In 2000, growth in average earnings between the ages of 25 and 54 was 49% for individuals with a high school diploma, and 75% for individuals who had completed post-secondary education. Some young people have a pretty solid idea of what type of career they would like to have as an... 2. Here are some pros and cons when considering undertaking higher education. Career Preparation. Pros. Learn how your comment data is processed. What other benefits does higher education offer? Excellent way of explaining, and nice post to obtain facts concerning my presentation topic, which i am going to present in academy. Personal Development. That’s one of … In 2005, the median value of net assets among those who completed their education with a high school diploma was $120,000, some $27,000 more than for those without a diploma. It provides a great opportunity to meet a wide variety of people, and build a network of friends and contacts. Furthermore, there is a clear relationship between educational level and tolerance for diversity – both of people and opinions. Meanwhile, those with only high school had an employment rate of 61.4%%, and those without even a high school diploma came in at only 33.6%. These skills, which include writing, reading, working with others and continuous learning, only improve with higher education. 3. Although it might not be the first thing that comes to mind, attending a post-secondary institution also has numerous personal and social benefits. Broader Practical Benefits. Both on personal and national levels, education has been shown to increase economic growth and stability. They are also used extensively in every workplace. This site uses Akismet to reduce spam. Required fields are marked *. Unemployment rates for individuals with a high school diploma were slightly higher than the average at 9%, while individuals who had completed post-secondary education had the lowest unemployment rates at 6%. Many factors must be considered – your interests and skills, the length of the program, the institution you’d like to attend – but one thing is certain: higher education invariably leads to better career prospects and a better quality of life overall. Healthier Lifestyle. While the disadvantages of attaining a higher education range from increased debt to delay of real world experience. 1. Individuals who have completed post-secondary education have a higher median income during retirement, and are less dependent on Old Age Security Benefits as a source of income. Furthermore, individuals with higher education will also see higher growth in earnings over the course of their lifetime. One of the most tangible benefits of higher education is, of course, increased earning potential. Higher education is also associated with greater job stability. One of the most important benefits of education is how it improves personal lives and helps societies run smoothly. This is partly owing to greater savings and assets; but another factor is that with every level of education completed, the availability of employer sponsored pension plans increases. Universities can also equip students with transferable skills including; research skills, time management skills and improve your ability in using computers. Numerous studies have confirmed that individuals with post-secondary education enjoy better job prospects. The decision to pursue post-secondary education is not one that is made lightly. Preparing oneself for a career isn’t the only practical benefit of a college education. Your email address will not be published. Enter your email below to receive weekly updates from the Ashton College blog straight to your inbox. VANCOUVER CAMPUS 3rd floor – 1190 Melville Street, Vancouver, BC V6E 3W1Phone: (604) 899-0803, ABBOTSFORD CAMPUS 110 – 30475 Cardinal Ave, Completing post-secondary education is an experience – it takes commitment and dedication, but it will broaden your horizons even beyond what you learn in the classroom. … © 2020 Ashton College. Looking at the many advantages that accrue with post-secondary education, a clear pattern emerges. According to Statistics Canada, in 2010 individuals 15 years of age and over who had completed post-secondary education had an employment rate of 72.6%. Even better, 88% of post-secondary graduates had full-time employment. Completing post secondary education offers even greater earning potential: on average, individuals who have completed post-secondary education earn 28% more than a high school graduate. Essential life skills such as time management, interpersonal skills, and critical thinking are all learned and used in post-secondary education. Abbotsford, BC V2T 0E4Phone: (604)-625-1150. This is reflected in unemployment rates: in 2010, unemployment rates for those without a high school diploma were 15.9%, nearly double the average of 8%. People who have completed post-secondary education are also more likely to engage with, and contribute to their community through activities such as volunteering and voting. One of the most tangible benefits of higher education is, of course, increased earning potential. All rights reserved. Higher earnings prove beneficial in retirement too. The advantages of attaining a higher education range from guaranteed employment, improved healthy lifestyles, higher income, to social recognition. Individuals who pursue higher education will experience greater financial and employment security, and more opportunities to connect with, and contribute to their community, culminating in greater satisfaction with life. According to Statistics Canada those who complete their education with a high school diploma earn 17% more, on average, than those without a high school diploma. Canadians with post-secondary education enjoyed even higher levels of net assets from their higher earnings: the median net assets among individuals with a post-secondary education were approximately $200,000. Studying at university is a great way to develop your knowledge in the field you aspire to become established in. You develop skills. According to Statistics Canada those who complete their education with a high school diploma earn 17% more, on average, than those without a high school diploma. 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