Nearly 30% of Americans with associate’s degrees now make more than those with bachelor’s degrees, according to Georgetown University’s Center on Education and the Workforce. In fact, other recent research in several states shows that, on average, community college graduates right out of school make more than graduates of four-year universities.
The average wage for graduates of community colleges in Tennessee, for instance, is $38,948 — more than $1,300 higher than the average salaries for graduates of the state’s four-year institutions. [...]
And while by mid-career, many bachelor’s degree recipients have caught up in earnings to community college grads, “the other factor that has to be taken into account is that getting a four-year degree can be much more expensive than getting a two-year degree,” Schneider says.
Another issue is that “mid-career” might not ever exist for many of today’s college graduates. But it’s worth noting that these sorts of comparisons aren’t apples to apples — not all degrees are created equal. That’s also the problem with most studies that show that people’s with bachelor’s degrees out earn those who don’t have one. Someone with an associate’s degree in HVAC repair may very well out earn someone with an art history degree, but someone with a computer science degree will likely out earn them both. But I like that this study supports the fact that there are alternatives to getting a four year degree just for the sake of earning it.