Earning prospects for Canadian graduates: 20 Year Study
Statistics Canada just reported the results of a new study providing insight to the Cumulative Earnings of Postsecondary Graduates Over 20 Years. The report followed 15,000 graduates over two decades (1991 to 2010) to determine short- and long term income prospects.
The early educational decisions of our youth affect their career development throughout their life. Decisions on pursuing post-secondary education or training in the trades have a significant impact on their earning potential. This report shows that post-secondary graduates tend to fare better in terms of labour force participation, unemployment, and earnings than those with lower levels of education.
Cumulative Earnings Report Highlight – Median cumulative earnings from 1991 to 2010 show that Bachelor’s degree and college graduates earned considerably more than did high school graduates.
|Bachelor’s degree||College certificate||High school diploma||Bachelor’s degree||College certificate||High school diploma|
|$ 1,517,200||$ 1,137,000||$ 882,300||$ 972,500||$ 643,200||$ 458,900|
Sources: Statistics Canada, 1991 Census–Longitudinal Worker File and CANSIM table 326-0021.