Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • MSE Karl
    • By MSE Karl 18th Sep 18, 4:49 PM
    • 137Posts
    • 43Thanks
    MSE Karl
    MSE Poll: Is a degree earnings-enhancing and life-enhancing?
    • #1
    • 18th Sep 18, 4:49 PM
    MSE Poll: Is a degree earnings-enhancing and life-enhancing? 18th Sep 18 at 4:49 PM
    Poll started 18 September 2018
    The debate about the cost and value of university rumbles on, so we want to test your 'big picture' view. Imagine you were telling a bright 18-year-old about whether they should go or not.

    In general, is getting a degree earnings-enhancing and life-enhancing?

    Did you vote? Are you surprised at the results so far? Have your say below. To see the results from last time, click here.

    If you haven't already, join the forum to reply.

    Thanks!


    This Forum tip was included in MoneySavingExpert.com's weekly email!
Page 1
    • Super Consumer
    • By Super Consumer 19th Sep 18, 8:05 AM
    • 45 Posts
    • 32 Thanks
    Super Consumer
    • #2
    • 19th Sep 18, 8:05 AM
    Surely it depends on the Degree?
    • #2
    • 19th Sep 18, 8:05 AM
    Why no option for this? Our Daughter trained as a Chemical Engineer and her degree has made a huge difference she's quids in, my son on the other hand works in IT and those who went into the industry from school are much better off.
    • NaughtiusMaximus
    • By NaughtiusMaximus 19th Sep 18, 9:44 AM
    • 2,076 Posts
    • 5,179 Thanks
    NaughtiusMaximus
    • #3
    • 19th Sep 18, 9:44 AM
    • #3
    • 19th Sep 18, 9:44 AM
    Why no option for this? Our Daughter trained as a Chemical Engineer and her degree has made a huge difference she's quids in, my son on the other hand works in IT and those who went into the industry from school are much better off.
    Originally posted by Super Consumer
    Exactly.

    Unless you want to pursue a career where a degree is either an essential requirement or a massive advantage (as Engineering would be), or have family wealthy enough to eliminate the requirement to take out student loans, I honestly don't think going to University makes financial sense anymore.

    In my case I think it was worthwhile for me, but I went in the mid 90s when there were no tuition fees and still a partial maintenance grant topped up with student loans. In total I think I took out around 3k of students loans but the minimum income threshold for repayment of these was far more generous than the later student loan system.
    Last edited by NaughtiusMaximus; 19-09-2018 at 9:56 AM.
    • happyinflorida
    • By happyinflorida 19th Sep 18, 11:20 AM
    • 779 Posts
    • 668 Thanks
    happyinflorida
    • #4
    • 19th Sep 18, 11:20 AM
    • #4
    • 19th Sep 18, 11:20 AM
    I studied sociology - left early as I couldn't stand it or the people and found the fact I'd been on it such a hindrance when applying or going for interviews that I left it off my CV. People kept telling me I was "too clever" to work for them?!! Absolute rubbish, I just wanted a job that seemed up my street and paid money for me to live on.
    • PasturesNew
    • By PasturesNew 19th Sep 18, 11:24 AM
    • 67,082 Posts
    • 393,332 Thanks
    PasturesNew
    • #5
    • 19th Sep 18, 11:24 AM
    • #5
    • 19th Sep 18, 11:24 AM
    It also depends where you plan to base your life when you've got the degree... there's no point having a degree in marine biology with a focus on hot water species if you intend to return home, to a farm half way up a mountain in the middle of the country .... and marry your childhood sweetheart.
    • Gavin83
    • By Gavin83 19th Sep 18, 11:37 AM
    • 6,166 Posts
    • 10,595 Thanks
    Gavin83
    • #6
    • 19th Sep 18, 11:37 AM
    • #6
    • 19th Sep 18, 11:37 AM
    As others have said it depends on what career you want. If you want to be a doctor then a degree is important, if you want to work on the shop floor in Tesco not so much. I work in IT and even in this industry I'd argue that it's probably better to not obtain a degree these days. It's become too expensive to be an option for all but a handful of career paths.
    • donny jim
    • By donny jim 20th Sep 18, 7:47 AM
    • 61 Posts
    • 19 Thanks
    donny jim
    • #7
    • 20th Sep 18, 7:47 AM
    Degree vote
    • #7
    • 20th Sep 18, 7:47 AM
    There should be more options as it can depend on what course you take. No I didn't go to uni, but there were more jobs and more opportunities in the 60/70s than there are now, so good education is much more important today. But an apprenticeship could be just as good as uni. I think more companies should hire from schools and pay the uni costs. Even the best degree is no good if there is no job at the end of it.
    • kags
    • By kags 20th Sep 18, 1:15 PM
    • 6 Posts
    • 3 Thanks
    kags
    • #8
    • 20th Sep 18, 1:15 PM
    The answer: it depends
    • #8
    • 20th Sep 18, 1:15 PM
    As others have said, it depends on the degree subject, and whether you’re going to work in that field. These days, with such a large proportion of young people going to university, I don’t think there is the same general “graduate premium”. When I went in the late 70s, and only about 10% went to university (and another % to polytechnics), employers would expect graduates to be articulate, have certain standards of literacy and numeracy, be able to work independently, to research, evaluate, summarise and apply knowledge. While this must still apply to the best degrees, others (e.g. hairdressing - which I’ve seen in the Clearing listings) probably less so. My advice to young people would probably be vocational on the job training, unless you want to go into an absolutely degree entry subject. It’s also easier and less unusual now to do a degree later in life - maybe once you really know what you’re interested in.
    • supersaver1000
    • By supersaver1000 23rd Sep 18, 10:15 PM
    • 2,169 Posts
    • 13,508 Thanks
    supersaver1000
    • #9
    • 23rd Sep 18, 10:15 PM
    • #9
    • 23rd Sep 18, 10:15 PM
    I didn't take A levels or do a degree back in the 80s when I left school - it wasn't something that was an option at the time - no-one in my family ever mentioned uni and I think few at my school went. It just wasn't on my radar - I don't think I even knew what Uni was.

