Earning a college degree is an important step, both personally and professionally. When you consider the financial, social and cultural benefits of higher education, it is easy to see how a degree can make a big difference in your life and career. For example, according to the College Board’s Education Pays report, workers who hold a bachelor’s degree are likely to be “very satisfied” with their work — 9 percent more satisfied than those with less education. In addition, completing a college education “increases the chances that adults will move up the socioeconomic ladder.” And there are even more benefits of having a college degree — the following are just a few.
Higher Earning Potential
For many individuals who go back to school, the chance to earn more money is a major incentive. Postsecondary degrees of all types (associate, bachelor’s, master’s or doctoral) increase your chances of earning higher pay. According to a report by the State Higher Education Executive Officers Association, high school graduates earn an average of $30,000 per year. This number increases dramatically when you consider bachelor’s degree holders: They earn more than $50,000 per year, on average. Finally, those with advanced degrees could earn almost $70,000 a year. This is a wide wage gap that is dramatically affected by the level of education. Of course, your earning potential varies by field and specific career, but these numbers represent averages.