Students who gain a college education often have higher lifetime earnings and experience various other benefits, including a better quality of life. Let’s take a look at the importance of a college education.
As you explore whether a bachelor’s degree is right for you, you might run into negative information out there around the value of a bachelor’s degree. Some say too many degrees are flooding the market. Others claim that the acceleration of technology and obsolescence makes academic degrees less important in some fields. But that’s not really a fair assessment.
Is a College Degree Worth it?
Importance of College Education
People who lack college degrees are more likely to be limited to basic service, manufacturing and construction industries.
While employees with a high school education may secure jobs with good benefits, college graduates typically fare better, entering higher-level careers with greater salaries. They are also more likely to receive promotions, earn raises and develop reasoning and communication skills applicable to their jobs.
A college education may be one of the best investments of time and money for a person’s career. A recent report produced by the American Community Survey that the U.S. Census Bureau released stated that those who held a bachelor’s degree were expected to earn a 40-year lifetime salary of about 2.4 million dollars on average. In comparison, high school graduates only took a lifetime salary of about $1.4 million dollars (www.census.gov).
On average, those who held master’s degrees earned $2.8 million dollars. Holders of professional degrees could expect lifetime earnings over $4 million dollars.
Better Life Skills
During their classes, college students often develop the reasoning skills needed to make life decisions, ranging from buying a home to helping their children choose their own college. In fact, college graduates are more likely to have children who also complete a college education.
Other advantages of educational degrees may include better study habits and so-called ‘soft skills’ which spells out into communication and collaborative and cooperative behaviours that enable humans to not only de-escalate dangerous and potentially fatal situations but also negotiate for advantageous placement of self and those close to oneself even in the face of overwhelming obstacles or unfair disadvantage.
When others react with anger or despair, those who have a broad palate of interpersonal skills and coping mechanisms will be successful by persevering, analyzing and assessing the status quo and strategizing towards a new outcome.
These are all skills taught in college in various courses such as Algebra, History, Sociology and Philosophy, such as General Education or the Humanities.