It’s a no brainer right? You graduate from high school and you aspire to reach post-secondary education in order to get a better job that will result in higher lifetime earnings over the course of your career.
That’s the path we were told we had to take and if you followed that path you were likely to attain a certain amount of success.
The proportion of adults in Canada with a post-secondary education is the highest among all OECD countries, so it would seem that Canadians have heeded the advice.
But a recent report suggests that a university degree – or more specifically ANY university degree is not enough anymore.
CIBC World Markets issued results from a report on Monday that demonstrates that the return on post-secondary education is dropping because too few students are graduating from programs that are in high demand.
The message is not to abandon the degree but to seek out a degree in the most sought after fields of STEM (Science, Technology, Engineering and Math) if you are seeking a better return on your investment in terms of dollars earned in the job market after graduation.
But is that the only way to evaluate a university degree. Isn’t university a time to explore – open your horizons and seek out new experiences?
It’s back to school time and although many high school students are looking forward to seeing their friends again; many students are very stressed out - according to a recent survey conducted by Ipsos Reid for Big Brothers Big Sisters and CIBC.
The survey identified three major sources of stress: finding a job in their chosen field (68 per cent), not having good enough marks to go to their post-secondary program of choice (58 per cent), and not having the money for college or university (51 per cent).
I often wish I could go back and tell my 20 year-old self to relax and enjoy the experience because although it is important to focus on the end goal – it is equally as important to live the experience. You are only 20 and in university once and if I were mentoring my young self I would tell myself to take some risks because who knows where they might lead. ..
Wednesday, August 28, 2013
The Return on Investment of a University Education… Is That the Only Value of a Degree?
Posted by Unknown at 9:35 AM