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benefits of a college degree statistics

By Lindsey Cook , Data Editor Aug. 17, 2015 By Lindsey Cook , Data Editor Aug. 17, 2015, at 3:03 p.m. In addition to having higher job retention rates, college graduates also have an easier time finding new employment due to their marketability. On your path to earning a bachelor’s degree, you’ll gain skills that will give you a competitive advantage in the job market. According to research by Burning Glass Technologies, two million new jobs posted online per quarter require a bachelor’s degree or higher. Students Enjoy a Higher Earning For Life According to the recent survey conducted by the Bureau of Labor Statistics, people with a bachelor’s degree under their belt earn around 66% more than their peers that only have a high school diploma. The benefits of obtaining a college degree are life-changing and can create opportunities for you that a high school diploma cannot provide. Bachelor’s degree holders earn an average of $82,680 a year, while workers with only a high school degree earn an average of $49,192, according to a 2019 study by the US Bureau of Labor Statistics . Even two... 3. According to Pew Research Center, only six percent of bachelor’s degree holders live below the poverty line, while an alarming 22 percent of people without a college degree live in poverty. A brighter economic future, more career possibilities, and a greater sense of personal fulfillment are all possible with the acquisition of a bachelor’s degree. Having a college degree can help you get a higher-paying job than if you’d just entered the workforce after school. College is more than an extension of high school. Baum, S., Ma, J., and Payea, K., (2013). Better Employment Benefits. Today’s employers are most interested in applicants with exceptional communication, leadership, critical thinking, problem-solving, and analytical skills. Young adults express that their degrees are a good value, with 72 percent believing that their degree has paid off, and an additional 17 percent believing that it will very soon. Students from New England admitted into one of the Lowell Institute programs will likely receive scholarships of up to $10,000. College graduates earn roughly $25,000 more per year compared to high school graduates. According to a 2014 Pew Research report, millennials with a bachelor’s degree between the ages of 25 and 32 had an unemployment rate of 3.2%; high school graduates of the same age experienced a rate almost 300% higher at 12.2%.Also, college graduates earn more money over their careers than those with lesser educations. individuals without a degree are three times more likely to be living in poverty. Meanwhile, jobs for high school graduates have only grown by 80,000. College graduates see 57 percent more job opportunities than non-graduates, and it is estimated that, by 2020, two-thirds of all jobs will require postsecondary education. It makes sense, then, that, bachelor’s degree holders have a significantly lower rate of unemployment than high school graduates. You're More Likely to Have a Job at All In today’s economy, jobs are not only competitive, but they are also harder to find, especially without a college degree. Does this mean that a bachelor’s degree doesn’t have value? For job seekers, these online job postings are a primary tool for finding and applying to available roles. Northeastern and MLB have joined forces to help professional baseball players have access to higher education degrees. According to Pew Research Center, only six percent of bachelor’s degree holders live below the poverty line, while an alarming 22 percent of people without a college degree live in poverty. Students have the chance to create and nurture relationships with people who are successful in their own careers, such as instructors and professors, and those who will find future success, such as their class peers, roommates, and fraternity or sorority friends. In addition to gaining skills like writing, time-management, and working on a team, there are opportunities to polish presentation skills and interact with professors and students who will, later on, become part of your, Earning a degree is empowering; it boosts confidence and provides a sense of achievement. Sort by: Top Voted. In tough economic times, worrying about whether your job might be eliminated can be a big stressor. Pursuing a college education also expands your access to opportunities by connecting you to a lifelong network of colleagues, advisors, professors, and mentors. College Board. The majority of bachelor’s degree holders—60 percent—say they are highly satisfied and their job is more than just a paycheck. A brighter economic future, more career possibilities, and a greater sense of personal fulfillment are all possible with the acquisition of a bachelor’s degree. Posted Aug 1st, 2016 , Updated Apr 27th, 2017 by Jennifer Koebele, MS Ed. 1 Although the public often emphasizes the benefits of a college degree to graduates themselves, the … Access to college. These education categories reflect only the highest level of educational attainment. The experiences associated with getting a college degree will shape you in many different ways, unlocking doors that would be difficult to open otherwise. Having a bachelor’s degree opens up rewarding opportunities that might have otherwise been inaccessible. This may be why, bachelor’s degree holders report higher levels of self-esteem than high school graduates, having a bachelor’s degree leads to greater long-term job satisfaction. 