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The Value of Education Part 3: Variation in Returns to Education by Occupation

A new study by University of Toronto’s Martin Prosperity Institute reveals that while a university education generally offers a higher return on investment (measured in increased earnings over those with only high school diplomas), there are certain occupations in which a college degree offers a better ROI. In healthcare, senior management and legal services, people with university degrees make about 40% more than those with no PSE credential, while those with college degrees make roughly 20% more. However, chefs and cooks, child-care workers, and sales people who have college credentials make about 20% more than those with only high school, while those with university degrees make roughly 5% to 10% more, according to the study.

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Publisher: Martin Prosperity Institute

Jurisdiction: National

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