Besides being an interesting, challenging and important subject, philosophy has practical benefits. Although philosophy graduates have on average lower incomes immediately after graduation, they are well-paid by mid-career (10 years after graduation). Note that most philosophy graduates do not pursue an academic career in philosophy. Philosophy is also good preparation for law school and other graduate programs in the humanities and social sciences. In addition, philosophy graduates have significantly better entrace exams scores (LSAT, GRE, GMAT) for MBA programs, lawschool, and other graduate programs.