Infographic: How Higher Education Jump-Starts Earning Potential?

Infographic: How Higher Education Jump-Starts Earning Potential?

Infographic: How Higher Education Jump-Starts Earning Potential?

Infographic: How Higher Education Jump-Starts Earning Potential?

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How Higher Education Jump-Starts Earning Potential

Pursuing higher education requires time and dedication, so it’s important to understand the long-term value that an academic degree can offer. An associate or bachelor’s degree can boost your yearly salary, reduce your chances of being unemployed, and result in greater career success.

Percent of workers ages 25-32 who say they need more education and training to get ahead in their current job, based on level of education

  • High school diploma or less 59%
  • Associate degree/Some college 45%
  • Bachelor’s degree or more 37%

College Graduates Earn Higher Salaries

Although many factors influence lifetime earnings, a college degree is a major key to economic opportunity.
Median Lifetime Earnings by Highest Educational Level Completed (2009 dollars)

  • Less than high school $973,000
  • High school diploma $1,304,000
  • Associate degree $1,727,000
  • Bachelor’s degree $2,268,000
  • 31% earnings increase over those with an associate degree
  • 74% earnings increase over those with High School diploma

Average Lifetime Earnings for Popular Careers Based on Level of Education

For workers with an associate degree, these occupations offer higher-than-average lifetime earnings:
In lifetime earnings

  • Supervisor/Manager of Administrative Support Workers $1,736,000
  • Sales Representative, Wholesale and Manufacturing $2,009,000
  • Other Managers $2,292,000

For workers with a bachelor’s degree, these careers exceed the average in lifetime earnings:
In lifetime earnings

  • Financial Manager $3,081,000
  • Marketing and Sales Manager $3,494,000
  • Chief Executive $4,483,000

The Growing Value Gap Between A High School Diploma and a College Education

In today’s employment market, a high school diploma won’t propel workers as far as it once did.
Achievement Disparity Among Workers Ages 25-31 by Education Level (2014)
Unemployment Rate

  • Bachelor’s degree or more 3.8%
  • High school graduate 12.2%

Median Annual Earnings (Full-Time)

  • Bachelor’s degree or more $45,500
  • High school graduate $28,000

Growing Earnings Gap:

The difference in median annual earnings of college and high school graduates at age 25-32
College graduates earn more in earnings than high school graduates

  • $17,500 more per year
  • $1,000,000 more over a lifetime

A Foundation for Future Growth

Although some recent college grads may be temporarily “underemployed,” (working a job that doesn’t require a degree,) they’re likely to transition to higher-paying jobs.

  • ONLY 6.6% of college graduates work low-skilled, low-paying jobs past age 26

  • 33% of bachelor’s degree holders continue on to earn graduate and professional degrees, resulting in even greater returns on their educational investment

Median Lifetime Earnings by Highest Educational Level Completed (2009 dollars)

  • Bachelor’s degree $2,268,000
  • Master’s degree $2,671,000
  • Doctoral degree $3,252,000
  • Professional degree $3,648,000

Earning an Associate or Bachelor's degree not only opens up opportunities for more specialized education, but is also in itself a major indicator of financial success. Learn more about how an Online Associate or Bachelor's degree can shape your future.

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Sources
1. https://1gyhoq479ufd3yna29x7ubjn-wpengine.netdna-ssl.com/wp-content/uplo...
2. https://www.pewsocialtrends.org/2014/02/11/the-rising-cost-of-not-going-...
3. https://www.cornerstone.edu/blogs/lifelong-learning-matters/post/do-coll...

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