Do you really earn more money because you went to college? - page 7.

Justin00

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To answer OP.. No.

Unless its a specific job like lawyer, doctor etc etc..
Not going to go into the specifics on my finances but I'm a network engineer (12 years experience now) and no formal education other than High school and I do very well.. even 5 years ago (when I had 7 yrs exp) I was doing very well.

You just need to work hard. To get where I am today I had to miss alot of birthdays and special occasions because I was on call/had to work.. but it has paid off now

A lot of my co-workers have degree's and what not, and we all ended up at the same place..

Saying that though... IT is different to a lot of other area's.. Its much easier to teach yourself stuff in IT then it is in other industries.

Hasher99

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Quote from: boumalo on July 03, 2014, 04:20:01 PM

People that go to college are in average brighter, harder working, more ambitious and for more affluante families and they are meant to make more money (as a group) than people that don't go to college

If you factor in the cost of going to college will you really make more money because of the diploma you will get?

Support : https://www.youtube.com/watch?v=nbUFBk3477o (few minutes video debating the subject)

Either or not you implement your knowledge or go into the field you graduated from,A college student is course more brighter and more intelligent than a non college attendee.Practicality comes from knowledge and knowledge from studying.

josephliton

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Before World War II, only a small proportion of Americans went to college. Wink

firejuan

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Because it's sterile...

My B.S. degree is just that BS. I do not know even know where it is right now, but my professional degree is what brings home the bacon. I hated school, but I was good at it so I figured I should make use of my talents. Yes, I still have some student loans, but my first job paid half of it off and the interest rate is below 3%. Where else are you going to find money that cheap?

Gumbork

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No, I could have invest those into bitcoin when it is few dollars.

Coinhunter32

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Quote from: boumalo on July 03, 2014, 04:20:01 PM

People that go to college are in average brighter, harder working, more ambitious and for more affluante families and they are meant to make more money (as a group) than people that don't go to college

If you factor in the cost of going to college will you really make more money because of the diploma you will get?

Support : https://www.youtube.com/watch?v=nbUFBk3477o (few minutes video debating the subject)

You go to college doesn't directly means you are gonna make more money.You make money while you take risks and you get a hand into something real.Yes, you of course get more knowledge on how to implement things onto the sectors you wanna make money.If there wasn't no thing like knowledge and other college graduates around you then imagine you would't have also had a knowledge you had now.It's the influence of educated fellows around too....

boumalo

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Quote from: b!z on August 20, 2014, 05:24:37 PM

i got a philosophy degree, now i'm cruising the Mediterranean, breaking hearts, making millions

Did you make any money directly because of your degree Tongue

?

b!z

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i got a philosophy degree, now i'm cruising the Mediterranean, breaking hearts, making millions

cech4204a

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Quote from: ltc8529 on August 15, 2014, 12:57:08 PM

Quote from: koshgel on August 15, 2014, 12:19:48 PM

It all depends on what type of degree you get in school and what you decide to do with it.

There's a big difference between a Philosophy degree or a Biology degree and if you decide to pursue a graduate program.

$$$ = the amount of motivation you put into succeeding

+1 dont even waste the $$$ going to college unless youre motivated to do the best you can.

I agree with this one, nobody should go to college with no motivation. It's a waste of time.

ProfMac

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I'm am doing a little web reading as homework so that I know what salary is reasonable.

For chemists on March 1, 2013:

Code:

           Industry    Academia
Bachelors  $73,000     $47,600
Masters    $94,100     $57,500
Doctoral  $125,000     $76,500

If you estimate a total of 10 years from Bachelors to Doctorate, that is lost income of $730,000. At an increase of $52,000 / year, it will take about 14 years of doctoral level employment to recover. This is typically by age (22 + 10 + 14) or 46. By age 65, this would be a $988,000 increase in earnings, doctorate above bachelors.

I don't know how to compare high school graduates with Bachelors chemists in a way that a majority would accept.

boumalo

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Quote from: CoinsCoinsEverywhere on August 16, 2014, 02:12:26 PM

Quote from: leex1528 on August 15, 2014, 08:45:59 AM

It depends on are you talking long run or short term, freshly out of college, freshly out of high school?

I would say this:

A person who goes to work for 4 years after high school and gets experience

Versus

A person who goes to College and pays for it and then gets a job:

A person who is working not only will have a lot more money, but they will probably be earning more than the college person at that time.

I would say 5-10 years down the road....the college student will start making more money....and after 15-20 years...the college kid will have more money than the high school grad...

