How The Dollars And Cents Of A Four Year Degree

When it comes to the importance of education, it cannot be denied that the longer you stay in school, the better your position in terms of earning potential during your life. Recent estimates however have produced some surprising figures to support these claims, and I think for one they are remarkable.

Let's talk about things first, though. A high school diploma would earn the average citizen an average of $200,000 in additional lifetime income. However, when it comes to the educational process it is a small step. Some colleges, even without a degree, will raise that figure by an additional $150,000, for a total of $350,000. If that's not enough to convince you, try the facts and figures that tie the extra earning potential that a four-year degree offers: $500,000. This makes a total of $850,000 more in additional earning potential over the course of a lifetime. I don't know about you but, I think those figures are pretty good motivators to go back and pursue a degree.

While a person's education may not be an accurate indicator of his or her true potential, it is often used in the business world to narrow down the growing field of applicants for sadly stagnant positions across the country. There are things you can't see on a piece of paper, and abilities and abilities are among those things. Businesses need a defining factor by which they narrow down the scope of potential employees, and this defining characteristic is often a college degree or a complimentary major course of study in the field of business.

While this may not seem fair to many people who have practical skills, companies are looking for employees who can fill multiple roles to eliminate positions they have occupied in the past. For this reason, they want business people who have technical skills and a college education provides a brief introduction to many of the skills useful in these situations. Unfortunately, the only way to know whether or not you have these specific skills is if you list them on your resume, while those holding a four-year degree are considered on the merits of their education.

The earning potential alone should be enough to make your head turn when it comes to the importance of earning a college degree, although there are many more excellent reasons to complete your degree. If you haven't considered some other wonderful reasons to return to college and get your degree, perhaps the reasons below will provide a little extra inspiration.

1) Challenge. There is very little in life that presents the challenge of returning to college after an absence. This is a frightening prospect for many, and yet can be equally exciting. You will find that constant exposure to academic debate is a great way to feed your mind and open your eyes to new ideas. Challenge your preconceptions and the limits of your own experiences by opening your mind to the thoughts and opinions of others.

2) Learn new skills. There is never a bad time to start learning new skills, no matter what they say about old dogs and new tricks. The truth is that as long as you keep his mind open to learning you are feeding him and that is a great thing.

3) Career advancement. Whether you realize it or not, a college degree is one of the fastest paths to career advancement.

If money wasn't enough to convince you of the impact a four-year degree can make in your life, perhaps the reasons mentioned above were enough to make you want to make the move. Whether or not you realize how much a degree can affect your life, the truth of the matter is, it can improve a lot of things about your life and yourself and the world around you. How to see Now is the perfect time to go back to school and earn your degree.

Enjoyed this article? Stay informed by joining our newsletter!

Comments

You must be logged in to post a comment.

About Author