Is a degree worth it?

Thinking about studying but not sure if it's the right path for you? Find out with our Study Navigator.

Nearly three million students are currently enrolled at German universities. And yet many young people ask themselves after finishing school: is a degree actually worth it? And if so, which degree is worth it? What other advantages does studying bring?

Is a degree worth it financially?

According to the study "Bildung hat Zukunft" by the ifo Institute for Educational Economics, a university graduate earns around €400,000 more net over their lifetime compared to someone who completed a vocational apprenticeship. In general, a degree pays off compared to vocational training when you look at income over an entire working life. Graduates typically overtake former apprentices in earnings within just a few years. Professionals with a degree in economics or engineering often reach an above-average salary before their 30th birthday. Financially, the biggest returns come from degrees in natural sciences and economics (especially with an MBA), followed by psychology, politics, and teaching.

Those who choose the academic path will, according to the ifo study, typically find employment after graduating. The unemployment rate among university graduates is just 2.5%, compared to 7% for those with vocational training. For people without any professional qualification, the average unemployment rate is over 19%. A degree is therefore an important factor and a solid foundation for professional success.

Is it too late to study?

Some people feel too old at 30, while others don't feel ready until 40. What matters is that you figure out what feels right for you – and go for it.

According to the Federal Institute for Vocational Education and Training (BIBB), most participants in online degree programmes are between 35 and 49 years old.

Common barriers

One reason people hesitate to study later in life is concern about whether they can handle the workload. But today there are many different study formats that make it much easier for people with busy schedules to combine work and study.

Solutions

A hybrid programme allows students to attend lectures part-time in person and online, so they can continue working full-time alongside their studies. Some universities also offer courses that can be completed entirely online – ideal for anyone who wants more flexibility in their learning schedule.

Another factor that often holds people back is a lack of motivation or confidence. This can be overcome by seeking support and free advice from a professional study coach and setting realistic goals.

What do I need to start studying?

To begin a degree programme, certain entry requirements need to be met. In most cases, this means a university entrance qualification (Abitur or equivalent). However, there are also programmes that can be studied with a Fachhochschulreife or even without an Abitur – a completed vocational training followed by at least three years of professional experience can also qualify you. A professional advancement qualification such as a master craftsman's certificate can also serve as an entry requirement for a Bachelor's or Master's programme.

Some programmes require a specific grade point average (Numerus Clausus, NC). Of course, there are also programmes with no NC requirement – for example Business Psychology or Business Administration.

Specialising during your degree – a springboard for career and satisfaction

Choosing a specialisation during your studies is an excellent way to stand out from other graduates and show employers that you have particular skills and knowledge.

Key advantages:

1. Specialisation: Deepens your skills in a specific area, setting you apart from graduates who chose a more general path.
2. Career opportunities: Opens doors to better prospects. Employers value graduates with specific expertise and are willing to pay higher salaries.
3. Personal satisfaction: Helps you develop your passion for a particular subject area, leading to greater professional fulfilment.

Ways to specialise:

1. Additional modules in your field
2. Internships for practical experience
3. Research projects in some programmes

In 2022, particularly sought-after specialisations included MBA and General Management, Social Work with children and young people, and Business Administration with a focus on marketing and sales.

If you'd like to find out more about future-oriented specialisations, get in touch with our study coaches.

Networking and career opportunities: the underrated value of a degree

A degree offers not just a solid academic education but also the opportunity to build valuable connections during your studies. In the working world, building a strong professional network is essential for success.

During your studies, you have the chance to build relationships with fellow students, professors, and alumni. These contacts can be invaluable later on when it comes to finding a job or establishing yourself in an industry. Professors and alumni can offer valuable advice, help optimise your CV, or even write a letter of recommendation.

A degree – whether Bachelor's or Master's – also offers the opportunity to gain professional experience through internships or working student positions, especially if it's part-time. This helps you stand out in the application process and secure a permanent position more quickly.

In summary, a degree offers an invaluable opportunity to build a strong professional network and improve your career prospects.

Conclusion: Is a degree worth it? Yes.

Studying is absolutely worth it – the advantages speak for themselves:

• A degree is a prerequisite for certain professions, such as law, teaching, medicine, engineering, and psychology.
• Leadership positions in companies are usually filled by university graduates – meaning your promotion prospects within a company are significantly better.
• Graduates are the least likely to be affected by unemployment and enjoy a higher standing in society.
• A degree allows you to explore and deepen your personal interests.
• The intellectual skills and scientific working methods you develop during your studies are highly valued across many industries.
• Graduates have higher earning potential than those with vocational training.
• Part-time graduates in particular benefit twice over: they can directly connect theory and practice, and have professional experience to show immediately after graduating.
• Through networking opportunities during your studies, you build valuable connections for your career.

Interested in a future-oriented, part-time degree? Find out more about the study concept at GoVersity in Karlsruhe.