Earning your degree is an arduous task, not to mention a huge investment of both time and money. Ever been up at 2 a.m., pouring over your books and wonder “is this really worth it?!” Chances are you have, many students feel this sense of discouragement from time to time. But, new research shows that more and more employers are looking to hire workers who hold a college degree for tasks that previously only required a high school diploma. Not only that, but those employees who hold a college degree have a significantly higher earning potential than those without. So in answer to the question “is it worth it?” YES! Earning your college degree is absolutely worth the effort!
More and more jobs require college degree
According to a recent article in U.S. News & World Report, employers are increasingly requiring applicants to hold a college degree for positions that once only required a high school diploma. "Employers are filling more entry-level functions with educated labor," Brent Rasmussen, President of CareerBuilder North America stated in a recent press release. "While some of this may be attributed to a competitive job market that lends itself to college grads taking lower skill jobs, it also speaks to companies raising performance expectations for roles within their firms to enhance overall productivity, product quality and sales." According to a recent study by CareerBuilder, 32% of jobs that previously only required a high school diploma now require a college degree. What does this mean for you? Earning your degree will make you a much more competitive candidate in the job market. The time you spend studying now will pay off once you are ready to look for your next job.
College graduates earning significantly more
In addition to making you more competitive in the job market, earning your degree will help ensure you earn a greater salary once you do start working. The latest U.S. Census report showed that high school drop-outs only earn about $4,026 per quarter, whereas individuals with a college degree earn $11,749 during the same three-month period. Even more striking, those who have earned a post-graduate degree – a masters or doctorate – earn on average $15,733 per quarter.
Over time, your increased earning potential will pay off your college expenses many times over. Coupled with the fact that you are much more competitive in the job market once you have earned your degree, continuing your studies is an obvious choice. So the next time you are up late studying, and maybe feeling a bit frustrated, remember that the work you put in today is the best investment you can make in your financial future.