As if on cue, Room for Debate ran a piece today about what a master's degree is actually worth. The highlight of the debate comes from Richard Vedder:
"Not all degrees are equal — a master’s in anthropology or art probably has less incremental earning power than a M.B.A. or advanced engineering degree. If graduate enrollments soar as more decide to stay in school, the newly minted master’s graduates may find the job market not all that much better in a couple of years than at the present, and end up taking a relatively low paid job — and facing much larger student loan debts than otherwise."
On the one hand, this is not great news the week that you finish your master's in anthropology. On the other hand, if you're racking up advanced degrees in anthropology because you want to earn a lot of money, you probably deserve it.
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