Go back to school or not. There seems to be more debate about the worth of earning a college degree. We have all heard of those folks that made it big without a college degree, Bill Gates, Orah Winfrey or Steve Jobs. Unfortunately, they are in the minority. What a degree does offer is more job, and promotion opportunities, especially if you are already in the workforce.
Here are five reasons why you should go back to school.
- Higher Salary – According to the Bureau of Labor Statistics, in 2017, the average annual income for someone who has completed a high school education is $37,336, while the average annual income of a person holding a Bachelor’s degree is $61,828, while the average annual income of a person holding an Advanced degree is $75,452. I’ll let you do the math, but you get the idea.
- If you currently hold a Bachelor’s degree, you stand to earn over a $13,000 pay raise by getting your Master’s.
- Yes, going back to school requires a time investment now, but you’ll reap the rewards for the duration of your career in terms of salary and career advancement opportunities.
- Lead by example – Going back to school not only benefits your family from a financial standpoint, but if you have children, it also helps you set a positive example for them. When your children see you working hard to earn your degree, this increases their perceived value of a college education.
- Get the career your passionate about – Maybe the job you have now was intended to be a stepping-stone a few years ago. Guess what, it’s now your career. Going back to school can get you into the career field that you’ve always dreamt of being part of.
- Combined with your current job experience, a degree or professional certification can also start you off in a new job with a higher salary, considering that you have workforce experience.
- Remember: You aren’t a new college grad without real world job experience; you bring a lot of value, and experience to the table!
- Gain a competitive edge – If you ever do find yourself seeking new employment, listing a college degree as one of your credentials will give you a competitive edge over other applicants.
- Flexibility – Earning a college education is more flexible than ever. In some instances, you don’t even have to leave your home in order to attend classes. Online classes are a mainstream alternative to in-person schooling, and fit nicely into the schedules of working professionals.
- When choosing an online school, do your research, ask colleagues, friends and ensure that the school is accredited. Another option, choose a local college that offers online course options.
If you’re concerned about paying for schooling, talk to your employer. Many companies offer some form of tuition reimbursement. Don’t let time or fear keep you from getting that job or promotion you’ve always wanted!
Please reach out if you would like help implementing these steps, happy to help!