Some 24.1 million people age 25 and older had master’s degrees in 2021. That’s a 51-percent increase from 2011, when 16 million people held the credential.
The increase makes sense when you consider that, for several years, roughly 40 percent of college freshmen in the American Freshman National Norms survey said they planned to earn a master’s degree. Even though the value of a master’s-level education — especially in certain fields — has faced heightened scrutiny, demand for the degree hasn’t abated, so much so that it’s long been referred to as the
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