When does a university degree really pay off?

A recent study of salaries for Calgary-based SAIT Polytechnic 2011 graduates conducted by Insightrix Research, Inc. for example, showed a median salary of $48,000 for full-time-training-related employment. Eighty-four per cent had found training-related employment, and a vast majority of those had stayed in Alberta.

The apprenticeship model in particular can pretty much pay for itself from the outset, Mr. Thorson contends. “Typically these programs take four or five years to complete because they require a combination of on-the-job training and education. During that time they get paid a salary that is about 60% of what a certified journey person would make. In some cases, their employers also pay for the cost of the educational portion of the training. When certified, starting salaries range from $40,000 to as much as $100,000 depending on the market demand and skill.”

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Source: Financial Post