For years, the best way to get a good-paying job was to get a degree
from a four-year college. The problem, however, is that four year of
college costs a great deal in terms of both time and money, and it may
not be suited for people with practical minds. Besides, a college degree
in crowded major that is in little demand like — sociology or
anthropology — doesn’t serve the purpose.
The bias towards four year college education has created a labor
market paradox: A big surplus of job seekers with university degrees,
and a big shortage of job seekers with practical skills…like computer
support specialists, electrical technicians, respiratory therapists, and
so on.
Job type | Number of Jobs | Median Annual Salary | |
Computer support specialists | 607,100 | $46,260 | |
Electrical Technicians | 151,000 | $56,040 | |
Respiratory therapists | 112,700 | $54,280 | |
Telecommunications installers | 194,000 | $54,710 | |
Food Science Technicians | 21,300 | $32,760 | |
HVAC installers | 267,800 | $42,530 | |
Industrial engineers technicians | 62,500 | $48,210 |
Source: Occupational Outlook (2010), Harvard Business Review (2010)
What does it take to be qualified for these types of jobs?
Practical training, which can be acquired in three ways, according to Harvard Business Review (Who Can Fix The Middle Skills Gap?):
First, by an apprenticeship, or attending other union-employer supported programs like the Energy Workforce Development Program, formed by a consortium of electric utility companies and the International
Brotherhood of Electrical Workers. Completing such programs enhances
lifetime employment income by $250,000, according to the above quoted
article.
Second, by attending a sector-based regional initiative funded by
National Network of Sector Partners (NNSP) like the Bay Area Work
Funding Collaborative, and the Skillworks, which provide training for
local jobs in high demand.
Third, by getting an associate’s degree from a two-year community
college, which teaches practical skills. Such a degree can increase
earnings by 13 percent for men and 39 percent for women.
The bottom line: Attending a four-year college may be the ticket to
getting a good job, but it isn’t the only one. A certificate from an
apprenticeship or a local business-community partnership, and an
associate’s degree from a community college can be a better alternative,
especially for people with practical minds; and they may be paid for by
prospective employers and the government .
Also read:
3 College Majors That Will Earn You $100K5 Simple Steps To Change Your Life
Good Debt Bad Debt
The Six Rules of Personal Success
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