College returns, monetary and otherwise

I got my BS in political science. Then, since I needed a job added an AAS in Respiratory Therapy. Been doing that for ten years, and it looks like I earn the median income for a master's degree. Who knew.

Also, the RN's @ my hospital make the median income for a Phd, and most have an associates degree. Wierd.
 
Interesting question - it's been fun reading the responses!

I have a BS in Psychology - minor in political science
(also completed education requirements so I'd have teaching to fall back on)

Plan at the time was to go to law school.
Good thing I decided to actually work at a law firm first.
HATED IT! :rolleyes:

Decided to stay home full time when we started our family.

If you only measure financially, I guess I'd have to say it may not have paid off in my case (at least at this point)
But I'm with disneysteve as far as the degree and the college experience being important in so many other ways as well!
I don't regret the time and money spent (had a bit of scholarship $$, but worked and took out a loan for the rest) getting that piece of paper at all!
 
I have an Associates degree in Nursing and worked for 11 years as an RN before I went back to school and earned a BS in Occuptional therapy. I worked as an OT for 2 years, got laid off (along with thousands of other OTs, PTs, and speech therapists throughout the country) when Medicare changed from fee-for-service to prospective payment, and went back to working as an RN.

I also have a home business selling books and ephemera online.

DH got a BA in Polictical Science and went to law school for a year before I met him. He hated law school and ended up being a retail manager, which he liked. He went back to school at the same time I did and got a BS in Physical Therapy. He also worked 2 years as a PT and was laid off 5 months before I was laid off!

But guess what--he hated being a PT. He worked in geriatrics, and just couldn't accept that some people don't get better. It wounded his soul. Now he owns his own business repairing, upgrading, networking etc. computers and he really likes it and is doing well.

So neither of us are working in the fields we obtained our last degrees in (OT and PT). I think the experience was worth every penny, but my DH thinks it was a complete waste of money (of course, nursing is a field related to OT so I feel like I use my OT skills everyday). We are 50ish and still owe about $30000 in student loans which will be all paid off before retirement.

Can't say going back to school was a great FINANCIAL decision for us, but graduating and entering a new field at the age of 40 made me feel like I did when I was a kid, that I could do ANYTHING. You know....artist, hair-stylist, astronaut, Indian chief, firefighter...the whole world seems open to you, occupationally, when you are kid.

This was the feeling that changing occupations gave me, and I still have a great part of that feeling--I've opened my own on-line collectible paper business and still feel like a have a few more careers to get under my belt before I retire!
 
I got my BS in Accounting with a minor in Finance and Banking. I've been in Banking/Finance since I was seventeen... :teacher: so it's been 17 years! I love it and since I worked at a bank (FT) during college, they paid for most of my schooling. My college loans at graduation were only $10,000! And that's for 5 years of school!

So was it worth it financially? YES!
 

I started as a elementary ed major and decided that wasnt the road I wanted to take. switched to nursing when I met dh and received my AA in nursing. It works very well with our family. very flexible and the money is very good. I work around dh's schedule and one of us is always home with the kids. I get to volunteer at the kids school, pick the days I want to work and still receive a paycheck.. I work one day in a very busy er and two other days at the most in a surgery center pacu. cant beat it! I have no desire to go back for my BA or masters at all. there really isnt any reason for me to do it- they dont pay extra to have it and there is no way this mama is going into management or desire to get my nurse practioner license.


