Is University Still Worth the Investment?

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#University #College #Education

[@zukritzeln]

It largely depends on what you study and "what you want to be when you grow up". If you want to specialise in a certain field with a view to teach it, or want to work in an area that requires a high level of qualification (like science, medicine, etc) then university is the correct next step. But if you are just planning on going because you think it's what you are supposed to do, or because it's what all your friends are doing then you need to stop and think realistically about what to expect after you graduate. Simply having a degree does not guarantee you a job anymore, because most people nowadays have been to university. There are also a lot of degrees being offered by universities that have little to no value in the real world.

[@tiefblau2780]

Invesnt to what? Be in debt? LoL If you can find your own way , LOL you would rather listen to someone something saying ohh you MIGHT get a high paying job ... And you see the job market , LOL! So yea you make your choice.

[@tiefblau2780]

So lets ask the majority right now ... What do you want to be when you grow up? Do you know what you want to be? Do ou know how much you are paying to be in debt?

[@zukritzeln]

@@tiefblau2780 Chill dude. Seriously. I graduated 20 years ago and this problem existed then, it's just gotten much worse since then.

[@ArawnOfAnnwn]

'if you are just planning on going because you think it's what you are supposed to do, or because it's what all your friends are doing then you need to stop' - what you describe is pretty much what most Asians do, and it works out great for them.

[@dorianodet8064]

Selection bias mostly : Brightest student are the one that goes to good college and succeed in said college. There is the added benefit of broadening your knowledge and training your mind to learn things for sure, but most of those skill you could've gotten, with a bit of curiosity, on the job as a beginner anyways. Except that without said degree, you're gatekept out of most job that come with good learning and evolving potential.

[@SathyaswamyS]

Let's make trade schools cool again

[@chedabu]

Hmm the indoctrination can be pretty damaging too

[@AB-jd5rz]

It's misleading to the point of being dishonest to repeat the old idea that "on average having a college degree means you'll make x times as much as someone who doesn't", the key term here being "average"...a true statement would be that SOME degrees (15 or so, mostly STEM fields) will get you paid way more on average, while there are a ton of degrees that will do almost nothing for you. We need to stop saying "college degree" as if they're even remotely equivalent.

[@pritapp788]

And to make matters worse, such averages are distorted by the high earnings of boomers reaching the final years of their career, having worked during a period where college degrees did result in a significant premium on wages.

[@xiphoid2011]

Let me give an Asian American (also immigrant American) perspective on American universities and students. It's wonderful for most of us Asian Americans. We came dirt poor, just really good at studying and math and sciences. Meeting my wife (another Chinese student) in graduate school just made the whole thing more AWESOME! We studied health sciences and graduated with six figure $ in debt which was worrying for us at the time, but our pay was more than that in our first year after graduation. So as the video said, education is an investment. And choosing the right degree to study has always been the path to the American Dream. Unfortunately, we also see many other students who are making bad investments, studying majors that have few or no real world jobs or pay very little. In Asia, we are taught to study "hard sciences", be good with math, chemistry and physics and you can go anywhere in the world and still find a good job. Know the worth of what you study should be common sense, right?

[@norrismukembe167]

As an African, coming from similar circumstances approve this message

[@SathyaswamyS]

Yeah

[@doujinflip]

If you’re not interested in ultimately leading organizations yeah. Soft skills are just as important for lifetime earnings, and one of the quickest way to demotivate most people is by hitting them with technical figures. There’s a reason STEM graduates are notoriously troublesome to work under, and why they tend to perform poorly in politics.

[@chedabu]

​@@doujinflipnice cope

[@TamPham-rv9qn]

I agree that studying is an investment. Studies give a person higher potential. It's worthless if not utilized your potential. You cant just go open a business without knowledge unless you have rich parents.

[@chris_is_here_oh_no]

Excellent video, fascinating statistics!

[@ArchangelXCI]

I have an IT degree. Did it help me get a job in IT, yes. Have I used what I have learnt, no. Work experience has taught me everything useful.

