Feet on the Street

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Posts Tagged ‘Salary’

These days, is college a good value?

Posted by Lori on January 25, 2010

A little over a month ago, I was one of several hundred Kansas State University students to waltz across the stage and collect an advanced degree diploma. It only took two years and several thousand dollars to finally earn my Master’s Degree in Adult Education. When I enrolled in the program, the economy was in pretty good shape and I had plans to increase my overall personal net worth. With the current state of affairs in our state, I wonder if my decision to sink so much money into myself was such a good idea. According to an article in the Wichita Eagle by Mara Rose Williams, others are wondering the same thing. Here’s an excerpt from her article:

Educators and politicians — President Obama included — say loudly and frequently that everyone should seek some college. In speech after speech, you hear that college graduates make at least $1 million more in their lifetimes than those who quit after high school.
But is it true?
In 2007, Sandy Baum, a professor of economics at Skidmore College in Saratoga Springs, N.Y., studied the value of a degree for the College Board. Her research — which factored for inflation and left out advanced degrees and their higher earning power — found that someone with a Bachelor of Arts degree plus 40 years of earnings came closer to earning $550,000 more, on average, in today’s dollars.
Baum said that college was easily worth the cost. Plus the recession has laid bare another factor to consider:
“Even in this economy, the number of unemployed college graduates is half that of the unemployed who did not go to college,” she said.
Another, even grimmer, way to look at it: The poverty rate is 10.8 percent among high school grads. It is one-third less for those with bachelor’s degrees.

I wish President Obama would substitute the word training for college when he refers to people needing more education than a high school diploma, as there are many technical schools that provide equally rewarding opportunities for people. The article is a bit lengthy, but it certainly lends a new perspective when faced with making a decision on whether or not to invest in yourself through higher education.

Read more: http://www.kansas.com/news/story/1150691.html#ixzz0dddN00vZ

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Top 5 Fastest Growing Salaries in America

Posted by Lori on January 20, 2010

My topic of discussion yesterday was an article that listed the industries that will be hiring the most people in the next decade. After reviewing the list, it appeared that while many of the jobs associated with those employers would be plentiful, they might not necessarily be financially rewarding. Rachel Zupek of PrimeCB.com, a division of Career Builder, compiled a list of industries that are projected to experience the highest growth in salaries. According to Zupek, “Looking for a job with an adequate salary is difficult. It depends on the current job market — which today is not great — where you live, your skill set, your experience level and, perhaps most importantly, your job duties.” The author backs up her facts with information from the Bureau of Labor Statistics and through surveys from Salary Expert. Here are five of the top twenty on Zupek’s list:

  1. Oral pathologists study the nature, cause and development of diseases associated with mouth.
    Current salary: $188,577
    Last year: $159,759
    Percent increase: 6.83
  2. Social medical researchers conduct research for use in understanding social problems and for planning and carrying out social welfare programs.
    Current salary: $80,151
    Last year: $68,480
    Increase: 6.65
  3. Pharmacologists conduct experiments to determine how drugs and other substances affect organ and tissues.
    Current salary:
    $99,370
    Last year: $90,012
    Percent increase:
    5.35
  4. Toxicologists research the toxic effects products and ingredients have on living organisms.
    Current salary: $70,273
    Last year: $63,655
    Percent increase: 5.35
  5. Vocational training teachers teach personal, social and professional skills that meet the needs, interest and abilities of disabled students.
    Current salary: $57,401
    Last year: $52,982
    Percent increase: 4.93

I was pleasantly surprised to see Vocational Training Teachers make the list! It would be interesting to know how that salary stacks up to our teachers in Kansas.

As you can see, in order to garner the higher wages, you may need to commit to furthering your education. Make sure you consider the cost of the education, as well as the time it will take to complete the training, and compare it to the potential salary before altering your career path.

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