Monday 25 July 2016

James Lukezic - Connection Between Education and Future Income

Most of those who have experienced success in the financial field, similar to James Lukezic a former Cornell alumnus, would agree that there is an obvious correlation between someone’s education and their future earning potential.

James Lukezic  

Your Education Level Influences Your Mean Earnings
According to 2009 data, there is an obvious correlation between education and earning ability. The mean annual earnings for those without a high school diploma stood at $20.000. That amount increased by as much as $11.000 among high-school graduates. Those who attended college but failed to obtain a degree had roughly the same mean earnings (plus $1000 annually).

An associate college degree resulted in a $41.000 mean salary, a bachelor’s degree clocked in at $57.000, and a master’s diploma at $74.000. The mean earnings linked to doctorate and professional degrees came in at 2nd and 1st, with $103.000 and $128.000, respectively. These numbers show a clear correlation between education level and earning ability.

Education Is an Investment
It is rather obvious that education should be looked upon as a future investment that very likely puts a cap on someone’s earning ability. By obtaining a master’s degree, PhD, MD or law degree, one virtually guarantees certain opportunities that are usually only available to a select few. The higher the level of education is, the lower the chances of having financial problems.

James Lukezic notes that while not all situations were created equal, and while some will never get the chance to pursue a higher education, all of those who have a realistic chance at it should do everything in their power to achieve these goals.