An investment in knowledge pays the best interest.
An education is the biggest investment you could make in yourself. You’ll carry the skills you learn with you for the rest of your life. No one can take them away. You can’t default on them.
But you can fall behind on student loans. That’s why it’s important to consider the returns on your training investment. How does the cost of trade school stack up against other educational options, the job prospects after graduation and the satisfaction you could find in your career choice?
Vocational Training: Low Cost, High Career Potential
- 81% of construction companies are having a hard time filling salaried and hourly skilled trades positions.viii.
- Vocational training can prepare you for them at a fraction of the cost of college.
Cost Comparison: Traditional vs. Vocational Education
Bachelor’s Degree from a University (4 Years)
Associate Degree from a Community College (2 Years)
Trade School Certificate (<1 Year)
Potential Return on Investment
- 4 years of college is not the only route to a good paying job. In the U.S., there are 30 million jobs with a median yearly salary of $55,000 that don’t require a bachelor’s degreev.
- Supply and Demand: The skilled trade shortage is forcing more companies to raise wages for workers with the right skillsvi.
Educational ROI: Earnings Comparison
$64,896 in 2017
$46,124 in 2017
High School Diploma
Trade School certificate
Qualitative Returns: Career Satisfaction
- Engaging work was the top reason American workers cited for staying at their job in 2020xi.
- Skilled trades jobs aren’t boring. Welders, electricians and HVAC/R technicians put their skills to work to rebuild and repair America’s infrastructurex.
- Building and fixing thingsxi
- Active workxii
- Working with your handsxi
- Travel opportunities for weldersxiii
- More than 40 percent of college graduates worked jobs that didn’t require a degree in 2020.xii
Vocational Training: A Wise Investment in Your Future
A post-secondary education could be the first major investment you make after high school. It’s a big decision because it could impact how soon you can hit other major milestones in your life:
- Supporting yourself
- Getting Married
- Buying A Home
- Starting a Family
With lower training costs compared to college, healthy job prospects and the potential for career satisfaction, skilled trades training can be the first smart investment of many you makexv.
Ready to Start Vocational Training? Sign Up Today
Ready to get started with vocational training? We can answer any questions you may have and walk you through the admissions, enrollment, and financial aid process. Call us today.
vii – https://www.payscale.com/research/US/Degree=Technical_School_Diploma/Salary
New sources 6/16/21:
viii – https://www.agc.org/sites/default/files/Files/Communications/2020_Outlook_Survey_National.pdf
ix – https://www.bls.gov/careeroutlook/2020/data-on-display/education-pays.htm
x – https://www.payscale.com/research/US/Degree=Technical_School_Diploma/Salary
xi – https://www.ceridian.com/company/newsroom/2020/ceridian-report-employee-experience-paramount-in-the-future-of-work
xii – https://www.newyorkfed.org/research/college-labor-market/college-labor-market_underemployment_rates.html