Define Your Brand & Decide Your Career (UG)



By Rajkamal Rao  

Go Back to Our 7 Steps To Improve ROI For Undergrads


Going to college is one of the most meaningful decisions you will make in your life.  Once you decide college is the right thing for you, where to go to college and what to study are two major choices you will make - choices that will have a profound impact on your career.

To start, it makes sense to focus on who you are and what you want.  All the things that you do in this step can help you significantly throughout the process - and even beyond.  But it is also true that a lot of what you do in this step will change over time.  Someone who thinks she wants to be a nurse could change after two years of college leading her to pursue a medical program instead.

But don't worry too much about that now.  Let's focus on the basics. 
 
First, write down your strengths and what really differentiates you from your friends.  Perhaps you are strong in math.  Or you are good in the way you write.  Or you have excellent speaking skills based on all the compering you have done at school events.  Or you are a good organizer.  Or you have learned a foreign language and are good at it.  Or you are devoted to a social cause, such as working for a non-profit on weekends.

One of the world's most successful companies, Google, looks for key attributes in a future employee.  Although you are not applying to Google for a job, it can help to look at yourself through the Google lens.  These attributes are: technical ability; learning ability; emergent leadership (sense of ownership to step in) and intellectual humility to recognize the competence of others on the team to step back.

So, write down every positive thing about you that makes you proud of your accomplishments.

Next, demonstrate, don't just tell.  That is, for each positive thing you wrote about yourself, try to provide a concrete example.  If you claim you are good in writing, document the articles you wrote - including title and date.  If you think you are good in research, document the name of the teachers you conducted the research for and what you learned from the project.  Don't exaggerate your accomplishments just yet - be truthful.

In summary, what you are doing is building your "Personal Brand" which will ultimately result in your resume.  Your brand is your mark of distinction - a definition of who you are.  We all associate brands with some things that we like and some things that we don't.  For example, the moment one mentions a BMW automobile, you assign various attributes to it - it looks great, it is featured in James Bond movies, it is a symbol of luxury, it is superbly engineered - but the one factor that is universally associated with a BMW automobile is that it is pricey.  It has taken the BMW brand decades to build and nurture this identity.

You are just starting out, so this effort at defining your own brand is critical.   It will help you write your resume which is an important part of your college application and allows you to brag about your accomplishments. 

Building a personal brand 

A good framework for building your personal brand is to define yourself across four dimensions: 

·         Personal competencies - including how prompt you are, how organized you are, how well you interact with others, how helpful you are to others, skills in languages, etc.

·         Functional competencies - this includes how good you are in your core subjects, whether you are a big-picture person or a detail-oriented individual.

·         Technical competencies - including how good you are in the use of computers, office tools and software development.

·         Industry competencies - high students tend to be low in this dimension but if you have exposure to a particular industry - say healthcare  because you interned at a hospital - it is good to write this down.

The second part of this step is to know what you want to do in life.  You are allowed to dream here.  If you had a magic wand and you could get everything that you wanted, what would you want to be 5 years from now?  It's not good enough to say that you want to earn a lot of money, drive good cars, own a nice home and share it with someone you love. 

You must be as specific and honest as possible.  There is a time and a place to say what another person wants to hear about your plans but this is not it.  As we said, this exercise is almost like looking in the mirror:  you want to first understand what you want in life. 

It is fine if you don't have all the answers - but if you still need help about who you are and what you want to do, we introduce you to a free, quick, world-class method that will help.

The RIASEC model 

This method was first invented by John Holland, a psychologist and career counselor.  It revolves around a simple assessment that is designed to help people make educational and career decisions based on their interests.

Holland’s renowned Self-Directed Search requires people to answer yes or no to simple statements like "I understand the 'Big Bang' theory of the universe" and "I can refinish furniture or woodwork".  Using responses to 60 questions, Holland concluded that people could identify their strengths, weaknesses and size up the right career - and in our case, the right field of study to pursue in college.

Holland, who died in 2008, told the Johns Hopkins Gazette in 1997:  “These techniques are childlike because they're so simple.  Some scientists think that because this is so easy to understand, it can't amount to anything. In science there is often a sales mission, though people don't like to admit that.  In fact, anybody can get this message if they want it."

Although Holland was a professor emeritus at Johns Hopkins, he was awarded honorary doctorates by the University of Minnesota and the University of Nebraska for his work.  He received the American Psychological Association's Award for Distinguished Professional Contributions to Knowledge in 1994, and the Extended Research Award from the American Counseling Association in 1995.  For more information about this distinguished human scientist, visit the home page of the National Career Development Association and search for John Holland.

Holland became world famous for his simple RIASEC model.  He argued that people naturally fall into one or more of six types - the Realistic, Investigative, Artistic, Social, Enterprising or Conventional.   His assessment test helps a person recognize which bucket he or she falls in.  

Then, the model provides pointers about different career opportunities that he or she could pursue.  The best part of the Holland test is that there is no right or wrong answer, because, after all, each person is unique and different.  For the same reason, the test can be retaken multiple times without penalty.

Thanks to the US government, anyone can take this test for free and in the privacy of one’s own home.  We are big believers in using information put out by US government agencies whenever we can, because the information is accurate, reliable, generally unbiased and best of all - FREE.  The US government spends billions of our tax dollars in collecting, filtering, analyzing and publishing information. The private economy all over the world relies on information published by the US government for these very reasons.  Wall Street uses government numbers to make minute adjustments to its strategy of buying, selling and dealing.  Farmers use Department of Agriculture data for all things related to the growing cycle.  US consumers rarely buy a drug that is not approved by the Food and Drug Administration.  Information from the National Weather Service is used by broadcast and print media all over the country.

ONET Interest Profiler

The Department of Labor, Employment & Training Administration sponsors a world-class website called My Next Move.  This site contains an elegant online version of Holland’s test - called the ONET interest profiler - developed to serve students and career aspirants in today’s global economy.  But ONET is more than just this test as you will see in the coming chapters - it can serve as your one-stop shop for career planning not only now but even after you graduate from college.






Once you fill out radio button responses to the 60 questions on the ONET profiler, the results show your RIASEC score which should ordinarily confirm your interests.  If you answered “unsure” to too many questions, it may be a good idea to take the test again.  When you are comfortable that your RIASEC score indeed represents you, try and print it out - or save it electronically for future reference.

Next, the tool will take you to one of five Job Zones, which are groups of careers that need the same level of experience, education, and training, other things being equal.  You will be asked to pick a Job Zone.  Using your Job Zone and your interests, the Interest Profiler will help you identify and explore careers that might be right for you.



