"Higher the education, the less money you earn"- How far is this true?

India
February 27, 2011 2:30pm CST
Hi.. A question is creeping in my mind these days. We see people, who study more and secure a higher degree, earn less money than people who don't study well. For example, Bill Gates. He used to not study well even at his primary level. But now he is the richest person in the world. 75% of the successful industrialists in this world also didn't study well. So is there any relation between studying and earning?? Do people who study less earn more money than people who study more?
5 responses
@magtibaygom (4858)
• Philippines
28 Feb 11
Consider these quotes: "In this era of fast changing technology, there is no certificate, diploma or degree which can see you through a lifetime employment. Knowledge and skills get outdated with the rapid changes in technologies." - Lee Kuan Yew "Formal education will make you a living; Self-education will make you a fortune." - Jim Rohn
• India
28 Feb 11
ok let me add it. The question would be right if i ask that does higher education reduce the chance of being an entrepreneur?
@chaitu33 (814)
• India
28 Feb 11
Courage and risk taking abilities of a person determines whether a person can be an entrepreneur or not and it has nothing to do with higher education.
@rameshchow (4426)
• India
2 Mar 11
It is some what correct. I agree with you. After getting the higher education like Doctor of Philosophy, they just concentrate on exploring the knowledge only. They do not concentrate on money(which not a innovative issues). The great minds concentrate on innovative approachable issues only. Thanks for sharing, God bless you.
@fannitia (2167)
• Bulgaria
27 Feb 11
Hi, many people think that this is the rule because you see those examples everywhere. In my country years ago miners were earning more than the university professors. Now the situation is completely different but again you see many people without high education who get good jobs. My daughter finished her studies last summer and has strugled for half and year to fing a poorly paid job. Never the less I'm sure that the good education cannot lose its price. There are many examples in this direction too but people usually don't notice them.
@FaniKaka (44)
• Pakistan
28 Feb 11
well exceptions are everywhere but you cannot say that education is not important. These days it is the only way to learn an art no body is going to teach you which in the past happens that your father or brother teach you how to work if you take the example of family business. Most important thing is your approach to your work, you go for hardwork or smart work Smart work is more important which bill gates choose In my opinion that's why he is on top education teaches you how to find the smart way of doing the job and you can save your time and energies by doing so
@aion06 (49)
• Mexico
28 Feb 11
Well i think its true, but more higher education you get first of all its better for the person, human brain needs to get new informacion constantly, self education is the best way to keep your brain actulized, and you can allways apply it in daily suff like work and getting a better salary or make an extra income on something.