High School graduate $28,807
Associates degree $35,389
Bachelor's degree $46,276


seems different for dh and I- he works in the fd as a medic/fireman. He doesnt have a degree since back than it was a certificate program, while now adays its a AA degree. That amount for the bachelor's degree is the starting amount for a new medic at our county's dept and it only goes up from there without any othe raises or promotions- topping out over $93,000 upon retirement :confused3 and as far as nursing- the starting pay for a RN in my hospital is $20.15. thats either a AA or a BA...

this is one of the reasons dh and I feel if our kids have a desire to follow in our footsteps and go into the medical field they can start in HS with the EMT program, etc. ds can go right into the field when he is 21 and retire with a full pension at 41. we were justing saying the other day how nice its going to be when dh has his 20 years in and can either start collecting his pension at 75% of his income upon retirement or stay 3 more years to do the drop plan for some extra $$$. all without a degree... :rolleyes:
 
I have a Bachelor's in nursing, and have been in the field for over 12 years. It was what I wanted to do since I was in 3rd grade. I am an ICU RN, and have in the past tried one of the multiple options that are available to nurses and worked at an Insurance Company as a case manager. As far as I am concerned that was a total waste of 2 1/2 years of my career. Working Monday thru Friday with no weekends and no holidays is not really all that it is cracked up to be. I enjoy my every third weekend, knowing that I will have some time off in the week to help out at my son's school, or have my daughter in gymnastics during the day.
 
I have read all the responses in this thread and can say that you all have put my mind at ease. DH has been asking questions about our twins who are in their senior year of College (different colleges of course and different majors) and his worry over how they will do once they graduate. Now I am armed with your answers to Cindi's question and feel that I can calm his fears in some respects.
My biggest dilemma right now is graduation for the two of them is on the SAME DAY and they are 6 hours apart!!!!

Nancy
 
wdwbound said:
My biggest dilemma right now is graduation for the two of them is on the SAME DAY and they are 6 hours apart!!!!
One parent at each, and each with a video camera.
 
mamalle said:
...seems different for dh and I- he works in the fd as a medic/fireman. He doesnt have a degree since back than it was a certificate program, while now adays its a AA degree. That amount for the bachelor's degree is the starting amount for a new medic at our county's dept and it only goes up from there without any othe raises or promotions- topping out over $93,000 upon retirement :confused3 and as far as nursing- the starting pay for a RN in my hospital is $20.15. thats either a AA or a BA...

this is one of the reasons dh and I feel if our kids have a desire to follow in our footsteps and go into the medical field they can start in HS with the EMT program, etc. ds can go right into the field when he is 21 and retire with a full pension at 41. we were justing saying the other day how nice its going to be when dh has his 20 years in and can either start collecting his pension at 75% of his income upon retirement or stay 3 more years to do the drop plan for some extra $$$. all without a degree... :rolleyes:


When comparing yourself to the Bureau of Labor Statistics, remember these represent a national average. They do not account for differences in geographical location, career choice or length of time in any profession. There will be people who are significantly above as well as below these figures. I make more than twice what the table show as a median income for someone with my educational level. But I work just outside NYC and have been in my profession over 25 years.

Not that there aren't exceptions because there always are, but if you are playing the odds, the statistics say that the more education you have, the more money you can be expected to earn. :teacher:
 
i feel that what you make when you get out of school really depends on how lucky you are or which field you go in to.

i just graduated with a degree in biochemistry and the most i could make in my field would be about 35,000$ maybe 40,000$ if the employer reallllllly liked me.

i know other people who are in different fields (mainly... investment banking) who are making nearly twice what i would, upon graduation.

in science, the bachelor's degree is the new high school diploma.
 
I get your point, although I think that is so incredibly difficult to really measure. If you end up in a career other than what your degree was in, does that mean college was of no value? I don't think so. A lot of life skills are learned in college that serve you well no matter what field you end up in. Plus, if you got a well-rounded liberal arts education, you took classes in many areas besides your major.

I agree. I went to a private, liberal arts college that was very expensive. All said and told, the total bill for four years was 133,000 dollars. Of that 133,000 dollars 117,000 dollars was paid by scholarships, grants, and a very small amount of cash each year (my family was poor and so I paid the minimum 1500 dollars a year towards my expenses). The other 16,000 dollars was in loans.

I majored in English and minored in French and Education to get my teaching certification grades 6-12.

