With an economy only slowly recovering from a deep recession, and jobs still scarce those seeking employment are increasingly realizing the value and importance of a college degree. Oftentimes, because of such an overwhelmingly large pool of seekers, an applicant without an Associate’s, Bachelor’s or even a Master’s degree can automatically be thrown out of an employer’s search, all for a simple lack of certifiable credentials. Whether you have never set foot in a college classroom, or whether you’ve taken a few courses but never completed a degree, this may be the time to start thinking seriously about your education and further, your career goals.
Relationship between Unemployment and Degree Completion
Data from the government proves that higher education degree completion is important for job seekers; according to the Bureau of Labor Statistics, in 2009 the unemployment rate was more than twice as high for persons without a high school diploma than for persons with an Associate’s degree. That gap widens to three times in comparison to persons who hold a Bachelor’s degree. The unemployment rate for persons with Master’s, professional and doctoral degrees was the lowest, at 2-4 percent.
Salary and Degree Completion
Better, a completed undergraduate or graduate degree will not only help you get a job, it has been statistically proven on average to boost pay. The Bureau of Labor Statistics reports that persons with a high school degree make, on average, $626 weekly. In comparison, persons with an Associate’s degree make $761, workers with a Bachelor’s degree make $1,025 and those with a Master’s degree take in $1,257 a week. According to these numbers, a person with an Associate’s degree is likely to earn nearly $7,000 more per annum than someone with just a high school diploma, a person with a Bachelor’s degree is likely to earn nearly $14,000 more a year than someone with an Associate’s degree, and a worker who possesses a Master’s degree is likely to earn nearly $12,000 more annually than someone with just a Bachelor’s degree.
Obtaining your Career Goals
Is money not your only priority? Perhaps another one of your hopes is to gain credibility; you want those above you and under you to respect your input, ideas and position on a daily basis. In these manners, completing an undergraduate or graduate degree will also help you meet your ultimate career goals. Moving up in the workplace—a common occurrence after attaining your first or another degree—typically comes not only with a pay raise but also with greater responsibility; more tasks to complete; and more connections in your field and beyond.
Indeed, it has been shown that skills that are often honed during a student’s higher education incorporate proficiencies that will help them fully reach his or her respective career goals. These aptitudes include the talent to write effectively and convincingly, the ability to fashion a supported, valid argument, and the wherewithal to persevere in the face of overwhelming workloads, challenges or adversity.
Finally, in the job search most applicants notice that connections to people inside and outside their field are a great, almost unrivaled resource. Persons you meet during your career as a student—whether they be professors, instructors, fellow classmates or school administrators—can have a very positive effect on your future prospects. They can recommend your work, mention your name to others, and provide the resources necessary to find the perfect job. So, when calculating the cost-benefit ratio of continuing on or returning to school next semester, be sure to take into mind not only the future possible salary implications, but also the other skills and resources you may attain during the education process.
Bureau of Labor Statistics. <http://www.bls.gov/emp/ep_chart_001.htm>. Retrieved 15 January, 2011.
Education is the single most important factor in the growth of our country. Specifically, higher education paves a future and provides opportunity for students that attend college and gives them a shot at a career. 50 years ago, college was strictly for the elite, high class Americans. Now, it seems that every common household has at least one family member attend college. But with the increasing drop out rate today, students seem less interested in learning at college and their priorities change from their original goal of graduating. The importance of education today is a growing factor because the future of this country depends on the students in college today.
College is misunderstood by many incoming freshman. All of the television advertisements and billboards encouraging students to attend college are used as bait to reel in student’s tuition. Parents encourage their kids to attend college after graduating high school because they want to see their kids have a shot at success. However, college is not cut out for everyone. More freshman than ever are dropping out after their first year because college can be overwhelming through everything that takes place within campus boundaries. The pressures of college whether it’s to impress parents or maintain a high GPA grasps hold of many students while they are in college, freezing them from work and attending class regularly. Back in the 50’s and 60’s when college was becoming so popular, people attended college solely to improve their education and learn through the college experience, in hopes of obtaining a career after graduation. Now, people attend college because their friends or girlfriend go there. Many people attend college just to party as much as possible. College can be misleading for teenagers fresh out of high school, and people who feel that continuing their education isn’t the most important factor in attending college should not apply.
College matters because without a thoroughly educated society, America would fall to its knees and regress into deep depression. Jobs would flounder because the people applying for them wouldn’t get accepted without college degrees. Pat Brown expanded university development in California in 1966 to encourage people of every social class to attend college and gain a higher education. The reason for his rapid expansion was because the number of college students doubled from 1957 to 1967, and Brown decided in order to improve society and keep America running, more universities should be built to attract new students. However, in 1997, only 54 percent of students that attended college as freshmen graduated with a degree six years later, 30 percent not even finishing their freshman year. Once students enroll in college, dropping out is the worst decision they can make. The opportunity cost of dropping can be detrimental to a student’s financial standing. Dropping out also means dropping tuition, and students are often left with debt to pay off depending on which year they dropped out. Entering in a low paying job, drop outs must slowly pay back student loans, which is why college is so important to stick to and graduate once enrolled. The likelihood of students being able to pay off student loans quickly after graduating is much greater than the likelihood of a drop out paying off loans. Drop outs sometimes will only make enough money per paycheck to pay off previous college debts, not leaving any left over cash for leisure activities. Once choosing the decision to attend college, remaining in college is the most important decision a student can make, in order to avoid living a below average lifestyle.
College matters for other students because they may be on a sports scholarship in hopes of playing professionally one day. Many athletes attend college for free, with the scholarship as a motivator for them to learn. The college or university benefits from the athlete through publicity and the media. When athletes go on to become famous, endorsements and gifts are returned to the college in future years. Grants and scholarships are one of the best ways for a college to keep students interested and motivated during their years in school. By giving money to students with high educational capabilities, more students have a better focus on graduating and desire to fulfill a career. Respectively, the lower the cost a college offers, the more applications it will receive in a year. However, since college costs increase every year, it becomes harder and harder for colleges to distribute academic scholarship money, creating an increase on the amount of money paid per tuition. The more money a student pays for in tuition, the more pressure is exerted on the student to receive higher grades. This is especially true for students on academic scholarship. Pressures arise when a 3.8 GPA must be met. As a result of any lower GPA, an academic probation gets put into effect, creating even more pressure on a student to meet the grade requirements in the next semester. Grants and scholarships are important at every college because they keep students interested in their goal to graduate.
The future of America depends on the students in college today. Without successful graduation rates, there wouldn’t be opportunity for growth in this country. College matters because the future of our country depends on the scholars all colleges produce. Although drop out rates increase each year in America, application rates are also increasing because graduating high school students feel the need the attend college. Although some people may chose to attend college because their friends are or their parents did, college can turnout to be a complete success for some, or a complete disaster for others. College matters to the growth and development of any society. People that attend college are the individuals that want to make education a significant importance in their life, obtain a successful career, and live a wealthy life.