New data from Statistics Canada shines a light on the surprising ways the value of post-secondary education is changing.
Last week, the agency released a trove of data that tracks the salaries of graduates from different types of post-secondary institutions.
The data reveals which type of degree, diploma, or certificate—and which fields of study—offer the greatest payoff. It also shows how those payoffs are changing over time.
At the broadest level, the Statistics Canada data show people with more education generally make more money.
Workers with a college certificate made an average of $34,000 two years after graduating, and $40,100 after five years.
Those with an un undergraduate degree, meanwhile, pulled in an average of $47,100 after two years and $54,300 after five.
Master’s Degree holders’ average salary was $70,000 after two years and $81,000 after five.
Average Salary By Type Of Education:
- College certificate: $34,000 (after two years), $40,100 (after five years);
- Professional Degree: $35,700 (after two years), $44,600 (after five years);
- College Diploma: $38,200 (after two years), $45,000 (after five years);
- Undergraduate Degree: $47,100 (after two years), $54,300 (after five years);
- Master’s Degree: $70,000 (after two years), $81,000 (after five years).
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