Question
Why would researching the average earnings by major and by career be useful to you as you choose an institute for higher education? It can help you calculate the return on investment. It can help you determine the net costs. It can help you decide what types of classes to take. It can help you figure out the sticker price.
Answer
3.9
(290 Votes)
Monroe
Master · Tutor for 5 years
Answer
- It can help you calculate the return on investment.- It can help you determine the net costs.
Explanation
Researching the average earnings by major and by career can provide valuable insights when choosing an institute for higher education. This information can help calculate the return on investment (ROI) by allowing you to assess potential future earnings against the costs of education. It directly influences your decision on whether the financial outlay for a specific course of study will be justified by future earnings in that field. Additionally, understanding these figures helps you determine the net costs (i.e., the costs after accounting for the potential earnings), aiding in budget planning and financial management. The knowledge of average earnings might not directly help you decide what types of classes to take or figure out the sticker price (the total cost before financial aid), but it provides a broader economic perspective useful for long-term planning.