Investing In Yourself

The Human Capital

What is the Human Capital?

It’s a measure of the economic value of an employee skill set.

Education !

Experience !

Abilities

Why Get a

Degree?

Why get a degree?

• Employment Advantage

• Health Advantage

• Other Advantages

EMPLOYMENT ADVANTAGE

Bachelor’s Degree

Associate’s Degree

Some College

High School Diploma

Less Than High School Diploma

$0 $295 $590 $885 $1,180

471

652

$727

785

1066

Learn More Earn More

source: Bureau of Labor Statistics, 2014

Weekly Earning by Educational Attainment

source: Texas Guaranteed Student Loan Corporation, 2013

Here’s another look!

Bachelor’s Degree

Associate’s Degree

Some College

High School Diploma

Less Than High School Diploma

0% 12%

12%

8%

8%

6%

5%

More Education = Less Unemployment

source: Bureau of Labor Statistics, 2013

Unemployment Based on Educational Attainment

those with a 4 year degree, on average, have a less rate of

unemployment

0%

20%

40%

60%

80%

100%

1973 1992 2007 2018

10%11%10%7%

23%21%19%9%

12%10%8%

12%

17%17%

19%

28%30%

34%

40%

10%11%10%

32%

HS DropoutHS DiplomaSome CollegeAssociate’s DegreeBachelor’s DegreeMaster’s Degree or Better

62% of the workforce will have

some type of college education

More than half of the

workforce with college degrees will have a Bachelor’s or

higher

Percentage of Workforce by Education Level

Future Opportunities Will Require More Education

Source: Georgetown University, Center on Education and the Workforce.

HEALTH

ADVANTAGE

“In 2007–2010, obesity among boys and girls 2–19 years of age decreased with increasing education of the head of household.”

-CDC, 2012

Bachelor’s Degree

Associate’s Degree*

HS Diploma*

Less than HS diploma

0% 8% 15% 23% 30%

24%

18%

16%

11%

22%

20%

14%

7%Girls Boys

Percentage of Obese Boys and Girls Based on Parents’ Education Level

*estimated valuessource: Center for Disease Control and Prevention, 2012

Childhood Obesity and Education

No HS Diploma

HS Diploma

Some College

Bachelor’s Degree

50 55 60 65 70 75 80 85 90

85

83

82

77

81

77

76

72

Boys GirlsLife expectancy at age 25, by sex and education level: United States, 2006

Life Expectancy and Education Research shows those with a Bachelor Degree tend to live

longer than those without.

source: Center for Disease Control and Prevention, 2012

The Center for Disease Control and Prevention says that adults without a high school education are four times as likely to LACK health insurance compared to

those with a Bachelor’s degree

OTHER

ADVANTAGES

PERSONAL DEVELOPMENT

• Of completing school;

• By being the first one to complete school

• Setting an example for your family

• Being able to give a better representation for your race.

Pride

PERSONAL DEVELOPMENT

•College provides people more of an opportunity to fulfilled in many aspects of their lives.

•9 percent of college students study abroad. (travel)

•About 10% of people marry their college sweetheart, and have with stronger marriages

•Five out of the 10 happiest states in the nation are also in the top 10 for educational attainment, and boast the highest percentages of population with a bachelor’s degree or higher.

•The Center for Information and Research on Civic Learning & Engagement asserts that higher levels of education translate into more civic engagement, civic engagement also promotes educational attainment.

Happiness

PERSONAL DEVELOPMENT

Source of IncomeMany people use college as a source of income, especially returning service members. • G.I Bill • Financial Aid • Tuition Waivers • Study-Work Program

Better Society

Higher education contributes to an overall better society. ▪ More income tax generated for the state

and federal government. ▪ People are more involved in voluntary

organizations and give more to charity. ▪ Incarceration rate of adults with some

college education is ¼ of that with only a high school degree. It costs about $26,000 a year to maintain a prisoner.

▪ Government spends $800-2700 less a year on social programs for individual 30 year old college grads than high school grads.

