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marshalgivens t1_j9qeq6t wrote

Assuming this is true it could be because younger/early career people are more likely to have masters and also have lower salaries because they have less experience.

Edit: I was skeptical of ZipRecruiter's numbers so I just did a quick tabulation of the 2021 ACS. In DC (among people with any earnings) people earned an average of $94,000 in salary/wages, and people with master's degrees earned $116,000.

If you want to check my work I used the online data analyzer tool at usa.ipums.org. I calculated means with dependent variable incwage, row variable educd, and filters year(2021), statefip(11), incwage(1-999998)

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InevitableCloud t1_j9qflzg wrote

Yeah anecdotal too but like… there sure do seem to be a lot of 24 year old- ish folks with masters at their first job around dc, which isn’t gonna pay a lot cause they have no experience… five years from now, if not in the nonprofit sector, it will raise to above the average.

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jj3449 t1_j9rgqjw wrote

I think you will see a bunch of teachers pulling down the average also since these five year masters programs have become pretty normal.

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SteampunkShogun t1_j9qmxbh wrote

Well, this makes me feel a bit inadequate lol. I'm definitely on the younger side (27) and only have a bach and a cert, but I'm making a bit over $60k.... which is obviously quite below the mean of $94k for individual earners.

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MishimaWasRight t1_j9qxe1f wrote

If it makes you feel better I’m 26 with a Masters at a prestigious organization and I make $46,900

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rlpw t1_j9r30wj wrote

Cries in PhD 😭😭😭

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CrossplayQuentin t1_j9rbv4l wrote

Preach. I have a PhD in arguably the most in-demand field of my branch, and after 6 years at Georgetown I'm barely cracking 60k.

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NoIdeaHalp t1_j9s8yi1 wrote

Seriously? Are you full time or an adjunct?

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CrossplayQuentin t1_j9tj62l wrote

Full time baby. 😭

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NoIdeaHalp t1_j9tzslf wrote

I’d wager they’re underpaying you. Boo.

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CrossplayQuentin t1_j9tzw4k wrote

Oh 100%. I'm working on getting out.

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NoIdeaHalp t1_j9vfoqk wrote

What’s plan B once you get out considering you have a doctorate. Genuinely curious.

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CrossplayQuentin t1_j9vge4b wrote

Doing the same thing somewhere else. Salary compression means that just by moving institutions I can probably get a pretty good bump. I could do even better by going into Ed tech or corporate writing gigs but unfortunately I actually like teaching college.

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ehenning1537 t1_j9uu3w2 wrote

Yeah, I bartend 4 nights a week and I really shouldn’t be out-earning you guys.

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rlpw t1_j9s0b4z wrote

Sigh all the feds and military folks getting the DLS degree at SCS to advance/promote. Georgetown has a few other PhD and masters tracks that don’t require extensive research for folks in gov/mil.

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Kief- t1_j9sdqtz wrote

PhDs (especially quant or STEM) are not appropriate comparisons to masters or average salary in DC. Those who want tenure-track professor positions choose to accept low compensation (~90-110k). But they have industry jobs as an outside option if and whenever they want to leave. The current market rate for PhDs with no work experience is 200-250k and many employers offer 6-figure signing bonuses in finance, consulting, pharma, tech (well, maybe not tech at the moment). Government pay is somewhere in between, and those positions generally start at GS-13. If you want to become a professor money probably isn’t the reason you got a PhD anyway.

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FennelSuperb7633 t1_j9tl5d7 wrote

That’s not necessarily true. Business school professors make a ton of money. I don’t know about STEM fields. I would bet a starting salary for a tenure-track political science professor is $120K+ in DC, not bad either.

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Kief- t1_j9tpe6w wrote

Of course, I’m sure 120k+ AP starting positions exist. I didn’t say AP positions are strictly in the 90-110k range. That’s the ballpark and you can find observation points above and below that range.

My point was that PhDs often choose a lower comp even when outside option is available, which is a different situation from master’s. E.g. Business professors with 180k+ salary can find higher paying positions in industry if they wanted to leave academia. So wouldn’t you agree masters vs PhD salaries are not comparable because of the selection bias?

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Medievalismist t1_j9ucp7c wrote

Humanities PhD over here screaming into a bag.

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rlpw t1_j9urs5w wrote

My PhD is in a social science. I knew what the prospects were going in sorta. I say sorta because the choice to get a PhD wasn’t entirely based on the job market - it was based on actual interest and I knew I wasn’t going to be paying for it. But it’s still a bit disappointing when going about looking for work or seeing these salaries.

I saw a few positions targeting just masters level experience and explicitly stated they won’t hire a PhD. At the same time I saw phds hiding their phds to get work. 😩

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Medievalismist t1_j9uzpf9 wrote

I graduated the year after the 2008 crisis. When I went in to the PhD there was still the fantasy that if you did well and worked hard, you could get an academic job. Not only did that evaporate, but they kept evaporating with fewer and fewer and fewer every year since.

Feeling the same as you, where a PhD is either a curiosity that nobody cares about, or is seen as an active hindrance to getting a job. I hate it so much.

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rlpw t1_j9v4py1 wrote

The commenter above mentioned STEM PhD industry salaries are like 200k. Perhaps specific stem fields although most folks don’t consider social science a stem field despite science being in the name. Also the titles of positions can be confusing and arbitrary - ie a “research associate” for some organizations require a PhD while others require at least a bachelors.

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