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. 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. 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. The decision to pursue post-secondary education is not one that is made lightly. … Both on personal and national levels, education has been shown to increase economic growth and stability. © 2020 Ashton College. Broader Practical Benefits. Top 4 Benefits of Higher Education 1. Learn how your comment data is processed. 3. Preparing oneself for a career isn’t the only practical benefit of a college education. This site uses Akismet to reduce spam. Career Preparation. It provides a great opportunity to meet a wide variety of people, and build a network of friends and contacts. That’s one of … While the disadvantages of attaining a higher education range from increased debt to delay of real world experience. Higher earnings prove beneficial in retirement too. Required fields are marked *. These skills, which include writing, reading, working with others and continuous learning, only improve with higher education. 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. Universities can also equip students with transferable skills including; research skills, time management skills and improve your ability in using computers. 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. Pros. People with better education tend to live longer and have healthier lifestyles. VANCOUVER CAMPUS 3rd floor – 1190 Melville Street, Vancouver, BC V6E 3W1Phone: (604) 899-0803, ABBOTSFORD CAMPUS 110 – 30475 Cardinal Ave, […] “The many benefits of a higher education”: http://www.ashtoncollege.com/the-many-benefits-of-higher-education/ […], Your email address will not be published. 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%. 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. 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. 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. 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. Not surprisingly, higher earnings usually mean greater savings and assets as well. Excellent way of explaining, and nice post to obtain facts concerning my presentation topic, which i am going to present in academy. Personal Development. 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%. Your email address will not be published. Here are some pros and cons when considering undertaking higher education. Numerous studies have confirmed that individuals with post-secondary education enjoy better job prospects. Furthermore, there is a clear relationship between educational level and tolerance for diversity – both of people and opinions. One of the most important benefits of education is how it improves personal lives and helps societies run smoothly. One of the most tangible benefits of higher education is, of course, increased earning potential. Looking at the many advantages that accrue with post-secondary education, a clear pattern emerges. Furthermore, individuals with higher education will also see higher growth in earnings over the course of their lifetime. Even better, 88% of post-secondary graduates had full-time employment. Ashton's alumni, faculty, employees can share their story with us at [email protected] Essential life skills such as time management, interpersonal skills, and critical thinking are all learned and used in post-secondary education. 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%. Higher education is not only important for career development; it clearly plays a role in personal development as well. Studying at university is a great way to develop your knowledge in the field you aspire to become established in. One of the most tangible benefits of higher education is, of course, increased earning potential. Enter your email below to receive weekly updates from the Ashton College blog straight to your inbox. 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%. Americans with a college education report they are happier, healthier and enjoying a higher quality of life than respondents with a high school education or less. They are also used extensively in every workplace. The story will be published on the Ashton College website and social media. 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