University Graduates Earn More
This paper delves into recent studies that have dealt with the much debated issue that graduate degrees earn more than people who do not have graduate degrees and in relative terms, are under-qualified. The purpose of this analysis derives from my personal objective to achieve a recognizable graduate degree with majors in education. An analysis based on the quantitative and qualitative analysis has been made and the PIE Model has been brought into use for this purpose.
Over time, several research studies have been conducted to determine whether or not the quantitative benefits of a university graduate degree outrun the costs of the higher education or not. PIE: Proof- Information- Example Proof According to a research study conducted by PricewaterhouseCoopers LLP in association with London Economics, graduates were recorded to earn around twenty percent to twenty five percent more than those who do not hold graduate degrees (University of Greenwich, 2007).
The report showed that the comparison between university graduates and A-levels was contrasting the most sharply with University graduates earning around twenty three percent more than A-levels. Many career guide websites agree with the fact that university degrees help people to earn more. Also, the variables of vocational training also contribute to the determination of the earnings (SetForm Ltd. , 2003). Another research conducted in 2008 by the London School of Economics also stated that: A university degree significantly raises the earnings of graduates (CV-library Ltd.
, 2008) Information After economic recession has passed, the probability that university graduates will return to work is higher than that of those who do not have graduate degrees. Not only this, but university graduates also have higher odds of getting hired as well (University of Greenwich, 2007). The recent increase in grants given by universities in the form of student loans and scholarships has served to decrease the price of higher education and are has been done do for the same reason as is the subject of our discussion: The fact that university graduates earn more.
Example In some cases people who manage to get university graduation degrees have been reported to earn twice of what they were earning before there university graduation (Stacie, 2005). This phenomenon is not only localized to the United States but holds relevance around the world. We can infer this fact from the latest research that was conducted in Australia which showed that Australian students with university degrees earn around $1. 5 million more in their lives than their friends who were not University Graduates (Anderson, 2008).
Conclusion Overtime, many people have stated that it is the market status of the discipline in which the degree is obtained rather than the degree itself which serves to determine whether the holder of the degree will find a high paying position in the workforce or not (The Conference Board of Canada, 2008). However, in terms of a situational perspective and in consideration of the PIE analysis performed above, we can infer that in the long run, the benefit of a university degree indeed does have benefits that outrun the costs of the education.
A university degree comes as a form of a long term investment which yields its profits slowly and gradually but surely; and leaves the benefits of a mere college degree far behind. References Anderson, L. (2008, November 25). University graduates earn $1. 5m more over lifetime. Retrieved February 25, 2009, from News Limited: http://www. news. com. au/adelaidenow/story/0,22606,24701738-5006301,00. html CV-library Ltd. (2008, October 16). Best graduates ‘earn more money’ . Retrieved January 25, 2009, from cv-library. co. uk: http://www. cv-library. co. uk/news/1340/Best-graduates-‘earn-more-money’-. html
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