[@doujinflip]

I have a social science degree, yet work as an IT manager. Turns out pulling cable and tweaking configurations is straightforward, what’s harder is steering human users towards best practices and away from policy violations through the mentally easiest and least annoying methods.

[@FranciscoCorreia10]

Yes depending on the country

[@kdnofyudbn5918]

If you study STEM, Finance or Medicine then I would say yes. But if you major in French/English lit, Psychology, or Calligraphy ( you get the idea) then you've wasted your parents money and will most likely driver Uber or work retail.

[@mulalobusinge]

Though that's relative to the country ...there are plenty of people working jobs not related to their studies...even STEM has its unemployment levels

[@TouringTony]

Totally agree My niece is doing an apprenticeship in IT and earning good money. Whereas my daughter is going to study engineering

[@doujinflip]

I studied sociology and earn a six figure salary. Turns out that human users are the weakest link in an information system, hence a career in cybersecurity and network administration.

[@shaunrosenberg4568]

This is it.

[@kevinwilliams3694]

I'm still waiting for someone to do income effects of university attendance controlled for IQ, or even grades.

[@kyleolson9636]

College graduation is a much better predictor for future income than a high IQ score. There used to be a 20 IQ gap between a college and high school graduate, but that gap has dwindled to about 5 IQ points today (so many people go to college now). In 1990 there was about a 10-15 IQ point gap between these groups, which research suggests would provide about $400k in increased earnings on average (in 2024 dollars). The average college graduate in 1990 would make about $1+ million more in lifetime earnings, meaning increased IQ could only account for at most 40% of the increase in pay. The rest is due to a combination of the credential, networking, and the skills gained.

[@andresilva5547]

If you aim to study engineering, law, medicine/nursing, maths, economics/finance and everything that has a lot of maths in it, yes. Everything else, don’t bother.

[@sharinaross1865]

True facts.

[@egukeefemenavictor]

Great video

[@jamesbonander]

some degrees pay very well some are worthless. there are too many history students but not enough chemical engineering students. we dont have a need for that many interest group studies, /gay, women, Black, chicano, etc. there is no market. But we do not have enough coders. We have loads of Marketing people but never enough industrial engineers.

[@TouringTony]

Please do a video specifically on Spanish university and its impact on earnings. My daughter is looking to study there

[@panathaninf]

As a person who frequently interviews people who are to start their career with around 6 figure salary, a top university degree on time with top degrees is an absolute must, it provides some safety based on the expectation that a person who was excellent at school until his university is expected to perform in a way that is worth the salary and most importantly the time(=cost) spend by others to train him.

[@eaphantom9214]

Interesting 🤔 I'm learning to achieve the necessary grades to get to university... Seeing this may give cold feet

[@michaelmayhem350]

No but yes. It's used to filter out an excess of applicants but as the population continues to grow this becomes less likely.

[@TheSandkastenverbot]

The people that brought us pretty much everything that distinguishes our civilization from bronze age agriculture were scholars and academics. That's reason enough for me to go study.

[@anthonycress327]

From a trade prospective I personally find collage to be a waste of time and a lot of that is because a lot of collages make you take courses that have nothing to do with what you are wanting to get a degree in.. trades are in high demand and it can be constantly changing depending on the trade for me. I initially when to school for mechanics. So with that automobiles are constantly changing with different features and safety standards. But I also know small engines, paint and body, along with welding, and some of this I accumulated skills while on the trade and it has helped a lot cause now I'm extremely versatile. For me to go back to school i would benefit more with furthering my trade skills expecally in the way of electrician work. But for me as an individual collage would of been a point of failure for me not cause I'm dumb or anything it's cause of the way I learn. I was a horrible student and I can't just sit in a class room all day that's coming from someone who has ADHD I didn't use that as an excuse but its me being real with my self and the way I learn. I also believe that college isn't for everyone as well for the same reasons as previous stated... And now that I have a child he sees it from both ends with his mom having a master's and his dad being a tradesmen

[@simonomega]

And then AI came and made this video obsolete.