Business because…

• everything includes business

• Better possibilities/open doors

• Foundation of every industry

• Profitable

• Everyone consumes

• Variety of majors

Business is/has

• Variety

• Demand

• Transferable skills

• Dynamic

Business Majors include

• Accounting

• Finance

• Human resources

• Sales

• Administration

• Marketing

• Healthcare management

• IT Management

• International business

• Public relations

• Real-estate

MONEY ADVANTAGE

Category 2013 Average Salary 2012 Average Salary Percent Change

Business $54,234 $50,633 7.1%Communications $43,145 $41,550 3.8%

Computer Science $59,977 $57,529 4.3%Education $40,480 $38,524 5.1%

Engineering $62,535 $60,151 4%Health Sciences $49,713 $45,442 9.4%Social Science $37,058 $36,371 1.9%

Math & Sciences $42,724 $41,430 3.1%Overall $44,928 $42,666 5.3%

Average Salaries by Discipline

*Source: April 2013 Salary Survey, National Association of Colleges and Employers 

BUSINESS

IS IN DEMAND

BusinessComputer and IT

EngineeringHealth Professions

Eginerring TechnologiesMath & StatisticsCommunications

EducationScience Technologies

Liberal Arts and Humanities

0% 9% 18% 26% 35%

In a nationwide online survey of more than 2,000 employers, CareerBuilder and Harris Interactive© asked companies which college majors were most in demand at their firms.

Source: Grasz, 2013

The Top In Demand College Majors

BusinessAdvertising

Computer SoftwareAccounting & FInance

HospitalityAutmotive

Sales & MarketignTraining

Non-ProfitRetail

Healthcare0% 15% 30% 45% 60%

Industries with the largest year-over-year growth for entry-level jobs (with at least 1,000 active jobs in March)

Source: Grasz, 2013

Top Industries Hiring Recent College Grads

SOURCE: U.S. Department of Education, National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS), Fall 2000, Fall 2005, and Fall 2010, Completions component.

Bachelor’s degrees conferred by degree-granting institutions in selected fields of study: 1999–2000, 2004–05, and 2009–10

(National Center for Education Statistics, 2012)

LOWEST

UNEMPLOYMENT RATE

Source: Grasz, 2013

Top Occupation for Recent College Grads1 Registered Nurse

2 Sales Representative

3 Account

4 Customer Service Representative

5 Industrial Engineer

6 Retail Salesperson

7 Medical and Health Services Manager

8 Physical Therapist

9 Occupational Therapist

10 Computer Support Specialist

Entry-level occupations with the most job listings (with at least 3,500 active jobs in March)

*

*

California Employment by Industry Percent Change from 2012 to 2013

*Business management related field. Do not forget, every industry has someone in business (i.e. human

resources, accounting, management, finance and sales)

Business is in EVERY industry

No matter if you are in healthcare, technology, education, or basket

weaving, business present in EVERY industry in the form of: finance, human resources, management, marketing, and sales to

name a few.

Human Resources

Management

Accounting

Finance

Marketing

Sales

OTHER REASONS

YOU are a Business

To often people misdefine the word “business”

Business is an activity that someone is engaged in

Therefore the study of business is the study of activity.

The concepts you will learn not only apply to organizations but also to your personal life.

Business Skills that translate to your personal life

Networking

Finance

Leadership

People Skills

Communications

Conceptual Thinking

A Business Degree Gives Upward Mobility

0%

20%

40%

60%

80%

100%

2007 2018

10%11%

23%21%

12%10%

17%17%

28%30%

10%11%

HS DropoutHS DiplomaSome CollegeAssociate’s DegreeBachelor’s DegreeMaster’s Degree or Better

Source: Carnevale, Smith & Strohl, 2013

Advancement opportunities in the

future are being paved by a business degree.

Fact: More and more

employers are raising their educational

requirements

Skills Learned in School For Life

Is school important?• According to TheFreeDictionary.com the definition of the verb "to school"

is to train or discipline; to educate in or as if in an institution of learning. And from DictionaryReference.com, learning is defined as the act or process of acquiring knowledge or skill.

The importance of school is to better prepare oneself for better opportunities the world has to offer.

Skills Learned in school: • Skills that are acquired in school are to better prepare a

person to be adaptable to the business field.

• These skills can be transferable to personal life scenarios and aspects.

Is Accounting Important?Accounting in the real world

• Accounting is used in all types of businesses.

• Keeps track of personal wages for payments like

• Mortgages & car payments as well as day to day expenses that accumulate.

• From buying inventory for your business or buying a new jersey for the game are all part of accounting

• Helps protect people from improper spending.

• An individual using accounting general knowledge will most likely be debt free.

Advantages of AccountingAccounting in the The knowledge of accounting

as well as the handling of debits and credits world

• Will help balance personal expenses.

• Will make you stronger candidate for an employer

• Gives a person the ability to keep track of funds going into the business vs. the money going out of the business

• Gives more value to an individual working for an employer.

