There are plenty of people who land a decent job without a formal education. Often times, these individuals will start in an entry-level position and work with the company for many years, proving their skills to move up the ranks. While it’s possible to acquire the skills and knowledge for some careers without a degree, in the long run, a formal education has its advantages. It is never too late to earn your degree. In fact, more non-traditional students are pursuing their degrees than in years past, balancing careers, family life, and other commitments.
5 Reasons Why It’s Never Too Late To Earn Your Degree
While you may be comfortable in your career, earning an education matters. Here are five positive reasons why it makes sense to consider a degree in your field.
1. Proof of Commitment
Pursuing a degree while already working in the field shows you are committed to your profession. Taking the time and spending the money to earn your degree reflects a desire to grow and expand your skill set. What’s more, moving toward a degree is evidence of persistence, determination, and the ability to handle challenging situations—many qualities that are expected of individuals looking to fill supervisor, manager and director positions. In some cases, employers are willing to support your decision to grow in your profession and will offer tuition assistance programs or flexibility in schedules.
2. Career Advancement Opportunities
Oftentimes there are limits to how far you can move up in an organization without a degree. Not only does having a degree advance your opportunity to receive a promotion, but it also will set you up with more opportunities for formal, employer-sponsored job training. According to one study, 58% of employers’ annual spend on formal training goes to employees with bachelor’s degrees.
In addition, a bachelor’s degree will help you outside of your company. While you may have built a strong reputation within your current organization without a degree, there may come a time when you will want to move to another company. A bachelor’s degree is often required. Without that extra credential, you may find yourself struggling to find a new job. While holding a bachelor’s degree certainly does not guarantee success, it can open more doors for employment.
3. Personal Growth
Pursuing your education provides an opportunity to challenge yourself and grow your expertise in a structured environment. Higher education also opens up a wealth of ideas in the arts, history, psychology, science, and other areas of study to enhance not only your knowledge but also your life in general.
4. Financial Gain
While money should not be the sole determining factor for considering a degree, there is a clear correlation between an individual’s education level and earning power. Education pays. In general, you will make more money with a degree. Adults with a bachelor’s degree currently earn 85% more than those without—a gap that has grown by 30% since 1970. The numbers show clear evidence that taking the time to pursue a bachelor’s degree can make a positive impact on an individual’s financial situation. Your bachelor’s can also serve as a stepping-stone to more advanced degrees, which can offer even higher salaries.
5. Recognition and Credibility
The effort put forth to complete your studies can stand as a central, character-building life event. And the feeling of personal satisfaction you receive from earning a degree can be very gratifying. A degree widens your future job prospects and earns you well-deserved respect and recognition in your current position.
It is never too late to earn your degree, and more adults are going back to or pursuing their first formal education now more than ever. Thirty-eight percent of students enrolled in degree programs are over the age of 25, and 25% are over the age of 30. The number of students who are over age 25 is expected to increase another 23% by 2019. While you may be comfortable in a well-paying career without a degree, a formal education will pay off in the long run for personal growth, career opportunities, and additional financial gain.
Capella’s online bachelor’s degree programs offer more than 20 specializations, minors, and concentrations, giving you the opportunity to focus and grow in the field of your choice. For select programs, Capella also offers FlexPath, a self-paced learning format.