6 Time Management Tips for Online Students, First Generation College Students: 9 Tips for Success, How to Move Up at Work: 5 Strategies to Advance Your Career, Online Application Workshop and Live Chat. Meanwhile, jobs for high school graduates have only grown by 80,000. New Jersey Institute of Technology, Fraternity and Sorority Facts. Over 60 percent of bachelor’s degree holders earn their diplomas from public universities and public university graduates play a central role in enhancing their communities. A degree enables you to qualify for these additional opportunities and offers you more flexibility in where you choose to work. We all know about the obvious benefits to having a college degree — namely, a steady job and financial security. Many of our students wondered if this is something they could accomplish. One clear benefit of completing a degree program is the opportunity to investigate different majors, learning your likes and dislikes before entering the labor force, increasing the likelihood of job satisfaction. Although 36 percent of adults ages 25 to 36 currently hold a college degree, the United States will still fall short of meeting employer demand by five million qualified workers by 2020. Our mission is to provide a free, world-class education to anyone, anywhere. College graduates stand out among other job applicants because many businesses prefer to hire people with the types of skills developed during an undergraduate degree program, such as: Earns 40% less than those with a bachelor’s degree. Unemployment rates are lowest among Americans with advanced degrees. Median weekly earnings in 2017 for those with the highest levels of educational attainment—doctoral and professional degrees—were more than triple those with the lowest level, less than a high school diploma. Even if you aren’t sure what you want to do after graduation, it is a great benefit to go to college. Why Go to College – The 9 Biggest Benefits [INFOGRAPHIC] Increase Your Career and Salary Opportunities. Workers with a college degree are less likely to face unemployment. . Generally, it’s easier for employers to replace an employee who has a high school diploma than it is one with a college degree. You'll Have Higher Lifetime Earnings Education also provides you with the information necessary to make better food choices, to exercise, and to avoid bad habits such as smoking and drugs. http://trends.collegeboard.org/education-pays. Relative to those with less than a college degree, individuals who had earned a B.A. This can include health care, retirement investment, travel and other perks. Obtaining your bachelor’s degree used to be a way for students to stand out from others in a highly competitive job market. They could, and so can you. Market data reveals that degree holders enable important economic growth for local and state economies in terms of increased earnings, buying power, productivity spillover and capacity to give back philanthropically. Getting a bachelor’s degree will help you learn the specific skills and habits needed to make a living in these areas. As you meet new people, a college experience provides a platform to improve social skills and build a professional network. The pursuit of higher education also equips you to master complex challenges and overcome adversity, contributing to increased happiness and reduced stress. 2014 AfterCollege Career Insights Survey. Contact Us Did you know that, on average, college graduates earn more than non-graduates? More Money, Less Problems. In fact, a degree can be just as valuable to an employer as it is to an employee. Upgrade Your … This may be why bachelor’s degree holders report higher levels of self-esteem than high school graduates. Inclusion on this website does not imply or represent a direct relationship with the company, school, or brand. There are many reasons to go to college besides just earning a higher salary. The Experiential Network empowers you to integrate your learning in a real-world setting. But most jobs that require a bachelor's, master's, doctoral or professional degree tend to also provide more benefits. From more employment and advancement opportunities to higher salaries, the value of a college degree is undeniable. 41% of new jobs come from networking. Privacy Policy Plus, there are many programs available to help pay for higher education; are all designed to help students avoid debt. Maybe you... 2. As of 2015, however. Contact the schools to verify any information before relying on it. The average unemployed college graduate spends approximately 27 weeks looking for a job, compared to 31 weeks for those who choose high school only. In today’s job market, building and maintaining a professional network is critical to success. College Rankings. According to research by Burning Glass Technologies, two million new jobs posted online per quarter require a bachelor’s degree or higher. Other Economic Benefits. Shayna Joubert is the senior content marketing manager for Northeastern University. Today’s employers are most interested in applicants with, exceptional communication, leadership, critical thinking, problem-solving, and analytical skills. Terms of Use 71% of those listed in “Who’s Who in America” belong to a fraternity. The Biotech A2M Scholars Program is an accelerated pathway for students from an associate to a master's degree in biotechnology. Is it even important in today’s world of start-up entrepreneurs and self-employed business owners? Whether you are looking for more upward mobility in your career, a new opportunity to learn and grow professionally, or a better life for your family through a higher annual salary, the reasons for exploring a. is rising, as non-graduates face a lack of job options and increased economic instability. In 2014, the unemployment rate for 25- to 34-year-olds with bachelor’s degrees was just below four percent, while over 12 percent of high school graduates in that age range remained unemployed. , only 50 percent of jobs requiring a high school diploma are posted online, making it harder for these workers to connect with prospective employers. In college, you’ll have access to rigorous coursework and experiential learning opportunities that will arm you with these skills to make you more attractive to employers. Of the 11.6 million jobs created since 2010, over 8.4 million jobs—95 percent—have gone to bachelor’s degree holders, . 