Year: 2017
Project(s):
Relevance
Graduate education is a significant component of Mississippi-Alabama Sea Grant Consortium’s annual budget. Graduates go on to land jobs in such places as academia, industry and environmental non-profit organizations.
Response
During the 2014-2017 reporting period, 4.5 Ph.D. degrees, 8.5 master’s degrees and 2 Juris Doctorate degrees were awarded to Mississippi-Alabama Sea Grant-supported students. Based on literature values, the value of a master’s degree is valued $584,881, and a Ph.D. is valued at $1,315,982 over the course of a 30-year career.
Results
The one-time economic impact of Mississippi-Alabama Sea Grant-supported graduate education for 2014-17 was more than $12M based on a 30-year career.
Recap
Mississippi-Alabama Sea Grant’s support for graduate education is valued at $12M. (2017)