The Death of the Bachelor's Degree

Death THE OF THE BACHELOR S DEGREE Vegree BACHELOR'S DEGREE AVERAGE STUDENT DEBT: -2014 aver. IN-STATE TUITION AT $29K PUBLIC 8900 FOUR-YEAR COLLEGES Add in room and board, books, and other campus costs, and the full sticker price of attending $22.800 2013- 2014 average IN-STATE TUITION AT PRIVATE $30.100 Your Public U totals UNIVERSITIES & COLLEGES Add in room and board, books, and other campus costs, and the full sticker price of attending $44.750 AND FOR WHAT? Private U totals 16% 14% 23% 12% % of the country's BARTENDERS 0/ of the country's % PARKING LOT ATTENDANTS o/ of the country's /o FLIGHT ATTENDANTS % of the country's TAXI DRIVÉRS 20 40 60 80 100 so, YOU GOT A BACHELORS DEGREE... PERCENTAGE OF GRADUATES WHO RECEIVED JOB OFFERS WILL GET YOU A JOB OFFER? 40% 33 28 69% 62 6T ACCOUNTING COMPUTER SCIENCE VISUAL AND PERFORMING ARTS ECONOMICS HISTORY ENGLISH Master's Degree Dogres BACHELOR'S REQUIRED, MASTER'S PREFERRED. THE MASTER'S DEGREE OFTEN PRICED STARTING AT BET WEEN 200 2 & 2012, THE ANNUAL PRODUCTION OF MASTER'S DEGREES JUMPED $20k - $30k 63% 40 20 2002- 2 O12 FRESHMEN ARE AIMING HIGHER 42 APPROXIMATELY 20% 100 80 60 40 OF INCOMING FRESHMEN ARE AIMING FOR AT LEAST A MASTER'S DEGREE MASTER'S DEGREE BACHELOR's DEGREE OF INCOMING FRESHMEN ARE AIMING FOR AT LEAST A BACHELOR'S DEGREE SOo, YOU GOT THE DEGREE... HOW MUCH WILL YOU EARN? $1300 M B $1066 (PER WEEK) (PER WEEK) MASTER'S DEGREE BACHELOR'S DEGREE ...IF YOU GET THE JOB... UNEMPLOYMENT RATE 12 10 2.5% 3.5% 4.5% 5.83% 10.80% BACHELOR'S LOWEST RATE ON RECORD May 1953 MASTER'S AVERAGE RATE HIGHEST RATE ON RECORD December 1982 DEGREE DEGREE IN THE U.S. Early 2014 Early 2014 from 1948 to 2014 ASSOCIATE'S DEGREE: WORTH MORE THAN A BACHELOR'S DEGREE? Nearly 30% of Americans with associate's degrees now make more than those with bachelor's degrees. TODAY, BY THE YEAR 2018, THERE ARE CURRENTLY ABOUT THERE WILL BE ABOUT 29 MILLION JOBS 14 MILLION JOBS AVAILABLE WHICH WILL REQUIRE MORE THAN A HIGH - SCHOOL DIPLOMA, WHICH ONLY REQUIRE ONLY AN ASSOCIATE'S DEGREE (JOBS PAYING A MIDDLE- CLASS WAGE) BUT LESS THAN A COLLEGE DEGREE. HOW MUCH WILL YOU EARN? AVERAGE WAGES FOR TENNESSEE GRADUATES $38.948 $37648 TENNESSEE COMMUNITY COLLEGE FOUR-YEAR BACHELOR'S DEGREE DEGREE MEDIAN WAGE FOR GRADUATES OCCUPATIONAL AND TECHNICAL DEGREE PROGRAMS $40.000 $37500 COMMUNITY COLLEGE DEGREE FOUR - YEAR BACHELOR'S DEGREE NEARLY MEDIAN WAGE FOR GRADUATES WITH TWO YEAR TECHNICAL DEGREES IN TEXAS $50,000 $39,000 FOUR - YEAR COMMUNITY COLLEGE DEGREE BACHELOR'S DEGREE WITH THE RIGHT TWO-YEAR COMMUNITY COLLEGE DEGREE, YOU CAN EARN: 2ok 4ok 6ok 8ok 1ook AIR TRAFFIC CONTROLLERS 12ok $113547 RADIATION THERAPISTS $76.627 DENTAL HYGIENISTS $70.408 NUCLEAR MEDICINE TECHNOLOGISTS $69.638 REGISTERED NURSES $65853 FASHION DESIGNERS $63.170 AND ITS CHEAPER: AVERAGE ANNUAL TUITION AT PUBLIC TWO-YEAR COLLEGES $3.260 A BACHELOR'S DEGREE FROM A FOUR YEAR, PRIVATE RESIDENTIAL UNIVERSITY, A TWO YEAR COMMUNITY COLLEGE DEGREE, COSTS ABOUT COSTS ABOUT $6.262 $158.072 AT PRESENT FULL RATES AT PRESENT FULL RATES bis.gov/emp/ep chart 001.htm PRESENTED BY: tradingéconomics.com/united-states/unemploy ment-rate BESTMASTERSPROGRAMS.ORG money.cnn.com/2013/02/26/pt/college/community-college-earnings/ money.cnn.com /2013/10/23/pf/college/college-tuition/index.ht im1?iid=EL money.cnn.com/2013/09/04/pt/college/college-degrees/index.html?iid=EL online.wsj.com/news/articles/SB10001424127887324874204578440901216478088 DEVELOPED BY csnronitor.com/The-Culture/Family/2012/0617/Bachelor-s-degree-Has-it-lost-its-edge-and-its- value N NOWSOURCING forbes.com/sites/susanadams/2014/01/10/the-cóllege-degrees-with-the-highest-starting-salaries-2 HSnews.com/opinion/articles/2013/05/09/why-a-college-degree-no-longer-guarantees-success?page=2 nytimes,com/2013/08/04/education/edlife/calculating-the-net-worth-of-a-college-degree.html?adxnnl=1& pagewanted=2 Csmonitor.com/var/ezflow_site/storage/images/media/content/graphics/2012/0618-weekly/cbachelor_g1/12811429-1-eng-US/CBACHELOR_91_full_600.jpg washingtonpost.com/local/education/masters-degree-programs -surge-at-nations-colleges-and - universities/2013/05/25/938462fa-b726-11e2-9213-1291801936b8_story.html