What Is the Financial Benefit of an Associate Degree?

An associate degree offers several key financial benefits. By earning an Associate of Science online degree, you can open the door to many new job opportunities — as well as boost your earning potential. An associate degree requires 60 credit hours, which you can also use as a stepping stone toward a bachelor’s degree.

More Job Opportunities

One of the main financial benefits of an associate degree is the number of jobs available after graduation. Job seekers holding an Associate of Science degree qualify for more positions than those with a high school diploma alone. Some examples of jobs that require an associate degree are dental hygienist, physical therapy assistant and diagnostic medical sonographer.

Additionally, more and more jobs that did not previously require a college degree now do, which can give people with associate degrees a competitive edge in the job market. At 3.8 percent, the unemployment rate for associate degree holders is lower than that for all workers.

Higher Salaries

Another financial benefit of an associate degree is an increase in salary. Workers who have earned an associate degree can expect, on average, $120 more per week than those with just a high school diploma. Consequently, someone with an Associate of Science online degree may gain between $250,000 and $400,000 in earnings over their lifetime. This is partly due to a greater number of available jobs, but even within the same job, an employee with a higher level of education will often earn more than an employee with less education.

Shortcut to Seeking Further Education

An associate degree is an affordable way to increase your earning potential, and it doesn’t have to stop there. An important financial benefit of an associate degree is your ability to transfer the 60 earned credit hours toward a bachelor’s degree, which can save you time and money.

In light of the financial benefits, the decision to earn an associate degree can be pivotal for anyone with a high school diploma. The increased earning potential makes an associate degree the right choice for many.

Learn more about the LSUA online Associate of Science program.


Sources:

Bureau of Labor Statistics: Earnings and unemployment rates by educational attainment

American Institutes for Research: Return on Investment for Associate Degrees Can Be High for Graduates and Benefit Taxpayers, New Study Shows


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