Education

Education And Success Go Hand-In-Hand – Truth Or Exaggeration?

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Education And Success Go Hand-In-Hand

When you hear Bill Gates say, “Although I got out of college and got lucky pursuing a career in software…” you might wonder whether education is genuinely essential in building a successful career in life. Successful entrepreneurs like Mark Zuckerberg, David Karp and Pete Cashmore have all dropped out of university yet reached the epitome of success in their lives.

However, the National Center for Education Statistics highlights that 73% of young adults with a bachelor’s degree worked full-time in 2014. Comparing this to 65% of high school graduates working full-time, it is evident that those with higher qualifications find better opportunities in the work field.

Do You Need Higher Education To Succeed?

Looking at Daniel EK, who co-founded Spotify after leaving his engineering degree at the Royal Institute of Technology in Sweden, you might find yourself questioning the value of a college degree. But keep in mind such success stories are few and far between.

According to a Taylor & Francis Online study that surveyed 11,745 US individuals, almost 94% of politicians, judges, CEOs, and millionaires have completed college, with nearly 50% graduating from an elite school. Meanwhile, merely 6% of individuals attain success even after dropping out of college.

Furthermore, several studies conclude that better-educated people have a better opportunity to earn more as higher education imparts more vocational skills that are scarce in supply. This is because reports predict that the US will face a shortfall of 11 million skilled workers by 2025 as two-thirds of the total jobs in the US would require post-secondary education.

Thus, it’s no surprise that students are constantly vying to land admission in a reputable educational institution. 

5 Reasons Why Education Is The True Path To Success

Nowadays, there are many online services like math assignment help websites that allow students to score well in their assignments. The need to score high grades comes from the intense academic competition that pits students against each other.

However, this modern trend in education loses the true meaning behind the accumulation of knowledge. In this intense rat race to step on others to succeed at all costs, students forget the fundamental reason for obtaining a college degree.

Martin Luther King Jr. once said, “The function of education is to teach one to think intensively and to think critically. Intelligence plus character — that is the goal of true education.”  His words hold true as education engages students to think critically and develop specific skills indispensable to achieving success.

Hence, let’s dive into an exploration of the 5 reasons many consider education to be the only path to success.

  1. Education increases your earning opportunities

There is overwhelming evidence that having a college degree increases the opportunity for you to earn higher than high school graduates. According to the 2014 research by the Pew Research Center, millennials with a high school diploma make merely 62% of what a typical college graduate earns in a year.

For many students, the definition of success is determined by the amount that gets credited to their bank account. Look at the following statistics:

  • Average annual earnings of an individual with less than a high school diploma – $30,784
  • Average annual earnings of an individual with a high school diploma – $38,792
  • Average annual earnings of an individual with college education but no degree – $43,316
  • Average annual earnings of an individual with an associate degree – $46,124
  • Average annual earnings of an individual with a bachelor’s degree – $64,896
  • Average annual earnings of an individual with a master’s degree – $77,844
  • Average annual earnings of an individual with a professional degree – $96,772
  • Average annual earnings of an individual with a doctorate degree – $97,916

The vast disparity in earnings between someone who hasn’t completed high school and one with a doctorate degree is pretty stark. Therefore, if your measure of success depends upon the salary, your best option is to complete your graduation and opt for a professional course.

  1. Provides you with employable skills

College provides you with the perfect opportunity to learn employable skills like time-management, finance management and multitasking abilities. These skills can make you an indispensable part of the task force when you join any workplace. Some of the soft skills that you can pick up during college are:

  • Leadership skills
  • Work ethics
  • Adaptability
  • Communication skills
  • Interpersonal skills
  • Teamwork

These soft skills are vital ingredients that lie behind the success story of all entrepreneurs. As long as you hone these skills throughout your college years, you’ll be in a perfect position to reach greater heights.

  1. Gives you the confidence to tackle situations

Attaining higher levels of education increases your knowledge and provides you with the confidence to succeed in life. The road to success is never easy. In fact, it is wrought with pitfalls that will try to trip you up at every turn. However, when you have already experienced the rush of completing assignments at the last minute or staying up all night to ace a test the next day, you automatically gain the confidence to tackle all unexpected situations.

  1. Equips you with critical thinking abilities

Starting from high school, educational institutions encourage students to analyse texts and use reasoning skills to tackle various problems. This skill allows you to analyse situations and think rationally before making any decisions that affect the company and your co-workers.

Education broadens your mind and allows you to acquaint yourself with multiple viewpoints. Equipped with the ability to reason, you can avoid tricky situations and make your path to success stress-free.

  1. Makes achieving your dreams easier

Every person has dreams that they’d like to achieve. But unfortunately, if you don’t have proper educational qualifications, you’d have to take a roundabout route to reach your goals. For example, if you wish to earn more than $70,000 per year, it would be impossible to land a job that would offer you such handsome pay if you don’t have a minimum college graduation degree.

Don’t worry if you’re over 27 and haven’t completed your college degree yet. There is no upper age limit to obtaining knowledge. Furthermore, technological advancements make it easier to attend online courses without giving up your current job.

Summing it up,

It would be foolish to presume that education plays no role in the success stories of individuals. On the contrary, proper education allows you to broaden your horizon and see the world from a new perspective. It enables you to improve your critical thinking abilities and gain vital skills that contribute to achieving success. While every individual has their own definition of success, it is undeniable that education makes achieving your dreams a piece of cake.

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