Do community colleges increase wages?

Two Year Degrees: Do community colleges increase wages

American association of community colleges. (2014). Analysis of the economic impact and return on investment of education. Executive summary, 1-6.

In America, community colleges assist in increasing the value of second year students by paying them higher wages[1]. Colleges aim at maximizing the potential of students as well as improving their skills. Colleges are the main sources of workers in country industries and businesses because of their skill. The society benefits from expansion in the economy and improvement of their lives. College students earn higher wages than bachelor holders do which helps in extension of their skills to the treasury since they increase tax revenues and sector savings.

An approximate of 1.3% students who attend America’s community colleges in 2012 was international. College students having associate certificates and two-year degree are paid $1.2 billion with an aim of covering costs on tuition, books, fees, and supplies. The college directed that money in the economy of U.S through purchases and payrolls. The impact is that it increased income in U.S economy. Added incomes generated in U.S through over productivity of students and their spending supports an increase of 15.5 million equivalent jobs.

Shaughnessy. L. (2012). What 2-year college degrees pay best? CBS Interactive. Retrieved from http://www.cbsnews.com/news/what-2-year-college-degrees-pay-best/

The average salary offered for new graduates having a bachelor’s degree is $37,000 and adds that many graduates having two degrees are earning a higher wage[2]. Reports from Michigan State’s Collegiate Employment Research Institute indicated that electrical engineers with a bachelor’s degree have highest salary of $ 52,307 while those who majored in psychology are earning $ 33,505. New graduates possessing two-year degree have a wage of $ 34,960 while others earn more; those who majored in Computer science having two-year degrees earn $ 39,408.

Bidwell. A. (2014). Community college returns high for most programs. US NEWS. Retrieved from http://www.usnews.com/news/articles/2014/11/06/community-college-credentials-significantly-increase-future-earnings-employment

Attaining an associate degree from a community college increases earnings by an average of thousands of dollars per year. Research conducted and published in the Educational evaluation and policy analysis journal revealed that studying in community colleges increases earnings in the future. Students who desire to increase their wages study in community colleges to get long-term certificates and associate degrees[3]. They work for longer hours thus improving the economy and adding the quality of their occupations. However, one-year degrees and certificates earn lower wages and result in lower economic returns.

Marcus.J. (2013). Community college graduates out-earn bachelors degree holders. Higher education. Retrieved from http://hechingerreport.org/community-college-grads-out-earn-bachelors-degree-holders/

Marcus (2013) indicates that graduates from community colleges earn higher pay than normal international students. Engineers in computer networking earn $ 50,000 per year, which is 15% more than the starting salary for graduates from four-year universities[4]. Graduates from community colleges get better jobs as they begin their work than those with bachelor’s degree. The reasons outlined indicate that bachelor’s degree students never learn the skill of doing work but instead they learn the theory part.

Example in Tennessee graduates from community colleges earn a wage of $38,948, which is higher than $1300 wage earned, by graduates from four-year institutions.

In Virginia, graduates from community colleges in occupational and technical degrees are earning$40,000, which is $2500 more than bachelor’s degree holders are. Moreover four-year degrees are much expensive than two-year degree. Research from College Board indicates that community college degrees cost $6262 while bachelor’s degree costs $158,072.

University of Hawaii. (2012). High school versus associate degree earnings. University of Hawaii community colleges. Retrieved from http://uhcc.hawaii.edu/degree_value/valueOfDegree.php

Research done by Hawaii university indicates that high school diplomas have a higher pay than graduate degrees[5]. From the Census bureau graduates earn an average of $ 1.2 million, which is lower than their college graduates who earn $ 1.6 million per a lifetime. Hawaii University and community college state that it is better to invest in two-year associate degrees since they have a higher return than four-year degree programs. Reasons behind such advantages are that college graduates are highly supported by higher education policies.

