Module 1 TD- TUX 101 - Earning a College Degree - Essay Example

Essay: Earning a college degree College education College education has in recent years become more essential than ever before in regard toincreasing personal income, according to the Organization for Economic Cooperation and Development (OECD). Thus there is no better investment one can make than in investing in one’s education. This is because education has got high rate of return of 10% t0 15% not mentioning other returns one can make currently getting similar rates of return. For instance, in America, men get a return of 12.

3% on college education as compared to a return of 6% in the stock market. An analysis carried out in 29 countries (mostly industrialized ones) confirmed the long-known impression that college education is universally worth the cost and time. On average, degree holders earn 1.5 times that of adults with diplomas from high-school.Whereas a degree is a good investment in other countries, no other nation rewards it like the US. Nonetheless, a degree has got a higher rate of return than majority of financial investments, and it seems these benefits are rising due to financial crisis.

This is because, there is a rising premium on superior skills and the biggest casualties are the low skilled since the work is getting digitized, outsourced, automated etc. Secondly, majority of companies use screening rules while selecting potential employees, one of the first rules being; does the candidate have a degree? On the other hand, pundits think that most of those attending 4 year colleges do not graduate even after 6 years and the dropout rate is increasingly high. Even though graduates from college acquire marketable skills, others earn little more income, but with college debts as well as some lost income accrued while one is unsuccessfully chasing a degree.

On average, college graduates earn more, live longer, have healthy kids, acquire better social skills and generally happier and for those considering long term career, then a degree is an obvious requirement. Thus college is a worthy investment and college graduates accomplish key milestones in life.Referenceshttp://edition.cnn.com/2013/06/27/business/college-investment/index.htmlhttp://www.businessweek.com/articles/2012-04-09/why-college-isnt-for-everyone