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Becoming a leader in business is partly about your experience in the workplace, but it has been proven that even more than experience, education is the beneficial factor in determining your future in business management.
According to Investopedia, education is not only important for skilled workers but for the economical success of the country as a whole. A country that is governed by and employs trained and educated workers has a better chance to achieve success. It is seen that workers that are well-trained are more productive and therefore earn more than workers who have lower levels of training.
Therefore what do these benefits relay to the average worker? Well, statistics have proven that workers who have higher levels of education earn more because they are more valued as an employee. Employers prefer to hire workers who they don’t have to take a lot of time out to train, workers have an increasing amount of knowledge about the job, the industry and their role – and this mostly comes from education.
Research by Greenstone and Looney in 2011 of the Brookings Institution’s Hamilton Project revealed that benefits of a degree is equivalent to an investment that returns 15,2% annually. Also there is a difference of 65% earning power between employees with graduate degrees and those who simply have high school diplomas. The gap between the two education groups grow with higher levels of degrees and with age.
In the US it is also believes that higher education improves your chances of being employed, the unemployment rate for those with four or more years of college education is drastically lower than those with simply a high school education.
TopUniversities coined the phrase “the more you learn, the more you earn” and this is true and especially reassuring when you are shelling out money in order to pay for your education. The evidence clearly points to the fact that higher education pays off in regards to your salary and your professional life in general.
South African institution, Da Vinci Institute has been providing higher education focusing on managerial leadership development since 2003. They challenge their students to create relevant solutions to solve professional problems thus equipping them for their workplace. Da Vinci’s has aimed to produce students that are innovative thinkers and decision makers who are able to make a difference in the world and help develop a society that is sustainable.
Da Vinci’s offers a range of programs from their PhD programme which is aimed at senior managers and executives to the and focuses on candidates demonstrating their abilities to develop new concepts which can improve their businesses to the Bachelors of Commerce program that encourages candidates to identify performance challenges in their working environment and work on ways to solve it.
Over the first 11 years, Da Vinci’s has seen 11911 students graduate from the certificate programs right up to their PhD programmes. 76% of the students are over the age of 35 thus encouraging an open environment for older students to improve upon their business knowledge and seek higher education. The student population is also 46% female and 54% male depicting an equal space for both genders.
Find out more about Da Vinci Institute and how you can use education to better your professional life at their website.
References: Investopedia, TopUniversities
