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Investing In Yourself
The Human Capital
What is the Human Capital?
It’s a measure of the economic value of an employee skill set.
Education !
Experience !
Abilities
Why Get a
Degree?
Why get a degree?
• Employment Advantage
• Health Advantage
• Other Advantages
EMPLOYMENT ADVANTAGE
Bachelor’s Degree
Associate’s Degree
Some College
High School Diploma
Less Than High School Diploma
$0 $295 $590 $885 $1,180
471
652
$727
785
1066
Learn More Earn More
source: Bureau of Labor Statistics, 2014
Weekly Earning by Educational Attainment
source: Texas Guaranteed Student Loan Corporation, 2013
Here’s another look!
Bachelor’s Degree
Associate’s Degree
Some College
High School Diploma
Less Than High School Diploma
0% 12%
12%
8%
8%
6%
5%
More Education = Less Unemployment
source: Bureau of Labor Statistics, 2013
Unemployment Based on Educational Attainment
those with a 4 year degree, on average, have a less rate of
unemployment
0%
20%
40%
60%
80%
100%
1973 1992 2007 2018
10%11%10%7%
23%21%19%9%
12%10%8%
12%
17%17%
19%
28%30%
34%
40%
10%11%10%
32%
HS DropoutHS DiplomaSome CollegeAssociate’s DegreeBachelor’s DegreeMaster’s Degree or Better
62% of the workforce will have
some type of college education
More than half of the
workforce with college degrees will have a Bachelor’s or
higher
Percentage of Workforce by Education Level
Future Opportunities Will Require More Education
Source: Georgetown University, Center on Education and the Workforce.
HEALTH
ADVANTAGE
“In 2007–2010, obesity among boys and girls 2–19 years of age decreased with increasing education of the head of household.”
-CDC, 2012
Bachelor’s Degree
Associate’s Degree*
HS Diploma*
Less than HS diploma
0% 8% 15% 23% 30%
24%
18%
16%
11%
22%
20%
14%
7%Girls Boys
Percentage of Obese Boys and Girls Based on Parents’ Education Level
*estimated valuessource: Center for Disease Control and Prevention, 2012
Childhood Obesity and Education
No HS Diploma
HS Diploma
Some College
Bachelor’s Degree
50 55 60 65 70 75 80 85 90
85
83
82
77
81
77
76
72
Boys GirlsLife expectancy at age 25, by sex and education level: United States, 2006
Life Expectancy and Education Research shows those with a Bachelor Degree tend to live
longer than those without.
source: Center for Disease Control and Prevention, 2012
The Center for Disease Control and Prevention says that adults without a high school education are four times as likely to LACK health insurance compared to
those with a Bachelor’s degree
OTHER
ADVANTAGES
PERSONAL DEVELOPMENT
• Of completing school;
• By being the first one to complete school
• Setting an example for your family
• Being able to give a better representation for your race.
Pride
PERSONAL DEVELOPMENT
•College provides people more of an opportunity to fulfilled in many aspects of their lives.
•9 percent of college students study abroad. (travel)
•About 10% of people marry their college sweetheart, and have with stronger marriages
•Five out of the 10 happiest states in the nation are also in the top 10 for educational attainment, and boast the highest percentages of population with a bachelor’s degree or higher.
•The Center for Information and Research on Civic Learning & Engagement asserts that higher levels of education translate into more civic engagement, civic engagement also promotes educational attainment.
Happiness
PERSONAL DEVELOPMENT
Source of IncomeMany people use college as a source of income, especially returning service members. • G.I Bill • Financial Aid • Tuition Waivers • Study-Work Program
Better Society
Higher education contributes to an overall better society. ▪ More income tax generated for the state
and federal government. ▪ People are more involved in voluntary
organizations and give more to charity. ▪ Incarceration rate of adults with some
college education is ¼ of that with only a high school degree. It costs about $26,000 a year to maintain a prisoner.
▪ Government spends $800-2700 less a year on social programs for individual 30 year old college grads than high school grads.
