Newspaper Page Design 2009 Harvey Winners

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Features A college education proves to be financially rewarding TROJAN TRIBUNE

10.03.2008

$3.4

Doctoral Degree

Professional Degree

Allison Smith

editor

While college may be expensive, higher education brings financial benefits. According to the U.S. Census Bureau, Bachelor’s degree holders will earn an average of $2.1 million in a lifetime, compared to high school graduates who will earn an average of $1.2 million. People earning higher degrees will have even larger lifetime earnings. Master’s degree holders earn a lifetime average of $2.5 million and people holding professional degrees earn an average

of $4.4 million. Jon Poore, senior, plans to earn a PhD in pharmacy. “I’ll make six figures out of college,” said Poore. Julia Rainey, junior, also realizes that the price of college tuition is worth the career opportunities a degree provides. “The money I’m going to have to pay is worth it because when I get my job, I’ll be able to pay it off,” she said. Rainey is planning for at least eight years of college in order to become a medical psychologist. The majority of BCHS students are on track to higher earnings. According

Careers on the rise

Auditors

These careers have a high projected need for employees from 20062016. Information gathered from careervoyages.gov

Top Jobs Based on a school-wide survey given Sept. 23, the Trib compiled students’ top five career choices and researched the demand for these jobs in the future, what type of degree they require and how much they pay. While a career in business was among the top five choices, we chose not to include it due to the broad array of careers and salaries students might pursue. Information gathered from the Bureau of Labor Statistics and Careerbuilder.com

to a school-wide survey with a 68 percent response, 99 percent of students plan to earn a college degree. While most students’ future goals include college, the percentage of people in Indiana who actually have a bachelor’s degree or higher is not large. Fourteen percent of adult Hoosiers have a bachelor’s degree and just eight percent have a graduate degree. Poore said he does not find this surprising. “I guess it’s good for me because there will b e more job opportunities.”

Auditors examine and analyze accounting records. Along with accountants, the number of employees in this career is expected to increase by 225,500 from 2006-2016.

$4.4

Master’s Degree

$2.5

Bachelor’s Degree

$2.1

Assosciate’s Degree

$1.6

Some College

$1.5

High School Graduate Not a High School Graduate

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$1.2 $1.0 0

$0.5

$1.0 $1.5 $2.0 $2.5 $3.0 $3.5 $4.0 $4.5 $5.0 (in millions, 1999 dollars)

Lifetime career earnings based on educational attainment Based on “The Big Payoff: Educational Attainment and Synthetic Estimates of Wok-Life Earnings,” a study by the U.S. Census Bureau

Anesthesiologists

Anesthesiologists administer anesthetic drugs to patients before surgery or other medical procedures. From 2006-2016, there will be a need of 90,200 new anesthesiologists.

Computer software engineeers

Employees in this field research, desig n and test computer software. By 2016, there will be an additional 150,00 job openings.

Police and sheriff ’s patrol officers

By 2016, an additional 70,100 police officers, sheriffs, and deputy sheriffs will be needed in the country. On average, there are 400 annual job openings in this career in Indiana.

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Nurse

Veterinarian

Lawyer

Psychologist

Registered nurses are in high demand. The projected number of new registered nurses needed in the U.S. between 2006-2016 is 587,00 and the need is growing. Starting Salary: $41,173 (BS degeree) Mean Salary: $57,280 Degree Required: Assosciate’s or Bachelor’s “I’m really interested in medicine. I like being able to do hands-on work and I like helping people. There’s a shortage of nurses so you can find a job easily and they pay you pretty well.” Paige Snyder, senior

The projected growth of the veterinary field is faster than average, with a 35 percent projected increase from 2006-2016. Starting Salary: $62,400 Mean Salary: $71,990 Degree required: Professional

Elementary teacher

“I like biology and animals so I feel like I would always be satisfied with my job.” Ally Pauszek, senior

Elementary education is a growing job field, with a projected need for 209,000 new teachers by 2016 and a 14 percent growth rate. Starting Salary: $29,414 Mean Salary: $45,00 Degree required: Bachelor’s “I’ve just always wanted to teach kids. I’ve had some practice with it with my service work teaching vacation bible school and teaching a religious education class.” Claire Bidmead, senior

This occupation’s projected growth rate for 2006-2016 is 11 percent. The demand for legal services is also expected to increase. Starting Salary: $60,000 Mean salary: $102,470 Degree required: Professional “My uncle went through law school and I like watching shows like Law and Order and CSI. I like helping people with their problems. I’m good at arguing and I’m a people person.” Felix Metzger, senior

D ue to t he incre asing demand for psychologists in schools, hospitals, substance abuse clinics and social service agencies, this field is expected to grow 15 percent by 2016. Starting Salary: $46,153 Mean salary: $59,440 Degree required: Doctoral “I want to get my MD and do medical psychology and have my own practice. Psychology is really interesting to me and it’s helping people at the same time.” Julia Rainey, junior


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