Bachelor's Degree Holders Earn Much Larger Salaries Over A Lifetime

In today's work place, it's a generally understood agreement that earning a bachelors degree is the best way to get a foot in the door for professional jobs. However, with the economy in the doldrums for several years now, that bachelors degree may be even more valuable. The U.S. Census Bureau recently put a dollar value on earnings based on a person's education.



The good news is that a person with a bachelors can earn, on average, almost a million dollars more over a lifetime of earnings than a person who only holds a high school diploma. Although the cost of a college education can be expensive, these figures definitely affirm that the expenditure is worth it. With this four year degree, a person can expect to earn $2.1 million on average, over a lifetime. With a high school diploma, a person can expect to earn only $1.2 million over the same period.



This recent report certainly helps cement the value of a college education. Although it usually takes four years to earn a college degree, those costs can be recouped in higher salary in just a few short years. According to the College Board, the average cost for a four-year state university is $30,420. That's less than the cost of many new cars; even if you have to take out a student loan, the value of the education over the course of lifetime earnings is almost 30 times what the price of tuition is today.



A bachelors degree is generally earned from a four year college or university. Many students transfer over to the four year school after completing an associate degree first. Bachelors degrees are earned by students in a great number of professional disciplines, from accounting to advertising and marketing.



Bachelors degree programs are greatly varied. There are bachelors in liberal arts and humanities fields, for jobs like educational professionals, musicians, or people interested in the social sciences like philosophy or sociology. Others of these degrees focus on careers and professions in business, like accounting or marketing specialists, or people who want to enter the financial sector. Still others are focused on science and technology, to meet the growing demand for jobs in this sector, from engineers to mathematicians.



Most students earn their bachelors degree and enter the work force immediately after graduation. They may have completed an internship in their junior or senior year as a way to gain professional experience. Most colleges and universities have numerous intern programs in place in partnership with local businesses and corporate entities.



While many students view the bachelors as the entry point to their professional career, for others it is merely a gateway to more education. Many students choose to go on to get more education as a way to bolster a new career. Still other career fields demand additional education; for examples doctors and lawyers cannot be licensed without completing several additional years of medical or law school.

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