Business because…
• everything includes business
• Better possibilities/open doors
• Foundation of every industry
• Profitable
• Everyone consumes
• Variety of majors
Business is/has
• Variety
• Demand
• Transferable skills
• Dynamic
Business Majors include
• Accounting
• Finance
• Human resources
• Sales
• Administration
• Marketing
• Healthcare management
• IT Management
• International business
• Public relations
• Real-estate
MONEY ADVANTAGE
Category 2013 Average Salary 2012 Average Salary Percent Change
Business $54,234 $50,633 7.1%Communications $43,145 $41,550 3.8%
Computer Science $59,977 $57,529 4.3%Education $40,480 $38,524 5.1%
Engineering $62,535 $60,151 4%Health Sciences $49,713 $45,442 9.4%Social Science $37,058 $36,371 1.9%
Math & Sciences $42,724 $41,430 3.1%Overall $44,928 $42,666 5.3%
Average Salaries by Discipline
*Source: April 2013 Salary Survey, National Association of Colleges and Employers
BUSINESS
IS IN DEMAND
BusinessComputer and IT
EngineeringHealth Professions
Eginerring TechnologiesMath & StatisticsCommunications
EducationScience Technologies
Liberal Arts and Humanities
0% 9% 18% 26% 35%
In a nationwide online survey of more than 2,000 employers, CareerBuilder and Harris Interactive© asked companies which college majors were most in demand at their firms.
Source: Grasz, 2013
The Top In Demand College Majors
BusinessAdvertising
Computer SoftwareAccounting & FInance
HospitalityAutmotive
Sales & MarketignTraining
Non-ProfitRetail
Healthcare0% 15% 30% 45% 60%
Industries with the largest year-over-year growth for entry-level jobs (with at least 1,000 active jobs in March)
Source: Grasz, 2013
Top Industries Hiring Recent College Grads
SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Fall 2000, Fall 2005, and Fall 2010, Completions component.
Bachelor’s degrees conferred by degree-granting institutions in selected fields of study: 1999–2000, 2004–05, and 2009–10
(National Center for Education Statistics, 2012)
LOWEST
UNEMPLOYMENT RATE
Source: Grasz, 2013
Top Occupation for Recent College Grads1 Registered Nurse
2 Sales Representative
3 Account
4 Customer Service Representative
5 Industrial Engineer
6 Retail Salesperson
7 Medical and Health Services Manager
8 Physical Therapist
9 Occupational Therapist
10 Computer Support Specialist
Entry-level occupations with the most job listings (with at least 3,500 active jobs in March)
*
*
California Employment by Industry Percent Change from 2012 to 2013
*Business management related field. Do not forget, every industry has someone in business (i.e. human
resources, accounting, management, finance and sales)
Business is in EVERY industry
No matter if you are in healthcare, technology, education, or basket
weaving, business present in EVERY industry in the form of: finance, human resources, management, marketing, and sales to
name a few.
Human Resources
Management
Accounting
Finance
Marketing
Sales
OTHER REASONS
YOU are a Business
To often people misdefine the word “business”
Business is an activity that someone is engaged in
Therefore the study of business is the study of activity.
The concepts you will learn not only apply to organizations but also to your personal life.
Business Skills that translate to your personal life
Networking
Finance
Leadership
People Skills
Communications
Conceptual Thinking
A Business Degree Gives Upward Mobility
0%
20%
40%
60%
80%
100%
2007 2018
10%11%
23%21%
12%10%
17%17%
28%30%
10%11%
HS DropoutHS DiplomaSome CollegeAssociate’s DegreeBachelor’s DegreeMaster’s Degree or Better
Source: Carnevale, Smith & Strohl, 2013
Advancement opportunities in the
future are being paved by a business degree.
Fact: More and more
employers are raising their educational
requirements
Skills Learned in School For Life
Is school important?• According to TheFreeDictionary.com the definition of the verb "to school"
is to train or discipline; to educate in or as if in an institution of learning. And from DictionaryReference.com, learning is defined as the act or process of acquiring knowledge or skill.
The importance of school is to better prepare oneself for better opportunities the world has to offer.
Skills Learned in school: • Skills that are acquired in school are to better prepare a
person to be adaptable to the business field.
• These skills can be transferable to personal life scenarios and aspects.
Is Accounting Important?Accounting in the real world
• Accounting is used in all types of businesses.
• Keeps track of personal wages for payments like
• Mortgages & car payments as well as day to day expenses that accumulate.
• From buying inventory for your business or buying a new jersey for the game are all part of accounting
• Helps protect people from improper spending.
• An individual using accounting general knowledge will most likely be debt free.
Advantages of AccountingAccounting in the The knowledge of accounting
as well as the handling of debits and credits world
• Will help balance personal expenses.
• Will make you stronger candidate for an employer
• Gives a person the ability to keep track of funds going into the business vs. the money going out of the business
• Gives more value to an individual working for an employer.
