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What is the worth of a bachelor's degree today?

Students today are looking at the costs of education as if they're picking out luxury cars. Given that, how much do people (more specifically, hiring managers) put into consideration not only the school in which they received their degree (Harvard vs. Arizona State) but as well the type (B.S. vs B.A)?

I would also like to expand on the topic by asking the different types of perks that come with a bachelor's degree (social status, economic stand, etc. etc.)?

What is the value of education today? How important is it?

What is the most important thing to tell current high schoolers about education in your view? #college #business #professor #education #university #money #school #economics

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Cecile’s Answer

Hey Joshua, a simple answer is if college education is tied to your life goals, do it. If not, don't do it. When you look at cost, you look at the earnings at the same time so that you can calculate the ROI (return of investment). College education gives you some skills, academic knowledge, network with classmate, professors, alumni, close friendship at school, etc which could be highly valued by many people. However, if college education is just for someone to get a job that makes a lot of money, not necessarily. Just go get a sales job or be a world famous chef.


To me personally, education is a straight-forward path for me to have enough time reading well-written literature, experiencing systematic training in math, getting to touch different subjects like science/arts/languages early on. It gives you access to rich resources and people who are devoted in sharing knowledge. Someone might be able to get the access without going to school but it will be very limited. More importantly, as a person who enjoys learning, education is the best path for me to meet with friends (students, teachers, random people on campus) who share the same interest or values. Education trained me about discipline, perseverance and sharing. Those are the values I see beyond textbooks and homework.


Hope it helps

Thank you comment icon its very useful to me thank you Hajira
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Gary’s Answer

Hi,
That is a fantastic question with no single answer, it is really up to the individual to figure out what they want in education and their career and also to know the requirement of their career choice as far as education and training that is necessary.
I will offer a different perspective, I started college after joining the Army Reserve while still in high school...after graduation I went to basic and job training for the Army then came home to work, go to school and serve part time in the reserves. I did not like college at first to be very honest, it was not for me. I dropped courses and struggled to work, go to school and serve on the weekends. I did love the military so I ended up going on active duty for 6 years and the military gave me college credits, enough for an Associates degree! :) I did not realize or see the value of a Bachelors degree until I was 38 years old and then I went back to school part time in the evenings while working full time.

I was able to make a good career in business and social services with just my Associates degree and experience but I wanted more so I earned my Bachelors degree and half of my Masters degree.

Bottom line...I think the answer to the question is a very personal choice...for example, if you want to be a Doctor, Lawyer, Accountant or any job that requires education then you will need a degree. If you want to be in business, work with computers or in a trade, then there are multiple ways to get your experience and ecucation...technical college, military training, apprenticeships and more.
I hope this helps...good luck! :)

Thank you comment icon Wow! Thank you for your thoughtful answer and point of view on the subject! It amazes me how you had the courage to pursue something else, knowing that the current system wasn't working for you. I feel that's something that a lot of people lack, and that you strongly model for the younger generation. Through your story, I feel empowered by the choices that I have, so thank you so much! Joshua Joseph
Thank you comment icon its very useful to me thank you Hajira
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Ken’s Answer

Hi!


You asked a very important question. Here is some information that might be helpful.
http://www.campusexplorer.com/college-advice-tips/C56539B2/What-is-the-Value-of-a-Bachelors-Degree/
http://time.com/money/4061150/college-degree-worth-it/


Here are some tips on controlling college costs. Too many people spend too much money on college and thus unnecessarily amass a huge debt.
http://www.educationplanner.org/students/paying-for-school/ways-to-pay/reduce-college-costs.shtml
http://www.moneycrashers.com/ways-reduce-cost-college-education/


Best of luck! Please keep me posted. I would like to follow your progress!

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