Basically, we spend a quarter of life studying. We do it just because an idea of having an education is very important in society. We don`t even ask questions, we just follow the rules because we were already born in this culture of the necessity of studying. You can`t become successful if you don`t have an education. That`s the phrase that we often hear from our parents and teachers from school. But do they actually know how the real modern world works and do you really need a diploma from a posh university in order to get a cool high paying job?
We are going to look through all the tendencies and will try to reach consensus so you know whether your huge university loan actually worth it. You probably know that there is this Ivy League – a group of eight universities from seven American states which are considered to be the coolest and the most prestigious. News outlets often mention them in covering the admission campaigns.
But there is something that you may not know, especially if you are not a Brit. The UK also has its group of posh (and rather expensive) universities that will potentially turn you into the most desirable target of all employers. It`s called the Russel Group and it consists of 24 universities which provide the education of the highest quality.
A massive study was conducted by the sociologists and economists in order to find the correlation between a student loan, prestige of a college and the earnings of its graduates. For this study, the scientists decided to take as an example the set of Russel Group universities rather than The Ivy League believing that British colleges would be more representative.
You Reap What You Saw
You probably know that it`s far from easy to enter one of the Ivy League or Russel Group universities. They require a good knowledge in a lot of fields, excellent grades at school, leadership skills and some additional talents. Besides, the price for studying where is rather high. Of course, they provide the most extraordinary students with the scholarships but you basically need to be an Einstein in order to get your hands on one.
But the social study has shown it does pay off. Yes, you will be practically drowning in a student debt for some time but in perspective, this diploma will give you significantly more opportunities. For example, students that graduated British Russel Group university earn 40% more than those from other universities. This is a big number actually!
In case you are wondering does it pay off to go to college at all, then the definite answer is yes. 330.000$ is a sum of money that does sound rather appealing, doesn`t it? That`s how much more you`ll be getting paid if you graduate from the university. I know that you may give many examples of people who don`t have a degree or who may not even have graduated from high school but they are incredibly successful. But those are the exceptions. Besides, in most cases, they are the actors, musicians, models, dancers, etc. Who of those people needs a diploma if they already earn millions of dollars?
A Designer VS a Doctor
Well, perhaps, this is not a fair game and you can`t really compare these two professions when it comes to the contribution to society. But you really can compare them when it comes to salary. In Great Britain, medical sphere is the highest paid one among all others which sounds absolutely logical. The people are saving lives, duh!
And the tuition fees at the medical universities are among the highest as well. So, in this case, it does pay off to become a doctor in terms of your money and your value as a human being. Let`s take a look at other spheres. You know what? The general image is pretty much the same. The more you invest in your education, the more you receive at the end. It may look like an advertisement campaign for all incredibly expensive universities. But it`s just the advertisement campaign of education in general. By the way, you don`t need university to learn something new so developing the outlook on a daily basis is as important as your desire to get a degree.
So, after medicine we see the economics which is a perspective sphere but you have to work really hard to achieve something significant in it. Then comes the mathematics. No, not the one that you`ve been studying at school but the one that works with the algorithms and computer programming (which is on the 7th place by the way). Veterinary science is the fourth because we love our pets so much that are willing to pay for their health more than for ours, at least that`s what I do.
After that, we spot engineering and technology, then – architecture. You already know the 7th one, so we`ll switch to the 8th one which is languages (they share this position with the law). Anyway, to make the long story short, art and design take the last place. In this sphere, you basically have only two options: you either become rich and famous (that makes less than 1% of all artists), or you become broke.
I`m truly sorry to bring it down to you but this is just statistics. Speaking of arts and design, sociologists say that this sphere is a hectic one, it requires much mental strength and, obviously, a talent. Besides, artistic people usually have rather vulnerable, emotional and unstable personalities as any creative people do. Therefore, think twice and be sure that if you choose the right university, your money that you invested in the education will pay off.