Occupations grouped by RIASEC code 

If you find that the interest profiler doesn’t give you all the careers that may be right for you, consult the following excellent list of occupations grouped by primary interest area thanks to the ONET website. 

Up to one hundred occupations per code are shown.  We copy and paste this information under fair use so that you can appreciate the research that has gone into this effort.  For more information on any specific occupation, click on the RIASEC code of interest.  Once you find an occupation of your liking, click on it again and the site provides you with a “Summary Report” - a world of additional information including the following:

Tasks  |  Tools & Technology  |  Knowledge  |  Skills  |  Abilities  |  Work Activities  |  Detailed Work Activities  |  Work Context  |  Job Zone  |  Education  |  Credentials  |  Interests  |  Work Styles  |  Work Values  |  Related Occupations  |  Wages & Employment  |  Job Openings  |  Additional Information

The “Interests” section repeats all the RIASEC codes for the occupation.  For example, for the occupation “Administrative Law Judges, Adjudicators, and Hearing Officers” the interest codes are listed as EIS (Enterprising, Investigative & Social).

Notice that this information is fairly static in the sense that it does not change dramatically from one year to the next.  In the next chapter, we will show you how to use government databases to find more dynamic information such as compensation levels that can be expected; how fast or slow the prospects for the career are; the industries that typically hire for such occupations, and the overall future job outlook.

Also, not all of these careers need a college degree.  For a subset of careers which does, please go to the next section.


REALISTIC CAREERS

Realistic occupations frequently involve work activities that include practical, hands-on problems and solutions.  They often deal with plants, animals, and real-world materials like wood, tools, and machinery.  Many of the occupations require working outside, and do not involve a lot of paperwork or working closely with others.

1.       Automotive and Watercraft Service Attendants          
2.      Continuous Mining Machine Operators   Green Occupation Green
3.      Cooks, Fast Food                
4.      Cooks, Short Order
5.      Counter Attendants, Cafeteria, Food Concession, and Coffee Shop
6.      Dining Room and Cafeteria Attendants and Bartender Helpers      
7.      Dishwashers            
8.     Farmworkers and Laborers, Crop           
9.      Farmworkers, Farm, Ranch, and Aquacultural Animals       
10.  Food Preparation Workers           
11.   Landscaping and Groundskeeping Workers     
12.  Nursery Workers    
13.  Roustabouts, Oil and Gas 
14.  Septic Tank Servicers and Sewer Pipe Cleaners           
15.   Taxi Drivers and Chauffeurs        
16.  Ambulance Drivers and Attendants, Except Emergency Medical Technicians      
17.   Biomass Plant Technicians  Green Occupation           
18.  Bus Drivers, School or Special Client     
19.  Cement Masons and Concrete Finishers  Green Occupation
20. Construction Carpenters  Green Occupation    
21.  Construction Laborers  Green Occupation       
22. Cooks, Restaurant  
23. Forest Firefighters
24. Geothermal Technicians  Green Occupation    
25.  Heavy and Tractor-Trailer Truck Drivers  Green Occupation           
26. Helpers--Production Workers     
27.  Industrial Truck and Tractor Operators  Green Occupation 
28. Insulation Workers, Floor, Ceiling, and Wall  Green Occupation    
29. Janitors and Cleaners, Except Maids and Housekeeping Cleaners   
30. Lifeguards, Ski Patrol, and Other Recreational Protective Service Workers         
31.  Maids and Housekeeping Cleaners         
32. Operating Engineers and Other Construction Equipment Operators  Green Occupation          
33. Parking Lot Attendants    
34. Recycling and Reclamation Workers  Green Occupation       
35.  Security Guards      
36. Solderers and Brazers  Green Occupation         
37.  Stock Clerks- Stockroom, Warehouse, or Storage Yard         
38. Team Assemblers  Green Occupation    
39. Tire Repairers and Changers        
40. Weatherization Installers and Technicians  Green Occupation       
41.  Automotive Master Mechanics   
42. Automotive Specialty Technicians  Green Occupation           
43. Computer User Support Specialists        
44. Electricians  Green Occupation   
45.  Electronics Engineering Technologists  Green Occupation   
46. Heating and Air Conditioning Mechanics and Installers  Green Occupation        
47.  Industrial Machinery Mechanics  Green Occupation 
48. Maintenance and Repair Workers, General  Green Occupation       
49. Manufacturing Production Technicians  Green Occupation 
50. Medical and Clinical Laboratory Technicians  
51.   Medical Equipment Repairers     
52.  Photonics Technicians  Green Occupation       
53.  Pipe Fitters and Steamfitters  Green Occupation        
54.  Plumbers  Green Occupation       
55.  Police Patrol Officers         
56.  Precision Agriculture Technicians  Green Occupation           
57.  Refrigeration Mechanics and Installers  Green Occupation  
58. Surgical Technologists      
59.  Telecommunications Engineering Specialists  
60. Welders, Cutters, and Welder Fitters  Green Occupation      
61.  Aerospace Engineering and Operations Technicians  
62. Airline Pilots, Copilots, and Flight Engineers  
63. Biological Technicians      
64. Cartographers and Photogrammetrists 
65.  Civil Engineers  Green Occupation         
66. Construction Managers  Green Occupation      
67.  Electrical Engineering Technologists  Green Occupation      
68. Electromechanical Engineering Technologists  Green Occupation 
69. Fish and Game Wardens Green Occupation     
70. Foresters      
71.   Freight and Cargo Inspectors       
72.  Manufacturing Engineering Technologists  Green Occupation        
73.  Manufacturing Engineers  Green Occupation  
74.  Museum Technicians and Conservators           
75.  Range Managers     
76.  Remote Sensing Technicians  Green Occupation        
77.  Security Management Specialists           
78. Surveyors     
79.  Transportation Engineers  Green Occupation  
80.Wind Energy Engineers  Green Occupation     
81.  Acupuncturists       
82. Anesthesiologist Assistants         
83. Architectural and Engineering Managers Green Occupation           
84. Environmental Engineers Green Occupation  
85. Environmental Restoration Planners  Green Occupation     
86. Farm and Home Management Advisors Green Occupation  
87. Geographers            
88.Human Factors Engineers and Ergonomists   
89. Materials Scientists Green Occupation  
90. Molecular and Cellular Biologists          
91.  Nurse Anesthetists            
92. Oral and Maxillofacial Surgeons 
93. Orthotists and Prosthetists          
94. Pathologists             
95.  Radiologists             
96. Remote Sensing Scientists and Technologists  Green Occupation  
97.  Soil and Plant Scientists Green Occupation     
98. Surgeons      
99. Veterinarians          
100.                     Zoologists and Wildlife Biologists Green Occupation            
    

INVESTIGATIVE CAREERS

Investigative — Investigative occupations frequently involve working with ideas and require an extensive amount of thinking.  These occupations can involve searching for facts and figuring out problems mentally.

