The Death of the Bachelor’s Degree

masters-is-the-new-bachelors

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The Bachelor’s Degree: Is It Worth It?

● Average student debt: $29,000 per student
○ In-state tuition at public four-year colleges averaged $8,900 for the 2013-2014
■ Add in room and board, books, and other campus costs, and the full sticker price of attending Your State U totals $22,800
○ Tuition at private universities and colleges averaged $30,100 for the 2013-2014
■ Add in room and board, books, and other campus costs, and the full
■ Sticker price of attending Private U totals $44,750

And for what?
○ 16 % of the country’s bartenders
○ 14% percent of its parking lot attendants
○ 23% of flight attendants
○ 12% of taxi drivers
have a bachelor’s or higher.

What bachelors degrees will get you a job offer?
○ 69% of computer science majors got offers
○ 62% of Economics majors
○ 61% of accounting majors

What degrees won’t?
○ 40% of history majors got offers
○ 33% of English majors and
○ 28% of visual and performing arts majors.

The Master’s Degree:

■ Often priced starting at $20,000 to $30,000
■ 2000 to 2012, the annual production of master’s degrees jumped 63%
■ 42 percent of freshmen are aiming for a master’s
● Nearly twice the share that said a bachelor’s degree was their highest goal

Median weekly earnings:
■ Masters: $1,300
■ Bachelors: $1,066

Unemployment:
■ Masters: 3.5%
■ Bachelors: 4.5%

Associates Degree: Worth More than a Bachelor’s?

● Nearly 30% of Americans with associate’s degrees now make more than those with bachelor’s degrees
○ 29 million jobs paying middle class wages today require only an associate’s
○ by the year 2018 there will be 14 million jobs available which will require more than a high school diploma but less than a college diploma.

Average wage for graduates of community colleges in Tennessee: $38,948
○ $1,300 higher than the average salaries of four-year institutions graduates
● Average wage of occupational and technical degree programs at its community colleges In Virginia
○ $40,000
○ $2,500 more than recent bachelor’s degree recipients
● Median wage for graduates with two year technical degrees in Texas:
○ $50,000
○ $11,000 more than graduates with bachelor’s degrees.

With the right two-year community college degree, you can make:
○ $113,547 – air traffic controllers
○ $76,627 – radiation therapists
○ $70,408 – dental hygienists
○ $69,638 – nuclear medicine technologists
○ $65,853 – registered nurses
○ $63,170 – fashion designers

And its cheaper:
○ Tuition at public two-year colleges averaged just $3,260
■ A two-year community college degree, at present full rates, costs about $6,262
■ A bachelor’s degree from a four-year, private residential university goes for $158,072.

death of the bachelor's degree

Sources:
http://www.csmonitor.com/var/ezflow_site/storage/images/media/content/graphics/2012/0618-weekly/cbachelor_g1/12811429-1-eng-US/CBACHELOR_g1_full_600.jpg
http://www.csmonitor.com/The-Culture/Family/2012/0617/Bachelor-s-degree-Has-it-lost-its-edge-and-its-value
http://www.usnews.com/opinion/articles/2013/05/09/why-a-college-degree-no-longer-guarantees-success?page=2
http://money.cnn.com/2013/10/23/pf/college/college-tuition/index.html?iid=EL
http://www.forbes.com/sites/susanadams/2014/01/10/the-college-degrees-with-the-highest-starting-salaries-2/
http://www.bls.gov/emp/ep_chart_001.htm
http://www.washingtonpost.com/local/education/masters-degree-programs-surge-at-nations-colleges-and-universities/2013/05/25/938462fa-b726-11e2-92f3-f291801936b8_story.html
http://money.cnn.com/2013/02/26/pf/college/community-college-earnings/
http://online.wsj.com/news/articles/SB10001424127887324874204578440901216478088
http://money.cnn.com/2013/09/04/pf/college/college-degrees/index.html?iid=EL
http://www.nytimes.com/2013/08/04/education/edlife/calculating-the-net-worth-of-a-college-degree.html?adxnnl=1&pagewanted=2&adxnnlx=1391706286-cwpbBM89kxELFLXcWkAEAQ&_r=0
http://www.tradingeconomics.com/united-states/unemployment-rate