The new reality of higher education

How many degrees does it take to build a career?

The transformation of the economy has generated a huge change in post-secondary education. No more single trip to university or college with a clear path to stable employment at the end. Multiple degrees or degree-diploma combinations are common. Just as common is discovering that your education doesn’t connect to the career you actually want (after a bit of life experience, soul searching and maybe even a little tarot card reading).

So it’s back to school again for the right qualifications to drive that dream career. Or, simply some hard work and on-the-job learning with a few professional development courses. And of course, zig-zag careers with job changes after only a couple of years are not unheard of now either, as change pushes us and we push change.

Whatever the reason or method, continuous learning is a common theme for Changeshapers (see the video).

Is postsecondary the new high school? The Young Coaches of Libro want to find out.

We first got the lay of the land Canada-wide. It turns out for those aged 25-34, acquiring a postsecondary degree or diploma is the norm: 65% of males have one and a whopping 75% of females do (Environics Millennial Profile, 2016). But 31.9% of that age group are in jobs that have nothing to do with the degree or diploma they hold (Globe & Mail, 2016).

Regardless, Canadian companies seek decorated next-generation recruits. They’re looking for potential employees who have post-secondary education of some kind, and additional or specialized education, and the compensation they offer reflects that:

The stats we found represent Canada as a whole. We’re curious to see what’s happening here at home in southwestern Ontario.

Lets face it - just keeping up with the pace of change means we're chasing the future a little; more education, more career shifts and job changes, more contracts and dead ends. Those are our facts of life. So plan on it - and adjust your financial well-being accordingly. Libro calls that Prosperity Planning; you'll call it the end of your student debt, building a nest egg, a little more living for today and saving for tomorrow. Give us a call.

Thanks, from the Young Coaches of Libro Credit Union.