The Polytechnic semester has ended, but I have to constantly remind myself that, thanks to blog readers and friends who also work at a Polytechnic, there are now young and impressionable readers of this blog, and it behooves me to make it a little more useful and wholesome for everyone.
So this week, I'll be sharing a powerful framework to think about the value of an education that everyone can benefit from.
This concept, known as Return on Education (ROE), is useful for comparing the value of different qualifications. It is useful for students in tertiary education to assess the value of a university degree, so they can compare a 4-year degree at a local university with other educational options.
I'm actually going to use my own students in this example.
According to a web search on salary data for Temasek Polytechnic Information and Digital Graduates, the median income is $2,950....