Value of a Bachelors Degree
Value of a Bachelors Degree
Having a bachelor degree was a way of showing how successful you have become in your life. The value of these degrees has come into question recently. The value of a bachelor’s degree has dropped significantly over the years. We will look into why the value of the degree has depreciated over the years. For starters, someone with a Bachelors degree could have expected to receive top priority when being considered for a job position. Today, a bachelors degree might get your foot in the door for an interview, but with so many competitors, landing the actual job might prove to be more difficult.
Secondly, depending on your field of study, getting a bachelors degree alone may not be enough to achieve your financial goals. Are the student loans going to hold you back? Do you need to continue you education even farther to achieve your desired success? Finally, the cost of getting your degree is very expensive and may not be worth going into debt. There are many types of bachelor degrees. A Bachelor in Arts (B. A. ) and a Bachelor in Science (B. S. ) are the primary types of degree but there are many more. For example, a Bachelors of Forestry is not going to help you get a job in computer sciences.
The various types of bachelor degrees let the students have a variety of degree programs to choose from. An employer who may only ask for a Bachelor of Arts may find themselves wishing they clarified more on the job posting web site. Employers considered applicants with Bachelors degree a priority over applicants with just a high school diploma or an associate’s degree. Not everyone agrees that a bachelor’s degree should be a qualification for getting a job. Charles Murray agrees that both applicants and organizations would benefit from doing away with a degree requirement (567).
Students who go through certification programs instead of degree program will be able to show employers that they are able to do the job efficiently. In the article “A College Degree Sorts Job Applicants, but Employers Wish It Meant More” agrees that employers “… dinged bachelor’s-degree holders for lacking basic workplace proficiencies, like adaptability, communication skills, and the ability to solve complex problems (Fischer A26). Getting hired right out of college can be difficult because some employers want a degree and experience. Experience only comes when you are able to get hired in your field of study.
Positions that require at least a Bachelors degree will potentially have many applicants. Many candidates could be competing for a single open job position. The competition between candidates does not necessarily help the human resource department. There are many high school students that are continuing their education after graduating high school. There are also many more adults that are returning to college after many years of not attending classes. The reasoning behind all the people returning or continuing their education is because it was the only way to get a good career.
Mary Beth Marklein from USA Today conducted an interview with Charles Murray. When asked if the bachelor degree was eroded, Murray responded, “By making a degree something everyone is supposed to want, we punish people who do not get one” (15B). Forty percent of all college students do not graduate by their sixth year at a four year university (Nemko 561). Many colleges have put classes online to make it available to anyone who applied. There are a number of television advertisements that advertise how going to their online classes could get you your degree in less time.
Sometimes these colleges offer degrees that not employer will accept because it is not from an accredited school. Those who have completed college would have been expected to land a job right out of graduation. They soon come to realize that that is not the reality. In the essay “America’s Most Overrated Product: The Bachelor’s Degree, suggests most college dropouts leave the campus having learned little of value, and with a mountain of debt and devastated self-esteem from their unsuccessful struggles.
Perhaps worst of all, even those who do manage to graduate too, rarely end up in careers that require a college education. Many college graduates are still unemployed because they have not been able to get a job in their field or have took another job that has nothing to do what they went to school for. (Nemko 561). The store clerk at your local grocery store could hold a Bachelor’s in Science and is waiting for his or her dream career. Forty-eight percent of employed college graduates are in jobs that require less than a four-year degree (Adams).
Students that are more likely to get a job out of college are those that are in STEM (science, technology, engineering or math). These graduates have almost a fifty percent more chance of landing a job that requires them to have a four year college degree than none STEM graduates. One of the reasons graduates is having a hard time finding a job is because companies are offshoring. Moving their companies overseas has saved them a lot of money because production and labor is less expensive. Some of the business that has left some of their offices in the United States is only hiring part time workers.
Having part time employment may help some during and right after college, but realistically it is financially impossible to live off of unless you have more than one part time job to pay your bills. The graduate may find themselves having to relocate to a completely different region to look for employment. A great example of not being able to use their degree is my sibling. My brother has a Bachelors of Science in criminal justice. He graduated almost two years ago and still has not been able to use his degree. He was in the Army for most of his college and then went to the National Guard.
