Feel Overwhelmed by All the Education Choices?

You should be feeling overwhelmed. Without help, it is daunting for anyone trying to decide.

The combination of “who you are”, careers, universities, majors, courses of study, degree programs, funding choices total in the millions. Yes, that’s right, there are millions of alternatives. No wonder it is confusing and difficult to decide. What makes is even harder is the fact that there are few good sources that integrate the various elements of your decision. Buzz TodaySource: Your Future is Calling. In the end you have to weigh all of the information because this journey is about “who you are” and what you do in the future, and not about who I am and what I do. I can be a mentor but I cannot make the choices for you. You must do that.”

The most successful investor in history, Warren Buffett, has advice for you about the best investment you can make. His advice? Invest in yourself. We can tell from all of the Google searchers that millions of you are trying to do that, but the growth in information searches combined with the drop in enrollments is strong evidence that many of you are not finding what you need to make these choices.

You need better, more objective information. You need a road map to make sense of all the information. You need to be motivated to stay the course. You need a vision of the future you desire.

One exercise that is helpful is to envision the future you desire but that needs to be more than a day dream. The vision you create for yourself needs to be positive and concrete. One exercise I recommend is to envision a day in the life of your desired future. This effort needs to be concrete and specific, not some general fairy land fantasy. The vision needs to contain a lot of specifics about what you are actually doing during a typical day in that desired future. Write them do, Reflect on them. Relish them. Make them a part of your desire – a desire that will motivate and sustain you while you face the uncertainty of your choices.

Learning and education is the key to competing in the twenty-first century global economy where ideas are more important than things, where innovation trumps sweat, and where more choices create both complexity and opportunity.

Your future is yours to create. As Warren suggests, GO FOR IT!

Getting Silly

It’s very much in fashion today to bash colleges and universities. Headline after headline totes how bad a decision it is to get a college degree. The latest is now being reported as coming from the billionaire mayor of New York City.

Buzz Today Source: Fox News. Pipe dream: “Skip college, become a plumber, NYC Mayor Bloomberg says” reads the headline. “Compare a plumber to going to Harvard College — being a plumber, actually for the average person, probably would be a better deal,” he reportedly said. “You don’t spend … four years spending $40,000, $50,000 in tuition without earning income,” said the Mayor

The US Department of Labor estimates on their O*NET WEB site that plumbing is a profession with growing demand and what they call a bright outlook growing over 20% per year through 2020. The average salary for plumbers is $49,140 per year.

These are attractive prospects, relative to some other career options, but there are two problems here. The first problem is that if everyone were to take the Mayor’s advice and become a plumber instead of going to college there would be millions of plumbers. Furthermore, those persons actually with a plumbing job would be making next to nothing. Why would those working plumbers be making so little? Because supply and demand determines wages. With the demand for plumbers set by the market forces described, the Mayor’s recommendation would result in an explosion in the supply of plumbers, thus driving down the wages paid.

It’s true that the plumbing profession has a bright outlook with projected significant growth. The problem is, that even with all of that growth, the estimated number of plumbing openings is 228,800 between now and 2020. The simple fact is that if the millions of college students that will enroll between now and 2020 actually became plumbers instead, there would be lots of unemployed plumbers.

The other problem with the advice, is that you simply may not enjoy what plumbers do. Here O*NET is again helpful. What the WEB site tells us is that a day in the life of a plumber is filled with activities such as:

  • Measure, cut, thread, or bend pipe to required angle, using hand or power tools or machines such as pipe cutters, pipe-threading machines, or pipe-bending machines.
  • Locate and mark the position of pipe installations, connections, passage holes, or fixtures in structures, using measuring instruments such as rulers or levels.
  • Assemble pipe sections, tubing, or fittings, using couplings, clamps, screws, bolts, cement, plastic solvent, caulking, or soldering, brazing, or welding equipment.
  • Install pipe assemblies, fittings, valves, appliances such as dishwashers or water heaters, or fixtures such as sinks or toilets, using hand or power tools.

Remember, your future is about what you will be doing every working day of your life. If these plumbing activities are not what you want to be doing everyday in your future than the Mayor’s advice is not for you. It just does not match who you are.

The point is, that the sweeping generalizations even thoughtful people are making about your future is not very helpful for the decisions you have to make. After all, it is your future, not that of the billionaire Mayor we are talking about here. You need a clear road map to a future that matches who you are. Go to Your Future is Calling for the best advice I can give you.

All and Every

The current discussion about the value of learning is entangled in a very public debate about college and degrees.  To begin with, colleges and degrees are way too narrow topics when it comes to your future.  What we are talking about here is you: not everyone – all – only.

Buzz TodaySource:  Aspen Ideas Festival   “Is College for Everyone?”   Source:   Brookings Institute   “Should Everyone Go to College?”  Source: Jobs.aol.com   “Has the MBA Become a Worthless Degree?”  Source:  Washington Times Book Review:  “Is College Worth It?”  The first thing that has to change is the belief that we are failing as a society if everyone doesn’t go to college.  Source:    CNN Money    defying history and stereotypes by proving that a bachelor’s degree is not, as widely believed, the only ticket to a middle-class income.

Unfortunately, the sweeping headlines do not help you make the decisions that are right for you. You are not all or everyone. You are who you are.  What you need is specific information to make the choices that create the future that fits who you are.  Careers matter.

Even when it comes to careers choices there are lots of skeptics. There are some who believe that it is not possible to accurately predict what jobs will exist five years from now. It is true that those forecasts will not be perfect, but there are some good data sources that give a lot of valuable information even if it is not perfect.

The best of those sources in my opinion is the US Department of Labor WEB site called O*NET.  The design of the WEB site is especially valuable for finding key information about careers and jobs.  Your job is to explore that data to find what best fits who you are.  The road map for using the data is clearly spelled out in my book Your Future is Calling.

Tuition Cost – What You Need to Know

Average Net Price – What Is It?

It is important that you fully understand tuition costs and pricing in higher education. All is not what it seems.

Few students pay the advertised tuition figure, known as the sticker price.  Net price is what you’ll actually pay for college, after subtracting scholarships and grants.

Buzz Today Source:  The Chronicle of Higher Education. A high sticker price can scare students away from a specific college even though it might be a good fit for them. Look at net price, not the sticker price.  A high sticker price can scare students away from a specific college even though it might be a good fit for them. Look at net price, not the sticker price.  Few students pay the advertised tuition figure, known as the sticker price. Net price is what you’ll actually pay for college, after subtracting scholarships and grants.

An education is an important thing to have these days.  Unfortunately higher education is less than fully transparent about what an education costs.  For those of you who may not be familiar with it, The Chronicle of Higher Education is the premiere publication of college and universities.  Professors and college administrators go to The Chronicle for the latest important news in American Colleges and Universities.

The BUZZ Today message is clear.  If you do not know that few students pay the full price, you well could end up spending more money for your education than you need to.  The good news is that there is excellent information on how many current students are getting financial help at a college or university that you are interested in. The source is COLLEGE Navigator

The challenge for you as a prospective student is to navigate the huge data base of college information in COLLEGE Navigator.  For help with the navigation see chapter Chapter 9 “How to Select the Right School” in the book “Your Future is Calling“.