Choosing a Career in the Skilled Trades: A Viable Alternative to College

Strategic Insights -

High school seniors are often advised to pursue a college degree, but this path can be fraught with debt and a lengthy wait for a return on investment. Rooter Hero Plumbing & Air CEO John Akhoian offers an alternative: a career in the skilled trades. With the ability to earn a good living quickly and the stability of a non-outsourced job, the trades offer a compelling option for those looking for a fulfilling and lucrative career.

Key Takeaways:

  • The cost of a four-year university has increased significantly since the 1970s, with many students taking out thousands of dollars in student loans to afford the rising tuition.
  • Many careers require a bachelor's or master's degree, resulting in 4-6 years of education and a significant financial investment.
  • Trade schools, on the other hand, typically take 18-24 months to graduate, allowing students to enter the workforce and start earning a paycheck sooner.
  • Apprenticeships can provide students with hands-on experience and a living wage while they learn a trade.
  • Careers in the skilled trades, such as plumbing and HVAC, offer stability, a high salary, and the satisfaction of working with one's hands.

Statistics:

  • Since the 1970s, the cost of attending college has increased by over 200%. (Source: College Board)
  • The median debt load for students graduating from college is over $30,000. (Source: Federal Reserve)
  • The average cost of a four-year university is over $100,000. (Source: College Board)
  • The median salary for a plumber is over $50,000 per year, with experienced plumbers earning up to $100,000. (Source: Bureau of Labor Statistics)
  • The job market for skilled trades workers is expected to grow by 13% in the next decade, with an estimated need for 100,000 new workers. (Source: Bureau of Labor Statistics)

Sources:

  • College Board: Trends in College Pricing and Student Aid
  • Federal Reserve: Student Debt and the Economy
  • Bureau of Labor Statistics: Occupational Outlook Handbook
  • College Board: Annual Survey of Colleges and Universities