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What is the better position, age 25, savings vs degree
Legacy_user
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What is the better position to be in.
A. £250k saved, no debt, no job or degree.
B. £0 saved, have a degree, earning £25k per year.
A. £250k saved, no debt, no job or degree.
B. £0 saved, have a degree, earning £25k per year.
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Comments
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Who cares!0
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berbastrike wrote: »What is the better position to be in.
A. £250k saved, no debt, no job or degree.
B. £0 saved, have a degree, earning £25k per year.
How old?
Able to get 25k job without a degree isn't that difficult!0 -
A degree in what? A vocational degree may be more financially sensible than a non-vocational one in these times, but earning potential is generally greater regardless. Hopefully once apprenticeships are more established this will be less of an issue.
There is nothing to stop you from getting a degree at any age, but this will divide opinion. 250K won't keep you going for life so hopefully someone has a job with good potential or means of getting one.Current debt: M&S £0(£2K) , Tesco £0 (£1.5K), Car loan 6K (paid off!) Barclaycard £1.5K (interest free for 18 months)0 -
Assuming they're the same age: A, obviously.
A could buy a home then fund a degree.. so after 3 years would be in the same position as B.. but have a home.0 -
Trick question as some degrees are a passport to an exciting and rewarding career whereas others a waste of time and money.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Able to get 25k job without a degree isn't that difficult!
Without either a degree or extensive work experience?I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
berbastrike wrote: »What is the better position to be in.
A. £250k saved, no debt, no job or degree.
B. £0 saved, have a degree, earning £25k per year.
depends how they got that £250k, person A could either be a layabout that inherited 250k or someone that has started a company and sold it for 250k....
I do think a lot of degrees are a waste of time.0 -
I've got significantly less money than that but opted to do a masters degree. So far I think it's going to be worth it, but if you ask me a in year I'll tell you
“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0 -
I've always thought that a masters is a good compromise, particularly if used to broaden experience into "adjacent" skills.
My experience of PhDs is rather mixed and TBH some of the brightest bunnies we meet are our placement students! We get most of these back after graduation, and they keep on delivering, but seeing people of under twenty with seriously impressive skills, knowledge and drive never gets old.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
Yeah it's in a business-based subject and it's a good school. They're very focused on employability, so far so good. Compliments all my other skills and experience.
I'm doing a professional qualification alongside it too. So it's well worth it.
OP, I did history the first time round and I enjoyed it, but I'd say if you are doing something less vocational you have to be very focused on employability and 'soft skills' throughout your degree. Graduation and the need to get a job does creep up on you and if you're not focused on what you want to do and working towards it you will struggle. Obviously we don't know what the job market is going to be like in 3/4 years.
I think doing a degree is going to be worth it if it's a strong subject from a good university. Especially in this day and age.
A degree doesn't necessarily make you stand out, but not having one could hold you back, depending on your profession.“I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse0
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