Career Planning Answers

Which of the following should one consider when choosing a career?a.the potential earningsb.the work environmentc.the required educationd.all of the above

Aaron is a high school graduate working as a retail clerk. He earns a median salary for a high school graduate. Aaron is thinking about going to college to get an associate's degree. If he completes his degree in 2 years and college costs total $30,000, how long will it take Aaron to recover his investment, assuming that he earns the median salary and continues to work full time while he is attending school? a. about 2.5 years b. about 5.5 years c. about 8.5 years d. about 11.5 years Please select the best answer from the choices provided

Samantha’s college runs on a trimester schedule so she receives a bill 3 times a year for tuition. Each trimester costs $1,450, and Samantha must complete 2 years of college to receive her degree. The average cost for books each trimester is $350. Approximately what will be the total cost for Samantha to get her degree?a.$4,700b.$5,400c.$9,050d.$10,800

You give up a full-time salary of $45,000 a year to go to school for 2 years. The total cost of going to school is $30,000. If you want to be able to recover your investment in 5 years or less, what is the minimum salary you would need to earn upon earning your degree?a.$51,000b.$60,000c.$69,000d.$75,000

The table below is comparing level of education achieved to the rate of unemployment and the median weekly earnings in 2008. Based on the information provided, the unemployment rate decreases the most when moving between which two consecutive educational levels? a. “Less than high school” and “High School Graduate” b. “High school graduate” and “Some college, no degree” c. “Associate degree” and “Bachelor’s degree” d. “Professional degree” and “Doctoral degree” Please select the best answer from the choices provided

Based on the information provided in the graph, for which of the following situations could you expect to have the greatest increase in salary? a. Having a high school diploma and going to college for a year. b. Having an associate’s degree and getting a bachelor’s degree. c. Having a bachelors degree and getting a master’s degree. d. Having a master’s degree and getting a doctorate degree. Please select the best answer from the choices provided

James has a job with a current salary of $42,000. He wants to earn a college degree that will take him 2 years to complete and it will cost $28,000 per year. He will go to school full time and will not be able to work. Upon graduation, James' new salary will be $56,000 per year. How many years will it take James to recover his investment? a. 1.3 years b. 2.5 years c. 10 years d. 20 years. Please select the best answer from the choices provided

Mark currently works part-time with a salary of $8,000 per year. Mark plans to quit working and attend college for 4 years. If his college costs will total $64,000, how long will it take Mark to recover his investment assuming he has a salary of $32,000 upon graduating?a.2 yearsb.3 yearsc.4 yearsd.5 years

There is a correlation between higher education and greater degrees of both income and job stability. What is one downside of continuing education that might cause someone to choose not to seek a higher level of education despite the benefits?a.If you have too much income, you will reach your goals too quickly. b.Most employers feel that pursuing a college degree shows a lack of decisiveness or conviction compared to diving straight into the workforce.c.Higher education can be expensive, and most students who seek degrees must accept some burden of debt.d.Getting a degree in one subject can disqualify you from getting a job in another field.

Data seems to indicate that there is a negative correlation between years of education and unemployment rates. Which of the following describes what this means?a.As education increases unemployment increases.b.As education increases unemployment decreases.c.As education decreases unemployment decreases.d.None of the above.