Does more education really make a difference?
Statistics say yes – you’re more likely to be employed in a good job if you have some type of post-secondary education. According to a new report from the Center on Education and the Workforce at Georgetown University, of the 11.6 million jobs created in the last 5 years, 8.4 million went to those with at least a bachelor’s degree.
Even if you have an associate’s degree, it helps. Of those 11.6 million jobs, 3 million went to those with an associate’s degree or some college education.
Those with merely a high school education got the leftovers.
College grads make more money as well. According to the Bureau of Labor Statistics, someone with a bachelor’s degree made, on average, $1,137 per week in 2015. If you had only a High School diploma, your average weekly wage was $678, nearly half that of the college grad.
So, what’s the fix?
Go back to school.
This is the most obvious solution. However, before making this move, know why you’re going and what degree or credential you hope to earn. If you get this degree, will it really be easy to get a job that pays what you need? Do your homework! Talk with folks that have finished the program you’re looking to get into. If the school won’t put you in touch with alumni, that’s a bad sign. Stay away.
Be very thoughtful about the cost of the school and beware of schools who promise “free money” to attend. If possible, try to pay for school as you go. If you’re employed, and your company has a tuition reimbursement program, use it.
There are also online programs available, including programs from Harvard and Stanford Universities. Even if you only want to take a few specialized courses in accounting, finance, or marketing, this is a good option. Check out the Open Education Database for free or low-cost college courses.
Remember, even some college work increases your chances for a better job with a better wage.
Millions of people are struggling with huge loads of student loan debt because they didn’t understand what they were signing or the wages they could expect after graduation.ja
Don’t make that mistake.
Get more experience and develop additional skills.
For some, additional formal schooling isn’t practical. But that doesn’t discount learning on your own. There are courses you can take at a very low cost or free on the Internet. Check out Career One Stop for career resources and training.
If you prefer an apprenticeship program, check out this Department of Labor resource for available programs and scholarships.
Ask about additional training at your current employer. Many training budgets go unused because individuals don’t ask for additional training. Work with your manager to develop and training program, and do it!
Yes, it does make a difference if you have some education. Keep adding to your skill set to make yourself more marketable and employable.