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+--- Thread: Incentive to finish your degree... (/Thread-Incentive-to-finish-your-degree)
Incentive to finish your degree... - IrishJohn - 04-05-2010
From today's Wall Street Journal:
In general, highly trained and educated workers are faring better than those without degrees in this labor market. The unemployment rate for college graduates is 5%, compared with 9.7% overall. In general, the employment picture is improving, with employers adding 162,000 jobs in March, the biggest monthly gain in three years.
Kids Feel Pinch of Parents' Unemployment - WSJ.com
Interesting article. It appears that many younger students seeking help from their parents to pay for college are out-of-luck too given the state of the economy.
Incentive to finish your degree... - Lindagerr - 04-05-2010
I'm sure some people would say they were living the good life before, but I know some of these jobs come with expectations. You can't have a dinner party for 12 or entertain out of town business associates in a 2500 sq. ft. home. Making that kind of money does have other cost. A good friend of mine has a husband who makes good money as a vice president of a big company. Part of the "benefits" of the job is 50-75% travel. That is a lot of time to be away from your family and then when he is home he spends 10-12 hours at work catching up.
I feel sorry for the younger kids in these stories who are not going to get the opportunities, but I have to wonder where is the older sibling who got the expensive education, why aren't they helping?
Incentive to finish your degree... - ideafx - 04-06-2010
IrishJohn Wrote:From today's Wall Street Journal:A 5% unemployment rate doesn't mean much when considering the fact that many college grads are underemployed. I would argue that the $8/hr clerk with a HS diploma and no debt is better off than the $10/hr clerk with an engineering degree.
In general, highly trained and educated workers are faring better than those without degrees in this labor market. The unemployment rate for college graduates is 5%, compared with 9.7% overall. In general, the employment picture is improving, with employers adding 162,000 jobs in March, the biggest monthly gain in three years.
Kids Feel Pinch of Parents' Unemployment - WSJ.com
Interesting article. It appears that many younger students seeking help from their parents to pay for college are out-of-luck too given the state of the economy.
Incentive to finish your degree... - Basket Weaver - 04-07-2010
ideafx Wrote:A 5% unemployment rate doesn't mean much when considering the fact that many college grads are underemployed. I would argue that the $8/hr clerk with a HS diploma and no debt is better off than the $10/hr clerk with an engineering degree.
I agree, from my job search experience, many jobs require are requiring degrees which did not previously require them. Fact is, the job market is so glutted by degree holders that it is almost a prerequisite to have a degree to get hired. This does not mean that you will get paid more, in most cases, it is just a block that needs to be checked off. Having a professional degree would be the exception.
One can hardly peruse the internet anymore without seeing ads from online colleges spreading the stats about how much more one will make with a degree, especially a Masters degree. This was once true, but not as accurate in today's job market. Online/distance learning is enabling more people to reach their educational goals and is producing far many more graduates than in the past. What happens to the job market with the addition of all these degree holders? Do you think employers will continue to pay more for someone solely based on their education? I think that anyone without a college degree, not in a trade field, is going to have a difficult time finding a decent job. Those with a degree, especially general degrees like my "Liberal Studies" will be disappointed by the pay; I know I was/am.
The value of a degree is an evolution that is still in transition.
Do I think a degree is still worth going after? Absolutely; they fill a block and place you on the next rung of the proverbial career ladder, just don't expect the world because you have one.
I started this journey to fulfill a personal goal of having a degree...any degree. In retrospect, I wish that I would have gone after a professional degree, one that actually means something to someone else besides myself. Just my view, I think it's good to get both sides.
EDIT: Talk about timing...check this out
"Career-fair recruiting at MSU is down 25% this year. The same story is heard on college campuses from coast to coast: Companies have cut back hiring and when they do have jobs, they have plenty of experienced applicants to pick from. College graduates typically need further training and seasoning, so many employers are skipping college career fairs this year or tapping former interns if they need fresh talent."
college-grads-outlook-grim: Personal Finance News from Yahoo! Finance