College graduates enjoy higher levels of saving, improved life quality to their off springs, more personal and professional mobility, more leisure activities and hobbies as well as decision-making processes. College graduates are more focused, open minded, cultured, rational and of less authority. Example of payments to associate degrees are Air traffic controllers who earn $ 08,040, operation managers salary of $ 94,400,construction managers earning $ 83,860 among others. Investing in associate degrees offered in community colleges is a great benefit to the society since it outweighs the cost of maintenance4. College graduates are adapted to hard work, decision making, personal motivation, and high self-esteem, which is required in work places.

Kohli, S. (2015). Only 16% of US community college students go on to earn four-year degrees. Matter of degrees. Retrieved from http://qz.com/324023/only-16-of-us-community-college-students-go-on-to-earn-four-year-degrees/

Kohli (2015) records that only 16% students in community colleges proceed to gain four-year degree. The major reason being the big difference created in wages between four-year graduates and two-year graduates[6]. Americans having associate degree earn $777 weekly compared with $ 651 earned by students with high school diploma. Higher wages from associate degrees in community colleges are because of extra tuition compressed in two years and saving in their years other than those learning for four years.

Breakthrough. (2010). Breakthrough white paper: four years college vs. community colleges, 1-5.

Breakthrough (2010) argues that students with associate degrees from community colleges have lower earnings than those with bachelor’s degree. Example average annual income for employees with associate degrees is almost$ 13,000 per year, which is lower than adults with bachelor’s degree are since they earn from $32,900 to 45,700). Breakthrough collaborative explains that the main reason is that some never finish a four year course or the two year course assigned to them thus equalizing the pay of those who complete their courses[7].

Alva, J. &Schneider, m. (2013). What is the value of an associate’s degree? The return on investment for graduates and taxpayers.

College degree is very costly to obtain. They indicated that it is better to invest in associate degrees since they have a higher net gain of $ 259,000 per 40-year working life[8]. Further, graduates from high schools in community colleges have lower pay compared to associate degree holders. The researchers indicate that higher incomes from median community college graduates contribute higher taxes to the economy averaging to $ 67,000. Graduate schools in the 80th percentile have their graduates starting earning a salary of $ 100,000 higher than graduates from schools in the twentieth percentile. Factors such as location, ethnic background, and choice of area of study.

The drive for increase of wages to students from community colleges is the high demand for people with middle-skills that require associate degrees. These include lab technicians, computer engineers, radiation therapists, and machinists. Associates degree programs in community colleges produce graduates with skills that meet the urgent needs of the labor market in the region as compared to theory gained from four-year degree students with a bachelors degree. Example two-year community college degrees radiation therapists earn $76,627, while dental hygienists earn $ 70,408. In addition, associate certificate holders from community colleges earn middle class wages.

Johnson. (2015). Why a two-year degree may be your best investment.Retrived from http://www.thesimpledollar.com/why-a-two-year-degree-may-be-your-best-investment/

Various associate degrees lead to high-paying jobs thus outweighing the importance of bachelor’s degree. The economic importance of bachelor’s degree is far less than higher costs incurred when earning it[9]. As a result, four-year degrees are not good investments for some students like those who major in humanities , because students with bachelors degree just pay the cost of attending school but harvest little from the education gained.

 

 

Sheehy,K.(2014). Four degrees that are better to earn at a community college. Retrived from http://www.usnews.com/education/community-colleges/articles/2014/12/03/4-degrees-that-are-better-to-earn-at-a-community-college

Sheehy (2014) asserts that there are higher potentials of earning higher among college graduates than from university graduates holding four-year degree. Researches done by American institutes of research indicate that completion of community college offers graduates with a ticket into the upper-middle class[10]. Example jobs that search for associate degrees include Air traffic controllers who are the highest paid in the country with a salary of $108,040. Construction managers earn $ 83,860. Although programs offered in four-year degree universities outperform those in associate’s degree, industries are looking for technical degree graduates since they give better results than bachelor holders do.

