Exploring the University or College myth and making decisions for yourself

Joined
Dec 7, 2011
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Calgary, Canada
Before I get to my point let me first mention a few details about myself: I am a 27 year old male, and in 2011 I graduated with a Bachelor of Commerce Degree from a highly rated University in Toronto, Ontario, Canada. Tuition was 6000$ CAD per year, and you could say that the overall out-of-pocket expense was about 10,000$ CAD per year to attend University. This cost does not include money that I gave up by attending class when instead I could have been working and making money somewhere else (this is referred to as an "opportunity cost"). In this respect, you could probably argue a cost to attend University at 25,000 CAD per year without even living on campus. Fortunately, I had a large portion of my costs covered through my father's job so I got out with my Degree in my early 20's and owed almost nothing. A lot of people who graduate from University or College can be 20, 30, 40, 50 000 $ in debt easily and even more if they lived on campus or pursue a higher level degree. This will take a person earning an average income a decade or more to pay off if they even manage to find work.

After graduating I initially did not find much work in my field. I did find a few jobs, like managing stores (which usually paid me anywhere from 15-18 per hour) and the highest one I found paid me 25$/hour, or roughly 50,000$ CAD a year and it only worked out for a month or two (lol by the way that company is now bankrupt and out of business). But the reality is that these jobs were unskilled and you shouldn't need a Degree to work at a job opening and fcuking closing a store.

Quite frankly, my impression is that my Degree did not benefit me very much. I also think this is true of the majority of graduates who graduated from my program (and the majority of graduates who graduate from school as a whole). Universities deliberately mislead young people by posting inflated statistics with regard to graduate employments. Every single university in Canada will advertise above a 80% employment rate for graduates but what these tables don't tell you is that a lot of this employment is entirely unrelated to the subject studied, low-paying, and many graduates do not even bother to respond to these surveys upon which these results are based. The truth is probably closer to something like 15% of graduates find well paying, related work to what they studied. Universities aren't going to be honest about this fact because then students would be reluctant to attend, but that is the truth. Universities are first and foremost a business, and like any business they are selling you something, that is the idea that "it is worth it to go to University or College".

There are some fields (Doctor, Lawyer, Engineer) where having a University Degree still makes practical sense but the majority of degrees that are out there today are entirely fcuking useless. As a kid, growing up, I can remember teachers, and society at large advising kids to go to school, but the truth is that advice is no longer good advice to be giving to young people. Maybe in the 1970's or 80's going to this kind of school made sense and would help you land some sort of good employment but I think for many people today going to University or College is not a practical decision that will benefit them.

I am doing very well financially and in my life today and it's because I became involved in the skilled trades shortly after finishing school. Probably one of the best decisions I've ever made in my life because I am infinitely more employable now than I was before and I also have skills that I can literally sell with my hands anywhere I live that not a lot of other people can do, so I can charge a premium for my labour. Some of the tradesmen I've worked with can make 1200$ a day (not all, and not saying its an average, but the money is there if you're good and willing to work hard). This kind of money in the trades is better than most careers offered through University or College. Down the line owning your own business in the trades is also a very lucrative proposition. I have friends that have done extremely well financially doing this (much better than anyone I know who I went to school with).

My story above also illustrates the importance of making your own decisions in life and not following what others, family, or society at large seem to think is "normal", or "the right thing". This is also true in a variety of other topics - ie, having a wife, having a normal 9-5 job, having kids, etc. It is refreshing to know that I have control over my life and I am responsible for all of my decisions (and ultimately, my own satisfaction).

Comments/Thoughts/Opinions... did any other guys graduate from University or College and how was your experience? Do you agree that post secondary education is becoming more useless in modern times?
 

Colonel_Reb

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BS Specialist, trades are good to know, always have been, always will be. Nothing has changed in that regard. Has post secondary education become more useless? It depends on what you get a degree in. At any rate, you just think you're in control, and satisfied. One day you'll grow up, become a man, and realize you aren't. The sad thing is that it may be too late for you. Time will tell.
 
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