More and more adults are returning to school for higher degrees but which is the best course to adopt requires some consideration. Thousands of workers are returning to college to give a boost to their career. This is mainly because of recession trends in the American economy. In this article we will list down some degrees that might complement your requirements along with some crucial figures that may help you motivate returning to school.
There are more than 5 million people, over the age of 30 that are currently enrolled in some form of higher education program. Compared to 1970, this is a 322 percent increase. Experts are also of the opinion that by 2019 this number will go up to 6.1 million. The upward trend is there but some degrees are more economically that the others, especially in the longer run!
According to bearue of labor statistics, the most increase in employment from 2010 – 2020 will be seen for students who have completed their Masters program. The least will be for students who have completed their high school diploma (or equivalent)
According to the same study, between the period of 2010 to 2020 almost 7,576,000 will be added to the system requiring high school diploma at least and 142,000 for people with some college or no degree.
Where’s The Scope?
While most jobs will at least require a high school diploma, people with professional degrees will greater return on investment – either on their current jobs or as new jobs.
Whether or not extra education will reflect in the form of ore earning will largely (and has always been) depend on the type of education you pursue. However, more education will not hurt you in any way. The benefits in terms of money might be different but it is surely going to help. Just to push you a little more towards higher education, people who are currently doing a job while studying as well see a 22 percent return on their investment. It’s a big number and something for all of us workers to think about.
Here are the disciplines with highest expected return.
When it comes to paying for your tuition fee, the older students and the young ones find themselves in the same boat. They usually have to pay the same amount. However, adults returning to school may get additional help from their current employers and certain organizations. Close to 85% of all employers offer some kind of relief and benefits for their workers going back to school. Some even pay the entire fee. That’s encouraging, no?
If you’re still confused whether to go for education at this phase of your life or not, remember that if you can devote a 10% of your income to educational expense, you will be worry free. Anything beyond that will be too risky.
In case you have a supporting employer, you should just decide on the course and start studying with full force!
No matter what you choose, we wish you Good Luck!