Some companies have clearly defined requirements for each of their positions, and education is usually at the top of the list. Many corporations will not give management positions to anyone without a bachelor’s degree, and some business types will not make it without a master’s of business administration, or MBA.

Having a college degree tells your current or prospective employer a lot. First, students gain a wealth of knowledge in school, and spending two or four years immersed in a program dedicated to your job field arms you with the knowledge you will need from day one on the job. Employers know that if you have a degree, you will not need as much training as those without one. A degree program also gives you a different perspective of the industry than that of someone without it. Most programs cover theory in addition to practical application and generally offer a historical insight that someone might never gain with just on-the-job training.

How much is that college degree really worth? That depends on your degree. A degree that is not in demand will not be a good investment. It turns out that some certificates and diplomas are worth a lot more than degrees, during a lifetime of work. However if you choose wisely your degree can unlock a wealth of opportunities for you.

  • A degree gives you prestige as well as the feeling of accomplishment and achievement.
  • A degree serves as proof that you are knowledgeable and qualified in your field. It also shows that you have problem solving and critical thinking skills as well as commitment. This kind of instruction helps you become more well rounded and versatile, something employers consider to be very valuable.
  • Studying a degree gives you access to a network of professionals and experts that can open many doors.
  • Higher education is what distinguishes low-income from high earning potential. In the professional world, earning a college degree generally means receiving a higher salary.
  • Studies shows graduates have fared much better in the economic recovery than those without a degree. Despite the struggles of recession, workers with college degrees still enjoy a substantial wage benefit over those with only a high school education.
  • Pursuing a degree helps set you apart from the competition. Even undergraduate students have access to better positions and more opportunities.
  • Professionals like engineers, scientists and even financial types tend to have two careers. First, they have a technical career – they are a chemist, engineer, biologist, bank analyst. Then they have a second career as a manager. If you work in a job that is more technical, the odds that you will become a manager are much higher than if you become a schoolteacher.
  • Parents with degrees are more likely to raise children in a way that prepares them better for life and further studies. These children have a much better chance of reaching their full potential and are valuable members of society.
  • Interesting research proved people with degrees are more likely to live healthy, meaningful lives, as they understand the value of exercise, volunteering, voting and smarter life choices.
  • People with degrees tend to be more satisfied in their jobs, which leads to higher overall well-being.
  • Besides the benefit of higher positions and better salaries, graduates more likely enjoy desirable packages that include medical en higher pension benefits.

Even the expensive degrees cost only a fraction of their ultimate payoff. In fact, one could argue that the only choice more expensive than having a degree – is not having a degree.

The impact of your degree on your salary depends on the type of degree you are pursuing. Advanced degrees generally have a greater impact on your salary than a standard degree program. For example, pursuing a master’s degree may lead to higher salary jobs than an associate degree. In addition, specialised degree programs such as a juris doctorate, or J.D., can lead to a law career in a high-salary profession. J. The advanced degree you pursue should link to the career you choose to pursue if you want to increase your chances of improving your salary potential.