Education and Salary

• So, how rich do you want to be?• Here’s the info on the averages (median)

– That means, some people make more, some less!!! So, no guarantee you make even this much!!!

– Yeah, this is a US wide statistic – might be better , or worse than Hawaii.

/\ 100,000 Rupiah

1 million Lira

100 Trillion Dollars

(I’ve had all 3 of these! And used the 100,000 and

1 million!)

Some High School (dropout)

Male – age 25 Female – age 25

$24,192 $15,073

What this means is that when you are 25, you will probably be making this much

money. And Inflation (the cost of things) goes up

about 3% per year10

High School Grad

Male – age 25 Female – age 25

$32,085 $21,117

12

Some College

Male – age 25 Female – age 25

$39,150 $25,185

HCC / UHH or similar…

13

AA/AS Degree(2 years Community College)

Male – age 25 Female – age 25

$42,385 $29,510

14

BA / BS / BEd Bachelor’s Degree (4 years)

Male – age 25 Female – age 25

$52,265 $36,532

16

Master’s Degree (6 years)

Male – age 25 Female – age 25

$67,123 $45,730

18

Doctorate (8 years+)

Male – age 25 Female – age 25

$78,324 $54,666

(OK, It’s unlikely that you are a 25 year old PhD – 18+8 = 26 on average. (my cousin did it))

20

Professional Degree (Dr etc)

Male – age 25 Female – age 25

$100,000 $66,055

21

In truth, these numbers depends on a whole bunch of stuff – race is, alas, an issue,

marital status is an issue, and, location / where you are living. But on average – the

numbers are reasonable.

Yes, there are exceptions

Bill Gates• Gates graduated from Lakeside

School in 1973. He scored 1590 out of 1600 on the SAT and subsequently enrolled at Harvard in the fall of 1973. Left in 1975 –

• No College Degree!!!!

• Net Worth $40Billion (down from $100Billion due to the current financial situation)

If you didn’t know, he invented Microsoft (Windows, Vista, Word, Excel, PowerPoint, MSN etc.)

Theodore Kaczynski

BA Harvard / PhD Univ of Michigan“Unabomber”

serving a Life Sentence without the possibility of parole as prisoner number 04475–046 in the federal Administrative Maximum Facility supermax in Florence, Colorado

Life is what you make of it.

Persevere through adversity and you just might get there!

OK – Now for a Homework Assignment

• Make a graph showing Salary (y)vs Years of education (x)

• (label the axis, make sure the units are there… you can use excel or other spreadsheets!)

It might look something like thisAverage Salary at Age 25 vs Education

0

20000

40000

60000

80000

100000

120000

5 10 15 20 25

Years of Education

Sala

ry ($

)

Male

Female

DisclaimerAloha

I put together these power points for use in my science classes.You may use them in your classes.

Some images are public domain, some are used under the fair-use provisions of the copyright law, some are mine. Copyright is retained by the owners!

Ted Brattstrom