[Periodic]

It might also be interesting to control for prior experience. Some people enter the masters/PhD program with years of industry experience, as I did.

I'm a little sad to see that after five years in industry I made less than the median Stanford masters grad and was pretty much on par with the recipients of bachelors degrees. I should complete my masters by the end of the academic year and I'm starting to wonder how much I could conceivably be making so I know what to ask for during salary negotiations. I'm expecting my experience should help some, but but I bet the degree will be the eye catcher.