High-Skilled Careers and Expenses

1. High-Skilled Careers and Expenses 6th Grade High-Skilled Careers #2 (Microsoft, 2011a)

2. Pre-Test • What are the three main types of colleges? • For a family of four in the Twin Cities, what are the average monthly costs for necessities? • What is the approximate difference of income between a person with no high school diploma and a person with a professional degree?

3. Objectives • 3 main types of colleges • College degree by parent/child income • Average expenses for necessities • Income by education level • Average expenses vs. income (Microsoft, 2011b)

4. Types of Colleges • University or College: Bachelors degree • 4 Years • Computer Programming, Music, Education • Community College: Associate degree • 2 Years • Physical Therapy, Pre-Engineering, General Studies • Technical College: Associate degree • 2 Years • Electrician, Computer Support Specialists, Auto Mechanic, Video Production

5. College Degree: Parent/Child Income Source: The Brookings Institution: Economic Mobility Project, 2007

6. College Degree: Parent/Child Income

7. Why college degrees are important? • Why do you think college degrees are so important in getting students to move out of the lower quintile income?

8. Average Expenses for Necessities Source: Economic Policy Institute

9. Income by Education Level U.S. Census Bureau, 2008

10. Average Expenses vs. Income • Minneapolis expenses: $57,000 • No high school diploma: $19,300 • 2 incomes - no diploma: $38,600 • High school diploma: $30,800 • 2 incomes – HS graduate: $61,900 • 2 incomes – Bachelor’s degree: $111,200

11. What is the difference between • Expenses and the average annual salary of a person without a high school degree? • Expenses and the average annual salary of two people without a high school degree? • Expenses and the average annual salary of two peoplewith a high school degree? • Expenses and the average annual salary of two people with a Bachelor’s degree?

12. Most Interesting to You • Which of the previous screens are most interesting to you? Why? • Previous Screens • College Degree: Parent/Child Income • Average Expenses for Necessities • Income by Education Level • Average Expenses vs. Income (Microsoft, 2011c)

13. Postsecondary Plan • Updating Postsecondary Plan in Future • Identifying Careers Of Interest • Annual Salary for Each Career

14. Post-Test • What are the three main types of colleges? • For a family of four in the Twin Cities, what are the average monthly costs for necessities? • What is the approximate difference of income between a person with no high school diploma and a person with a professional degree?

15. Review • The three main types of colleges are: • 4-Year University or College • 2-Year Community College • 2-Year Technical College • For a family of four in the Twin Cities • Average monthly costs for necessities is $4,500 dollars • The approximate difference of annual income between a person with no high school diploma and a person with a professional degree • $86,000 dollars

16. References • Microsoft Office Images. (2011a). Family of four. Retrieved from http://office.microsoft.com/en-us/images/people-CM079001925.aspx#ai:MP900422133 • Microsoft Office Images. (2011b). Crossroads. Retrieved from • http://office.microsoft.com/en-us/images/people-CM079001925.aspx#mt:0| • Microsoft Office Images. (2011c). Money sail. Retrieved from • http://office.microsoft.com/en-us/images/people-CM079001925.aspx#mt:0| • The Brookings Institution: Economic Mobility Project, 2007 • Economic Policy Institute: Monthly family budget • U.S. Census Bureau, 2008