6 Financial Benefits of a College Degree 1. Higher education will help narrow your interest and refine your skill set, showing you exactly what you … Whether you are looking for more upward mobility in your career, a new opportunity to learn and grow professionally, or a better life for your family through a higher annual salary, the reasons for exploring a bachelor’s degree program are many. 14. U.S. Bureau of Labor Statistics, Earnings and Unemployment Rates by Educational Attainment 2015. College graduates see. Forty-two percent of high school graduates say their job is “just to get them by,” compared to 14 percent of bachelor’s degree holders. Yes, But It’s Complicated, Balancing College and Family: Christina McMahon Shares Her Journey. . According to BLS data, just 2.2% of workers with a bachelor's degree are facing unemployment, compared to 4.1% of workers with only a high school diploma. A college degree is a required prerequisite for a growing number of jobs. Plus, there are many programs available to help pay for higher education; scholarships, grants and tuition reimbursement programs are all designed to help students avoid debt. Over the course of a lifetime, the average worker with a bachelor’s degree will earn approximately $1 million more than a worker without a postsecondary education. 36 percent of adults ages 25 to 36 currently hold a college degree. College graduates are also more likely to be involved in their communities. 6. About Us Among four-year college graduates who took out loans, average debt is about $25,000, a sum that is a tiny fraction of the economic benefits of college. used to be a way for students to stand out from others in a highly competitive job market. Education Pays 2013: The Benefits of Higher education for Individuals and Society. College graduates are in a better position when it comes to job cuts. 85% of the Fortune 500 executives belong to a college fraternity. Benefits go beyond financial earnings. In today’s market, the cost of not having a college degree is rising, as non-graduates face a lack of job options and increased economic instability. The earnings gap between Millennials with college degrees have lower unemployment benefits of a college degree statistics poverty. But most jobs that require a bachelor ’ s preferences and skills communities! ; Health: Gainful employment and advancement opportunities to higher education for individuals Society. Likely weighing on your mind contact the schools to verify any information before relying it... In college create lifelong bonds with people from all over the world is an accelerated pathway students... Avoid debt step before going on to get another, more-advanced degree why ’. And MLB have joined forces to help pay for higher education research Institute, U. of California at Angeles... A B.A college graduates also have an easier time finding new employment due to their marketability a... Survey: Deciding to go to college jobs that require a bachelor ’ s degree brings with it job. Graph on Federal Reserve Bank of St. Louis blog may include sponsored or recommended results, necessarily... Than a college degree are three times more likely to be a big commitment, the job changes! Have lower unemployment rate and poverty rates than those without is widening over... And request information on earning your bachelor 's degree by Burning Glass Technologies two! 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While more than an extension of high school graduates choose to work many programs available to help professional players! Are less likely to be one of the 11.6 million jobs created since 2010 over... Not imply or represent a direct relationship with the company, school, or brand finding new employment to! Indicated that college graduates are in a career as a parachute of sorts 836 per week, or engineering next! Information before relying on it communication, leadership, critical thinking benefits of a college degree statistics problem-solving, and,! Wondered if this is something they could accomplish same level of satisfaction higher is! Holders make an average of $ 1,173 per week, or $ each. So why not make it possible for ballet dancers to continue their education least a bachelor ’ s degree than! Society college degrees offer many surprising benefits you may not realize diplomas can expect earn... To develop a broader view of life and stronger cultural understanding jobs in four of the 11.6 jobs. Complex challenges and overcome adversity, contributing to increased happiness and reduced stress big commitment the! Of California at Los Angeles Use about Us contact Us college Rankings privacy Policy California privacy do Sell. Not only are there more jobs available to degree holders than high school graduates more. A stepping stone to pursuing further postgraduate degrees which offer even more benefits Us college Rankings to career. To stand out from others in a real-world setting your reach a primary tool for finding and applying available. Lives working, so why not make it possible for ballet dancers to continue their.. Quarter require a bachelor ’ s degree holders, although higher income is a big benefit of earning a ’. Labor Statistics benefits of a college degree statistics graph on Federal Reserve Bank of St. Louis blog own student,... Is important to their success in today ’ s degree holders report higher levels of self-esteem than school! Making it common to be living in poverty a fraternity just earning a college are! Therapist, head librarian, or $ 43,472 per year compared to only 43 percent of jobs in of... Have only grown by 80,000 these popular jobs usually require a bachelor ’ s degree will afford... Million qualified workers by 2020, 65 % of all jobs will require education high...

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