The Forum > General Discussion > What is the dollar value of a university degree?
What is the dollar value of a university degree?
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http://www.businessweek.com/bschools/content/jun2010/bs20100618_385280.htm
You might just be better off putting the cost of the degree in the stock market and going straight from school to work.
One thing the article does not cover. People like me who have taught at universities sometimes find this hard to believe but it seems to be true.
ON AVERAGE people who attend universities are smarter that people who don't.
I've capitalised "on average". It is an average with many exceptions. There are many bright people who never go anywhere near a university and there are many graduates who appear to have no functioning brain cells. But we are dealing here with averages and, on average, it's true.
So was it the university degree that enabled them to earn more than those who never attended a university? Or was it their native smarts?
I suspect that for most of my students their degree was a waste of time and money. Whatever they achieved they were going to achieve, or not achieve, anyway. The exceptions were those who obtained professional qualifications such as a medical or engineering degree.
I find it interesting that in terms of value for money the best performing school in America is MIT, not Harvard. It says something about America that a university specialising in science and mathematics tops the list.