The MSEE Sweet Spot:
Does graduate school pay off? Here's which degrees have the highest returns, study finds IEEE Spectrum Careers & Education IEEE Spectrum Careers & Education Why Stopping Short of a PhD Often Pays — and How AI Is Rewriting the Calculus A landmark 2025 NBER study confirms what many engineers have long suspected: the marginal return on an EE doctorate, once opportunity costs are factored in, is narrower than the credential implies — and a disrupting AI labor market is tightening the calculus further. April 4, 2026 | Analysis & Opinion BLUF — Bottom Line Up Front A 2025 National Bureau of Economic Research working paper by Yale economist Joseph Altonji and Vassar's Zhengren Zhu, drawing on administrative records for 121 graduate degrees in Texas, finds that a master's degree in electrical engineering yields a cost-adjusted lifetime return of approximately 4 percent — and a PhD in EE, excluded from the study's scope because...