1. Investment in Yourself
Take Charge of Your Finances

2. Influences
Value – a fundamental belief or practice about what is desirable, worthwhile, and important to an individual.
Goal – the end result of something a person intends to acquire, do, reach, or accomplish sometime in the near or distant future.
Need – something thought to be a necessity
Want – something unnecessary but desired

3. Human Capital
Skills acquired through a process of self-investment (education and on-the-job training)
Hard Skills are: specific, teachable abilities (technical/performance skills)
Examples:
Math
Chemical Interactions
Computer Applications Knowledge
Soft Skills are how a person relates to others (people skills)
Examples
communication
problem solving,
cooperation

4. Human Capital How Can You increase Your Human Capital Right Now?
Summer jobs
Volunteer
Extra-curricular activities
Education/Training

5. Higher Education = Higher Estimated Lifetime Earnings
Education vs. Income
Higher Education = Higher Estimated Lifetime Earnings

6. Education vs. Income Activity
Stand up with your colored square
“Everyone standing represents the people who started high school. This activity will show the different paths people can choose during their lifetime and the different results.”
Based upon 2007 US Bureau of Labor Statistics Data

7. Orange If you are holding an orange card please sit.
These 3 people represent 15.2% of the U.S. population who did not graduate from high school or earn a GED. On average, they earn $33,913 per year, the lowest wages of all workers
Congratulations! Everyone remaining finished high school.

8. Red If you are holding a red card please sit.
These 6 people represent 25.2% of the U.S. population who graduated from high school or earned a GED. On average, in the United States, they earn $46,938 per year.
Congratulations! The remaining decided to further their education.

9. Green If you are holding a green card please sit.
These 5 people represent 21.8% of the U.S. population who dropped out of college without finishing a degree. On average, in the United States, they earn $54,881 per year.
Congratulations! The remaining finished some kind of post-secondary education.

10. Yellow If you are holding a yellow card please sit.
These 2 people represent 8.9% of the U.S. population who received their associate degree. On average, in the United States, they earn $64,537 per year.

11. Blue If you are holding a blue card please sit.
These 4 people represent 18.7% of the U.S. population who received their bachelor's degree. On average, in the United States, they will earn $88,948 per year, which is more than twice what a high school graduate earns.

12. Purple If you are holding a purple card please sit.
These 2 people represent 10.2% of the U.S. population who have completed their graduate or professional degree. On average, in the United States, they earn $115,179 per year.

13. Education Pays

14. Traits of successful workers
Communication Skills
Self Confidence
Flexibility
Energy
Intelligence
Responsibility

15. Career Research

16. STEPS IN Making an informed Career Decision
Includes a self evaluation of interests
Select personal career goals
Goals are the end result of something a person intends to acquire, achieve, do, reach, or accomplish sometime in the near or distant future
Short-term goals are accomplished within one year
Long-term goals are accomplished in more then one year
Research a career pathway
Choose a career pathway
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 16
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

17. Career vs. Job What is the difference between a job and a career? Job
An employment position obtained mainly to earn money
Example: Gas Station Attendant
Career
A commitment to a profession which requires continued training and offers a clear path for occupational growth
Example: Educator
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 17
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

18. Job Opportunities
Pick a career path with job opportunities in the future
Three main factors influencing future job opportunities
Population Mix
Labor force
Demand for goods and services
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 18
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

19. Factors Affecting job opportunities
Population
Age mix affects job types available
Size of the labor force
Many people of working age makes it harder to get a job
Demand for goods and services
If the demand for your prospective industry is high, it will be easier to get a job
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 19
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

20. Internet Resources Career Information
For hundreds of different jobs these sites tell you:
The training and education needed
Earnings
Expected job prospects
What workers do on the job
Working conditions
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 20
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

21. Education training Vary depending on the profession
Professional degrees
Vary depending on the profession
Doctorate degrees
4-6 years beyond undergraduate degrees in college
Masters degree
2 years beyond undergraduate degrees in college
Bachelors degree
4 years beyond high school
Associates degree
2 years beyond high school
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 21
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

22. Employment & Wages By Typical Education Needed (In Thousands)

23. Occupations with the Most New Jobs, Projected 2012-2022

24. Occupations with the Most % Growth of New Jobs, Projected 2012-2022,
Typical Amount of Education Needed
& Average Pay
Personal Care Aides Less than High School $19,900
Home Health Aides Less than High School $20,820
Medical Secretaries High School Diploma $31,350
Medical Assistants Post-Second Non-Degree Award $29,370
Licensed Practical &
Vocational Nurses Post-Second Non-Degree Award $41,540
Construction Laborers Less than High School $29,990
Carpenters High School Diploma $39,940
Software Developers Bachelor’s Degree $90,060
Nursing Assistants Post-Second Non-Degree Award $22,420
Registered Nurses Associate’s Degree $65,470

25. Fastest Growing Occupations Projected 2012-2022

26. Largest Numerical Increases in Occupations
Optometrists
Physicians and surgeons
Lawyers
Pharmacists
Chiropractors
Professional Degrees
Postsecondary teachers
Computer and information scientists, research
Chemistry and biophysics
Clinical, counseling
Doctorate Degree
18% Growth
17% Growth
Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 26
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

27. Largest Numerical Increases in Occupations
Physical therapist
Educational, vocational and school counselors
Substance abuse counselor
Occupational therapy
Master’s Degrees
School teachers
Accountant and auditors
Computer software engineers
Bachelor’s Degree
18% Growth
17% Growth
Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 27
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

