Finding employment and embarking on a career can be a real challenge in the ultra-competitive job market, with little separating various candidates applying for one position.
With a strong focus on career progression and salaries in today’s world, it begs the question – how much do education and qualifications impact salary?
This article aims to explore this correlation in more depth, drawing on recent data.
The Importance of Education
As mentioned previously, in today’s current job market, it is no secret that education and salary are closely linked, with higher levels of education often leading to a higher earning potential.
This provides valuable insight for young people when it comes to evaluating their educational path and career goals.
In a recent study conducted by HeyJobs in Europe, this correlation was backed up, with 1,048 responses all supporting the idea that the more qualifications or educational training an individual has, the more likely they are to earn a higher salary.
During this study, the following conclusions relating to different levels of education were drawn:
- People with a basic school leaving certificate employed full-time can earn an average monthly salary of up to €2,046.
- A graduate in training can earn up to €2,582 while still in school.
- Graduates with a Bachelor’s degree can take home an average of €3,306 every month.
- Master graduates exceed this, with an average of €3,656 monthly.
- Doctorates are able to earn €3,257 per month (please note, that this was based on a small sample size of 5 people).
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So, What Does This Mean?
In conclusion, the data from this particular study truly demonstrates the value of education in a professional context.
The results noted for those individuals with Master’s degrees deserve special attention as with a remarkable salary of €3,656 per month, it shows that consistent further training can also bring specific career opportunities.
These opportunities often come in the form of increased salaries in the skilled trades sector.
Again, this underlines the importance of lifelong learning and development and demonstrates that putting those extra years into education really does pay off.
This higher level of education equips individuals with specialised knowledge and expertise in their chosen field, consequently making them more valuable assets to potential employers.
Finally, higher education is also often associated with professional growth and career development as many industries require advanced qualifications or degrees for higher-level positions, which often come with higher salaries and benefits.
