Is an ICSW Degree worth the cost?
Return on investment (ROI) is a metric that investors often use to evaluate the profitability of an investment or to compare returns across a number of investments.
It is expressed as a percentage.
For our purposes, in essence, it means does paying the tuition to obtain an ICSW Master’s or Doctoral degree (Investment) yield enough of a return (for example, additional future earnings of next best alternative) to make the endeavour worthwhile?
Source: Investopedia
What Will I Earn After Finishing My Degree?
Estimated Earnings Immediately After Graduation and at Age 45, by Degree
Institution: Institute for Clinical Social Work
Degree Type: Doctoral
Degree Field: Mental and Social Health Services and Allied Professions
Earnings at Graduation: $86,815
Earnings at Age 45: $136,557
Source: Freeopp.org
The median master’s degree has a net ROI of $83,000.
But some master’s degrees are worth over $1 million,
while 40 percent have no net financial value at all.
Source: Freeopp.org
Recent Social Security Administration Lifetime Earning Analysis vs. high school graduates:
Graduate degree holders earns between $1.1- $1.5 million more over life
Source: Social Security Administration
What our recent graduates have to say:
Forty percent (40%) of ICSW graduates indicate they earn between $50,000 - $99,999 annually
Sixty percent (60%) of ICSW graduates indicate they earn over $100,000 annually
Source: 2024 First Destination Survey