A Bachelor’s Degree is Worth What?
Are you looking for motivation for enrolling in an online bachelor’s degree program? Consider this: a recent study at Georgetown University projects that, from 2009 to 2019, more than half of all jobs in the United States will require applicants hold a college degree.
More startling, the study finds that among 25-34 year olds, less than 40 percent hold a two-year degree or higher. In short, if you really want to participate in the workplace, you better enroll in college.
Can you earn more with a four-year degree?
The U.S. Bureau of Labor Statistics (BLS) compared 2010 earnings as well as employment rates for all Americans by their level of education and found that workers with a bachelor’s degree earned a median wage of $1,100 per week in 2010 compared with a median wage of $800 for employees holding an associate’s degree.
On an annual basis, that calculates to almost $15,000 more per year. The median 2010 weekly wage for persons without a college degree is $700.
Hot Jobs and Hotter Bachelor’s Degrees
Online degree programs continue to focus their bachelor’s degree offerings to the rising occupations in the American economy. The BLS reports that the greatest increased percentage of employees by occupational group between 2008 and 2018 will be in the professional occupations and service occupations.
You’ll find that bachelor’s degrees in healthcare related fields, information technology, and business are extremely popular today as they relate directly to the projections for job growth in the next decade. Most self-paced, online bachelor’s degrees can be completed in four years.
A 2011 report by the Society for Human Resource Management (SHRM) revealed that 79 percent of organizations have hired job applicants with online degrees in the last 12 months. The report states that the majority of surveyed HR professionals said they think online degrees are viewed more favorably today than they were several years ago, and a growing number see individual courses taken online as equally credible to courses taken at traditional universities.