A Faith-Based University in Houston
REASON 1: College Degrees are More Valuable Than Ever
According to Georgetown University’s Center on Education and the Workforce (CEW), in our country’s recovery from the Great Recession, workers with a Bachelor’s degree or higher gained 8.4 million jobs while workers with high school diplomas or less gained only 80,000 jobs.
Nearly all of the jobs created in the recovery have gone to workers with at least some higher education. For the first time in the history of the United States, workers with at least Bachelor’s degrees outnumber workers with high school diplomas or less. In addition, the types of jobs workers with Bachelor’s degrees access are considered better jobs with higher salaries, more stability, and employer benefits. Exceptions always exist, but workers with high school diplomas have lost more than 1 million high and middle-skill jobs since 2010 while adding 1.2 million low-skill jobs. Today, the average difference between a college and high school graduate’s lifetime wages is $1 million.1 (CEW)
Some have gone so far as to say the Master’s degree is the new Bachelor’s degree with one out of every three college graduates eventually earning a graduate degree. When students continue into graduate school to further their careers, they open up brand-new opportunities for management jobs and higher salaries. On average, workers with Master’s degrees make 28 percent more than workers without.2
Based on Median Earnings & Average Earning boosts from Master’s degrees over workers with terminal Bachelor’s degrees, from Georgetown University’s CEW “What’s it worth? 2016.” Only major groups represented at HBU are listed.
Pew Research http://www.pewresearch.org/fact-tank/2014/02/11/6-key-findings-about-going-to-college/
CEW Reports: https://cew.georgetown.edu/cew-reports/whats-it-worth-the-economic-
1. “America’s Divided Recovery: College Haves and Have-Nots 2016. Georgetown University Center on Education and the
Workforce. McCourt School of Public Policy. https://cew.georgetown.edu/cew-reports/americas-divided-recovery/#full-report
2. “What’s it worth?: The economic value of college majors.” Georgetown University Center on Education and the Workforce.