STOP THE TRAFFIK

Friday, September 28, 2007

The Rewards are Worth the Cost

This article explores the point I started below about the cost of university education.
Despite the costs, the financial returns of gaining a degree continue to rise too, so that the average graduate can now expect to earn £160,000 more over their working life than non-graduates with two A levels.
But of course this depends on the degree that you take. Lauren has taken History. The reaction when I tell folk this usually is a variation on the theme of "Oooo, history doesn't qualify you for anything".

But I think that 17 (which is when you have to make choices that affect your whole life) is very young to decide what you're going to do (probably) for the rest of your life. As Lauren didn't know, it made sense for her to choose a subject that she enjoys and is good at.

It's not all about money.

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3 Comments:

At September 28, 2007 1:18 pm, Blogger Carl said...

It's not true that History doesn't qualify you for anything. A good degree in almost anything qualifies you for decent graduate jobs that you wouldn't get without a degree.

I know someone who's just graduated in Theology, only to enter the Transport for London Graduate Scheme...!

 
At September 28, 2007 5:29 pm, Blogger Si said...

indeed - reports from my graduate friends who got non-practical degrees found it easier than A-Levellers to get an interview / considered for a position. It's shallow on one level ("she doesn't have a degree? ...well we won't even bother"), but I reckon taking the study of a fairly specific area to a particularly advanced level, shows keenness, patience and discipline, among many other positive traits.

I do know that Royal Mail take on non-subject-specific graduates into trainee management. You're also pretty much guaranteed officer level in the armed forces to boot (that might actually just be the Navy, but this is all off the top of my head).

So yeah, it's not like even the hardcore "classic" subjects like English, Maths and Science offer much in the ways of anything directly vocational (ie "useful"). Nuts to the subject snobs!

 
At October 09, 2007 9:33 pm, Anonymous Anonymous said...

Test post

 

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