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ATB's latest Perch explores higher education

ATB's latest Perch explores higher education

Posted on: 9/19/2018 | Author: ATB Financial's Economics + Research Team

​​From learning about the human condition to encountering different perspectives to developing critical thinking skills, there is a wide range of benefits associated with post-secondary education, but getting a well-paying job afterward is often at or near the top of the list.

According to the 2016 Census, the average employment income of Albertans age 25 to 64 was around $47,000 for those with less than a high school education. Completing high school is associated with a $7,800 bump in average employment income. Multiplied by just five years, that’s $39,000 of additional income.

Average income goes up even further among Albertans who have completed a post-secondary program of some kind. Average employment income is highest among those with a university degree, followed by Albertans who learned a trade and those with a college diploma. The annual earnings gap between Albertans with less than high school and those with a degree above the bachelor level is a whopping $53,000.

Completing a post-secondary program requires investing a significant amount of time, energy and money and there is no guarantee that it will lead to a well-paying job. With that said, the higher level of employment income associated with having a post-secondary credential suggests that it is a worthwhile investment.

Dig deeper into this topic by listening to Perch, the podcast. It’s where ATB’s economics and research team is connecting with the experts, influencers and big thinkers who are shaping Alberta.

Join host and director of insight, Rob Roach as he brings the facts to life and subscribe to hear future series on the many different topics that impact our province’s economy.

Perch1, September 2018​ ​​​​

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