• Number speak for themselves.

Is Finance Important?• Finance is a field closely related to

accounting that deals with the allocation of assets and liabilities.

• Finance also applies the theories of economics.

• Finance can be defined as the science of money management.

• Finance is the time value of money.

• FINANCE BRONKEN INTO 3 SUB-CATEGORIES:

• PUBLIC FINANCE

• CORPORATE FINANCE

• PERSONAL FINANCE

• **FINANCING discloses the planned borrowings and re-payments, including how interest operate in that particular year.

• Avoid unforeseen personal events, as well as events in the wider economy.

• Transference of family across generations (inheritance)

• General knowledge of the effects of tax policies, subsidies and/or penalties

• Effects of credit in individual financial standing

• Plan a secure financial future in an environment of economic instability.

Understanding and Using Personal Finance

finance education and skillsFinance Topics of Study

• How cash flows

• Capital budgeting

• Capital structure

• Cost of capital

• Business valuation

• Mergers and acquisitions

• Risk management

• Payout policies

How We Use Finance• Manage our money in a variety of ways

• How the stock market works and how to invest in it

• How to analyze the financial health of companies

• Manage investments wisely

• How manage a company

• Make real investments

• Raise Capital

• Control risk

How do we use marketing?

• According to the Webster English Dictionary, Marketing is:

• The process of selling or buying.

• The process or technique of promoting, selling, and distributing a product or service

• The action or business of market research and advertising.

What is a resume• According to the Webster English dictionary

• A Resume is a brief written account of personal, educational, and professional qualifications and experience, as that prepared by an applicant for a job.

• Your Resume will help you MARKET YOURSELF to an Employer

• Give it to every employer you meet even if they are not currently hiring.

• Give it to networking contacts who can be on the lookout for job opportunities for you.

• Give it to your references. It will help them talk to others about your qualifications and find job opportunities for you.

• Give it to your instructors and college placement offices.

Here are some examples:

• Highest form of education

• High School Diploma 2.0 GPA

• Work experience

• NONE

• Awards

• NONE• Highest form of education

• Some College

• Work experience

• Auditor two years

• Skills

• Computer efficient

• Good communication skills

• Awards

• High School Valedictorian.

• Highest form of education

• Bachelors in business management and accounting

• Work experience

• Accountant two years, inventory manager five years

• Skills

• Computer efficient, good communication skills, problem solving proficiency, can communicate in English, Spanish, French and German.

• Awards

• High School Valedictorian, graduate with honors in college 4.0 GPA, employee of the month eight months in a row.

“The roots of education are bitter,

but the fruit is sweet.”

~Aristotle

What’s the difference between Public and Private Education?

Private Colleges

Public

5 MOST COMMON OBJECTIONS

TO ENROLLING INTO COLLEGE COLLEGE

OBJECTION 1: “MY PARENTS DIDN’T GO TO COLLEGE AND THEY WERE SUCCESSFUL,

SO WHY SHOULD I BOTHER”

OBJECTION 2:

“I DON’T KNOW WHAT TO DO WITH MY LIFE”

OBJECTION 3: “MY GRADES WEREN’T SO GREAT IN HIGH SCHOOL,

COLLEGE WILL BE TOO HARD”

• Our programs finish faster than traditional schools because we educate year round

• Might as well finish now than later so you can be more employable and start earning more

money, SOONER!

Personal Advice: Once you get into the groove of academia, it will be harder to come back to it once you take a break.

OBJECTION 4: “I HAVE NO TIME, I NEED A JOB NOW OR I EARN

GOOD MONEY AT MY JOB ALREADY”

California has the most number of

private scholarships available, with over 20x as many as the

state with the lowest number. 

California has the greatest pool of money for

scholarship applicants.

OBJECTION 5: “I CAN’T AFFORD IT”

Money is out there

Know payment optionsThe Income Based Repayment Plan

No more than15% of your monthly income

Loan Amount $30,000 $80,000 $120,000

Monthly Income $2,000 $2,000 $2,000

Loan Payment $300 $300 $300

After 25 years of faithful payments Loan is forgiven

Visit: http://studentaid.ed.gov for more info

References

Bureau of Labor Statistics. (2013, MAY 23). Earnings and employment rates by educational attainment . Retrieved from http://citationmachine.net/index2.php?

reqstyleid=2&mode=form&rsid=5&reqsrcid=APAWebPage&more=yes&nameCnt=1 !

