Going Back To School May Mean A Hefty Pay Raise

5 Reasons to Go Back to School Now!

Considering the current state of the economy, completing a college education is more important than ever.

While the job market is tough for everyone involved, college graduates are less likely to feel the pinch because employers deem them worthy of hiring due to their credentials.

You truly can change the course of your life by going back to school.

However, if you need a bit more convincing, here are five more compelling reasons why you should go back to school now:

1.      Make more money. According to the U.S. Census Bureau, the average annual income for someone who has completed a high school education is $30,000, while the average annual income of a person holding a Bachelor’s degree is $52,000. By completing your college education, you just might be able to give yourself a $22,000 boost in salary.

  • If you currently hold a Bachelor’s degree, you stand to earn a $10,000 pay raise by getting your Master’s. Master’s degree holders have an average annual income of over $62,000.
  • 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.

2.      Lead by example. Going back to school not only benefits your family from a financial standpoint, but it also helps you set a positive example for your children. When your children see you working hard to earn your degree, you’re showing them that earning a college degree is worth the effort. This increases their perceived value of a college education.

3.      Get into the career field of your dreams. Maybe the job you have now was intended to be a stepping-stone a few years ago. However, if you’re still in the position, it’s no longer a stepping-stone – it’s 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 to the table!

4.      Gain a competitive edge. It’s no secret that the job market is rather glum at the moment. Unfortunately, there’s no guarantee that it will improve. 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.

  • Employers can get more for their money by hiring college graduates. So if it comes down to choosing between two applicants, one with a college degree and the other without, nine times out of ten the college graduate will be given the job.

5.      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 becoming a mainstream alternative to in-person schooling and fit nicely into the schedules of working professionals.

  • When choosing an online school, ensure that the school is accredited. If you feel hesitant to attend a 100% online school, choose a local college that offers online course options.

If you’re concerned about paying for schooling, talk to your employer. Regardless of the state of the economy, many employers still offer continued education for their employees on the corporate dime.

And if your company is one of the many that still offer this benefit to their employees, you stand to gain a college education without a large monetary investment!

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