Remember hearing your parents tell you to “stay in school” while you were growing up? Maybe you’ve repeated those same words to your own child. Well, turns out that’s wise counsel. More and more employers are looking for those with post-secondary education. And there are also all kinds of other reasons to pursue higher learning besides boosting your job prospects and salary.
Post-secondary education provides the skills beyond a career field.
Today’s job market is more competitive than ever, with new graduates having to compete with millions of baby boomers who will remain in the marketplace over the next five to ten years. The more educated candidates will have an advantage when it comes to securing jobs. What is interesting though, is that a wide variety of jobs don’t require your higher education to be in your chosen career field – employers just want you to have the skills you acquired while pursuing your degree or certificate.
Higher education makes graduates marketable for jobs that don’t even exist yet.
With science and technology advancing at breakneck speed, it is likely that future careers will be ones we’ve never even heard of. The good news is that with post-secondary education, graduates will be prepared for them because they will know how to think critically, break down complex ideas into digestible and actionable bits and communicate ideas. So many possibilities on what to pursue? Check out Macleans’ list of some of the future’s most promising careers.
Post-secondary graduates enjoy more job security.
While the effects of the pandemic were experienced in almost every business sector, one thing remained constant across the board: The Bank of Canada found that the jobs that were less affected were those that required higher education. Conversely, jobs requiring less education were the hardest hit.
More education tends to lead to better job benefits.
As companies find it harder to attract top talent, they must get more competitive in what they offer. Sought-after candidates are being courted with higher pay, more robust healthcare benefits, and even more vacation time. Other perks can include car allowances, RRSP matching programs, pension plans, and even stock options.
Post-secondary education helps breed invaluable networking opportunities.
Networking has become more important than ever, with most people landing jobs through connections and recommendations. The networks formed while studying with like-minded people can lead to both a career and the professional resources needed to help one succeed in that role.
While these reasons create a solid case for pursuing post-secondary education, the estimated $71,000 tuition cost by 2039 for a 4-year program in Canada can make education seem unattainable. A good Registered Education Savings Plan (RESP) can help make higher education a reality, so if you have one in place, smart decision! If you don’t have an RESP open yet, talk to us. By starting early and allowing your savings to compound over time, you can help set your child up to enjoy all the benefits that come with post-secondary education.
Canadian Scholarship Trust Plans are sold by prospectus only.