28. Largest Numerical Increases in Occupations
Associate’s Degrees
Dental hygienists
Physical therapy assistant
Paralegals and legal assistants
Post Secondary Vocational Award
Nursing aids and orderlies
Hairdresser and cosmetologists
Emergency medical technicians
19% Growth
13% Growth
Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 28
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

29. Largest Numerical Increases in Occupations
Work experience in related occupations
Gaming managers
Construction and building inspectors
First line supervisors/managers (food, retail)
Long Term On-the-Job Training (more than 12 months)
Carpenters
Cooks
Electricians
Fire fighting
8% Growth
8% Growth
Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 29
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

30. Largest Numerical Increases in Occupations
Moderate Term On-the Job Training (1 to 12 months)
Truck drivers
Dental assistants
Medical assistants
Customer service representatives
Short Term On-the-Job Training (0 to 1 month)
Retail salesperson
Waiters and waitresses
Home health aides
Personal and home care aides
8% Growth
8% Growth
Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 30
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

31. Education/training category
Occupations with the fastest growth
Occupations
Percent change
Number of new jobs (in thousands)
Wages (May 2008 median)
Education/training category
Biomedical engineers 72
11.6
$ 77,400
Bachelor's degree
Network systems and data communications analysts 53
155.8
71,100
Home health aides 50
460.9
20,460
Short-term on-the-job training
Personal and home care aides 46
375.8
19,180
Financial examiners 41
11.1
70,930
Medical scientists, except epidemiologists 40
44.2
72,590
Doctoral degree
Physician assistants 39
29.2
81,230
Master's degree
Skin care specialists 38
14.7
28,730
Postsecondary vocational award
Biochemists and biophysicists 37
8.7
82,840
Athletic trainers
6.0
39,640
Physical therapist aides 36
16.7
23,760
SOURCE: BLS Occupational Employment Statistics and Division of Occupational Outlook

32. Occupations with the fastest growth 2008-2018 (Cont.)
Percent change
Number of new jobs (in thousands)
Wages (May 2008 median)
Education/training category
Dental hygienists 36
62.9
66,570
Associate degree
Veterinary technologists and technicians
28.5
28,900
Dental assistants
105.6
32,380
Moderate-term on-the-job training
Computer software engineers, applications 34
175.1
85,430
Bachelor's degree
Medical assistants
163.9
28,300
Physical therapist assistants 33
21.2
46,140
Veterinarians
19.7
79,050
First professional degree
Self-enrichment education teachers 32
81.3
35,720
Work experience in a related occupation
Compliance officers, except agriculture, construction, health and safety, and transportation 31
80.8
48,890
Long-term on-the-job training
SOURCE: BLS Occupational Employment Statistics and Division of Occupational Outlook

33. Fact
Among the 20 fastest growing occupations, an associate’s degree or higher is the most significant source of postsecondary education or training for 12 of them!
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 33
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

34. On-the-job training occupations with the fastest growth & the % of growth

35. Associate Degree occupations with the fastest growth & the % of Growth

36. Bachelor’s Degree occupations with the fastest growth & the % of Growth

37. Beyond Bachelor’s Degree occupations with the fastest growth & the % of Growth

38. Fact:
Of the 30 occupations projected to have the largest percentage increase between 2012 and 2022, 14 are related to healthcare and 5 are related to construction.
Why ?

39. Occupations projected to Grow Fastest, 2008-2018
Why are healthcare positions growing so fast?
These combined jobs will add more than 1.3 million new jobs
Source: Bureau of Labor Statistics Occupational Handbook – Tomorrow’s Jobs December 2005

40. Aging baby-boomer generation (1946-early 60’s)
Home care as alternative to costly hospitalization or residential facilities
Construction
Businesses building offices and warehouses
Individuals building homes

41. Fact: Two of the fastest growing occupations are related to technology
Organizations continue to upgrade with applications and speed
Reliance on wireless networks

42. Job Declines projected 2008-2018
Declining occupational employment stems from:
declining industry employment
technological advancements
changes in business practices
The majority of declines are office and administrative support and production occupations
Increasing plant and factory automation
Implementation of office technology

43. Occupations with the fastest decline % projected 2008-2018

44. Fact
Among the 20 fastest declining occupations, only 2 of them have any postsecondary education!

45. Review Degree levels Career examples
How long does it take to obtain each degree?
Career examples
What is an example of a job you can get with each degree?

46. Researching a Career Questions that you should ask:
Are there opportunities for advancement?
What are the educational requirements?
Does it pay enough?
What are the working conditions?
Will there be a need for this work in the future?
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 46
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

47. So. . . . How Are You Going To Pay For The Education You Need?
Most Important thing you can do:
Complete the FAFSA (free application for federal student aid)
Why is the FAFSA so important?
Many scholarships/grants are based upon financial need.
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 47
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

48. So. . . . How Are You Going To Pay For The Education You Need?
Scholarships
Athletic
Theatrical
Academic
Paid Back? NO
Grants
Federal (Pell)
College
Minority
Paid Back? NO
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 48
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona

49. So. . . . How Are You Going To Pay For The Education You Need?
Subsidized Student Loans
Paid Back?
Yes
No Interest charged while in college (government pays this)
No Interest charged for 6-9 months after graduation (government pays this also)
Unsubsidized Student Loans
Paid Back?
Yes
Interest charged when loan begins
Can elect to pay interest fees while still in school
If wait to pay, interest accrued be added to loan amount so paying interest on interest
© Family Economics & Financial Education – Revised April 2008 – Career Development Unit – Career Research – Slide 49
Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer Sciences at the University of Arizona