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DREAM — Achievement through Mentorship
 

Why is college important?

EmploymentChart. Earnings and unemployment rates by educational attainment

According to recent estimates by the Bureau of Labor Statistics, in 2011, there were 5.9 million scientists and engineers employed in the United States, accounting for 4.6% of total U.S. employment. The unemployment rates for the science and engineering occupations overall (3.9%) were lower than the overall unemployment rate for those 16 and over (8.9%), and generally lower than the unemployment rate for the professional and related occupations group (4.3%).

 Wages

In general, scientists and engineers have mean wages that exceed the mean wage for all occupations in the United States. In 2011, the mean wage for all scientists and engineers was $85,700, while the mean wage for all other occupations was $43,300.

 

Projected Demand

The Bureau of Labor Statistics projects the number of science and engineering jobs will grow by 1.1 million between 2010 and 2020, a growth rate (1.7% CAGR) that is somewhat faster than that of the overall workforce (1.3%). In addition, the Bureau projects that a further 1.3 million scientists and engineers will be needed to replace those projected to exit S&E occupations. Growth in the S&E occupational groups is projected to range from 1.0%-2.0% CAGR.

The number of scientists and engineers needed to meet growth and net replacement needs between 2010 and 2020 is 2.4 million, including 1.4 million in the computer occupations and 525,900 engineers.[1]

Opportunity

Education opens up doors with more choices and opportunities for travel, scholarships, and better jobs. Not only does it offer more job opportunities but it can also determine your lifestyle. A college education and specifically a STEM degree can give you more degrees of freedom with the car you own, the healthcare you obtain, the house you own, and your vacation time.

A college education can also expand your mind through exposure to various people, topics, and experiences. Growth and development will occur in many areas, including decision-making, analytical awareness, reasoning, creative expression, verbal expression, and more.

It also helps to improve your community and gives you friends, personal satisfaction, confidence, and hope for a better life.


[1] https://www.fas.org/sgp/crs/misc/R43061.pdf