1.       Continuous Mining Machine Operators   
2.      Derrick Operators, Oil and Gas
3.      Logging Equipment Operators
4.      Bicycle Repairers  
5.      Biomass Plant Technicians
6.      Brickmasons and Blockmasons
7.      Construction Carpenters
8.     Dental Laboratory Technicians
9.      Dietetic Technicians
10.  Earth Drillers, Except Oil and Gas
11.   Explosives Workers, Ordnance Handling Experts, and Blasters
12.  Helpers--Installation, Maintenance, and Repair Workers
13.  Insulation Workers, Mechanical
14.  Lathe and Turning Machine Tool Setters, Operators, and Tenders, Metal and Plastic
15.   Metal-Refining Furnace Operators and Tenders
16.  Non-Destructive Testing Specialists
17.   Operating Engineers and Other Construction Equipment Operators
18.  Pile-Driver Operators
19.  Recreational Vehicle Service Technicians
20. Reinforcing Iron and Rebar Workers
21.  Riggers
22. Rough Carpenters
23. Structural Iron and Steel Workers
24. Automotive Master Mechanics
25.  Automotive Specialty Technicians
26. Chemical Technicians
27.  Computer User Support Specialists
28. Coroners
29. Critical Care Nurses
30. Diagnostic Medical Sonographers
31.  Electricians
32. Emergency Medical Technicians and Paramedics
33. Fire Investigators
34. Industrial Engineering Technicians
35.  Industrial Machinery Mechanics
36. Mechanical Engineering Technologists
37.  Medical and Clinical Laboratory Technicians
38. Nuclear Medicine Technologists
39. Photonics Technicians
40. Precision Agriculture Technicians
41.  Quality Control Analysts
42. Registered Nurses
43. Veterinary Technologists and Technicians
44. Biochemical Engineers
45.  Biomedical Engineers
46. Business Intelligence Analysts
47.  Computer Systems Analysts
48. Energy Engineers
49. Geospatial Information Scientists and Technologists
50. Industrial Engineering Technologists
51.   Intelligence Analysts
52.  Logistics Engineers
53.  Management Analysts
54.  Market Research Analysts and Marketing Specialists
55.  Mechatronics Engineers
56.  Network and Computer Systems Administrators
57.  Photonics Engineers
58. Robotics Engineers
59.  Software Developers, Applications
60. Software Developers, Systems Software
61.  Transportation Planners
62. Validation Engineers
63. Water Resource Specialists
64. Allergists and Immunologists
65.  Audiologists
66. Biostatisticians
67.  Climate Change Analysts
68. Dermatologists
69. Environmental Restoration Planners
70. Geneticists
71.   Geographers
72.  Human Factors Engineers and Ergonomists
73.  Molecular and Cellular Biologists
74.  Nuclear Medicine Physicians
75.  Nurse Anesthetists
76.  Operations Research Analysts
77.  Optometrists
78. Orthoptists
79.  Pharmacists
80.Radiologists
81.  Sports Medicine Physicians
82. Surgeons
83. Veterinarians          


ARTISTIC CAREERS

Artistic occupations frequently involve working with forms, designs and patterns. They often require self-expression and the work can be done without following a clear set of rules.

1.       Furniture Finishers
2.      Models
3.      Actors
4.      Childcare Workers   Bright Outlook Bright Outlook  
5.      Craft Artists
6.      Floral Designers
7.      Public Address System and Other Announcers
8.     Sewers, Hand
9.      Shoe and Leather Workers and Repairers
10.  Singers
11.   Stone Cutters and Carvers, Manufacturing
12.  Tile and Marble Setters
13.  Cooks, Private Household
14.  Dancers
15.   Desktop Publishers
16.  Fashion Designers
17.   Film and Video Editors
18.  Fine Artists, Including Painters, Sculptors, and Illustrators
19.  Hairdressers, Hairstylists, and Cosmetologists Bright Outlook
20. Jewelers
21.  Makeup Artists, Theatrical and Performance
22. Merchandise Displayers and Window Trimmers
23. Music Composers and Arrangers
24. Musical Instrument Repairers and Tuners
25.  Musicians, Instrumental
26. Nannies Bright Outlook
27.  Photographers
28. Potters, Manufacturing
29. Precious Metal Workers
30. Preschool Teachers, Except Special Education Bright Outlook
31.  Radio and Television Announcers
32. Self-Enrichment Education Teachers
33. Tailors, Dressmakers, and Custom Sewers
34. Architects, Except Landscape and Naval    Occupation
35.  Architectural Drafters  Occupation
36. Art Directors
37.  Broadcast News Analysts
38. Choreographers Bright Outlook
39. Commercial and Industrial Designers  Occupation
40. Editors
41.  Elementary School Teachers, Except Special Education Bright Outlook
42. Graphic Designers
43. Interior Designers
44. Interpreters and Translators Bright Outlook
45.  Landscape Architects  Occupation
46. Multimedia Artists and Animators
47.  Music Directors
48. Poets, Lyricists and Creative Writers
49. Public Relations Specialists  Occupation
50. Reporters and Correspondents  Occupation
51.   Technical Writers
52.  Training and Development Specialists  Occupation
53.  Video Game Designers Bright Outlook
54.  Anthropologists
55.  Architecture Teachers, Postsecondary
56.  Art, Drama, and Music Teachers, Postsecondary
57.  Astronomers
58. Biochemists and Biophysicists
59.  Communications Teachers, Postsecondary
60. Counseling Psychologists
61.  Education Teachers, Postsecondary
62. English Language and Literature Teachers, Postsecondary
63. Foreign Language and Literature Teachers, Postsecondary
64. Geneticists Bright Outlook
65.  Geographers Bright Outlook
66. Marriage and Family Therapists Bright Outlook
67.  Medical Scientists, Except Epidemiologists
68. Mental Health and Substance Abuse Social Workers Bright Outlook
69. Neuropsychologists and Clinical Neuropsychologists Bright Outlook
70. Philosophy and Religion Teachers, Postsecondary
71.   Political Scientists
72.  Set and Exhibit Designers
73.  Sociologists


SOCIAL CAREERS

Social occupations frequently involve working with, communicating with, and teaching people. These occupations often involve helping or providing service to others.