[@looseycanon]

The field of study is the key. Sure, it's nice to learn just to learn (there are some universities, which will allow you to enroll in classes not related to your field), but if you can't apply it, it's worthless. Also, as someone who sent over 3000 resumes out while job hunting, I can tell, companies don't give a damn. Really, i feel, that these days, the best way is to go both. Learn a trade, come to an agreement with your employer and do school part time. Will also help you determine, whether the guy is worth working for.

[@timnicholls19]

So here's a comparison. I'm 38 did a apprenticeship in baking earn 70k a year as a baker. I could of started my apprenticeship at 15 but I was late into it at 20 (and wishing I had of done it earlier ) my ex wife did a university degree in social work did the degree at age 19-22. So we had basically the same time working in our fields. The last full year she worked she earned 80k so 5k more then me but ever 2-3 years she's been out of work for 6-9 months at a time as stress and injuries knock her out of jobs so over the course of nearly 20 years in our jobs I have had almost 3 full years worth of work earning and that included close to a year I was out after a vehicle accident. My mate has a cert in horticulture and earns 125k as a farm manager

[@adam872]

Depends on the degree. There is a study done by Preston Cooper called "Does College Pay Off? A Comprehensive Return on Investment Analysis" that covers all of this and is very illuminating. Choose the right degree from the right institution and it is indeed your meal ticket. One thing I think the needs attention and it's mentioned in the video, is there are kids going to university who frankly shouldn't be there. They don't have the marks or the skills from high school and they're being set up for failure. This isn't a criticism of them, it's a problem with the admission system and this misguided desire to just shove as many people as possible through the university sector. That needs revisiting. Those kids would be better off pursuing a trade or going into full time employment straight out of school.

[@ThoughtsbyJohn]

I’m 19 starting out in tech sales after taking an online course for less than 1000. Ive started investing 500 in nasdaq every month. I feel people should be more open to other ways of learning and not feel stuck that there only option is university or trades. It may be hard but put in your mind that as long as you don’t quit, you can’t fail.

[@Abdul_Rahman86]

This is a big depends on what you study and the country. I have a medical degree and got a job that pays 1.4k per calendar month after total deductions for the NHS. Ask other doctors and they’ll say the same. I got a job in finance that requires no degree. I started on 38k per annum

[@FlamingBasketballClub]

Please do a video on Real Madrid's finances.

[@josephhesse2634]

This vdo is just for the people in the western world. Over-here in south east asia, vocational degree/training are way way harder to get job and will receive less money. For now University is the way to go. Hope this can change tho. Because university start to open a lot of “junk” program to make money (due to high demand)

[@Money8OOST]

No, unless you want to become a doctor or something that absolutely requires it👍

[@Spitefulrish]

I’ve just turned 33 and received a pay rise due to change of a job that’s larger than my entire student loan and all its interest over the past 10 years. For me it’s paid off, I’ve also managed to build a small investment portfolio over the past 3 years and I’ve bought a house as well. Im from nz and started in a trade after school but pivoted to insurance and completed a degree in finance in my mid 20’s. Am now actuary and or a loss adjuster depending on what I feel like doing at any given time.

[@googleisacruelmistress1910]

Going to a collage might not provide you with an advantage anymore, because the degree market is pretty saturated, but not going to one can certainly be a career disadvantage in many fields, I think that the real question is what's the price point in your field by which the disadvantage of not going to college becomes worth it? And then there are of course things like masters programs, which do provide an advantage, but again, the question is - is the price worth it?

