Get a Degree, Get a Better Job

Written by College Reunion. Posted in Communications, Masters degrees in communications, Medical laboratory science masters

Medical laboratory science masters

If you have just graduated from high school and are wondering what to do with your life, you should give a good look to going to college. Even if you can start working right away at a decent job, over the long run, a college degree is likely to pay off much more than the head start you get by entering the workforce right out of school.

Consider this: In the U.S., those with four-year college degrees earn about 98% more on average than those with just a high school education. Of course, averages can be skewed by all those doctors and dentists and corporate CEOs making six- and seven-figure incomes, but even when you consider the median, which is the midpoint of all salaries, those with a four-year degree earn about 50% more than people who didn’t finish college and about 60% more than those with no college at all.

What kind of degree you have also makes a difference. People who get degrees in engineering or business tend to make more than those who get an English degree, a communications degree or a human development and family studies degree. For many of the social sciences fields, you need to get a graduate degree — at least a masters and in many cases a doctorate — to see a significant boost in pay. For example, with just an undergraduate human development and family studies degree, there will not be many high-paying jobs available. On the other hand, with just a bachelor’s degree in business, you can easily find a job that pays more than the average bachelor’s degree starting salary of $45,000 a year.

There are other things to take into consideration, of course. Going to a four-year college to get a degree can be very expensive, although 83% of people who have a degree say it was worth it. And while getting a degree can cost $100,000 or more, studies show those without degrees lose more than $500,000 in wages over their lifetimes. You also need to do what makes you happy. If you don’t want the kind of job that comes with a four-year degree, then it may not be worth your while to spend the money.

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