1.       Counter Attendants, Cafeteria, Food Concession, and Coffee Shop             
2.      Crossing Guards     
3.      Dining Room and Cafeteria Attendants and Bartender Helpers      
4.      Food Servers, Nonrestaurant      
5.      Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop             
6.      Waiters and Waitresses    
7.      Ambulance Drivers and Attendants, Except Emergency Medical Technicians      
8.     Animal Control Workers  
9.      Bus Drivers, Transit and Intercity   Green Occupation Green          
10.  Childcare Workers
11.   Customer Service Representatives  Green Occupation           
12.  Dietetic Technicians          
13.  Forest Firefighters             
14.  Funeral Attendants           
15.   Home Health Aides           
16.  Hotel, Motel, and Resort Desk Clerks    
17.   Lifeguards, Ski Patrol, and Other Recreational Protective Service Workers         
18.  Locker Room, Coatroom, and Dressing Room Attendants   
19.  Nursing Assistants
20. Personal Care Aides           
21.  Physical Therapist Aides   
22. Psychiatric Aides    
23. Public Address System and Other Announcers           
24. Receptionists and Information Clerks   
25.  Telephone Operators         
26. Transportation Attendants, Except Flight Attendants           
27.  Ushers, Lobby Attendants, and Ticket Takers  
28. Acute Care Nurses  
29. Concierges   
30. Critical Care Nurses           
31.  Dental Hygienists   
32. Emergency Medical Technicians and Paramedics       
33. Licensed Practical and Licensed Vocational Nurses   
34. Massage Therapists            
35.  Medical Assistants
36. Nannies        
37.  Occupational Therapy Aides         
38. Occupational Therapy Assistants            
39. Physical Therapist Assistants      
40. Preschool Teachers, Except Special Education
41.  Radiation Therapists         
42. Registered Nurses  
43. Residential Advisors          
44. Self-Enrichment Education Teachers    
45.  Speech-Language Pathology Assistants
46. Teacher Assistants
47.  Tour Guides and Escorts  
48. Adapted Physical Education Specialists
49. Child, Family, and School Social Workers        
50. Coaches and Scouts            
51.   Community Health Workers       
52.  Education Administrators, Preschool and Childcare Center/Program      
53.  Emergency Management Directors        
54.  Equal Opportunity Representatives and Officers         
55.  Health Educators   
56.  Informatics Nurse Specialists      
57.  Middle School Teachers, Except Special and Career/Technical Education
58. Midwives      
59.  Park Naturalists     
60. Patient Representatives    
61.  Probation Officers and Correctional Treatment Specialists  
62. Recreation Workers           
63. Recreational Therapists    
64. Secondary School Teachers, Except Special and Career/Technical Education       
65.  Training and Development Specialists Green Occupation     
66. Acupuncturists       
67.  Advanced Practice Psychiatric Nurses   
68. Arbitrators, Mediators, and Conciliators Green Occupation 
69. Athletic Trainers    
70. Clergy
71.   Counseling Psychologists 
72.  Exercise Physiologists       
73.  Farm and Home Management Advisors Green Occupation  
74.  Healthcare Social Workers           
75.  Hospitalists  
76.  Low Vision Therapists, Orientation and Mobility Specialists, and Vision Rehabilitation Therapists    
77.  Marriage and Family Therapists
78. Mental Health and Substance Abuse Social Workers
79.  Mental Health Counselors           
80.Nurse Midwives      
81.  Nurse Practitioners           
82. Nursing Instructors and Teachers, Postsecondary      
83. Occupational Therapists   
84. Physical Therapists            
85. Physician Assistants          
86. Preventive Medicine Physicians  
87. Substance Abuse and Behavioral Disorder Counselors         
    
ENTERPRISING CAREERS

Enterprising occupations frequently involve starting up and carrying out projects. These occupations can involve leading people and making many decisions.  Sometimes they require risk taking and often deal with business.

1.       Amusement and Recreation Attendants           
2.      Bridge and Lock Tenders  
3.      Cashiers        
4.      Combined Food Preparation and Serving Workers, Including Fast Food 
5.      Counter and Rental Clerks           
6.      Counter Attendants, Cafeteria, Food Concession, and Coffee Shop             
7.      Crossing Guards     
8.     Food Servers, Nonrestaurant      
9.      Hosts and Hostesses, Restaurant, Lounge, and Coffee Shop
10.  Models          
11.   Taxi Drivers and Chauffeurs        
12.  Waiters and Waitresses    
13.  Aircraft Cargo Handling Supervisors     
14.  Bartenders   
15.   Cement Masons and Concrete Finishers    Green Occupation Green          
16.  Customer Service Representatives  Green Occupation           
17.   Demonstrators and Product Promoters
18.  Door-To-Door Sales Workers, News and Street Vendors, and Related Workers  
19.  Driver/Sales Workers       
20. Farm Labor Contractors   
21.  First-Line Supervisors of Food Preparation and Serving Workers  
22. First-Line Supervisors of Housekeeping and Janitorial Workers    
23. First-Line Supervisors of Logging Workers Green Occupation        
24. First-Line Supervisors of Production and Operating Workers Green Occupation           
25.  First-Line Supervisors of Retail Sales Workers           
26. First-Line Supervisors of Transportation and Material-Moving Machine and Vehicle Operators           
27.  Gaming Supervisors          
28. Parts Salespersons 
29. Railroad Conductors and Yardmasters Green Occupation    
30. Retail Salespersons            
31.  Stock Clerks, Sales Floor 
32. Telemarketers         
33. Ushers, Lobby Attendants, and Ticket Takers  
34. Chefs and Head Cooks       
35.  Customs Brokers    
36. First-Line Supervisors of Construction Trades and Extraction Workers   
37.  First-Line Supervisors of Landscaping, Lawn Service, and Groundskeeping Workers    
38. First-Line Supervisors of Mechanics, Installers, and Repairers  Green Occupation         
39. First-Line Supervisors of Office and Administrative Support Workers      
40. First-Line Supervisors of Personal Service Workers  
41.  Food Service Managers     
42. Forest Fire Fighting and Prevention Supervisors       
43. Geothermal Production Managers  Green Occupation          
44. Nursery and Greenhouse Managers       
45.  Opticians, Dispensing        
46. Real Estate Sales Agents   
47.  Sales Agents, Financial Services  
48. Sheriffs and Deputy Sheriffs        
49. Ship and Boat Captains     
50. Solar Sales Representatives and Assessors  Green Occupation         
51.   Spa Managers          
52.  Wholesale and Retail Buyers, Except Farm Products Green Occupation   
53.  Biomass Power Plant Managers  Green Occupation   
54.  Brownfield Redevelopment Specialists and Site Managers  Green Occupation     
55.  Business Continuity Planners     
56.  Clinical Research Coordinators   
57.  Construction Managers  Green Occupation      
58. Financial Managers, Branch or Department    
59.  General and Operations Managers  Green Occupation          
60. Human Resources Specialists      
61.  Information Technology Project Managers      
62. Insurance Sales Agents     
63. Logisticians
64. Loss Prevention Managers           
65.  Meeting, Convention, and Event Planners       
66. Personal Financial Advisors  Green Occupation          
67.  Property, Real Estate, and Community Association Managers         
68. Real Estate Brokers           
69. Regulatory Affairs Managers  Green Occupation         
70. Sales Agents, Securities and Commodities       
71.   Sales Managers       
72.  Security Managers
73.  Supply Chain Managers  Green Occupation      
74.  Sustainability Specialists  Green Occupation   
75.  Administrative Law Judges, Adjudicators, and Hearing Officers     
76.  Arbitrators, Mediators, and Conciliators Green Occupation
77.  Architectural and Engineering Managers Green Occupation           
78. Chief Executives     
79.  Chief Sustainability Officers  Green Occupation          
80.Climate Change Analysts  Green Occupation   
81.  Clinical Nurse Specialists  
82. Curators       
83. Distance Learning Coordinators
84. Education Administrators, Elementary and Secondary School        
85. Education Administrators, Postsecondary       
86. Environmental Economists  Green Occupation          
87. Industrial-Organizational Psychologists           
88.Instructional Designers and Technologists      
89. Judges, Magistrate Judges, and Magistrates     
90. Lawyers        
91.  Medical and Health Services Managers
92. Natural Sciences Managers Green Occupation
93. Treasurers and Controllers          
94. Urban and Regional Planners Green Occupation        
    
