What will your child’s income trajectory look like after high school?
You want your child to have a secure future, so what’s the best choice you can help them make?
Below are three different career pathways your child could take:
Pathway 1: A warehouse job with a good hourly wage
Pathway 2: A 4-year degree from college
Pathway 3: Participate in an Externship, test drive a career before they commit to college, and learn the road map to success
The Warehouse Job:
- High hourly wage
- No qualifications
- No student debt to pay off
- Wage might not increase much over time
- The “buying power” of this wage will decrease over time
- Not much room for career growth
- They’ll still have to pay to gain new qualifications
Income trajectory over 10 years: It starts out well but there’s a limit long term
Many warehouse jobs provide a good starting hourly wage, maybe enough for your child to live independently and start saving. But what about in 10 years’ time? While the price of everything, from gas to a mortgage, keeps rising, your child’s wage probably won’t go up by much. Even if they start saving now, their buying power will go down over time. There may also be fewer opportunities for growth and personal development. Unless your child is lucky and their employer offers education incentives, their resume doesn’t become any more impressive over time. Plus, the job isn’t necessarily secure. For every robot introduced to the factory floor, 6 human jobs are lost. So, while the warehouse route could help your child earn and save in the short term, it’s not necessarily great for their long term prospects. Does that mean you should encourage them to get a college degree instead?
The College Route:
- Earn a degree, which many jobs require
- Gain knowledge in an area they’re passionate about
- Opportunity to live independently
- Meet new people and grow social & other life skills
- Up to $100K in student debt that will gain interest over time
- Not necessarily a straightforward career path after graduation
Income trajectory over 10 years: Up to $100K in student debt has a big impact of potential savings, and there’s no guarantee of employment
Have you discussed college with your child?
A college degree can feel like a guarantee: A future of secure, high-earning employment. But, in reality, there are no guarantees that a degree will lead to an income. For many graduates, they don’t. But those graduates still have a student loan to pay off. And student debt has an interest rate attached to it, so it will grow over time. If you aren’t in a position to help your child with the enormous cost of college tuition, they could be paying off that student loan for a long, long time, as the debt eats away their potential savings they could have otherwise put towards a down-payment on their first home. But can your child risk not going to college? Won’t that ruin their chance at a high paying, secure career? ,What if there was a different way to get that degree? A way that skips the debt part?
- Try-before-you-commit approach to a career
- Students can learn what the roadmap to career success looks like
- No large student debt (and a pathway to having a degree paid for by an employer)
- Valuable career growth while still in high school
Income trajectory over 10 years: With a pathway to starting salaries of $65K (and employers who may pay for college), more than enough for a stable financial future
Imagine if your child could test-drive a career before heading to college! That’s what we offer with our Externship program. Our Externships are designed to let students experience what it feels like to work in fast growing, forward-facing industries with high earning potential., such as cybersecurity. And we’ll show them the roadmap to getting hired. Our Discovery Cybersecurity Externship puts students to work with cybersecurity experts as part of a team, working on projects cybersecurity professionals face daily, such as:
- Analyzing a threat under pressure
- Preventing hackers from entering the network
- Finding a balance between privacy and security when protecting the nation
Your child will come away from the externship experience knowing what it feels like to work in cybersecurity. Along the way, they will make connections with cybersecurity professionals that can provide mentorship opportunities and gateways to future employment opportunities as they begin growing their professional network. After the Externship is over, the learning continues. We provide resources that help identify all the certifications your child will need to get hired. Once they have their foot in the door many companies provide incentives to keep learning, even paying for a 4-year college degree or a business degree to help your child keep growing professionally. And if cybersecurity is not for your child, we have other externships for similarly in-demand skills such as artificial intelligence, game design, and pitching a startup.