Why Trade Schools are considered superior to 4-year colleges
Kids off to College this fall? Not for those pursuing careers in the Trades
Typically, this time of year, you see stories of friends and neighbors proclaiming their status as new “empty nesters”. Well, for those who have 18-year-olds ready to move on to the next thing after high school, there are more and more who are considering the training that will lead to a full-time career much faster and typically, much more lucrative pay wise right away, than their college-bound counterparts. The reason: trade schools.
In fact, there is a trend toward holding spring “signing days” for those students who are going into the trades. Why? Trade school offers a pretty compelling career path, particularly compared to the college path when you consider the following:
For starters, the salary isn’t that much of a drop-off compared to a four-year degree. SimplyHired.com estimates that a trade school graduate will make about $42,000 per year. Over the course of 30 years, the difference between that trade school graduate and the four-year college graduate is only $90,000.
Another factor that helps with trade school is that you’ll enter the workforce two years earlier. That amounts to two additional years of income in which the trade school graduate will make, on average, another $42,000 each year, adding up to $84,000. That means that at age 52 (after 30 years in the workforce versus 32 for the trade school graduate), the college graduate will only be ahead by $6,000 on lifetime income, even excluding the loan.
Another huge advantage of a trade school is that most of the jobs you’ll get are difficult to outsource to another country. It is much easier to export, say, computer programming work or other information economy work than it is to export plumbing or electrical work.
Which is why it’s not that surprising that more and more high schools are holding “signing days” for those students choosing to go into the trades in the fall instead of the typical four-year college.
To those who are headed to the trades… our hard hats are off to you! Find out about careers at Benjamin Franklin Plumbing here.