Should You Take a Gap Year Before University

University grads who took a break after high school earned 8% over their peers who went directly to university. The wage premiums for delayers who completed multiple degrees are higher still – 10 %  more for non-university grads,and 13%  more for those who graduated from university.

However, in order to earn more than -- or even as much as -- traditional university graduates, delayers had to be employed. University graduates who took a break and not work earned 20% less than those who went straight from high school to university.

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So if you’re in high school and considering a gap year, don’t go travelling in Europe but get a job or go directly to university.

Different Return on Investment for Different University Programs

You have seen several reports that conclude a return on your investment in higher education. Now new research has showed the impact of higher education on wages in certain jobs. First, it confirms that individuals with post-high school education almost always earn more than those with just high school. Secondly, “education remains an important factor in determining annual income or hourly wage, but the detail offered by these insights shows some of the potentially complicating factors,” the study says, adding that the results support the general expectation that more education and experience equals higher income.”
Read more in the Globe & Mail


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Women Reaping Higher Return on Investment in University Degree

Canadians with a university degree earn, on average, about 40% more than workers with only high school diplomas. However, this wage premium varies greatly depending on sex and age. Young men with degrees realize much smaller earnings advantages over other young men with lower levels of qualifications than highly education young women do over their less-educated peers.

Are the men aware of this variance? Could this explain why there are more women doing undergraduate degrees?

At University of Toronto, Canada's largest university, the male to female ratio is 44 to 56. Similiar ratios can be found at most Canadian universities. The notable exceptions are: Carleton University and Saint Mary's University both with a 50 to 50 ratio. The Royal Military College has a 78 to 22 male to female ratio (perhaps as expected) and the University of Ontario Institute of Technology reported a 59 to 41 ratio. Another outlier is Mount St. Vincent in Nova Scotia with a 22 to 78 ratio.

In a few years will universities attempt to admit a more gender-balanced incoming class? Only time will tell!

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