How Does Having an Academic Degree Influence your Social Status?
They say you don’t really need a college degree to become a successful businessman. There are a lot of examples of entrepreneurs who didn’t go to university and still achieved success in their young adulthood. Frequently, you think that you are no worse than them, and, therefore, can also make it big without having to pursue formal education.
However, it is only partially true. The people you hear about just happened to get in the right place at the right time or bought cheap coursework, and that doesn’t necessarily mean the same thing will happen to you.
Getting a degree does not guarantee your social status but increases your chances of climbing the career ladder and succeeding in business exponentially.
In this article, we will talk about the impact education may have on your social status and ways in which you can benefit from getting a university degree.
Internship at Multinational Companies
Being a student, you can determine what career you want to pursue even before getting a full-time job. Multinational companies are always seeking talented students and offer them paid internships. If you look forward to being hired by Google, P&G, or, for example, Deloitte, your resume should contain information about:
Participation in international competitions
Knowledge of foreign languages
Extensive experience in the field you wish to work in
As you can see, you should provide a lot of info on your academic background. Starting your career at a multinational or large domestic company can help you improve your social status and increase your income.
Sometimes, the profession you have acquired may not be really popular with employers in your country. That may happen for several reasons, such as lack of specialized enterprises or poor development of the said industry. According to Caprelo.com, the average accountant salary ranges widely from country to country, starting from $3,000 in India and going to well over $83,000 in Denmark.
If that is the case with you, you might consider relocating to another state where job opportunities are more plentiful. However, to be able to get a job offer abroad, you’ll need to prove that you have the necessary educational background.
Thus, higher education lets you access foreign labor markets without any obstacles. Working or completing training abroad can provide you with high salaries and possibilities for personal development.
Education Determines Your Career
Education allows one to enter middle and high classes of society. Neither your nationality nor gender determines your destiny the way education does.
It is hard to estimate the full cost of tertiary education, but according to the United States Bureau of Labor Statistics, it is doable. A gap in the average weekly salary between individuals with a high school diploma and those who obtained a professional degree amounts to more than $1,000.
According to TopUniversities.com, the average annual cost of studying in a U.S. university and getting a tertiary degree there may be $30,000. Simple calculations show that each year of your education in the US will set you back $18,000 (i.e., by subtracting tuition fees from the difference in salaries).
As you can see, the more you learn, the more you earn. On average, those who succeeded in getting Masters and Doctoral degrees earn three times as much as those who possess only a high school diploma.
Growing Popularity of Non-Formal Education
In recent decades, non-formal education (e.g., training, non-credit courses, conferences, youth exchanges, etc.,) has been steadily gaining popularity. It can be explained by the fact that the majority of employees lack soft skills. Non-formal education helps you make useful contacts, grow personally and develop excellent leadership and communication skills.
In order to develop soft skills, you should participate in various non-formal activities and student contests. For example, you can join a weekend training course for young people or visit a foreign country during your holidays. You do not necessarily have to pursue conventional education and attend lectures to be able to communicate with your peers. Instead, you can take sign up for an online course and even get an electronic certificate that can make your CV look really impressive.