How Much More Money Do College Grads Make

How Much More Money Do College Grads Make? How Much More Money Do College Grads Make The Occupational Outlook Quarterly from The U.S. Bureau of Labor Statistics reports that college graduates can and do make more than other workers. The level of earnings remains difficult to predict. A study in 1998 indicated that the top 10 percent of college graduates were making three times as much as the bottom 10 percent. Related Articles Amount of Money Made by College Graduates Amount of Money Made by College Graduates Car Dealers With Programs for Recent Graduates Car Dealers With Programs for Recent Graduates What Is an Appropriate Monetary Graduation Gift? What Is an Appropriate Monetary Graduation Gift? College graduates can and do make more money because they are qualified to take on the higher paying positions in corporations. Graduates with a PhD, PsyD or master's will make more than a graduate with just a bachelor's degree. A degree is a qualifier, but it is not the only thing that determines income. Organization, Reliability, Responsibility The time spent to earn a college degree teaches discipline and responsibility that will serve college graduates well in the job market. A degree demonstrates to an employer the graduate's longevity in terms of commitment. Another study published by the Occupational Outlook Quarterly shows that between 1998 and 2008, the job market will include more openings for college graduates as baby boomers begin to retire. Growth industries, particularly those in the science and technology sectors, require more in the way of college education. Supply and Demand The demand for a more highly educated and skilled workforce has led to an increase in college enrollments through the availability of online colleges. Education is an evolving growth industry that is moving gradually from brick-and-mortar institutions to flexible, online classrooms. Where previously college graduates were limited to a small window of opportunity, online colleges encourage older members of the workforce to go back to school in order to develop new skills or to go to college for the first time. Corporations are partnering with educational facilities in order to encourage their employees to seek a higher education and to hire directly from the growing pool of available college graduates. Increased Specialization As the job market becomes increasingly dependent on specialization, college degrees are more important than ever. A freelance writer with a degree in communications can make more than the freelance writer with an associate's degree due to the types of opportunities made available.