• Number speak for themselves.
Is Finance Important?• Finance is a field closely related to
accounting that deals with the allocation of assets and liabilities.
• Finance also applies the theories of economics.
• Finance can be defined as the science of money management.
• Finance is the time value of money.
• FINANCE BRONKEN INTO 3 SUB-CATEGORIES:
• PUBLIC FINANCE
• CORPORATE FINANCE
• PERSONAL FINANCE
• **FINANCING discloses the planned borrowings and re-payments, including how interest operate in that particular year.
• Avoid unforeseen personal events, as well as events in the wider economy.
• Transference of family across generations (inheritance)
• General knowledge of the effects of tax policies, subsidies and/or penalties
• Effects of credit in individual financial standing
• Plan a secure financial future in an environment of economic instability.
Understanding and Using Personal Finance
finance education and skillsFinance Topics of Study
• How cash flows
• Capital budgeting
• Capital structure
• Cost of capital
• Business valuation
• Mergers and acquisitions
• Risk management
• Payout policies
How We Use Finance• Manage our money in a variety of ways
• How the stock market works and how to invest in it
• How to analyze the financial health of companies
• Manage investments wisely
• How manage a company
• Make real investments
• Raise Capital
• Control risk
How do we use marketing?
• According to the Webster English Dictionary, Marketing is:
• The process of selling or buying.
• The process or technique of promoting, selling, and distributing a product or service
• The action or business of market research and advertising.
What is a resume• According to the Webster English dictionary
• A Resume is a brief written account of personal, educational, and professional qualifications and experience, as that prepared by an applicant for a job.
• Your Resume will help you MARKET YOURSELF to an Employer
• Give it to every employer you meet even if they are not currently hiring.
• Give it to networking contacts who can be on the lookout for job opportunities for you.
• Give it to your references. It will help them talk to others about your qualifications and find job opportunities for you.
• Give it to your instructors and college placement offices.
Here are some examples:
• Highest form of education
• High School Diploma 2.0 GPA
• Work experience
• NONE
• Awards
• NONE• Highest form of education
• Some College
• Work experience
• Auditor two years
• Skills
• Computer efficient
• Good communication skills
• Awards
• High School Valedictorian.
• Highest form of education
• Bachelors in business management and accounting
• Work experience
• Accountant two years, inventory manager five years
• Skills
• Computer efficient, good communication skills, problem solving proficiency, can communicate in English, Spanish, French and German.
• Awards
• High School Valedictorian, graduate with honors in college 4.0 GPA, employee of the month eight months in a row.
“The roots of education are bitter,
but the fruit is sweet.”
~Aristotle
What’s the difference between Public and Private Education?
Private Colleges
Public
5 MOST COMMON OBJECTIONS
TO ENROLLING INTO COLLEGE COLLEGE
OBJECTION 1: “MY PARENTS DIDN’T GO TO COLLEGE AND THEY WERE SUCCESSFUL,
SO WHY SHOULD I BOTHER”
OBJECTION 2:
“I DON’T KNOW WHAT TO DO WITH MY LIFE”
OBJECTION 3: “MY GRADES WEREN’T SO GREAT IN HIGH SCHOOL,
COLLEGE WILL BE TOO HARD”
• Our programs finish faster than traditional schools because we educate year round
• Might as well finish now than later so you can be more employable and start earning more
money, SOONER!
Personal Advice: Once you get into the groove of academia, it will be harder to come back to it once you take a break.
OBJECTION 4: “I HAVE NO TIME, I NEED A JOB NOW OR I EARN
GOOD MONEY AT MY JOB ALREADY”
California has the most number of
private scholarships available, with over 20x as many as the
state with the lowest number.
California has the greatest pool of money for
scholarship applicants.
OBJECTION 5: “I CAN’T AFFORD IT”
Money is out there
Know payment optionsThe Income Based Repayment Plan
No more than15% of your monthly income
Loan Amount $30,000 $80,000 $120,000
Monthly Income $2,000 $2,000 $2,000
Loan Payment $300 $300 $300
After 25 years of faithful payments Loan is forgiven
Visit: http://studentaid.ed.gov for more info
References
Bureau of Labor Statistics. (2013, MAY 23). Earnings and employment rates by educational attainment . Retrieved from http://citationmachine.net/index2.php?
reqstyleid=2&mode=form&rsid=5&reqsrcid=APAWebPage&more=yes&nameCnt=1 !