What jobs are you thinking of? When looking at median annual earnings, the high school grad will not catch up to the college grad, even after 4 years. This is from an article earlier this year:

"Among millennials ages 25 to 32, median annual earnings for full-time working college-degree holders are $17,500 greater than for those with high school diplomas only."

If you only have a high school diploma, your salary is not going to increase by $17.5k in 4 years unless you're really really lucky.

http://www.usnews.com/news/articles/2014/02/11/study-income-gap-between-young-college-and-high-school-grads-widens

Edit: This is for the US, of course. It may be different in other countries.

You compare oranges and apple and you don't take into account college cost and lost earnings

leex1528

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Quote from: CoinsCoinsEverywhere on August 16, 2014, 02:12:26 PM

What jobs are you thinking of? When looking at median annual earnings, the high school grad will not catch up to the college grad, even after 4 years. This is from an article earlier this year:

"Among millennials ages 25 to 32, median annual earnings for full-time working college-degree holders are $17,500 greater than for those with high school diplomas only."

If you only have a high school diploma, your salary is not going to increase by $17.5k in 4 years unless you're really really lucky.

http://www.usnews.com/news/articles/2014/02/11/study-income-gap-between-young-college-and-high-school-grads-widens

Edit: This is for the US, of course. It may be different in other countries.

I guess I am just speaking from personal experience and what my friends did. And your point is sort of backing mine up.

College graduates (21-22) work 3 years and then are earning roughly $17,500 more than those with diplomas. While the high school grad will have worked for 8 years at the age of 25, and will have a lot bigger bankroll then the college grad...

Ayers

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maybe if you are recommended, but usually yes

CoinsCoinsEverywhere

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Quote from: leex1528 on August 15, 2014, 08:45:59 AM

It depends on are you talking long run or short term, freshly out of college, freshly out of high school?

I would say this:

A person who goes to work for 4 years after high school and gets experience

Versus

A person who goes to College and pays for it and then gets a job:

A person who is working not only will have a lot more money, but they will probably be earning more than the college person at that time.

I would say 5-10 years down the road....the college student will start making more money....and after 15-20 years...the college kid will have more money than the high school grad...

What jobs are you thinking of? When looking at median annual earnings, the high school grad will not catch up to the college grad, even after 4 years. This is from an article earlier this year:

"Among millennials ages 25 to 32, median annual earnings for full-time working college-degree holders are $17,500 greater than for those with high school diplomas only."

If you only have a high school diploma, your salary is not going to increase by $17.5k in 4 years unless you're really really lucky.

http://www.usnews.com/news/articles/2014/02/11/study-income-gap-between-young-college-and-high-school-grads-widens

Edit: This is for the US, of course. It may be different in other countries.

ltc8529

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Quote from: koshgel on August 15, 2014, 12:19:48 PM

It all depends on what type of degree you get in school and what you decide to do with it.

There's a big difference between a Philosophy degree or a Biology degree and if you decide to pursue a graduate program.

$$$ = the amount of motivation you put into succeeding

+1 dont even waste the $$$ going to college unless youre motivated to do the best you can.

koshgel

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It all depends on what type of degree you get in school and what you decide to do with it.

There's a big difference between a Philosophy degree or a Biology degree and if you decide to pursue a graduate program.

$$$ = the amount of motivation you put into succeeding

Tritek

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Not always you earn more with degree.

boumalo

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Quote from: leex1528 on August 15, 2014, 08:45:59 AM

It depends on are you talking long run or short term, freshly out of college, freshly out of high school?

I would say this:

A person who goes to work for 4 years after high school and gets experience

Versus

A person who goes to College and pays for it and then gets a job:

A person who is working not only will have a lot more money, but they will probably be earning more than the college person at that time.

I would say 5-10 years down the road....the college student will start making more money....and after 15-20 years...the college kid will have more money than the high school grad...

Yes agreed 5-10 years to make the same money and at least 20 to have make more debt/lost income taken into account but we compared orange to apple because college students are smarter, more connected, more eager to suceed and from more affluent families as a group

leex1528

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It depends on are you talking long run or short term, freshly out of college, freshly out of high school?

I would say this:

A person who goes to work for 4 years after high school and gets experience

Versus

A person who goes to College and pays for it and then gets a job:

A person who is working not only will have a lot more money, but they will probably be earning more than the college person at that time.

I would say 5-10 years down the road....the college student will start making more money....and after 15-20 years...the college kid will have more money than the high school grad...

chaosknight

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I think that going to college is better these days cause almost every job requirement is a degree. Unless you want to take high risk and use the money for business...

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