In 2014, International Labor Organization published research about how millions of youngsters couldn’t find decent employment opportunities as they lacked higher education. Today, formal learning teaches you the theory and provides the much-needed “soft skills” employers expect you to have. Statistics show that barely 8% of the American population had graduated from college in 1960. In 2020, we had over one-third of our countrymen aged 25+ with a college degree. You can imagine how hard it will become to survive in the competitive workplace environment without higher education. However, it isn’t the only reason why you should improve your academic qualifications for career advancement.
Benefits of Higher Education for Career AdvancementA recent study suggests that the number of degree-holders in the USA increased drastically over the past fifteen years. Therefore, we can expect educated candidates to become a majority in the marketplace of the future. Moreover, technological advancements have compelled employees to continue learning to survive in this increasingly competitive environment. From entrepreneurs to full-time workers – these changes are influencing everyone. So, how exactly does higher education help advance your career? We will mention some benefits of better degrees here to explain why pursuing a master’s in subjects such as business administration has become essential today. Here are some advantages of higher education:
1.Higher demands
Employees prefer employing the services of degree-holders. For instance, a 2019 survey shows that over 90% of business owners wanted to hire MBA graduates. According to respondents, the benefits of MBA degrees include creating “value” for the companies. So, attaining a business administration degree means securing your job at well-established enterprises in the world. That’s why we suggest employees bolster their academic qualifications and focus greatly on pursuing master’s degrees.
2.More knowledge
It’s a no-brainer that pursuing higher education makes you well-versed in the current developments in your field. With two million scientific articles being published annually, continuing your education remains the only way to prove your worth. Building on your existing knowledge, a higher degree will help demonstrate your updated information to your superiors. This information allows you to work your way up the ladder and acquire leadership positions quickly within any business corporation.
3.Gaining soft skills
Today, you can’t excel at your job without harnessing soft skills. Pursuing higher education enables you to improve your communication capabilities. It also boosts your problem-solving abilities along with making you better at conflict resolution. These skills develop your personality and make you an ideal candidate for promotions. A survey shows that 44% of executives have found their workforce lacking soft skills. So, honing these skills will make you a valuable employee in any organization.
4.Expanded network
In the marketplace, opportunities don’t come your way unless you’re well-connected. Going back to school – whether physically or digitally – allows you to establish strong connections. You can bond with people from different backgrounds. These associations are leveraged in the future to help you discover unique career advancement opportunities. You can also enhance your knowledge and learn trade secrets from these university friends/associates by connecting with industry professionals.
5.Better salaries
With higher degrees come fatter paychecks! Employees are often baffled by entrepreneurs making millions without any formal education. However, these individuals are some rare exceptions. It would help if you had higher education for both entrepreneurship and career advancement. A 2014 Pew Research report shows that college graduates aged 25-32 make $17,500 more than people with mere diplomas. The value of diplomas is drastically decreasing. You can’t advance in your career with a mere diploma!
6.Improved employability
For more amateurs and professionals alike to improve your “employability” to remain relevant in the competitive marketplace. Digital skills have become necessary for most employees in 2021. That’s why even well-experienced workers must improve their employability (skills that make them valuable employees) for career advancement. These capabilities will become imperative for success in almost every business, from know-how about IT to using Zoom apps effectively. A 2019 survey shows that 80% of companies will require individuals with high-tech skills in the future. So, neglecting further learning can make you irrelevant in this ever-changing job market!
Conclusion
In the postpandemic workplace, career advancement will become interlinked with higher education. A survey shows that some 40% of Californian jobs will require a bachelor’s degree by 2030! Hence, Americans must pursue college education if they wish to advance their careers. It helps you develop the skills needed to excel at your job while communicating effectively with clients, coworkers, and superiors. You enhance your soft skills and network properly to make useful connections by gaining the relevant knowledge for career success and a strong work ethic. Therefore, your chances to succeed in that field increase considerably. That’s why you shouldn’t ever stop bolstering your academic capabilities.
Source:Plato Data Intelligence
