It takes twelve years for a degree to become worthwhile

[Ace42X]

In the UK, at least. Rip-spin? I think so.

http://observer.guardian.co.uk/uk_news/story/0,,1759544,00.html

[voltanapricot]

I read somewhere last week that there was this idea of cutting down on the three year degrees to two year ones; they'd go without the long holidays uni students get in between working towards a degree. So in theory, it'd take less time to get the full financial worth of your degree.

I'm not sure how students would feel sacrificing their holidays for constant stress and nothing to look forward to.

[Ace42X]

The article mentions that. A two-year degree would bring it down to 8 years full time work before they break even I think it said.

[voltanapricot]

Sorry. Braindead. Back to school tomorrow. Thank fuck.

[franscar]

So I'll be 37 before I start making money?

Funny, they didn't mention it in the Prospectus...

[HAL 9000]

It will depend a lot on what degree you get. Also, if you can add a post grad degree with an extra years study, I think that will pay off faster. And you need a first degree to do a post grad one so these calculations should include the value of the ability to do further study.

[Ace42X]

I'd be interested to see the statistics. Post-graduate courses cost even more than degree ones, although this can sometimes be offset by bursaries or working for the university, so it is quite possible that post-graduate courses would merely extend the amount of time until you break even.

[jabumbo]

i think it really depends on what profession you get into

[franscar]

i think it really depends on what profession you get into

A cursory glance at a graduate recruitment website seems to say the word SALES in big shiny flashing letters. And very little else.

:(

[Kid Presentable]

If the key is just getting into the workplace, then around these parts that happens mostly with people who get Bachelor's in Commerce. Most other degrees, you'd need post-grad study, but a BComm can pretty much assure you a job, at the very least. I'd like to do a Master's in Management, but that's getting waaaaay ahead of myself.

A dude I worked with was back at uni at 26, studying part-time for a psychology degree, which on paper will be relatively useless to him. So not only is he taking forever to get a degree he may or may not need to elaborate upon, he's not earning much from other work while he's studying. That's the level I'm looking at at the moment; not only being able to get to class, but also being able to pay my bills and save some bank.