| |
| |
 |
Your Degree Determines Your Earning Potential |
 |
It is an established fact that your earning potential heavily depends upon your sound educational background. A new report published by the US Federal Government this year backs up this assertion. In this article we shall focus on how a professional degree helps an individual increase their earning potential.
First, let’s focus on the costs associated with your educational investments that you. Take for example, a private four-year college in 2009-2010 cost an average of $26,273/year. In contrast, the average cost of a public four-year college is $7,020/year (presumably for in-state tuition/fees).
Adding it up and ignoring possible inflation while you’re attending, students attending a public school can expect to pay around $30k for a four-year degree, whereas those at a private school are looking at a tuition bill somewhere north of $100k. Of course, there are also living expenses, that come in addendum to the college fees.
In comparison, attending an online college or university is a much viable option when it comes to making educational expenditures, as compared to traditional institutes. Accredited universities like Phoenix, WAC, Kaplan and other online universities may cost you around $4000- $5000/ year, which is pretty cheaper than the fees charged by the traditional institutes.
Now, let us take a look at the more lucrative part – your earning potential, relative to your educational level. While there are certainly some exceptions (such as Bill Gates, Steve Jobs etc.), the general trend (of Level of Education against Median Degree) is more or less the same for the full-time workers aged 25 and above, based on their level of education.
| Level of Education |
Median Salary |
| Advanced degree |
$69,056 |
| Bachelor’s degree |
$53,300 |
| College/associate’s degree |
$37,752 |
| High school diploma |
$32,552 |
| Less than high school diploma |
$23,608 |
Simply finishing high school results in a 38% in median salary, whereas completing that bachelor’s degree results in a 41% increase over some college (or an associate’s degree), and a whopping 64% increase over just having a high school diploma.
Moreover, those with a master’s or bachelor’s degree have brighter job prospects than those with just a college degree. Unemployment trend is relatively higher amongst those who possess an Advanced/Master’s degree against those who just have some College Degree. The Level of Education v/s Unemployment Rate showcases an inverse trend as you follow down the list.
I believe that after considering the above mentioned statistics you would certainly consider pursuing a higher degree for yourself, and dedicate a certain percentage of your piggy to acquiring a degree of your interest.
|
|
|
 |
Featured Degree Programs |
 Associate Degrees |
| Bachelor Degrees |
| Master Degrees |
| Doctoral Degrees |
 |
Featured Online
Accreditation Agencies |
| NEASC |
| BOUA |
| ICFHE |
| UCOEA |
| AGC-USA |
|
Career Guide |
| Career Assessment |
| What to Study? |
| Career Planning Tools |
|
Latest News in
Online Education |
Ashwood Incredible Offer
Ashwood University announces for the very first time an incredible Flexible Payment Option.
  Want to know more? |
|
|
Success Stories Corner |
 |
“I wasn’t aware that a degree can change one’s professional life until I earned an online MBA degree from Rochville Univer- |
sity. Since then I have received an interview call from majority of the agencies where I apply. It’s just great to be an MBA without hassles of going to the campus. I’m really glad that I went for it.
Stephanie Brown, MBA in Advertising
|
|
|
Did You Know? |
Over a lifetime a degree
holder can earn over
$1 million in extra income. Source: U.S. Census Bureau Population Surveys, March 1998, 1999, and 2000 |
|
|
, Sundays Open