He currently has a civilian job with the National Guard that pays almost twenty dollars an hour. When he first graduated, his contract for the National Guard was almost up, so he decided to look into a career that would involve him using his degree. The pay for any of the jobs that he was qualified for paid on average of twelve dollars an hour. He couldn’t afford to take that big of a pay cut when he is trying to support a family of five. The only thing he can do to use his degree is to become an officer and re-enlist for another branch in the military, which not all branches are looking for veterans who want to re-enlist.
Deciding if additional education is needed to make achieve your career goals can be a difficult decision. A simple associate degree may suffice but not get you where you want to be in the future. You made to continue your education even further than a bachelor’s degree and obtain a masters or doctorate. It is no secret that those with degrees are typically more financially stable. Some of these people are ones that are smarter, dedicated to the education, and have the family ties to help them be a success (Nemko 561). Not everyone has the privileges that others receive.
Some have to work extra hard to achieve the goals. They rely on applying for grants and scholarships because they are unable to pay for the education right out of pocket. I made the mistake of trying to attend one of the online universities that offered to earn your degree quickly than a normal college and on my own time. I was young and stupid, so now I have a $5000 student loan for one semester that I only tool two classes. I had to learn a hard lesson. Sometimes things are too good to be true. I have been lucky enough to qualify for financial aid to be able to attend classes now.
The cost of going to college is expensive. Students typically graduate with owing a significant amount of student loans. The average owed is about $25,000 but could go into six figures depending on the college students attend. Financial aid and grants are available but may not cover all cost needed to obtain your degree. There are many households that rely on two incomes to make ends meet. If student loans are owed it could be a financial burden especially if the degree holder is currently not able to get a job in their field of study.
Depending on the loan amount it can take anywhere from 10 years to 25. You are almost old enough to be enjoying your senior citizens discount when you finally paid the loan off. Does the bachelor degree have more prestige than any other benefit? Absolutely. It looks great on any resume. Being a well educated individual is something that was earned by working work and is something that anyone should be proud of. I pick on my brother all the time about the fancy degree he’s earned just to be doing the same old job.
His degree is displayed in a beautiful frame in the living room for all to see. In conclusion, no one can determine for you whether or not getting a bachelor degree is going to be beneficial to you. The downfalls of competition, financial strain, and guaranteed job placement may or may not deter from achieving your desired goals. For the career driven individual, it would benefit them extensively and it even may courage them to continue their education even further. For others it holds no more value than receiving a high school diploma or GED.
Rather it is used at first or not, putting that you have accomplished getting a bachelors degree on a resume may allow you to work your way up the ladder in a company. In the end, the value of the bachelor degree is in the eye of the beholder. Works Cited Adams, Susan. “Half of College Grads Are Working Jobs That Don’t Require A Degree. ” Forbes. 2013. Web. June 2, 2013. Fischer, Karin. “A College Degree Sorts Job Applicants, But Employers Wish It Meant More. ” Chronicle of Higher Education. 2013. A26-27. MasterFILE Complete. May 20, 2013. Web. Marklein, Mary Beth.
“Do Too Many People Go To College? This Author Says Yes. ” USA Today. Ipswich. Aug. 28, 2008. Life Sec. 15B. Web. Murray, Charles. “Should Obama Generation Drop Out? ” The New York Times. 2008. Rpt. In Current Issues and Enduring Questions. Sylvan Barnet and Hugo Bedau. Boston. Bedford/St. Martin’s. 2011. 565-571. Print. Nemko, Marty. “America’s Most Overrated Product: The Bachelor’s Degree. ” The Chronicles of Higher Education. 2008. Rpt. In Current Issues and Enduring Questions. Sylvan Barnet And Hugo Bedau. Boston: Bedford/St. Martin’s. 2011. 560-565. Print.
Subject: Academic degree,
University/College: University of Chicago
Type of paper: Thesis/Dissertation Chapter
Date: 24 September 2016
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