How to reap the financial benefits of your degree

Return To Article
Add a comment
  • FanOfTheSith Vernal, UT
    May 10, 2016 4:59 a.m.

    American Fork, UT
    "It's time we stop acting like college is the only path to a bright future. Hard work and dedication is the path to a bright future, not a piece of paper."

    Easier said than done because most of the time, two applicants put in for one job opening and the hiring company would go with the applicant that has a college degree. Sad but true.

  • DN Subscriber Cottonwood Heights, UT
    May 9, 2016 9:18 a.m.

    "How to reap the financial benefits of your degree?"

    First, make sure you get a degree in a field where there are actual job opportunities. Those who major in such fields as "gender studies," or African literature, or philosophy or dance have thrown away any chance for financial benefits, and deserve the crushing burden of the debt they incurred.

    As others have noted, many times a college degree is not necessary, especially if not aligned with the individual's interests. Plumbers, auto mechanics and welders get paid very well and provide services much more appreciated than some careers requiring degrees.

  • Johnny Triumph American Fork, UT
    May 6, 2016 8:48 a.m.

    @RBB & @andy - you say that a degree is not necessary and in some cases it might not be. As a hiring manager I can assure you that I'll take a more serious look at the degree holder over an applicant without. I don't even care if the degree is in the field of hire. I have a good understanding that someone holding a degree can take on difficult tasks, can see them through to completion, has most likely developed rational thinking skills to solve those problems, has worked to meet tight deadlines, has tried hard (depending on gpa) to produce high quality results. That doesn't guarantee that the grad is better than the other but I'll look at the grad first and might not look at the other unless the grad disappoints. And in a world where jobs can be hard to come by that extra benefit might make all the difference. And I also don't care where the degree came from, so don't spend a ton on college but GO to college!

  • srw Riverton, UT
    May 3, 2016 1:45 p.m.

    andyjaggy wrote, "It's time we stop acting like college is the only path to a bright future."

    I agree that college isn't the only path to a bright future, but "According to The Wall Street Journal, the Labor Department found that median weekly earnings for full-time wage and salary workers in 2014 was $668 for those with only a high school diploma. For those with at least a bachelor’s degree, median weekly earnings went up to $1,193."

    So the median annual earnings for the high school diploma group is roughly $35K. Some earn more. Some earn less. Each person needs to decide whether that will carry them to a bright future.

    Also let's remember that a certificate or two-year degree can increase a person's earning potential. "Going to college" doesn't have to mean getting a bachelor's degree.

  • Pelukas Bingham, UT
    May 3, 2016 1:28 p.m.

    College education, 2 years or 4 years, or graduate, provide human capital to individuals and society. The State of Utah shows to high cool students the benefits of higher education over years, and anecdotal evidence is just that anecdotal.
    The problem is how we fund higher education, we should not burden students with debt. Lets do as Germany, they provide higher education the same way we provide high schools education, free for the students.

  • andyjaggy American Fork, UT
    May 3, 2016 1:09 p.m.

    It's time we stop acting like college is the only path to a bright future. Hard work and dedication is the path to a bright future, not a piece of paper.

  • RBB Sandy, UT
    May 3, 2016 9:04 a.m.

    While college is nice, it might not be for everyone. An acquaintance of mine is early 20s. She did not go to college and her sister did. Over the last 4 years she has made about $130,000. During that time her sister would have spent about $40,000 to get her social science degree. Even with her college degree, she will start out making less. Assuming that the sister with the college degree quickly gets raises, until she is making $10,000 per year more than her sister, it will take 20 years for her to break even - not counting the time value of money. With that calculated in, she may not break even before retirement.

    I do not want to discourage people to go to college, but students have got to get educated on the real costs before they start digging a big hole. Yes a private liberal arts college sounds wonderful, but if your resulting degree is going to pay $40-50,000 per year, you are mortgaging your entire future for a piece of paper that may mean little more than that from a state school.

  • patriot Cedar Hills, UT
    May 2, 2016 1:02 p.m.

    How to reap the financial benefits of your degree??? Well just grab one of those high pay 'shovel ready' Obama jobs....good luck finding one!