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University
Advantages:
1. Career Preparation
Some people know exactly what they want to do once they enter the workforce, and
some people may need a tertiary education to get to where they need to be. A
university degree remains a mandatory prerequisite for many careers. Even if you
aren’t sure what you want to do after graduation, it is still worthwhile to go to
university. Higher education will help narrow your interests and refine your skill sets,
thus allowing you to zoom in on fields in which you are most adept.
Some have skills they haven’t yet discovered or haven’t had the opportunity to
develop. Education stretches the mind, exposes students to new topics and pushes
them to improve. As a result, students may discover skills they didn’t even know they
possessed.
It’s a well-known fact that degree holders have access to more jobs. The
unemployment rate is cut in half for graduates of bachelor’s programmes or higher.
2. Income Advantages
Getting a university education will improve your earning potential. When you look at
income research, the evidence is clear that university graduates earn more than their
counterparts without a degree.
A 2022 study has shown that in Singapore, those with a degree or post-graduate
degree can earn a median monthly salary of $4,200, more than double as compared to
those with a secondary and lower education. This median monthly salary is also 62%
per cent higher than the $2,600 median monthly salary for those with diploma or A-
Level qualitifications1.
3. Personal Development
Students will experience personal development while in university. Things such as
critical thinking skills, time management, perseverance, communication, and
presentation skills are all great assets not only for future work but for personal life as
well. University graduates get further in life, not just because of the degree they’ve
earned, but the experiences they’ve gone through.
Students are required to go through many types of assignments, discussions, courses,
and more during their time in education. Therefore, they end up with a wonderful skill
set that is enabling.
A personal benefit to getting an education is the opportunity to grow as an individual,
experiment with what you are passionate about, and finding yourself. You will be
exposed to a diverse set of people and ideas which expand your mind.
Students are given increasing amounts of responsibility with each year of education
they complete. It is the student’s job to manage their time and create their own
success, leading to self-discipline abilities for those who succeed.
In addition, from extracurriculars, students learn arts, sports, and more that help them
personally in life and to connect with others
Disadvantages:
1. ‘worthless’ degrees
According to data published in 2019 by the Office for National Statistics, almost a
third of graduates were overqualified for their job.
“Our findings show that people who studied arts, biology and humanities are the most
likely to be overeducated,” said Dr Maja Savic, an ONS economist.
Nearly three out of 10 graduates do not progress into highly skilled jobs or further
study 15 months after graduating, according to the regulator, the Office for Students
(OfS).
Under new government plants, universities could be restricted in recruiting students to
courses that “do not have good outcomes”. This includes courses with high drop-out
rates, or a low proportion of graduates ending up in professional jobs.
2.Opportunity Cost of Time Spent Not Working
When you attend college, your available hours to work are reduced by classes and
studying. You may spend up to two years in a classroom for an associate degree, or
lose four years to obtain a bachelor’s degree. You’ll also lose out on income you
could have been earning.
3.Underemployed College Graduates
Underemployment refers to recent college graduates (ages 22 to 27) with a bachelor’s
degree or higher who are working in a job that doesn’t require a bachelor’s degree. In
February 2022, about 41.4% of recent U.S. college graduates were underemployed in
the United States.