[@Issac-eg5ek]

I was looking at what people make with and without a degree recently. For example, I was looking at how much an aerospace engineer makes at nasa with a bachelor's degree and six+ years of experience and they make only about 130k a year, while simultaneously someone without a high school diploma can earn up to 150k in construction in the United States

[@mishapurser4439]

Education is always good for its own sake. But because people have to pay a lot of money for uni, there is a big opportunity cost to going. These days its probably not worth going to uni when thanks to info tech you can easily access the information you'd learn at uni outside of it.

[@RAMBOLOGY]

Before watching this video, I'll say college is a number of factors but i find its always what you make of it.

[@jitkablahakova3073]

Yes, unless one majors in silly subjects.

[@egg174]

Not if you have to take a $200k loan

[@a.k.1457]

The economic factor is only one of it. As a foreign parent, I worry more about the culture aspect, which could range from slightly disappointment to the extreme of losing a child due to indoctrination.

[@hugbugDS]

It's way too easy to get a student loan, all you have to do is be eligible to go to uni and the government is willing to give you thousands to study whatever crap that may or may not even get you a job. A lot of degrees are useless but sure some are not and there are many jobs that require them. Even for many jobs just having a degree even if its not in the same field is needed just too prove that you can get a degree therefore you must be a competent person. Uni now is more about having a continuation of school and avoiding work, for most its about the social life and the parties.

[@dekev7503]

I’m sure I speak for all African immigrants when I say that there are only majors Engineering, medicine/healthcare, law and family disgrace.

[@ArawnOfAnnwn]

I hate that these studies consider the wages all through a persons' working life to be creditable to their university. That is giving the universities way too much credit. Beyond at most a decade of working after getting your degree your wages are and should be considered your own value, NOT credited to where you got your degree. Your employer has plenty of professional history to look at to decide how much to pay you - if they continue to base your job on where you studied a decade ago that just makes them look dumb and shallow imo. So I don't care how much university degree holders who've been working for years make, and wouldn't add it to the figure of university RoI. It should only be considered how much a university degree raises ones income immediately after getting it and for a few years hence.

[@ArawnOfAnnwn]

Also this comment from below - 'It's misleading to the point of being dishonest to repeat the old idea that "on average having a college degree means you'll make x times as much as someone who doesn't", the key term here being "average"...a true statement would be that SOME degrees (15 or so, mostly STEM fields) will get you paid way more on average, while there are a ton of degrees that will do almost nothing for you. We need to stop saying "college degree" as if they're remotely equivalent'

[@pritapp788]

Exactly. In the best of cases a reputed university might have you one step ahead but once you work, you're on your own. It's a battle of individuals, not colleges.

[@Mrgunsngear]

🇺🇸

[@snackplissken8192]

When my grandparents were young, a college degree was a strong proxy for either being a social or intellectual elite. The percentage of positions for the elites is not directly correlated with the number of people who get degrees. This forces the elites to get more and more advanced degrees to prove their status and compete for the limited number of elite jobs, while increasing the cost of credentialing for everybody. It's precisely inflation. By making university close to universal, you just guarantee that your barista and your delivery driver have taken on tens of thousands of dollars in debt and put off family formation for several more years. The university income premium is a prime example of why the average income, with its heavy weighting of outliers, is much less important than the median. University is only worth it for people who can complete a high value major and parley that study into work in the field they studied in, otherwise it's just a debt trap to keep you out of the middle class.

[@armorbearer9702]

What about health? What are the effects college has on a person's health?

[@pritapp788]

It's largely negative yeah: the pressure of studying to get the best results, the anxiety about what happens later, the level of peer pressure and the sense that the lecturers largely don't care about you.

[@gilberttello08]

👌👌

[@jonnygraham2372]

It isn’t an investment: it’s a way to ensure voluntary servitude at gun point.

[@RFXZ67966]

That interest rate argument was wrong. Higher interest rates typically mean lower asset and equity price growth so higher interest rates would reduce the opportunity cost

[@ArawnOfAnnwn]

They're assuming you invest into govt. bonds or equivalent as that simplifies things since they're so much more stable. Basically if you just put that money into a safe investment, would it pay out more than a degree?

