Is college still the best way to pursue a career? The experts weigh

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On top of that, getting a four-year college degree seems to be the direct path to career success. According to the analysis b Hamilton Project, A person with a bachelor’s degree earns twice as much as a person with a high school diploma or GED.

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Of course, a person’s real income depends on his choice of career. A graduate with a bachelor’s degree in early life can earn a total of $ 770,000, while a degree in aeronautical engineering earns $ 2.28 million in middle-income.

Not to mention, six out of 10 college seniors graduate with student loans, and pay an average of $ 28,950, according to the latest report from College Access and Success Institute (Ticas). College graduates can earn more, but there is a good chance that a good portion of that income will be spent on student loans and interest. And as a side effect, many are forced to delay as main goals Buying a home Or Save for retirement.

So is going to college and getting a degree still the best way to work hard? We asked the experts.

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College Degree Benefits

According to Rodney Chan, a representative of the College Advice Consulting Company, a college degree will definitely give you some benefits over high school graduates. WeAdmit. Some of the main ones include:

Opportunity to explore your career at a high level

It may not be 100% ready for the vocational college you are looking for, but it will give you a good idea of ​​what to include in your core courses. “For example, if you are interested in the medical profession, taking prerequisite biology and chemistry courses will give you a preview of what might happen if you pursue this career path,” said Chan. College gives you space and time to really explore what you need for your future career.

Read – What does student debt really mean?

Opportunities for work experience

When pursuing a college degree, your college may have practice-related programs in your field of study. In fact, it may be the interning requirement for your degree. “In coaching programs, you can learn handicrafts when you can meet other professionals who have chosen that profession,” Chan said.

Access to alumni network

Some say that going to college is like learning to meet the right people.As part of your college degree, you can now get direct contact information for your school resources and alumni for people in the same field you are currently pursuing, ”Chan said. If you are open to it, you can ask questions about applications and postgraduate jobs you have received.

“As a bonus, online career opportunities could be even bigger for you,” Chan added.

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It depends on what you want to do

Although attending college can give you a foothold in the job market, it is not a guarantee of career success. And there are many legal and high-paying professions that do not require a four-year degree.

Sung Ray, CEO of Sung, says: “College is the best way to get a job. Best, Publisher of Higher Education Research. He explained that for some professions, a bachelor’s degree is required and the expected salary is often worth the investment. For example, nursing often requires a bachelor’s degree and earns a higher average salary after graduation. Fields such as writing may or may not be worth the value of traditional college education. “In order to determine the return on investment, it is important to always compare the average debt with the aluminum salary,” he said.

He also said it is important to consider alternative education options that are cheaper and can lead to similar job opportunities. For example, if you want to track code, boot camps can be a great option for a computer science degree because they cost about 10% of the cost of four years and can deliver similar results in large technology companies. ”

In many cases, going to college is a smart move. That is, as long as you choose a high-paying career and limit your debt. But it is not the only way to a satisfying career. So before you offer a four-year (or more) degree program, spend some time exploring ROI to pursue that field and other subjects to a minimum.

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Last updated August 12, 2021

This article originally appeared on GOBankingRates.com – is college still a better way to pursue a career? The experts weigh

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