Sobhan Mohmand, Career Expert 27 Apr 2021
With the recent rise in tuition fees, going to university has become an even bigger financial commitment than it had been previously.
But, is going to university still worth it?
Despite the apparent financial obstacles, the following 7 reasons show why going to university is still one of the best career options you have:
The reality is that a degree is now a standard requirement for many jobs, and there are thousands upon thousands of professional or specialist jobs that will be out of your reach if you do not possess a degree.
Statistics show that graduates tend to find a job sooner than non-graduates; which means that there will be shorter periods of unemployment for people with a degree. Additionally, in 2015/16 the graduate unemployment rate stood at just 2.7%, compared to 6.6% for non-graduates.
One of the greatest incentives for going to university is earning a good income.
It is a commonly known fact that graduates tend to earn more than non-graduates; however, fewer people are aware that the salary difference can be substantial.
According to the “Graduate Labour Market Statistics, 2015”, full-time employed, working-age graduates earn an average of £31,000 per year compared to £22,100 for non-graduates of the same category.
Another recent report, published by Adzuna, found that graduates earn £500,000 more over an average working life than non-graduates.
So just from a financial point of view, it is still worth getting a degree.
There is an increase in competition in local, national and international job markets. A degree enables you to compete at all these levels, for the very best jobs available.
Studying at university is probably one of the biggest and most memorable things that you will do in your life. For some, they will be the first person in their family to get a degree. For others, it may be the first time that they move out from the comfort of their parents’ homes and experience the world on their own.
Regardless of your situation, studying for three years – or more – and securing a degree at the end of it is a great achievement and something to be proud of!
Studying at degree-level for some years naturally develops transferable skills that will stay with you for the rest of your life. Some of these skills include performing research, writing essays and assignments, giving presentations, working under pressure and meeting deadlines, working within a team on various projects, and managing one’s time in the most efficient manner.
Studying at university isn’t all about studying.
It’s a whole life experience affecting every single aspect of your life; it provides great opportunity to make new friends, establish connections with your tutors/lecturers or going to careers fairs and meeting prospective employers.
Going to university is a significant financial commitment but given the benefits outlined above; it is definitely worth considering, and it will be worth it in the end if you’d like to be in a high-paying professional and specialist job in the future.