As a result, various employers in organizations are increasing starting salaries for new graduates from colleges daily. Moreover, college graduates also work on commission thus increasing their salaries as opposed to four-year graduates. Those who get associate degrees and long-term certificates from community colleges are better skilled and trained to cope with hardships encountered in the working environments. Two-year degrees take less time to learn and lower costs which leads to saving of time and money, moreover colleges are considered because they give students enough skills from practical lessons. As a result, they are employed in jobs that have growth opportunities and higher wages.

 

References

Alva, J. &Schneider, m. (2013). What is the value of an associate’s degree? The return on investment for graduates and taxpayers, 1-58.

American association of community colleges. (2014). Analysis of the economic impact and           return on investment of education. Executive summary, 1-6.

Bidwell. A. (2014). Community college returns high for most programs. US NEWS. Retrieved      from http://www.usnews.com/news/articles/2014/11/06/community-college-credentials- significantly-increase-future-earnings-employment

Breakthrough. (2010). Breakthrough white paper: four years college vs. community colleges, 1-     5.

            Hawaii community colleges. Retrieved from http://uhcc.hawaii.edu/degree_value/valueOfDegree.php

Johnson. (2015). Why a two-year degree may be your best investment. Retrived from             http://www.thesimpledollar.com/why-a-two-year-degree-may-be-your-best-investment/

Kohli, S. (2015). Only 16% of US community college students go on to earn four-year degrees.    Matter of degrees. Retrieved from http://qz.com/324023/only-16-of-us-community-     college-students-go-on-to-earn-four-year-degrees/

Marcus.J. (2013). Community college graduates out-earn bachelors degree holders. Higher            education. Retrieved from http://hechingerreport.org/community-college-grads-out-earn-         bachelors-degree-holders/

Shaughnessy. L.  (2012). What 2-year college degrees pay best? CBS Interactive. Retrieved from             http://www.cbsnews.com/news/what-2-year-college-degrees-pay-best/

University of Hawaii. (2012). High school versus associate degree earnings. University of

Sheehy, K. (2014). Four degrees that are better to earn at a community college. Retrieved from http://www.usnews.com/education/community-colleges/articles/2014/12/03/4-degrees-that-are-better-to-earn-at-a-community-college

 

 

 

 

 

 

 

 

 

[1] American association of community colleges. (2014). Analysis of the economic impact and return on investment of education. Executive summary, 1-6.

 

 

[2] Shaughnessy. L. (2012). What 2-year college degrees pay best? CBS Interactive. Retrieved from http://www.cbsnews.com/news/what-2-year-college-degrees-pay-best/

 

 

[3] Bidwell. A. (2014). Community college returns high for most programs. US NEWS. Retrieved from http://www.usnews.com/news/articles/2014/11/06/community-college-credentials-significantly-increase-future-earnings-employment

 

[4] Marcus.J. (2013). Community college graduates out-earn bachelors degree holders. Higher education. Retrieved from http://hechingerreport.org/community-college-grads-out-earn-bachelors-degree-holders/

 

[5] University of Hawaii. (2012). High school versus associate degree earnings. University of Hawaii community colleges. Retrieved from http://uhcc.hawaii.edu/degree_value/valueOfDegree.php

 

[6] Kohli, S. (2015). Only 16% of US community college students go on to earn four-year degrees. Matter of degrees. Retrieved from http://qz.com/324023/only-16-of-us-community-college-students-go-on-to-earn-four-year-degrees/

 

[7] Breakthrough. (2010). Breakthrough white paper: four years college vs. community colleges, 1-5.

 

[8] Alva, J. &Schneider, m. (2013). What is the value of an associate’s degree? The return on investment for graduates and taxpayers.

 

[9] Johnson. (2015). Why a two-year degree may be your best investment.Retrived from http://www.thesimpledollar.com/why-a-two-year-degree-may-be-your-best-investment/

 

[10]Sheehy,K.(2014). Four degrees that are better to earn at a community college. Retrived from http://www.usnews.com/education/community-colleges/articles/2014/12/03/4-degrees-that-are-better-to-earn-at-a-community-college