    
CONVENTIONAL CAREERS

Conventional occupations frequently involve following set procedures and routines. These occupations can include working with data and details more than with ideas. Usually there is a clear line of authority to follow.

1.       Amusement and Recreation Attendants      
2.      Automotive and Watercraft Service Attendants
3.      Cashiers
4.      Combined Food Preparation and Serving Workers, Including Fast Food
5.      Continuous Mining Machine Operators   Green Occupation Green
6.      Cooks, Fast Food 
7.      Cooks, Short Order
8.     Counter and Rental Clerks
9.      Dining Room and Cafeteria Attendants and Bartender Helpers 
10.  Dishwashers 
11.   Food Preparation Workers 
12.  Graders and Sorters, Agricultural Products
13.  Landscaping and Groundskeeping Workers 
14.  Slaughterers and Meat Packers
15.   Bill and Account Collectors
16.  Billing, Cost, and Rate Clerks
17.   Cargo and Freight Agents
18.  Dispatchers, Except Police, Fire, and Ambulance Green Occupation
19.  Gaming Change Persons and Booth Cashiers
20. Gaming Dealers
21.  Helpers--Production Workers 
22. Hotel, Motel, and Resort Desk Clerks
23. Inspectors, Testers, Sorters, Samplers, and Weighers  Green Occupation
24. Janitors and Cleaners, Except Maids and Housekeeping Cleaners 
25.  Marking Clerks
26. Office Clerks, General
27.  Order Fillers, Wholesale and Retail Sales
28. Pharmacy Aides
29. Photographic Process Workers and Processing Machine Operators
30. Police, Fire, and Ambulance Dispatchers
31.  Postal Service Mail Carriers
32. Receptionists and Information Clerks
33. Reservation and Transportation Ticket Agents and Travel Clerks
34. Shipping, Receiving, and Traffic Clerks  Green Occupation
35.  Statement Clerks
36. Stock Clerks, Sales Floor
37.  Stock Clerks- Stockroom, Warehouse, or Storage Yard 
38. Tellers
39. Tire Repairers and Changers
40. Ushers, Lobby Attendants, and Ticket Takers
41.  Bookkeeping, Accounting, and Auditing Clerks
42. Dental Assistants
43. Energy Auditors  Green Occupation
44. Executive Secretaries and Executive Administrative Assistants
45.  Immigration and Customs Inspectors
46. Licensing Examiners and Inspectors
47.  Loan Officers
48. Mapping Technicians
49. Medical Records and Health Information Technicians
50. Medical Secretaries
51.   Occupational Health and Safety Technicians Green Occupation
52.  Ophthalmic Medical Technicians
53.  Ophthalmic Medical Technologists
54.  Pharmacy Technicians
55.  Phlebotomists
56.  Police Identification and Records Officers
57.  Production, Planning, and Expediting Clerks Green Occupation
58. Quality Control Analysts
59.  Secretaries and Administrative Assistants, Except Legal, Medical, and Executive
60. Web Administrators
61.  Accountants
62. Actuaries
63. Auditors
64. City and Regional Planning Aides
65.  Clinical Data Managers
66. Compliance Managers  Green Occupation
67.  Cost Estimators
68. Database Administrators
69. Document Management Specialists
70. Financial Analysts  Green Occupation
71.   Geophysical Data Technicians Green Occupation
72.  Information Security Analysts
73.  Library Technicians
74.  Logistics Analysts  Green Occupation
75.  Proofreaders and Copy Markers
76.  Regulatory Affairs Specialists  Green Occupation
77.  Risk Management Specialists  Green Occupation
78. Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products
79.  Social and Human Service Assistants
80.Social Science Research Assistants
81.  Archivists
82. Bioinformatics Scientists 
83. Biostatisticians 
84. Chief Executives
85. Chief Sustainability Officers  Green Occupation
86. Curators
87. Distance Learning Coordinators 
88.Economists
89. Education Administrators, Postsecondary
90. Environmental Economists  Green Occupation
91.  Graduate Teaching Assistants
92. Judicial Law Clerks
93. Librarians
94. Mathematicians 
95.  Medical and Health Services Managers 
96. Operations Research Analysts 
97.  Pharmacists 
98. Statisticians
99. Survey Researchers
100.                     Treasurers and Controllers          
    
    

Occupations defined by multiple RIASEC codes 

While many careers listed above have a one-to-one relationship between RIASEC code and the occupation, some have a one-to-many relationship.  For example, a veterinarian has both Realistic and Investigative traits - and one can see that this makes sense.

