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High-Skilled Careers and Expenses 6 th Grade High-Skilled Careers #2 (Microsoft, 2011a)

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Presentation on theme: "High-Skilled Careers and Expenses 6 th Grade High-Skilled Careers #2 (Microsoft, 2011a)"— Presentation transcript:

1 High-Skilled Careers and Expenses 6 th Grade High-Skilled Careers #2 (Microsoft, 2011a)

2 Pre-Test 1.What are the three main types of colleges? 2.For a family of four in the Twin Cities, what are the average monthly costs for necessities? 3.What is the approximate difference of income between a person with no high school diploma and a person with a professional degree?

3 Objectives 3 main types of colleges College degree by parent/child income Average expenses for necessities Income by education level Average expenses vs. income (Microsoft, 2011b)

4 Types of Colleges University or College: Bachelors degree – 4 Years – Computer Programming, Music, Education Community College: Associate degree – 2 Years – Physical Therapy, Pre-Engineering, General Studies Technical College: Associate degree – 2 Years – Electrician, Computer Support Specialists, Auto Mechanic, Video Production

5 College Degree: Parent/Child Income Source: The Brookings Institution: Economic Mobility Project, 2007

6 College Degree: Parent/Child Income

7 Why college degrees are important? Why do you think college degrees are so important in getting students to move out of the lower quintile income?

8 Average Expenses for Necessities Source: Economic Policy Institute

9 Income by Education Level U.S. Census Bureau, 2008

10 Average Expenses vs. Income Minneapolis expenses: $57,000 No high school diploma: $19,300 2 incomes - no diploma: $38,600 High school diploma: $30,800 2 incomes – HS graduate: $61,900 2 incomes – Bachelor’s degree: $111,200

11 What is the difference between 1.Expenses and the average annual salary of a person without a high school degree? 2.Expenses and the average annual salary of two people without a high school degree? 3.Expenses and the average annual salary of two people with a high school degree? 4.Expenses and the average annual salary of two people with a Bachelor’s degree?

12 Most Interesting to You Which of the previous screens are most interesting to you? Why? Previous Screens College Degree: Parent/Child Income Average Expenses for Necessities Income by Education Level Average Expenses vs. Income (Microsoft, 2011c)

13 Postsecondary Plan Updating Postsecondary Plan in Future Identifying Careers Of Interest – Annual Salary for Each Career

14 Post-Test 1.What are the three main types of colleges? 2.For a family of four in the Twin Cities, what are the average monthly costs for necessities? 3.What is the approximate difference of income between a person with no high school diploma and a person with a professional degree?

15 Review The three main types of colleges are: – 4-Year University or College – 2-Year Community College – 2-Year Technical College For a family of four in the Twin Cities – Average monthly costs for necessities is $4,500 dollars The approximate difference of annual income between a person with no high school diploma and a person with a professional degree – $86,000 dollars

16 References Microsoft Office Images. (2011a). Family of four. Retrieved from http://office.microsoft.com/en-us/images/people- CM079001925.aspx#ai:MP900422133 http://office.microsoft.com/en-us/images/people- CM079001925.aspx#ai:MP900422133 Microsoft Office Images. (2011b). Crossroads. Retrieved from http://office.microsoft.com/en-us/images/people- CM079001925.aspx#mt:0| http://office.microsoft.com/en-us/images/people- CM079001925.aspx#mt:0| Microsoft Office Images. (2011c). Money sail. Retrieved from http://office.microsoft.com/en-us/images/people- CM079001925.aspx#mt:0| http://office.microsoft.com/en-us/images/people- CM079001925.aspx#mt:0| The Brookings Institution: Economic Mobility Project, 2007 Economic Policy Institute: Monthly family budget U.S. Census Bureau, 2008


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