Millennials and Gen Zers have been told a master's degree is the new bachelor's — the minimum level of education needed to land a prestigious, well-paying job. But new research indicates this advice is misleading at best and cynical at worst.
Many master's degrees — including 62% of MBAs, by one estimate — have zero effect on a grad's lifetime earnings. And what are the most financially worthless degrees? According to one researcher, that honor goes to a master's in the arts, humanities, or theology.