Your RIASEC score will show you if you have traits that flow across multiple codes.   At the ONET website, you can choose them as additional filters to find the most targeted careers.  To test this out, go to the website and choose Conventional, Realistic and Social as your three interest area codes.  This will result in 19 occupations as follows:

1.       Dining Room and Cafeteria Attendants and Bartender Helpers     
2.      Library Assistants, Clerical
3.      Postal Service Clerks
4.      Telephone Operators
5.      Nursing Assistants
6.      Animal Control Workers
7.      Personal Care Aides
8.     Psychiatric Aides
9.      Dental Assistants
10.  Pharmacy Technicians
11.   Ophthalmic Medical Technicians
12.  Surgical Assistants
13.  Magnetic Resonance Imaging Technologists
14.  Radiologic Technicians
15.   Medical Assistants
16.  Surgical Technologists
17.   Dental Hygienists
18.  Radiation Therapists
19.  Audio-Visual and Multimedia Collections Specialists

Occupations needing a college degree

Of the 500 or so careers grouped by RIASEC interest, it is clear that not every occupation requires a college degree.  This site is about college selection, so we need to map your RIASEC interest to a career that needs a college degree.

Luckily, ONET also classifies careers in to “Job Zones”, which are really descriptions of how “prepared” one must be to do a job.  

For example, many occupations in the restaurant industry (Fast Food Cook, Dishwashers, Waiters and Cafeteria Attendants) do not need a lot of preparation and training.  They certainly don’t demand a college degree; in fact, they don’t even need a high school degree which is why many high school students work these jobs in the summer to earn some extra cash.  Such jobs are classified as being in Job Zone 1.

At the other end of the spectrum, you have certain jobs (Brain Surgeon, Economics Professor, Lawyer, Astronaut and Scientist) that need a lot of education, training and experience - and these are classified to be in Job Zone 5.

By filtering careers based on Job Zones, we can eliminate those that do not need a college degree.  Conversely, we are only interested in Job Zones 4 & 5, because they generally require at least a Bachelor’s degree.  



By filtering all RIASEC careers by Job Zones Four and Five results in 224 occupations for Job Zone Four - from Accounts to Wind Energy Engineers - and 157 occupations from Job Zone Five - from Acupuncturists to Zoologists and Wildlife Biologists.  Together, these result in 381 careers for which a college degree is highly preferred.

Summary.  This page describes how to define your interests and introduces you to a world-class set of tools to shed some light on who you are, which careers you may enjoy and which ones need a college degree.  The ONET database will give you accurate information about each occupation you select including the minimum education necessary to be successful.

All of these data points will give you strong indications about what you may want to study in college.   As we said before, a student who knows what he/she wants to study and concentrates on a defined path is more likely to graduate in 4 years, thereby improving ROI.

And improving ROI is the primary goal of our site.







A Note About Rao Advisors Premium Services
Our promise is to empower you with as much high-quality, ethical and free advice as is possible via this website.  But parents and students often ask us if they can engage with us for individual counseling sessions.

Individual counseling is part of the Premium Offering of Rao Advisors and involves a fee.  Please  contact us for more information.

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Exciting offers for low and middle-income families



By Rajkamal Rao  

Go Back to Our 7 Steps To Improve ROI For Undergrads

"If you’re making less than $100,000 per year as a family, you tend to not pay much of anything in tuition costs anyway - it is cheaper than going to a state school.”  -  Peter Cappelli, Professor of Management, University of Pennsylvania.

In recent years, many colleges have expanded their outreach to low and middle-income families by offering extremely generous tuition discounts, sometimes over 90%.  Of course, students from these families must still get in through the normal admissions process.  In the chart below, a low income student admitted to Harvard can get a discount of 96%!  Rules about how to define low income vary, but a family which earns less than $60,000 may qualify.

Source:  US Department of Education, College Scorecard

The New York Times Upshot column has also included many public universities in its list of colleges that do their best to attract low and middle income students.




A Note About Rao Advisors Premium Services
Our promise is to empower you with as much high-quality, ethical and free advice as is possible via this website.  But parents and students often ask us if they can engage with us for individual counseling sessions.

Individual counseling is part of the Premium Offering of Rao Advisors and involves a fee.  Please  contact us for more information.

Go back to "Rao Advisors - Home".

Keep a laser-like focus on costs



By Rajkamal Rao  


Go Back to Our 7 Steps To Improve ROI For Undergrads

Primer on US College Costs

US college costs can be broken down mainly into the following categories:  application fees, tuition, books, test fees (SAT/GRE/TOEFL), test preparation fees, other administrative fees, housing, visa fees, food, health insurance and transportation (both to get to the US and local transportation costs once in the US).  Many of these fees are start up expenditures and are neither trivial nor refundable.  Good examples here are the application fee, your test fees or the US visa fee.  Here's a four year graphic for Texas A & M in College Station, Texas.



 As you can see, the two largest components of US college education are tuition fees and living expenses (housing and food).  

Credit Hours and Tuition Fees

A credit hour simply represents one hour of class per week for one term or semester.  Most US schools break up an academic year into semesters (Fall, Spring, Summer) and each semester generally is 16 weeks long.  For example, the Fall semester typically starts the last week of August and runs through the third week of December.


Let's say you sign up for a class that awards you 3 Semester Credit Hours (SCH).  What this means is that for the next 16 weeks, you will meet your professor in class (lecture or lab) for 3 hours a week.  Perhaps you meet twice a week for a 1 hour 20 minute class; or you meet for a full long 3-hour class in the evening (with two 10-minute breaks included).  The idea is that you will receive 16 x 3 = 48 hours of instruction for that class throughout the semester.  If your semester is shorter (as in the Summer when there are fewer weeks in the calendar), you will simply end up meeting for more classes during the week.



Colleges charge their fees based on credit hours.  If the out-of-state tuition costs for a semester hour are $400, it means that you will pay $1,200 to sign up for this 3 SCH class.  Note that at US Public universities, residents who live in the state are provided huge discounts in tuition costs of up to 50%, sometimes more.  That is, for the same class, your friend who sits next to you and has lived in the state with his family for many years may only pay $200 per credit hour for a total cost of only $600.  This differential pricing is annoying but unfortunately a fact of US academic life.