[@somerandomedgyguy1723]

Just don't live in the US or UK, preferably central Europe and get your Uni for (almost or completely) free. Easy hack. Thank me later. Sincerely yours, Bert (with glasses cause smart).

[@AnthonyRusso93]

Exclude established professionals from the data. The heck is wrong with yall

[@AnthonyRusso93]

Hey let's pad out the data including people who earned wealth in career paths that don't exist anymore and won't be there is the future for young people today to obtain in 20 years. You guys are seriously slipping up in your critical thinking this is why data analysts may or may not be obsolete they either interrogated the data or they didn't You didn't

[@viteusthemad]

Look who making the video? I'm sure your degree helped out? Also saying that mainstream media is saying otherwise is disingenuous they always suggest college

[@tiefblau2780]

Invesnt to what? Be in debt? LoL If you can find your own way , LOL you would rather listen to someone something saying ohh you MIGHT get a high paying job ... And you see the job market , LOL! So yea you make your choice.

[@maximfiodorov3879]

flipping burgers at McDonald's is great investment. 😂😂😂 University is the only chance to find a decent job a be in the middle class.

[@ArchesBro]

You guys didnt put this video in the oven for long enough, #1 you used the average which is heavily skewed by the wealthy top 1% #2 you mention tradeoff cost but didnt explain how working to pay off debt or gain wealth to purchase assets like stocks competes because historically the US stock market does 8% or 5% if paying down debt. If you factor in tradeoff cost, student debt, median wages, you would realize not going to college poops on college degrees

[@chillout914]

do a voctional training at 20 years old and get married , university is a scam believe me

[@Joe-xq3vp]

The secret to become a millionaire is not a secret. Pursue a nursing program, become an RN, work for at least 1-2 years to specialize on a certain area, and do Travel Nursing and earn millions. That's how you do it. Thank me later.

[@winniediallo4118]

Put it in practice and let me know if you succeed. That is sorta my plan, except my degree is in sonography.

[@Joe-xq3vp]

@@winniediallo4118 yea yea, I’m just saving for my tuition fee then I’d probably proceed the soonest. You can opt for Accelerated BSN tho.

[@Joe-xq3vp]

@@winniediallo4118 there’s an accelerated BSN program in every state/city in the US tho

[@Campaigner82]

Through half of the video. You compare college/university with working for buying a house at 25…. However, if you’re unemployed for a long time, that’s even worse. Also, comparing investing into stocks while working with going to universities sounds alien to me.

[@Aeonshield]

Fuck statistics. Use your experience may vary.

[@j_yh]

Better check that audio volume ..VERY HOT

[@StevieFQ]

LOL. It's funny you picked programming, cause if you asked anybody working in IT how much they use from uni they would say something between very little and fuck all. Uni is great for fields where you can't learn on the job. IDK about you guys but I want all my medical care professionals to have a uni degree, no exceptions. On the other had most jobs rely almost exclusively on "on the job" training so the requirement for college is inefficient here. And no, free uni is a burden not an advantage since that 2-3 years of opprotunity cost is way more expensive than any subsidy the state provides.

[@amirhosseinhosseinzadeh7627]

I'm sorry, how do you learn on the job when entry level jobs require 2 - 3 years of experience?😂

[@ArawnOfAnnwn]

'most jobs rely almost exclusively on "on the job" training' - in practice sure. However that doesn't stop them from insisting on a degree, and often being very stingy about said training cos they really want people who can hit the ground running and provide value immediately. Hence why they keep asking for 'experience'. Most companies really don't want to train their workers, they only do so begrudgingly when they see how useless the degree they insisted on is. And yet they still insist on it...

[@pritapp788]

Learning on the job would be perfect if employers were keen to embrace it instead of using university degrees as a gatekeeping measure. So on one side you have employers who berate college graduates for not being job-ready but on the other they mostly won't consider non-graduate applicants.

[@0401412740]

Best degree is Business/Commerce