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The Benefits of Higher Education

The Benefits of Higher Education. Dee Sandom Programme Delivery Manager Keele University. Benefits of HE. Increased earning potential Employment and career prospects Personal and social development Academic development Lifestyle. Increased Earning Potential.

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The Benefits of Higher Education

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  1. The Benefits of Higher Education Dee Sandom Programme Delivery Manager Keele University

  2. Benefits of HE • Increased earning potential • Employment and career prospects • Personal and social development • Academic development • Lifestyle

  3. Increased Earning Potential • Over a working life (with all costs taken into account), a graduate can expect to earn on average an additional £115,000/£160,000 than their A Level qualified equivalent. • A postgraduate qualification increases this earning potential by an additional £59,000. The more you learn, the more you earn!

  4. Employment and Career Prospects • HE graduates are more likely to be employed than those with the next highest level of qualification • They are more likely to return to work following periods of unemployment or economic inactivity and be unemployed for less time than a non-graduate • There are more career opportunities open to people with HE qualifications

  5. Employment and Career Prospects • Many careers are now all graduate, including medicine, dentistry and teaching • Many other careers are largely graduate orientated, (including legal careers, accountancy, and most managerial posts) • Careers in design, TV, social work, the Police and advertising are likely to be boosted by having a degree 40% of graduate jobs are open to graduates in any subject

  6. Employment and Career Prospects Employment rates • Graduates – 86% employed, 4.3% unemployed, 10.1% economically inactive • Non-graduates – 72.3% employed, 8.7% unemployed, 20.9% economically inactive Source: Labour Force Survey Dec 2011 Employment prospects • A 12.7% annual increase in graduate job opportunities was predicted for 2012 Source: Association of Graduate Recruiters

  7. Forecast Changes in Occupations to 2020 • Higher levels of skills and qualifications are associated with those occupations of largest forecast growth. • Demand is forecast to grow for higher level qualifications • Demand is forecast to fall dramatically for those with no qualifications – a decrease of 40%

  8. Employers expect qualifications • Less likely to reach a ‘bar’ in salary • Increased earning potential • Wider choice of jobs and careers

  9. Social and Personal Development • Independence • Social skills • Communication skills • Organisational skills / time management • Team working skills • Budgeting skills • Confidence

  10. Social and Personal Development • Students are likely to have more free time than at any other time in their life until retirement • Meet people from all over the world • Join clubs and societies • Study abroad • Cheap and varied social life • Part-time work • Volunteering

  11. Academic development • Enjoy studying • Subject knowledge • Creative thinking & analytical skills • Ability to question and problem solve • Research skills • Flexibility and ability to multi skill • Work-related learning/work placement

  12. Lifestyle • Health • Social mobility • Citizenship and values • Family

  13. And finally – they’ll have the time of their lives!

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