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Writer's pictureGeorge Arun A

Why is University Education Important?

George Arun A

29.03.2023


The world in which we live is constantly evolving. We are demanding more and more from our citizens than ever before and in order to live up to the demands of the world we need a solid education upon which to base our skills and knowledge. There are many alternatives available for receiving an education these days, which is good news for those who have not yet managed to obtain a four-year college degree. Truthfully, that degree is the difference in literally hundreds of thousands of dollars over the course of a lifetime than not having a degree.


Four Reasons for a Three/Four/Five - Year Education


Money:

The first reason that you should consider a university degree is the fact that it will substantially increase your earning potential. If nothing else appeals to you, this is typically the one reason that most people return to school after years in the workplace. If you are in high school and haven't really had to deal with the bills and burdens that many adults face it's difficult to explain how important any edge when it comes to earning ability truly is. However, you should be aware that you need to choose your major wisely if money is your sole motivation. Not all careers pay equally when compared to the education required to enter them.


Insurance:

This may seem like a strange term to use when discussing why you should get a university education, but this is perhaps the best insurance you can find as far as employability goes. Having a university degree gives you a competitive edge over those who do not. In many cases you will find that education is beginning to trump experience as employers are seeking workers with more rounded skills rather than those with very specific skills. The modern university typically requires a brief exposure to all kinds of information and coursework that isn't necessarily related to your major. This provides graduates with a broader understanding of the world (at least that is the assumption).


Employability:

Believe it or not, those with degrees are much more employable than those that do not have them. There was a time when the trend was to employ those who had experience over those who had education. That trend is rapidly evaporating as companies want employees that can fill multiple roles more and more often. The limited exposure to certain ideas or ideals and principles that most people receive as part of their university education makes you a more employable candidate because you should be able to adapt and adjust, as this was required during your educational process.


Confidence:

There is nothing quite like believing in yourself. Getting a four-year education is one way to build confidence not only on a personal level but also on a professional level. Whether or not you realize it, this is often the best reason for pursuing a university degree. This reason, as a matter of fact, will actually affect all of the other things I mentioned above. If you have more confidence in your ability, you will be more willing to go out there and get the job done. As a result, you will earn more money and you will ensure that you are an asset to your company by proving yourself to be just that.


The Importance of University Education in Developing Countries:

University education is more than the next level in the learning process; it is a critical component of human development worldwide. It provides not only the high-level skills necessary for every labor market but also the training essential for teachers, doctors, nurses, civil servants, engineers, humanists, entrepreneurs, scientists, social scientists, and a myriad of other personnel. It is these trained individuals who develop the capacity and analytical skills that drive local economies, support civil society, teach children, lead effective governments, and make important decisions which affect entire societies.

An educated populace is vital in today’s world, with the convergent impacts of globalization, the increasing importance of knowledge as a main driver of growth, and the information and communication revolution. Knowledge accumulation and application have become major factors in economic development and are increasingly at the core of a country’s competitive advantage in the global economy. The combination of increased computing power, diminishing prices of hardware and software, improvement of wireless and satellite technologies, and reduced telecommunication costs has all but removed the space and time barriers to information access and exchange.

The recent World Bank study Globalization, Growth, and Poverty:

Building an Inclusive World Economy, by David Dollar and Paul Collier, describes how 24 developing countries that integrated themselves more closely into the global economy experienced higher economic growth, a reduced incidence of poverty, a rise in the average wage, an increased share of trade in gross domestic product, and improved health outcomes. These countries simultaneously raised their rates of participation in higher education. Indeed, the countries that benefited most from integration with the world economy achieved the most marked increases in educational levels. In addition, there is growing evidence that university education, through its role in empowering domestic constituencies, building institutions, and nurturing favorable regulatory frameworks and governance structures, is vital to a country’s efforts to increase social capital and to promote social cohesion, which is proving to be an important determinant of economic growth and development.


Regardless of your personal reason for pursuing a university degree there are very few wrong reasons to get your degree. Good luck in your educational pursuits.


I know they will serve you well.


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