I got nothing but harrassment on why I would "waste" such an expensive education to get a teaching degree when I could have gone to the local community college if I "just" wanted to be a teacher. Peopled rolled their eyes when my first job after graduating paid significantly less than it cost for a years tuition.

Now, I am a full-time SAHM. We are also a committed homeschooling family so my education degree is going towards teaching my own children. But it is a long term investment...I will not be going back to paid work for a very, very long time, if ever.

I think my degree was worth every penny. I loved my college experience, and found the knowledge I received and the learning I did while there priceless. I'm glad I had the opportunity to become an educated and knowledgeable citizen of our country...my education makes me a better wife and a better mother. I think those are values of a college degree that go far beyond whether or not one ever uses their college degree to make money. :goodvibes Not that it is wrong to choose to go to college for monetary reasons...just that one should consider the intangibles when considering whether or not college is worth it. :teeth:
 
I have a BS in nursing and have worked in the field for 18 years. The $$ and benefits are pretty good. We do 12 hour shifts. I can take 3 days off work and only have to work 3 days in 3 weeks, and only use 36 hours of vacation time. I can work 6 days out of 7 and then have a week off, out of every two weeks. It works out very well for me. I get to travel a lot and right now I am sitting on almost eight weeks of vacation time.
 
depends on the field that you go into and where you live I agree. we live in south fla and if we moved up north would be making even more than the stats listed for degrees but the cost of living is much higher. granted I want my kids to go for a 4 year degree but if they do decide to go into the medical field with a lesser degree- by all means we will support them. It has done well by dh and I and will continue as there will always be a need. the population is growing and the acuity is only getting higher.
 
I am in the process of adjusting to being a full time student again for the first time in almost 10 years. I have my bachelor's and Master's degrees in speech therapy, practiced for a while, then got into hospital risk management & patient safety (sort-of by chance). I loved it, but could not advance any further without getting my nursing degree. So when my husband got a job promotion, it was my opportunity to go back to school full time while my daughter is still in preschool. I should be finished with my BSN (I hope) in 2.5 years...but it has definately been an adjustment for me. Eventually, I'll pursue my Master's in nursing as well, but I've got to get through this first. I have to say though, my time spent in the working world has definately helped my study skills. I am very organized and can manage my projects and studying much more effectively than the first time around (age helps too ;) )

Good luck to all of those in school and are managing families (or have done so already) - I feel your pain!
:crazy:
 
mamalle said:
depends on the field that you go into and where you live I agree. we live in south fla and if we moved up north would be making even more than the stats listed for degrees but the cost of living is much higher. granted I want my kids to go for a 4 year degree but if they do decide to go into the medical field with a lesser degree- by all means we will support them. It has done well by dh and I and will continue as there will always be a need. the population is growing and the acuity is only getting higher.

With the aging baby boomers, me included, :wave2: all medically related fields offer exceptional career opportunities. You and DH are definitely in the right field at the right time! And the supply of trained people will not be able to keep up with demand, either. At the university where I teach, we have a terrific nursing program, but we are turning well qualified students away. Why? :confused3 Because we desperately need more trained faculty for the program! :sad2: This is true throughout the country. Not only is there a shortage of nurses which is expected to get worse, there is also a shortage of people qualified to teach in nursing progams. :eek: Any of you folks in the nursing field who are interested in teaching, give it some thought... the demand will be there for a long time.

The great thing about medically related fields is that your training is highly portable... you can move almost anywhere and get employment... and if you want to work, you will find a job. :teeth: It's tough work, though, so it really needs to be something you love.

Of course, the choice of any career is much more than money. I like the advice my father gave me when I was younger... find something you love to do and then get someone to pay you to do it! ;)
 
I received my BSBA and have an additional certificate in International Business. I work as a strategy consultant in the metals industry and I use my degrees everyday! I :love: what I do!