Most states require people to have paid taxes for at least one year before they can qualify for in-state fees.  Private schools do not discriminate in their fees - all students, resident, non-resident or international pay the same fees.

We now know how much tuition you will pay to complete a single class.  But how much will you spend to earn a full degree? A typical four-year BA/BS degree will require you to complete 120 credit hours. So, at $400 per credit hour, this works out to $48,000 for the entire degree - approximately $12,000 per year.

Some schools do the math for you and publish fees for the semester (or year) assuming that you will complete 15 credit hours per semester/30 credit hours a year.  For example, the University of Texas in Dallas (a Public university) charges in-state tuition of $5,903 for the Fall semester but an out-of-state tuition of $15,189 per year - a discount of 61% for residents.

What if you are interested in Graduate School to earn a MS/ME degree?  Luckily the principle is the same.  You pay by the credit hour.  Each class is typically 3 SCH (some, like a Masters thesis could be 6 SCH).  Most MS degrees are awarded if you complete 36 SCH - that is, 12 Masters level courses if you don't pursue a thesis.  At UT Dallas, an international student pursuing a MS degree would pay $4,138 per course - and nearly $50,000 for a 12-course Masters degree.

Credit Hour Transfers

Most colleges and universities honor credit hours earned at other colleges and universities, with some limitations.  For an MS degree, up to 9 credit hours earned at another US institution could be transferred although some schools limit this to just 6 credit hours.  What this means is that if you attend University A in the Fall semester and sign up for three classes (each with three credit hours), you could potentially transfer to University B for the Spring semester with all those 9 credit hours in tact.  Your new school will recognize those hours but won't assign a grade to them when you receive your degree.

For BA/BS degrees, transfer programs especially from 2-year community colleges are a lot more lenient and well defined.  In other words, you could attend a 2-year community college where tuition rates are much lower and complete up to 60 credit hours - half the needed credit hours to graduate - and transfer all those credits to a 4-year college.

We will now look at ideas to lower your cost of attending college.  A lower starting cost results in lower borrowed amounts and a quicker payback of the loan resulting in higher ROI.

The three most obvious ways to lower how much you pay for college are to somehow negotiate a better deal with a school or obtain a better financial aid package from it or other private sources (scholarships, work-study, etc) or both.  Financial aid for US students is mostly need-based although a few merit-based programs are available.  There are many books that you can consult to maximize your award - in fact, the best person to help you get started would be your high school guidance counselor.

We provide four additional ideas which work well for all students, needy or not.  


1.  Exploiting articulation agreements between two and four-year colleges  

A little known secret, indeed jewel, in the American education system is its two-year community colleges.  This system truly has no parallel in the world.

Community colleges are the next level up from K-12 education and are found just about everywhere, generally, at least one community college per county.  The mission of community colleges has always been the same - to provide education for individuals, many of whom are adults, in its service region.  As the US economy ebbs and flows, as US jobs are outsourced to other nations, as job retraining becomes a critical need - community colleges play a vital role in imparting continuing education to American citizens.  And they get lots of money from the state and federal government to conduct their mission.

The facilities are excellent - though not as good as one would find at a 4-year university - but compellingly impressive for an incoming student.  Community colleges are a great way to test-drive a 4-year college to see if college is indeed the right choice for you.  Professors are not as qualified as at a 4-year university (most community college lecturers have no more than a Masters degree) but their commitment to teaching is generally excellent.  Many teachers have day jobs working full time in industry and return to the community college in the evening to teach.  In fact, many students who attend college are working full time in industry but are catching up on college credits to earn towards a four-year degree.  The focus therefore is not on partying or having fun - but instead on learning and getting home to their families after they are done in class.   

The best kept secret yet is that most good community colleges have articulation agreements with top schools.  An articulation agreement is a legally binding agreement between a 2-year community college and a 4-year college detailing a simplified but guaranteed transfer from one to the other.

The idea of articulation is that you complete a pre-determined set of courses (or lesson plan) at a lower-cost college and transfer to a destination institution without questions asked (as long as you meet all conditions of articulation).

Suppose you are interested to get a degree in Biomedical Sciences at the prestigious Texas A&M University.  What are your chances of getting into Texas A&M as a traditional undergrad?  Even if you rate your chances as high, what would be the cost?

At Austin County Community College (ACCC), an in-district Texas resident pays $255 for a three credit hour course.  The same costs $1,400 at Texas A&M, more than 5 times as much.

Luckily for us, ACCC and Texas A&M have signed a binding agreement.  Accordingly, if a student completes a pre-determined list of courses at ACCC totaling 67 credit hours, obtains at least a 3.6 GPA and doesn't score lower than a B in science and math, this student is automatically guaranteed admission to Texas A&M!

Let us look at the ROI analysis for an in-state student.  For this exercise, we are only considering tuition and fees but omitting all other expenses (living, health insurance, transportation, etc).

Traditional Option:  Complete 67 Credit Hours at Texas A&M
Total Cost: $27,970.36
[$5057.09 for 12 credit hours x 5; plus $2,684.91 for 7 credit hours]

Articulation Option:  Complete 67 hours at Austin CCC
Cost at ACCC: $5,695 ($85 per credit hour x 67 credits)

We calculate that over four years, your savings are $22,275 resulting in at least a 4% uptick in ROI, all other things being equal.  Plus it was probably easier and more structured to get in to TAMU to begin with - without the pressure of taking SATs and other college tests.  You earn an Associate’s degree along the way which you can add to your resume.  And this is a win-win strategy because your 4-year degree will still be stamped by Texas A&M.  Many famous Americans have exploited this route, so you won't be alone.

There is just one issue with this approach, though.  Not every four-year college has articulation agreements with community colleges.  And by definition, articulation agreements are restricted to partners within a state - that is, the community college and the four-year college both are generally present within the same state making transferring across state lines difficult.

Recognizing this gap, Quad Learning, a private company has slowly begun developing a network of community colleges and four-year colleges across the country, called American Honors.  The site's mission statement says: "In collaboration with local community colleges and nationally renowned experts in higher education, we create new pathways for individuals to earn a high-quality bachelor’s degree."

The New York Times reports that at the community colleges participating so far, students in the honors program pay about $2,000 per year more in tuition than their classmates. Quad Learning has long-term revenue-sharing agreements with each college.  “We like to think about the price as being halfway between a community college and a four-year, open-access university,” said Chris Romer, president of the company. “If we can do the first two years of college for $12,000, that’s a game changer for a lot of families.”  Partner schools include Ohio State, Vanderbilt, Stanford, the University of Arizona and Georgetown.

