Some would argue that a college education may not be worth as much as you think. I say this argument is weak, especially in today’s economy and competitive job market. The fact is any degree is better than no degree. Degree holders are in a better position for job opportunities than their non-degree counterparts. It is also well known that college-educated workers earn more money than non-graduates and they have a lower risk of being unemployed. Higher earnings of degree holders show that employers prefer to pay more to have college graduates work for their company over non-degree holders.
Even though a college degree may not be the only safe path to professional and financial success or may not get you passed through your job interview right away, a college degree is still worth having. As a matter of fact, in some occupations having a degree is the only way to get the job. So won’t you say then, that there are more advantages to having a degree than not having one?
Advantages of a College Degree
Pursuing a college degree is both time consuming and costly, I would have to agree. But in the end, college graduates usually see a return in their hard work and financial investment. Most students who are pursuing a college degree usually set their sights on the long-term payoffs which include:
- Higher salaries
- Lower unemployment
- Greater promotion prospects
- Wider variety of career options
- Less likely to suffer from depression
- Quickly adapt to new tasks and technologies
- Easier to enter any of the fastest growing occupations
Job Outlook for College Graduates
According to statistics and projections from the U.S. Bureau of Labor Statistics (BLS), college graduates will continue to have bright prospects. Between 2002 and 2012, more than 14 million job openings are projected to be filed by workers who have bachelor’s or graduate degree and who are entering an occupation for the first time.
However, the career outlook of individuals with a degree will also depend on:
- The local job market
- The occupation you are trying to enter
- The economy
- Your level of experience
- Level of education attainment
- Field of study
- Employment growth
- The type of degree you have
Historically, education has paid off and the need for college graduates will continue to be in high demand in the workforce. More and more high school students will choose to go to college and earn a college degree simply because of the advantages of having a degree. With careful planning and research and selecting the right degree, is without a doubt well worth the investment. So, how worthy is your degree? I’d say it’s worth having one.
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