    Much later in life I looked at online degree courses but didn't really want to do another 3 years of study, which could be 6 - 9 years with the OU part-time and the cost was huge - I just couldn't see there would be payback. Eventually I came across a top-up degree which cost less than £3,000 at the time.

    I would say that as well as the subject knowledge, doing a degree gave me skills to learn, which has broadened my life and opportunities. Its the best £3k I ever spent So, my vote would be for - Yes, it does add interest and value, but ydon't rush into a degree, work first if you aren't sure. These days there is no rush, you can have two or three careers and you can study anywhere, anytime.
    Last edited by supersaver1000; 26-09-2018 at 8:43 PM. Reason: shortening

    Completely Debt-free by April 2019 Jan 2019
    Flylady & Grocery Challenge Lurker
    Millionaire, Fashionista and Career Woman wannabe
    • SofaChillReview
    • By SofaChillReview 26th Sep 18, 10:40 AM
    • 23 Posts
    • 8 Thanks
    SofaChillReview
    I mean it really depends what your degree is in really. For example of a lot of jobs now need degrees that didn’t always need them (law springs to mind), problem is schools are trying to push people into school more now and the last ten years and students just follow because of advice and friends.
    Media Studies, Criminology, Psychology are all degrees people have taken and got nowhere with for example, if you were doing egineering, medicine etc then it’s different really
    • peter_the_piper
    • By peter_the_piper 4th Oct 18, 1:58 PM
    • 27,248 Posts
    • 37,910 Thanks
    peter_the_piper
    I'm afraid that university was not available for most of us when we left school, 1961, the most we could aspire to was a technical college or go to work.
    I'd rather be an Optimist and be proved wrong than a Pessimist and be proved right.
    • Staffybullterrier
    • By Staffybullterrier 7th Oct 18, 4:21 PM
    • 11 Posts
    • 10 Thanks
    Staffybullterrier
    I agree with most of the previous posts
    When I left school 43 years ago a small minority went to college never mind university then bit by bit people kept dreaming up different courses for students to enrol on , many of them of little use in the real world, and now they have found that these qualifications are of no use whatsoever and they are 1000`s of £s in debt.
    I remember going to one of my daughters open nights at her high school and having a strong difference of opinion with a guy from Britannia Building society . He got quite upperty when I asked him what kind of maths qualifications he had and he said that he had none . He had a history of art degree ??????. Britannia went bump soon after maybe because no one who worked for them knew anything about maths so I rest my case.
    Go to uni if you are 100% sure that you have got the what it takes to pass your course otherwise get a job and get paid while you train .
    Finally don`t ask me to subsidise your lifestyle . If you think that you have got what it takes to get a good job and earn good money good luck to you but for every 1 that gets a good job many more end up with a mundane job because they shouldn`t have gone to uni in the first place .In other words I agree with student loans
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

62Posts Today

1,824Users online

Martin's Twitter