can be accomplished in as little as one year, is almost as high, at 23%. In some subjects the premium for a PhD vanishes entirely. PhDs in maths and computing, social sciences and languages earn no more than those with master’s degrees. The premium for a PhD is actually smaller than for a master’s degree in engineering and technology, architecture and education. Only in medicine, other sciences, and business and financial studies is it high enough to be worthwhile. Over all subjects, a PhD commands only a 3% premium over a master’s degree.

via economist.com

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Mint Launches Online Finance Game for Middle School Classrooms | Fast Company

Intuit-owned Mint.com, the service that made budgeting a fun task, has partnered with Scholastic to offer a free, online personal-finance program to middle-school students, teachers, and parents. The program aims to help build money management skills at a young age. It will feature colorful classroom lesson plans and materials, as well as an interactive game, that should translate to younger audiences.

The materials are expected to be available for teachers beginning today, and will have a nationwide distribution to 30,000 classroom and 100,000 students by early next year.

via fastcompany.com

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