If you think that a higher education will get you a better income – you’re right! In a competitive workplace, skills are your best asset.
Tomorrow’s manufacturing workforce will have to be prepared to do new jobs that are less mechanical and, instead, require creativity and thought. There is no shortage of problems to solve, products to build, and technologies to develop. So, the more skilled workers the nation has to address these challenges, the better the employment and economic outlook will be. Most jobs of the future will require higher education – even manufacturing.
~ Vivek Wadhwa in Washington post article
Education certainly ‘pays’, but you must not run after degrees to add just another ‘badge’ to your resume. Don’t be hungry for degrees, aspire for knowledge. Higher education must equate to in-depth learning and acquiring the know-how to apply this learning toward your career growth.
Stats and number say much more than words, and here are few to convince you that attaining a higher degree might be helpful in getting a better pay check at your present or next job.
Those with master’s degrees can expect to earn $2.8 million over their career, while doctorate degree holders take home $3.5 million. People with professional degrees earn the biggest bucks, $4.2 million.
According to the US department of Labor:
In 2010, nearly 60 percent of Asian-Americans aged 16 and over were employed and just under one in six of those employed were working part-time. The median wage of Asian- Americans is higher than other racial groups. Half of Asian-Americans working full-time earned $855 or more per week in 2010. One reason that median wages are higher for Asian-Americans is because a much larger proportion of Asians are college graduates: 57.5 percent of employed Asian-Americans who are 25 or older have a college degree.
According to BLS.gov:
As a result of rapid employment growth over the 2008 to 2018 decade, job prospects for computer software engineers should be excellent. Those with practical experience and at least a bachelor’s degree in a computer-related field should have the best opportunities.
Though you may consider college to be an expense that can be avoided, but don’t write off the money spent on higher education before carefully assessing the ROI – and some schools can impress you in this regard!
Have a look: