The Value of One more Year of Study

2017-02-07 09:33

Finish your Matric - You Will Earn Twice as Much

Struggling to study? Feel like giving up? Don't. People who achieve a matric certificate now earns nearly double that of people who do not finish matric.

One more year of study after matric, and you can earn nearly double what a person with matric will earn. Get your degree and you can expect to earn 12 time the salary of someone with no education. A degree means you will earn 4 times the income of someone with matric.

Study One More Year

Half the kids who start school will not get a Matric

Half the kids who start school will not complete their matric. And the biggest fall-out is in the last three years of school. The tragedy is that the difference in income potential is nearly double. Meaning that the person who completes matric can look forward to earning twice as much as the person who do not have matric.

Less than 5% of kids who start school will get a Degree

Of the kids who started school 12 years ago, less than 5% will have a degree 3 years after matric. Everyone is chasing that degree. A degree means you are nearly guaranteed a job, and a good income.

The impact of Unemployment

If you don't have matric, you are facing unemployment of 29,5%. With a matric certificate you chances of unemployment drops to 27,1%. If you have a degree, you face unemployment of only 6,6%. So a degree is very close to a guaranteed ticked to a job. And since graduates earn four times the salary of someone with matric, it is easy to see why everyone is chasing that degree.

When we look at unemployment for people under 35, the picture is much worse. For people between 18 and 29, unemployment is standing at 58%.

There is hope

There are many courses you can study if you don't have matric. We have both government colleges and private colleges, that offers training for people who never completed matric. This kind of career-related training is valued and recognised in the workplace. And many of these courses will get you a job faster than a degree.

Courses you can Study without Matric

Here is my article about 16 courses you can study without matric. I work for Skills Academy and we offer the Institute of Certified Bookkeepers courses - so I always recommend that as a good point to start your research for a course to study.

Colleges where you can Study Without Matric

Here is my list of home study colleges where you can study without matric. When looking for a college to study, make sure you do your research. Look online for different colleges, and then compare them to decide which one is best for you. Investigate their reputation by finding them on Facebook, or searching their name online and adding words like "complaint" or "accreditation".

 Update: See this article about what you can study without matric.

About the Author:

Jan Badenhorst works as the CEO of Skills Academy. Skills Academy offers Home Study Courses to people who never completed Matric, or who cannot get entry into Universities.

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