Getting an education is necessary for obtaining a solid, well-paying job. While there are many degrees to pursue, bachelor’s degrees are one of the most popular.
You may be wondering exactly what a bachelor’s degree is and whether it is worth the effort. After all, so many people go to college and get a degree they never use.
Understanding the pros and cons of getting a bachelor’s degree will help determine if you should pursue this accomplishment. Is this degree worth the effort or more about a useless title?
What Is a Bachelor’s Degree?
People pursue bachelor’s degrees to get their feet in the door of a career they want to enter or to improve their outlook on a current job. This degree is an undergraduate degree that is typically pursued in a four-year university.
Most bachelor’s degrees take around four years to accomplish and require roughly 120 credit hours. There are many subjects of study, including nursing, English, and business.
In the past, most students obtained their bachelor’s degree through in-person study. Today, it is becoming increasingly popular to pursue this degree online.
What Are the Pros of Pursuing a Bachelor’s Degree?
Before we take a look at the cons, you need to know the positives. Pursuing a bachelor’s degree is a worthy pursuit, but it is not for everyone. The following are some of the pros you can expect from this degree.
Increased Earning Potential
One of the most significant pros of pursuing a bachelor’s degree is the potential to earn more money. According to the US Bureau of Labor Statistics, people with a college degree typically make around $1,416 a week.
Those without a college degree earn around $712 a week. You can make almost double the salary amount per week with a college degree.
With a bachelor’s degree, you will make a median income of around $35.40 an hour. According to experts, this equates to $3.8 million in lifetime earnings.
New Career Interests
Seeking a bachelor’s degree exposes you to many areas of study. To receive a bachelor’s degree, you must take a multitude of classes for four years.
Taking these classes offers you experience with various subjects. For instance, you may major in business but discover you want to minor in another subject, such as marketing.
Broadening your career interests gives you more leverage in the business world. Increasingly, companies are looking for highly educated employees with multiple areas of study experience.
More Attractive to Employers
As we just discussed, employers are looking for applicants with higher education on their resumes. A bachelor’s degree tells potential employers the applicant has the tenacity to stick with their goals and reach them.
A four-year bachelor’s degree also informs employers you have the skills to learn, meet deadlines, and excel when given multiple responsibilities at once.
When you attend college and pursue a degree, you make connections with many professionals who have similar career goals and interests. Not only will meeting these people lead to friendships, but they will also help you with professional networking.
You can use fellow classmates as references, connections for potential employment, and business partners. One can never have too many professional connections.
What Are the Cons of Getting a Bachelor’s Degree?
As with anything, there are cons associated with seeking a bachelor’s degree. To make a balanced decision, you must weigh the pros and cons to ensure you are making the right choice.
While some students may have the finances to handle the costs of pursuing a bachelor’s degree, most end up needing to pursue student loans. Earning a bachelor’s degree could leave you with student loan debt that takes years to pay off.
According to the Federal Reserve, the average person has $32,731 in student loan debt. The average monthly payment is around $393. What happens if you cannot obtain employment with your degree? The debt will still be waiting.
Putting all your focus on pursuing a particular field of study could limit your career choices. If you get into a career in business, for instance, and find you are unhappy, you could be out of options, at least temporarily.
Spending four years to pursue a bachelor’s degree could lead to you feeling as if you wasted your time. Would you have to start over with your academic pursuits to obtain employment in another industry?
Getting a bachelor’s degree is demanding. Not only does it take four years, but you must factor in your daily class schedule, along with the time it takes to study.
Balancing your schedule can be difficult, especially if you need to work in addition to going to school. Before jumping into the pursuit, you need to ensure you can remain committed to a demanding schedule.
Popular Areas of Study for Bachelor’s Degrees
There are many areas of study you can pursue a bachelor’s degree, but some are more popular than others. According to the National Center for Education Statistics, colleges awarded 2 million bachelor’s degrees between 2018 and 2019.
Surprisingly, more than half of the 2 million degrees given out in these two years were concentrated within six fields of study. The average student pursues a bachelor’s degree field of study based on income. The following are the most popular areas of study for bachelor’s degrees.
- Health Industry Positions
- Social Sciences
- Biomedical Sciences
- Communication & Journalism
- Performing Arts
Take the Time to Research
Before jumping head first into the pursuit of a bachelor’s degree field of study, makes sure to research. You need to first examine your passions and pursue them.
You should also talk with people who are in the field you want to pursue. Take their advice and apply it to your educational career.
Although bachelor’s degrees are not for everyone, most students find the pros outweigh the cons. Preparing yourself for the process and the hard work involved will help you reach your educational goals.