I am sure we have all read and listened to numerous arguments regarding investment towards higher education. How this leads to potential increase in future income. I do realize the potential but that potential is only valid if the degree being pursued is chosen wisely.
It seems like "investing in education" is more or less similar to "investing in stock market." It has come to the point that one cannot decide from one's heart. Just like choosing a winning stock can change one's fortune similarly choosing an education towards a winning field can be rewarding.
Let me try to enunciate this with example in my life. My bride has an undergraduate degree in accounting. It seems like unless one has CPA and/or Masters, undergraduate accounting degree by itself can lead to no higher income generating jobs or potential. If one has to confine to the minimum wage job then why bother wasting 4 (four) years of time and 4*$10,000=$40,000 on public school education for any degree. There is certainly no benefit that can come from this investment.
Now, lets turn around towards Nursing Degree. Two years Associate degree can help one land nursing jobs that pay at least $15/hr. which would increase in wage earning capability. in this case whopping $7/hr higher i.e. $7*2000hrs= $14,000/yr which basically paid for itself.
simply put its worth it if one picks up the winning horse in this case degree and marketable concentration otherwise its definitely like being a sore loser.
No comments:
Post a Comment