Post-Secondary Education or apprenticeship and workforce?

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pro's of post secondary education

• Higher Salary
• Lower unemployment rate
• The Experience

Higher Salary

• -'...male college graduates earned about 1.3 times more ($1,137,000) [money], and male bachelor’s degree graduates earned about 1.7 times more ($1,517,200) [money] than high school graduates...' -- Statistics Canada.

higher salary

• •'...Women with a bachelor’s degree earned $972,500 (about 2.1 times more than high school graduates), and those with a college certificate earned $643,200 (about 1.4 times more than high school graduates).' -- Statistics Canada.

What does this tell us?

lower unemployment rates

• A college/university degree can qualify you for a lot of jobs and you'll also have an advantage over the applicants that don't have a degree.

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“We know that the employment rate increases with education,” said Melissa Jarman, director, Student Banking, RBC. “Understanding that a certificate, diploma or degree makes you more than 45 percent more likely to be employed shows that regardless of the route you take, post-secondary education really is one of the most important ways to secure your future.”

the college/ university experience

• Independence
• Develop great relationships with peers and proffessors
• Meet different people
• Networking with the alumni

Cons of post secondary education

• High Tuition
• Less Opportunities and delayed Innovation
• Stress

High tuition

• 'For more than a decade, students studying in Ontario and the Maritimes have had the highest average debt loads, averaging more than $28,000.' - The Canadian Federation of Students
• Brittany Verge, graduated in 2008 with $25,000 in student debt and 5 years later has only been able to pay off $2,000.

$500k Of Student Debt In 37 Seconds

Less opportunities and delayed innovation

• Less travelling
• Fewer business startups
• Less innovation

stress

• New place
• Workload
• Grades
• Student Loans
• Work
• Relationships

More than 30,000 students surveyed

Almost 90% , said that they felt overwhelmed

More than 50% said that they felt hopeless and 63% said they were lonely

9.5% of them said that they had seriously considered taking their own lives...

...and 1.3% had actually attempted suicide

Find out where and how to get help BEFORE you need it.

Joining the workforce and Apprenticing

Pros of joining the workforce or apprenticing

• Career and income begins early
• Become more independent and mature
• More innovation and business startups
• Networking

career and income begins early

• Instead of spending money you make money
• Based on data from the 2006 census, one in four millennials with a university degree are employed full-time in jobs that do not require that level of education --- you'll be ahead of all these individuals.

becoming more independent and mature

• You can pay your bills
• You're more aware of the real world
• You can start saving early on

•more innovation and business startups

• Know how the real world works so you'll be more confident starting a new business or promoting an idea
• You don't have any student loans keeping you from taking risks
• You'll be skilled and would be able to handle your own work

Michael Silva
- 24 years old
- Started Budget Parking Inc.
- His business earns him more than $100,000/yr
- The only diploma he ever got was his High School diploma

At first he wanted to become a paralegal, but then got side-tracked
This led him through jobs in programming, baking, and roofing until he settled down as a parking enforcement officer which got him on track for his new goal of becoming a police officer.
When he found Budget Parking Inc. he mixed his passions for law and policing.
"I brought both worlds into one," he said. "I'm a parking officer and deal with court issues and battles on a day-to-day basis. I've developed the same knowledge that the people who work in those jobs have, without school."

Networking

• You meet people from the industry that you're interested in working for.
• The people that you work with will know about work ethics and may decide to hire or refer you to someone.

cons of apprenticing or joining the workforce

• Some positions may require you to have a degree
• Can be overwhelming at first
• Low salary

Some jobs may require you to have a degree

• Some jobs related to medicine, law, journalism, research, teaching etc. require you to have a degree in the respective field.
• 'By 2018, 60 percent of all job openings will require at least some college education.'

Work can get overwhelming AT FIRST

• You have to meet the deadlines
• You'll be treated like an adult NOT a teen
• Everyone else will know what they're doing but you may have trouble understanding some concepts
• The transition from a student to an employee or an apprentice can be stressful.

Low salary over the years

• (Unless Self-Employed)

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So what should you choose?

DEAR GRADUATES...