You may have heard of the term “Corona Virus” and its impact on the world. Well, the same principle applies to the development of technology. Just as the corona virus was unforeseen, so too were the requirements for higher education in the technological field. One would assume that in light of the Pandemic, there would be a rise in applications for online degrees. However, even before the pandemic, online education was rapidly increasing in comparison to traditional campus-based programs. In fact, the share of online education in the United States more than tripled between 2008 and 2018 from 3% to 11% (Edvisors).
This trend shows no sign of slowing down and, in fact, it is quite the opposite. According to recent data from the U.S. Bureau of Labor Statistics (BLS), 65% of American adults have considered taking a course or upgrading their skills through an online educational program. Of these, 39% have already done so, with the remaining 36% planning to take the step soon (Bureau of Labor Statistics).
Given this context, it is not surprising that many companies are now offering accredited online degree programs. These programs allow working individuals to advance their education while maintaining their busy schedules. Perhaps one of the biggest drawcards of these online degree programs is that they offer a very generous access to learning materials, including all required texts, course-related documents, and videos (if any). As a result, it is possible for working adults to complete a college degree in a short amount of time while still maintaining their employment (U.S. Department of Labor).
One of the most attractive aspects of online students is that they can access the classes they need from the comfort of their homes. In order to maximize their productivity, many companies are now offering remote work opportunities to their employees. With the rise of the on-demand economy, more and more companies are providing their employees with the option to work remotely. This provides greater flexibility and options for individuals, both in terms of their education and career. As a result, more and more people are choosing to pursue an online degree. This presents a substantial opportunity for higher education institutions to attract new students, provide convenience for existing students, and boost enrollment (Grand Canyon University).
What Type Of Degree Does One Need To Pursue In 2020?
If you are interested in pursuing higher education, then you should begin by asking yourself the following questions:
Do You Need A Bachelor’s Degree?
A bachelor’s degree is typically the entry-level degree for students pursuing a career in business and administration. This is due largely to the fact that graduates with bachelor’s degrees have the opportunity to progress to a more advanced degree or enter the workforce immediately. In fact, the BLS data suggests that the most in-demand jobs in 2020 will require a bachelor’s degree. The data shows that jobs such as accountants, business analysts, and bookkeepers will see the largest proportional increase in demand between now and next year. In terms of jobs, financial analysts, economists, and statisticians will also see a large increase in demand. On the other hand, jobs related to graphic design, photography, and video production will see the smallest proportional increase in demand.
Is A Master’s Degree Worth It?
A master’s degree is typically seen as the next step in one’s education after obtaining a bachelor’s degree. However, with further study and/or professional practice, a master’s degree may not always be necessary to attain certain job titles. The BLS data also suggests that many jobs for which there is no bachelor’s degree will now require a master’s degree. Specifically, jobs in the field of business administration, marketing, and economics will now require a master’s degree. Jobs related to software development, systems analysis, and information technology will also see an increase in demand for their corresponding master’s degrees.
What Type Of Degree Should You Pursue In 2020?
After answering the preceding questions, you may be wondering what type of degree you should pursue in light of the current state of the economy. The answer to this question largely depends on your career goals and situation. There are several jobs which do not require a bachelor’s degree, but rather a high school diploma or GED. If you are looking for flexibility in your job search or want to enter the job market as soon as possible, then a high school diploma may be sufficient. However, if you are looking to attain a more academic degree, then you should consider a bachelor’s degree.
Overall, the data suggests that the demand for higher education will increase by 2023, which may mean increased opportunities for those currently seeking work. Furthermore, the data also suggests that many degrees, especially at the bachelor’s level, will be highly in-demand and potentially lucrative. This is certainly good news for those seeking higher education and eager to enter the job market.