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The Article here
University degrees translate into big money
Last Updated Tue, 11 Mar 2003 11:21:10

OTTAWA - Canadians with university degrees make more money than people without them � a lot more, according to Statistics Canada.

A report released on Tuesday shows the average university-educated Canadian made $25,545 more in 2000 than did the average Canadian with only a high school diploma.

Based on information in the 2001 Census, Education in Canada: Raising the standard shows average full-time earnings for Canadians in 2000 as follows:

University-educated � $61,823
College-educated � $41,825
High school only � $36,278
Overall average � $43,231.
More than 60 per cent of Canadians who earned more than $100,000 in 2000 had a university degree. Almost 60 per cent of those who earned less than $20,000 never went beyond high school.
[B]RELATED STORY: Students coping poorly with high debt load: study

Nearly 447,000 Canadians � 84 per cent of them men � earned more than $100,000 in 2000, while 17.3 per cent of all full-time workers made less than $20,000.

More Canadians than ever, 53.4 per cent, are continuing their schooling beyond high school. In 2001, 22.6 per cent of Canadians had a university degree.

Half the university graduating class of 2001 were women, the first time that has happened.

Women continue to earn less than men, although the gap is closing. In 2001, women earned 64 cents for every dollar earned by a man, an improvement on the 52 cents earned in 1980.

Young people didn't see immediate benefits of higher education in the 1990s. The earning power of people between 25 and 29 declined over the decade, by 4.7 per cent for men, and 7 per cent for women.

Immigrants have likewise lost earning power. In 1980, an immigrant man who had been in the country for 10 years made about the same as a Canadian-born man. In 2000, a man who immigrated a decade ago would on average earn 79.8 per cent of the Canadian-born man's wages.



Written by CBC News Online staff

Me fail english? That's unpossible

yay!!!

Re: Go to school

quote:

Originally posted by Tudo Beleza University-educated � $61,823 College-educated � $41,825 High school only � $36,278 Overall average � $43,231. More than 60 per cent of Canadians who earned more than $100,000 in 2000 had a university degree.

Interesting study....

What would be more interesting (to me at least) is one of people who started their own business and their income in relation to their education.

My opinion is: If you ever want to make serious cashish do one (or both) of two things:

1) Get an MBA (at a cost of $100k at a good biz school [if it's not a good biz school, then you might be left out of the cashish])

2) Start your own company.

Just my $0.02 (or $0.013 US$).

Although option #1 will give you $100k+ by age 30, option #2 (if you work hard and the dice roll 7 or 11) will give you much more freedom.

Option #1 usually means you'll be tied down to your job - a slave to the money. If option #2 works out (and only 1/10 do - but keep trying!!!!) you won't be a slave, love what you do, answer to nobody, and make a whack of money to boot....

high school educated making 36?
u gota be kidding me

quote:

Originally posted by AAzn_ScratcH high school educated making 36? u gota be kidding me

Ever heard of construction jobs... they pay good, and you don't need that much education anyway.

And I couldn't agree more with the rabbitjoker. Small business is the way to go... you can make as much as you want (well, as much as you try and put into it), and you're free to do what you want (well, to a certain extent). But at least you don't have to depend on some idiot waving your paycheque in front of you every week or two, and being all happy about it too...

This is better be true, 'coz here I am busting my ass off to get into a Univercity, and this whole double cohort is screwing me over. I'm getting my MBA digree and become a boss of a CLUB. I'll learn my turntables, and become a Dj at that very club. I'll manage the paperwork and boSSing on weekdays, spin tunes on weekends(2-3hour/day), what else can I possible dream of?

Re: Re: Go to school

quote:

Originally posted by rabbitjoker Option #1 usually means you'll be tied down to your job - a slave to the money. If option #2 works out (and only 1/10 do - but keep trying!!!!) you won't be a slave, love what you do, answer to nobody, and make a whack of money to boot....

I'd rather be a slave to money than my wife. That way, there is a chance I can escape the wife. Option #2 dosn't save you, still have to answer to her. Wheeee...I also like to be spanked!

Re: Re: Go to school

quote:

Originally posted by rabbitjoker Interesting study.... What would be more interesting (to me at least) is one of people who started their own business and their income in relation to their education.

I believe that is included in the survey, under persons with high-school diploma.

Another thing, what people don't realize that most company owners, or persons with high power are mostly Univ graduates. Not some Joe that decided to start his own business.

If you decide to start your own company with no eduaction, the only that will help you is luck.

quote:

Originally posted by AAzn_ScratcH high school educated making 36? u gota be kidding me

I think that�s taking in average..
and if that�s happening I could almost agree

cuz look at the entrepreneur's out in province a lot of them that have kids usually have them take over the business and they don�t need collage or univ cuz they already know what they are doing

another reason is.. some business are Computer based.. web page design advertising, graphics.. I know a dude whose making 1.5 mill and he just got out of high school on cuz of pure dumb luck..

and if u take all those salaries and average them out it sorta comes out to being that much of a number..

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