Essay

Here are the key words separated by commas: College degree, Higher earnings potential, Career opportunities, Monetary benefits, Employment market, Wage premium, Unemployment rate, Professional development, Personal development, Skills and competencies,

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Course
EDUC 633

Institution
South Carolina State University

The essay "Is College the Best Option?" explores the ongoing debate about the value of a college education in today’s society. It examines both sides of the argument: some people believe that a college degree is essential for success, offering benefits like higher earning potential, expanded care...

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Uploaded on October 24, 2024
Number of pages 5
Written in 2023/2024
Type Essay
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Grade A

college higher earnings potential career

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Is College the Best Option?

Nowadays, there are many questions that cause much controversy around them, with

one being the question of whether college experience and degree are necessary. While some

believe that it is a necessary component in every person’s life and offers many monetary

benefits, others argue that in modern times, it is experience and skills that matter.

Nevertheless, I believe that the benefits of a college degree, such as higher earnings potential,

expanded career opportunities, and personal and professional development, outweigh the

costs for me.

Higher Earning Potential

The first point why I think college is the best option is that a degree will provide me

with a higher earnings potential. In the employment market, college graduates often

command a significant wage premium. A recent article by well-researched scholar Doug

Webber stated that "the typical college graduate will earn roughly $900,000 more than the

typical high school graduate over their working life" and that the monetary benefits of

graduating from a college of four years surpass the associated expenses for the average

student (Newton). Moreover, in the past few years, an average employee with only a high

school diploma made $45,000, while the typical undergraduate with only a bachelor's degree

made almost $78,000 (Abel and Deitz). In general, the college pay premium rose in the 1980s

and 1990s, going from less than $20,000 to around $30,000, and then after 2000, it settled

within a very small range of $30,000 to $35,000 (Abel and Deitz). As a result, one can see

that candidates with a degree will earn more for their qualifications.

, Your Last Name 2

From personal experience, I can argue that the statement about a degree’s possibility

to boost the earnings potential of a person is true by providing an example of my parents. My

mother and father both have a college degree, and growing up, my siblings and I never

struggled financially. Our parents were able to provide us with a comfortable upbringing.

Additionally, they gave us various opportunities to access quality education. Therefore, the

cost of education for me is outweighed by the opportunities I will have.

Expanded Career Opportunities

Furthermore, I think that a college degree will allow me to have expanded career

opportunities. Some might believe that there is still debate about whether or not college

graduates are more employable. If they had not, one might anticipate that a sizable portion of

recent college graduates would have been unemployed. However, as of November 2018, the

unemployment rate for this demographic was a historically low 2.2% (Newton). It was also

quite good—3.5%—for individuals without a college degree but only with a high school

certificate (Newton). Without a doubt, having a college degree increases one's chances of

finding employment. According to a 2017 Harvard Business School analysis, a number of

companies acknowledge that they are now charging a substantial bonus when they hire

employees with college degrees (Newton). Clearly, corporations believe that a college degree

is valuable and should be paid for.

Delving deeper into employers’ perspectives, a bachelor's degree will help me

demonstrate academic aptitude and perseverance. It makes more sense for businesses to

demand a bachelor's degree as more people enroll in college (Murray). Employers who

demanded a bachelor's degree would have been blocking themselves from the majority of

talent when only a small fraction of people obtained college degrees (Murray). In this

situation, a college degree serves as an indicator of skills and abilities.

In my social circle, there is one individual whose journey is a testament to the

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