New study shows how hard it is for women — even those with advanced degrees — to make the same salary that men earn.
When it comes to pay parity, America is falling quite a few degrees short.
Women need to earn an additional degree than men to make roughly the same salary, according to a new report from the Georgetown University Center on Education and the Workforce.
On average, women with a master’s degree earned $83,000 per year in 2017; that’s less than what men with a just bachelor’s degree earned: $87,000. (Meanwhile, men with a master’s earned an average of $121,000 — far and away the highest earners in the country, as measured by this study.) And women with a bachelor’s earned just negligibly more than men who only held an associates: $61,000 versus $59,000.
The study also parsed out earnings by ethnicity. For instance, white men who have only earned high school diplomas earned an average $47,000 per year — as compared to black women who have earned a bachelor’s ($53,000) and Latina women ($52,000). And while white men who have earned a bachelor’s made $90,000, black and Latina women with a master’s earned just $69,000 and $71,000, respectively.