New census data shows that Adults who earn a bachelor’s degree in college will earn over $20,000 more than adults who only graduated from high school.
Going to college is an investment, one that on average will earn you $1,000,000 more over the course of a lifetime. Employers pay educated people the big bucks because they are making a huge investment as well. The investment is in you and your skills.
Growing Demand for College Graduates in the Workplace
There is a growing demand for college educated workers, mainly because the competition for jobs has become increasingly competitive in the past 10 years. In order to compete, high school graduates should consider a college degree as a viable option.
Why is a college degree helpful?
Companies who hire graduates for entry-level positions are simply searching for the best talent they can find. College career centers and students realize this, so they prep their students in advance on job related skills: proper etiquette, workplace dress, conversational skills, interviewing tips, and so on.
Employers know that students will be well versed on a number of these factors, just by going to college and interacting with other students, faculty, and staff. By hiring college graduates, potential employers can bypass basic training requirements, assuming the student has been there, done that before.
Demand for these types of prepared students is high, and it takes more than a high school diploma to develop and enhance these skills.
Employers pay college graduates well because it’s a good investment for their business. They recruit and hire the top talent, pay them handsomely, and hopefully their employees will reciprocate by becoming high valued assets to the company. It’s a win-win situation for everyone.
Should You Go To College or Not?
Looking at the statistics, unless you’re ready to retire, going to college is worth any hassle or obstacle that you may encounter. At the end, a college degree is one of the biggest investment you’ll make in your life.
Let’s say you’re 40, and your annual salary is $40,000 per year.
You decide that returning to school is a must, so you enroll in classes to earn your bachelor’s degree. Enrolling in a state school is cheaper than a private institution, and when you take time off from your job to return to school, you want to minimize your costs
Once you graduate, your annual salary limit has been increased by $20,000, which entitles you to a salary of at least $60,000.
But guess what? You are entitled to even more money because of your past experience at previous jobs. Valuable experience, combined with a bachelor’s degree, will land you a high paying job because your skill level and knowledge are valuable assets.
You’re a senior in high school, and college is a viable option for your future.
If you have doubts about college, first, realize that school is more than studying and taking tests, it’s also revolves around fun.
Every day, I spend only 3 hours a day in classes, and another 1-2 hours studying. That leaves the rest of my day for activities like basketball, reading, painting, clubs, performances, meetings, etc. College is more about experiences and friendships than actual learning. It’s how you develop your communication and relationship building skills that’s your greatest asset.
You’ll always remember your first night of college drinking or your first day of classes, but probably will forget the rock composition of granite or how evolution began.
How do I pay for College Tuition and Fees?
The best resource for information on loans, grants, scholarships, and alternative financing options is Bankrate. Don’t let money stop you from obtaining your college degree. If you have to borrow the money, then do so. You can pay it back after once you join the workforce.
Going to College can change you (for the better)
College is worth your time for more reasons than money, it eases the transition into adulthood, develops your capacity to learn, and sparks your curiosity.
Enjoy your elevated salary as a college graduate, but most of all, respect the fact that college changed your outlook and made you a better person.
Update: I added a few more key points to the page.
While his background is mostly related to trading stocks, he recently gained interest in real estate crowdfunding with Fundrise.