As record numbers of students apply to college who’re seeking a “good paying job” is that diluting the earning value of a college degree, since more job-seekers enter the market as college graduates? 58% of all parents and students, who responded to the Princeton Review’s recent College Hopes & Worries survey, reported the biggest benefit of a college degree is job training and higher wages. If there’s inflation in the value of a college degree, will these 58% of students find what they seek, no matter the “name brand” and reputation of their future college alma mater?
Secondly, if students expect to learn the knowledge and skills necessary for employment after college, is the college equipped to help with that goal? Colleges have traditionally been valued as knowledge builders from their professors’ research activities. This mission can compete with professors’ teaching duties, so students (who’s tuition is also supporting the research) must be assertive in assuring they’re gaining the knowledge they need to be successful earners in the future.
Lastly, major selection is also important to consider, so students can be reasonably assured their knowledge will be marketable after college graduation. Advisers on a college campus to assist students in the process to choose majors, as well as find jobs after graduation will also be key to finding the job earnings value students seek in a college diploma.
Graph courtesy of Princeton Review