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College Talk Blog

Not going to college will cost your kid

Going to college enriches more than your mind. It enriches your chances of getting a job and the salary you are likely to earn. .
 
Employment Prospects
Unemployment is much higher for people whose highest educational attainment is a high school diploma (8.3%) as compared with people who completed a bachelor's degree (4.9%). The majority of employment growth last year involved people with at least a bachelor's degree http://www.bls.gov/emp/ep_chart_001.htm.
 
Income
People with a bachelor's degree are also likely to earn significantly more than a person with only a high school diploma. Average weekly earnings for employees with a bachelor's degree in 2012 was $1066, a $414 per week increase over workers who did not earn a four year degree http://www.bls.gov/emp/ep_chart_001.htm.
 
This year's high school grads don't have to earn a bachelor's degree to improve their career success. Any additional post high school education helps. A two year degree greatly increases employment options and salary. Liklihood of being unemployed goes down with additional degrees while salary goes up as educational achievement rises.
 
The Bottom Line
Students need to add training or education to their high school education to fare well in the world of work. How much more income a student will earn with additional education depends on the field that the student chooses as well as how much education he obtains. Unemployment risk is also affected by occupational group and where a student chooses to live.
 
Copyright © 2013 Rambo Research and Consulting LLC  All rights reserved.
 

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