Wednesday, June 12, 2013

Understanding the market value of a college degree


Image source: budgetforhealth.com

For generations, college degrees have always been linked to career success. It seems that graduating from college can easily mean getting a good job with a good salary. But in a real-world sense, it may not always be the case.

Not all college degrees have the same value in the job market. This is something that relies on three things, according to Forbes:

1. Academic performance
Just because a person holds a college degree like the rest of his classmates does not mean he will get the same job opportunities as them. Naturally, graduates with higher grades will be considered first for decent positions. Of course, decent positions also naturally come with good pay.


Image source: businessinsider.com

2. Majors
There are jobs that are in demand, and there are those that are not. Depending on how sought-after a job is in the market, the general salary increases or decreases. When there are only few graduates qualified for much-needed positions, salaries being offered hit the roof.

3. Reputation of the college
According to Forbes, students who graduated from top colleges earn 20 percent more than students coming from lower ranking schools. This just proves that enrolling in a reputable college can be a valuable investment. Of course, graduates must also prove that they don’t rely solely on the name of their school. They must prove to their employers that they are ready to utilize the skills and knowledge they have accumulated in their escalation in the educational ladder.


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As part of College Capture, David Charlow helps families save up for college education. Visit this website for more information.