BTW, I'm shocked at what the median income levels are for various degrees. I was happy I got into consulting before but after looking at those numbers - I'm really happy I got into consulting :teeth:
 
I'm just curious...there are many responses stating the college years taught you so many things, you wouldn't trade it for anything. Can anyone be specific? I went to college for a year (lived at home w/ Mom & Dad) then transferred to a hospital-based x-ray program and graduated 2 years later. I'm not really sure what those years taught me other than to study hard and be persistent, which I was already doing in high school. I never had much of a social life, so is that the "experience"?
 
staceyfe said:
I'm just curious...there are many responses stating the college years taught you so many things, you wouldn't trade it for anything. Can anyone be specific? I went to college for a year (lived at home w/ Mom & Dad) then transferred to a hospital-based x-ray program and graduated 2 years later. I'm not really sure what those years taught me other than to study hard and be persistent, which I was already doing in high school. I never had much of a social life, so is that the "experience"?

Well, without spending TOO much time thinking it all through, the first and main things that come to mind are the experiences gained from meeting new people. This does include the social life, but more importantly to me, the intellectual side as well.
I met professors who spent their entire lives studying archeology and evolution, human relationships and developmental stages, mathematical concepts, etc etc etc. I came in contact with people from all walks of life, from many countries, social backgrounds, ethnicities... These people are forever etched into my memory, and when I encounter things in my daily life, I think them often. I remember one professor who sung praises to my writing, and helped give me confidence to stand up for what I believe in. I had science professors who, while I dont share their passion for the subject, showed me the intricacies involved in scientific thinking. I had amazing education professors, teachers who spent years being the best of their field, and now to the time to share their great wealth of knowledge with me. In my experience, I gained so much more from most of my college professors than my grade school teachers. I think this this is maybe because college was more of a choice than hs, so I listened more, but the main reason I think is becuase most of my teachers were absolutely PASSIONATE about what they were teaching, so it was easier to get interested.
In my classes, I met so many students that I probably wouldnt have gotten to know outside of school. I met people who were raised in poverty, who had worked their butts off to get to where they were, who gave me a great appreciation for anyone who has to work so hard to get where they need to go. I met people from other countries who had come here to get the great education that I often took for granted. I met children in my work in the schools, kids whose stories would shock you, who gave me a strong desire to DO something, to help the kids, to make it better for them. I met kids that were amazing little people, who reaffirmed my faith in humanity, kids who I just know will do amazing things with their life. I also met a few kids that really helped me understand what my future children would NOT behave like :rotfl:

I know that life experience happens outside of college as well. I have learned alot outside of school, as well as inside. I was a bit of a nontraditional student, having gone two years, then taking two off to work, and then returning for the final two years of college. But my experience in college gave me so much, in such a short amount of time. I can only speak of my experience, and I know each person is different. But the wide array of individuals I had the opportunity to learn from, both inside and outside the classroom, made my college experience especially fulfilling and rewarding.
 
staceyfe said:
I'm just curious...there are many responses stating the college years taught you so many things, you wouldn't trade it for anything. Can anyone be specific?
I would echo everything staci said in her reply. Sure, you have life experiences all the time, but they are compressed and multiplied 100-fold in college. And I happen to believe that going away from home for college is a BIG part of the experience. When I was in college, I remember noticing a major difference between myself and my high school friends who lived at home for college. When I came home on breaks and saw them, they were still hanging out with the same people, doing all the same stuff, and just happened to be going to college. On the other hand, I came home with endless stories of dorm life, new friends, new places and new experiences.

Having gone to a small liberal arts school, I had the pleasure of becoming friends with many professors, visiting their homes, spending time with them outside of class. Being away from home, I occasionally got to spend holidays with strangers in their homes, meeting all kinds of interesting people.

The social life is also a big part of the college experience. I can honestly say I have only 2 lifelong friends from my 18 pre-college life years, but I have at least 20 lifelong friends from my 4 years of college life. I wouldn't trade those 4 years for anything and I'll do everything I can to make sure my DD gets a similar experience.
 


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