I'm considering going to a trade school after high school instead of college, but I'm curious about the financial side. Do trade jobs pay well, and how do they compare to other entry-level jobs I could start right after high school?
Entering the workforce with a trade can indeed be financially rewarding. Pay rates for trade jobs vary greatly depending on the specific trade, geographical location, and level of expertise, but many trade jobs offer competitive salaries, especially when compared to entry-level positions that require a bachelor's degree.
For example, electricians often make a median wage of over $56,000 per year, according to the U.S. Bureau of Labor Statistics. And that's just the median. Experienced electricians who specialize can make over $96,000 a year. Similarly, plumbers and pipefitters have a median wage of over $55,000 per year, and experienced professionals can make over $98,000.
These wages compare favorably with many entry-level positions that require a bachelor's degree. According to a report by the National Association of Colleges and Employers, the average starting salary for college graduates in fields like Humanities and Social Sciences is around $57,000. However, many entry-level jobs in these fields offer starting wages that are significantly lower.
Another financial aspect to consider is student loan debt. By attending a trade school, you are likely to accumulate much less student debt (if any at all) compared to attending a four-year college or university, which might make a significant difference in your financial wellbeing early in your career.
Also, keep in mind that with trade jobs, you generally start working and earning money sooner than those who attend a traditional four-year college.
So, while some bachelor's degree-required jobs have higher earning potential in the long run (depending largely on the field), starting in a trade can offer a strong financial start with potential for growth. Remember, the key is choosing a career path that aligns with your interests and life goals. If a trade interests you and you're willing to learn and be entrepreneurial, a trade job can offer a solid and rewarding career path.
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