Higher education is an investment, which many people often mistake as an expense. We’ve compiled a list of three key reasons to consider investing in education. There are long-term returns to investing in your education and earning an advanced degree including increased salary, more job opportunities, and lower unemployment. 1. Increased Earnings throughout your life According to the Bureau of Labor Statistics in the article “Back to College: BLS Spotlight on Statistics,” the median weekly earnings of workers who have earned a bachelor’s degree was 1.8 times the average amount earned by those with a high school diploma. The median weekly earnings of workers with a bachelor’s degree increased to 2.5 times the earnings of someone who did not complete high school education.
2. Better Job Opportunities In a tough economy and ever-changing job market, the best thing to have is advanced education and training. Degree and professional certification programs help you build the skills employers find most valuable for promotable positions such as management. In fact, The National Center for Education Statistics found that more than 88 percent of all persons in management, professional, and related occupations, and 64 percent of all employed persons over the age of 25 have achieved at least some college education. Percentage of Individuals in management and related fields
Median Weekly Earnings
U.S. News & World Report published that those holding a bachelor’s degree, no matter what field, can expect to earn $1.55 million more in their lifetime than someone with “some college” and $1.30 million more than a person with a maximum education level of high school diploma. Additional education beyond a bachelor’s degree further widens the gap in lifetime earnings.
3. Less likely to be unemployed Brookings Institution in Washington, D.C. found in August 2012 that higher unemployment rates, especially in metropolitan areas across the country, could be the result of education gaps. The number of job openings per unemployed worker in the United States was almost twice as many for people with a bachelor’s degree or higher compared with those who reported having “some college or an associate degree.” According to Department of Numbers, the unemployment rate for individuals with a degree was one-third of the rate for individuals without a high school diploma in November 2012. You can see that education simply makes sense when you are considering how to invest your money. Consider a short-term financial investment for longterm gain throughout your career.
Published on Jul 16, 2013
Published on Jul 16, 2013
Read the second issue of The College Network's eMagazine, Education Editorial to learn more about online education for adult learners.