Carnevale, A. P., Smith, N., & Strohl, J. Georgetown University, Center on Education and the Workforce. (2013). Recovery: Job growth and education requirements through 2020.
Retrieved from Georgetown Public Policy Institute website: http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/Recovery2020.FR.Web.pdf
!Center for Disease Control and Prevention. U.S. Department of Health and Human Services,
National Center for Health Statistics. (2012). Health, united states, 2011: With special feature on socioeconomic status and health.. Retrieved from U.S. Government Printing Office
website: http://www.cdc.gov/nchs/data/hus/hus11.pdf !
Hart Research Associates, (2010). Raising the bar: Employers’ Views on college learning in the wake of the economic downturn (Master's thesis). 20JanuaryRetrieved July 24, 2013, from
http://www.aacu.org/leap/documents/2009_EmployerSurvey.pdf !
Texas Guaranteed Student Loan Corporation. (2013). Learn more, earn more: . In Adventures in Education. Retrieved July 25, 2013, from http://www.aie.org
!Gonzales, A. (2014, March 14). New regulations aim to prevent private colleges from saddling
students with huge debt. . Retrieved , from http://www.bizjournals.com/phoenix/news/2014/03/14/new-regulations-aim-to-prevent-private-colleges.html?page=all
ReferencesGrasz, J. (2013, May 2). Careerbuilder releases most in-demand college majors and
entry-level jobs with the most growth. Retrieved from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=5/2/2013&id=pr755&ed=12/31/2013
National Association of Colleges and Employers. (2013, April 13). Average starting salary for grads with bachelor’s degrees rises 5.3 percent. Retrieved from http://www.naceweb.org/s04172013/average-starting-salary.aspx
National Center for Education Statistics. U.S. Department of Education, Institute of Education Sciences. (2012). Digest of education statistics: 2011. Retrieved from website
California Employment Development Department. California Employment Development Department, Labor Market Information Division. (2013). The economy: Information on the state and local labor markets. Retrieved from Current Employment Statistics Program website: http://www.labormarketinfo.edd.ca.gov/Content.asp?pageid=4
References
Bureau of Labor Statistics. (2013, MAY 23). Earnings and employment rates by educational attainment . Retrieved from http://citationmachine.net/index2.php?reqstyleid=2&mode=form&rsid=5&reqsrcid=APAWebPage&more=yes&nameCnt=1
!Carnevale, A. P., Smith, N., & Strohl, J. Georgetown University, Center on Education and the
Workforce. (2013). Recovery: Job growth and education requirements through 2020. Retrieved from Georgetown Public Policy Institute website: http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/Recovery2020.FR.Web.pdf
!Center for Disease Control and Prevention. U.S. Department of Health and Human Services,
National Center for Health Statistics. (2012). Health, united states, 2011: With special feature on socioeconomic status and health.. Retrieved from U.S. Government Printing Office website: http://www.cdc.gov/nchs/data/hus/hus11.pdf
!Hart Research Associates, (2010). Raising the bar : Employers’ Views on college learning in the
wake of the economic downturn (Master's thesis). 20JanuaryRetrieved July 24, 2013, from http://www.aacu.org/leap/documents/2009_EmployerSurvey.pdf
!Texas Guaranteed Student Loan Corporation. (2013). Learn more, earn more: . In
Adventures in Education. Retrieved July 25, 2013, from http://www.aie.org
References • http://www.csulb.edu/colleges/cba/accountancy/major/
• Anant K Sundaram: Finance professor at the Tuck School of Business at Dartmouth College
• Clark, Mathew http://ezinearticles.com/?Accounting-in-Everyday-Life&id=3153034
• Graves, J. (2013, February 21). 7 Skill You Need to Get Hired. . Retrieved , from http://money.usnews.com/money/careers/articles/2013/02/21/7-key-skills-you-need-to-get-hired-right-nowk
• K., S. A. (2011, May 4). Subject matters: Finance. The Economist. Retrieved May 13, 2014, from http://www.economist.com/whichmba/subject-matters-finance
• (Merriam-Webster)
• http://www.merriam-webster.com/
• Online Finance Degree Programs Directory | 2,873 Schools. (2014, January 1). Online Finance Degree. Retrieved May 13, 2014, from http://www.onlinefinancedegree.com/
• Shanker, Sheila http://smallbusiness.chron.com/advantages-accounting-information-3949.html
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