Carnevale, A. P., Smith, N., & Strohl, J. Georgetown University, Center on Education and the Workforce. (2013). Recovery: Job growth and education requirements through 2020.

Retrieved from Georgetown Public Policy Institute website: http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/Recovery2020.FR.Web.pdf

!Center for Disease Control and Prevention. U.S. Department of Health and Human Services,

National Center for Health Statistics. (2012). Health, united states, 2011: With special feature on socioeconomic status and health.. Retrieved from U.S. Government Printing Office

website: http://www.cdc.gov/nchs/data/hus/hus11.pdf !

Hart Research Associates, (2010). Raising the bar: Employers’ Views on college learning in the wake of the economic downturn (Master's thesis). 20JanuaryRetrieved July 24, 2013, from

http://www.aacu.org/leap/documents/2009_EmployerSurvey.pdf !

Texas Guaranteed Student Loan Corporation. (2013). Learn more, earn more: . In Adventures in Education. Retrieved July 25, 2013, from http://www.aie.org

!Gonzales, A. (2014, March 14). New regulations aim to prevent private colleges from saddling

students with huge debt. . Retrieved , from http://www.bizjournals.com/phoenix/news/2014/03/14/new-regulations-aim-to-prevent-private-colleges.html?page=all

ReferencesGrasz, J. (2013, May 2). Careerbuilder releases most in-demand college majors and

entry-level jobs with the most growth. Retrieved from http://www.careerbuilder.com/share/aboutus/pressreleasesdetail.aspx?sd=5/2/2013&id=pr755&ed=12/31/2013

National Association of Colleges and Employers. (2013, April 13). Average starting salary for grads with bachelor’s degrees rises 5.3 percent. Retrieved from http://www.naceweb.org/s04172013/average-starting-salary.aspx

National Center for Education Statistics. U.S. Department of Education, Institute of Education Sciences. (2012). Digest of education statistics: 2011. Retrieved from website

California Employment Development Department. California Employment Development Department, Labor Market Information Division. (2013). The economy: Information on the state and local labor markets. Retrieved from Current Employment Statistics Program website: http://www.labormarketinfo.edd.ca.gov/Content.asp?pageid=4

References

Bureau of Labor Statistics. (2013, MAY 23). Earnings and employment rates by educational attainment . Retrieved from http://citationmachine.net/index2.php?reqstyleid=2&mode=form&rsid=5&reqsrcid=APAWebPage&more=yes&nameCnt=1

!Carnevale, A. P., Smith, N., & Strohl, J. Georgetown University, Center on Education and the

Workforce. (2013). Recovery: Job growth and education requirements through 2020. Retrieved from Georgetown Public Policy Institute website: http://www9.georgetown.edu/grad/gppi/hpi/cew/pdfs/Recovery2020.FR.Web.pdf

!Center for Disease Control and Prevention. U.S. Department of Health and Human Services,

National Center for Health Statistics. (2012). Health, united states, 2011: With special feature on socioeconomic status and health.. Retrieved from U.S. Government Printing Office website: http://www.cdc.gov/nchs/data/hus/hus11.pdf

!Hart Research Associates, (2010). Raising the bar : Employers’ Views on college learning in the

wake of the economic downturn (Master's thesis). 20JanuaryRetrieved July 24, 2013, from http://www.aacu.org/leap/documents/2009_EmployerSurvey.pdf

!Texas Guaranteed Student Loan Corporation. (2013). Learn more, earn more: . In

Adventures in Education. Retrieved July 25, 2013, from http://www.aie.org

References • http://www.csulb.edu/colleges/cba/accountancy/major/

• Anant K Sundaram: Finance professor at the Tuck School of Business at Dartmouth College

• Clark, Mathew http://ezinearticles.com/?Accounting-in-Everyday-Life&id=3153034

• Graves, J. (2013, February 21). 7 Skill You Need to Get Hired. . Retrieved , from http://money.usnews.com/money/careers/articles/2013/02/21/7-key-skills-you-need-to-get-hired-right-nowk

• K., S. A. (2011, May 4). Subject matters: Finance. The Economist. Retrieved May 13, 2014, from http://www.economist.com/whichmba/subject-matters-finance

• (Merriam-Webster)

• http://www.merriam-webster.com/

• Online Finance Degree Programs Directory | 2,873 Schools. (2014, January 1). Online Finance Degree. Retrieved May 13, 2014, from http://www.onlinefinancedegree.com/

• Shanker, Sheila http://smallbusiness.chron.com/advantages-accounting-information-3949.html