Bachelor Degree: Costs versus Potential Returns

Going back to school is basically an investment in terms of effort, time and money. You would obviously want to get the best returns for every investment you make and your undergraduate studies are no different, but how do you evaluate whether it'll pay off or not?

The costs depend on what program is undertaken. For undergraduate programs, the costs are between $5,000 and $10,000 a year. The cost would also depends on the mode of learning; full time student who participates in classes during the day, part time student who goes for weekend and evening classes, supervised learning which involves attending workshops and independent learning which involves self study, with online and e-mail support.

Don't jump into it just because your neighbor or your colleague is doing it. It's important to ask yourself why you're doing it. Is it worth your while? Will it add value to your existing or future careers?

No other factors weigh more on one's decision except the question of whether one's career prospects may improve or change once one graduates with that undergraduate degree.

Many people end up frustrated that they haven't recovered their money. Thus, before pursuing on a bachelor degree course, be clear about why you're doing it and what you're going to gain from it. Say, you're an account officer or an engineer assistant or a production supervisor wanting to upgrade your knowledge, certification would be the first step. You can then get a bachelor degree to give yourself a greater range of skills.

Another important question you have to ask yourself is where you want to go in your career. A bachelor degree in accounting would be more relevant if you want to become an accountant of the company for which you're currently working. It may not give you that boost if the skills picked up are irrelevant to your current job.

Find out what kind of skill sets are required to improve your job standing. Sometimes, you can't predict the future though. You may be happy doing what you're doing now, but with enough exposure, your interest can be elevated.

In order to evaluate the different types of courses, you should seek advice from the college in assessing future career interest, objectives as well as potential. Moreover, you should evaluate past academic track records too.

Since the value of an undergraduate degree is often not in that piece of paper, but the quality in you, you must check out the program, the course content and the reputation of the university. Will the program enable you to increase your skills or enhance your self-esteem? These factors make you more confident and credible.

It's crucial to consider the value of the program and not just the cost as better program usually comes with a value-price tag. It's also important to reflect on whether your bachelor degree will be recognized by your employers and whether it will give you the necessary skills, knowledge and help you be more articulate.

You can look at the rankings done by independent organization to identify the top ranked bachelor degree courses where these surveys look into factors like starting salaries, the extent to which it enables a person to get a job and academic resources available to the student.

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