No matter which approach you choose - the in-state articulation method or the American Honors route - the win-win benefits are clear.  You can more easily get into a top quality degree program but at a significant discount.

2.  State merit-based, no-questions-asked financial aid  

In recent years states like Georgia, Tennessee, Florida, New Mexico and West Virginia have begun to offer innovative programs typically based on state lottery revenues which, for qualifying students, can pay 90% of the cost of tuition at a public school for students that graduate from the state.  Unlike most other scholarships which distribute funds from a limited pot of money so that the number of awardees is also limited, these programs make awards to any student who qualifies.  In effect, this is an entitlement.

Georgia's HOPE Scholarship is available to Georgia residents who have demonstrated academic achievement and who wish to study in a college or university in Georgia.  Essentially, a student who wins this scholarship pays nothing in tuition. 

If you happen to live in a Platinum, Gold, Silver or Bronze state that also happens to offer scholarships such as Georgia’s, the ROI will be outstanding.  Not only will you pay very little to attend college, but the state’s economic might will help you start a promising career fairly easily.   

3.  Work-study based colleges  

The College of the Ozarks, a Christian school in Point Lookout, MO has a unique model.  You agree to work while you study and the college doesn’t charge you any tuition at all so that you graduate debt-free.  The work is coordinated by work supervisors on campus.  Students work 15 hours per week, and two 40-hour work-weeks during the academic year.  If students participate in the summer work program, these hours are applied toward room and board charges for the upcoming academic year, so even your cost of attendance is essentially paid off.

Other examples of schools that follow this model are little known institutions such as Berea College or Alice Lloyd College.

4.  Studying Abroad  

Studying abroad is not for everyone but it is definitely an option to place on a college-bound student’s table.  For students who are interested in a foreign language such as German, French, Chinese, Japanese, Portuguese or Spanish, for example - studying abroad is the way to go.  The ability for them to get immersed in the foreign country’s culture, history, and society when studying, living and perhaps working is unsurpassed. 

The desire to learn a foreign language really well is not the only reason to consider studying abroad, however.  In some fields, there really is no better option.  If you are into science, automotive engineering, the environment, heavy machinery or green energy, Japan and Germany are the places to go to.  If you are interested in literature, history or philosophy, consider a university in France.  If art, sculpture and Renaissance-era paintings are what interest you, there’s no better place than Italy.

According to Fox News, the Institute of International Education is working to double the number of US students studying abroad by 2019.  To reach the goal, IIE will focus on recruiting more low-income students and others who have not participated in high numbers. Already, 160 US colleges and universities have committed to participate.  The campaign, dubbed Generation Study Abroad, seeks to have 600,000 U.S. students studying abroad annually in five years in either credit or noncredit programs — compared with the 295,000 students who did so in the 2011-12 school year.

Until about ten years ago, studying in a foreign country meant that you had to learn in that country’s language.  But in recent years foreign universities have recognized the need to offer programs in English as English has slowly taken hold as the international language of choice.  These countries always had generous programs to subsidize tuition or even eliminate it for their own residents.  Seven countries, including Germany, Finland, Norway, Slovenia, Brazil and some regions in France extend this benefit to foreign students as well:  tuition is 100% free or heavily discounted.  The Washington Post has an excellent article about studying in these countries. 

German universities offer what are called “International Programs” in which the medium of instruction is English even for German students.  The German Academic Exchange Service (DAAD) is the largest funding organization in the world supporting the international exchange of students and scholars.  A recent search on the DAAD site revealed that there were more than 1,700 such programs offering undergraduate degrees in every imaginable field. 

Germany’s higher education institutions enjoy an excellent reputation and are divided into Universities (which generally award Ph.Ds) and Universities of Applied Sciences which offer mostly “practice-oriented” degrees (engineering, business administration, social sciences and design).  Germany’s co-op model links industry to academia so that many students have an opportunity to intern at companies and later, even obtain jobs.  Part of the allure of studying abroad is to learn the local language which is why learning German is still highly recommended.  And tuition is free in most cases.  But getting in is not always easy, as the Wall Street Journal reported recently. 

For us, studying abroad by paying very little or no tuition is a great way to improve ROI.  True, living costs in many European cities are higher than their American counterparts but if the costs of attendance can be reduced by 50% or more, this option becomes attractive.

Consider the case of a student who wants to study international business in Germany.  The DAAD site gives us many choices but let’s look at one.
Clicking on the link reveals that living costs (rent for an apartment, utilities, transportation, food, etc.) are estimated to be between 800 EUR and 1,000 EUR per month - about $900 to $1,120 at current exchange rates of 1.12 dollars per Euro.  The course duration is seven semesters (3.5 years) and includes two semesters abroad: one semester at one of the international business (IB) partner universities abroad (approx. 70 worldwide), and one semester at an internship (business placement) in a company operating internationally.  The total cost of attendance is about $47,000, about half of the $96,000 estimate we had at Texas A&M.

Let us use our familiar ROI model with the same assumptions.   Remember that you can get a federal loan to study abroad.  The US Department of Education says, “Whether you plan to study abroad for a semester or get your entire degree outside the United States, you may be able to use federal student aid to pay your expenses. The type of aid you can get—and the process you must follow—will depend on the type of program (study-abroad or full degree) you plan to enter.”

Using our trusted Wells Fargo loan calculator we see that when we keep our monthly payment close to $700 (the amount our TAMU grad paid when graduating in 4 years but whose starting salary is higher, at $55,200, TAMU's stated average), the following loan terms would be applicable:

Total loan amount (principal only): $31,000.00 ($47,000 - $16,000 down payment)
Total interest paid: $4,494.10
Total principal and interest paid: $35,494.10
Monthly loan payment: $739.46

The loan will be paid off in just four years, not the 15 years for the TAMU grad.  The ROI jumps an amazing 8 percentage points.  The point of inflection over the high school grad drops to just 9 years after which the income gap widens substantially.  See below:

Summary
There are several creative ways to lower tuition costs - obtaining need-based financial assistance from your target school is not the only way.  Fewer dollars spent on education mean a lower loan burden, quicker payoff and a higher Return on Investment. 




A Note About Rao Advisors Premium Services
Our promise is to empower you with as much high-quality, ethical and free advice as is possible via this website.  But parents and students often ask us if they can engage with us for individual counseling sessions.

Individual counseling is part of the Premium Offering of Rao Advisors and involves a fee.  Please  contact us for more information.

Go back to "Rao Advisors - Home".