The Cost of Education is on the Rise: Now is the Time to Invest in Yourself

Making daily living adjustments is something we all did to adapt to the COVID-19 pandemic. Now we must continue to adapt in a post-pandemic world, and one of the most beneficial changes one can make is choosing to pick up some new skills and break into a growing industry.

It can be hard to make a career switch; however, it isn’t as radical as it initially sounds. Yes, education costs have increased exponentially in the last couple of years, but there’s always an alternative to a traditional four-year degree. 

Our recommendation?

The NYU School of Professional Studies (SPS) Digital Skills Bootcamps.

Letterboard with purple background, reading “you can if you think you can”

We hope you’re as excited about this new adventure as we are! The first step? Investing in yourself.

Here’s Why Digital Skills Careers Are in High Demand

Tech-based careers have steadily grown over the years as technology continues to advance; however, the pandemic has significantly sped up that timetable, and now digitally skilled workers are more in-demand than ever. In fact, according to the Gartner IT Symposium/Xpo™ 2022 conference, over 95% of new digital workloads are estimated to be deployed on cloud-native platforms, up from 30% in 2021. 

Technology is evolving quickly and the workforce needs qualified workers to not only keep up but to enable the technological breakthroughs of the future. This has created a sizable digital skills gap shortage that will only continue to grow.

Industries of all types, agriculture, retail, finance, trade, food service, tech, and more, are desperate for individuals to fill this gap. In fact, 76% of global workers specifically reported they are underequipped for the future of work. Luckily, the pandemic made it clear that much of the populace can work efficiently in a home environment. This means that having digital skills on a resume can significantly widen the pool of potential careers.

Woman working on a laptop with coffee and smart phone on notebook.

There are two pieces of information here to consider based on what we’ve already discussed:

  • Learning new skills can be made difficult due to the increases in education costs.
  • Those that invest in themselves to learn these new skills will have a greater number of career opportunities in  more lucrative fields. 

While a four-year degree can be a great way to learn these skills, it isn’t the only way. More companies, including Apple, IBM, and Microsoft, are removing a traditional degree from their list of requirements on job postings due to the current digital skills shortage.

This is where an NYU SPS Digital Skills Bootcamp comes in. Choosing to invest in yourself by participating in one of our bootcamps is a wise choice. By refining your current skills and learning new ones, you’ll have a much better chance at landing a fulfilling career. 

What Is a Bootcamp and Is it Right for Me?

A bootcamp is an accelerated, hands-on training program that will allow you to learn skills unique to the industry you’re looking to enter. 

We’ve already discussed how the skills shortage has become a major issue for employers and it will only continue to increase as technology advances. With an NYU SPS Digital Skills Bootcamp, you can learn these skills in just ten months from a university-backed program. 

The NYU SPS Bootcamp Value

Along with accelerated, hands-on training, our bootcamps provide many benefits that will only add to the experience you’ll receive and save you money, as many of these services could be costly elsewhere.   

  • No Experience Required

One common misconception is that digital skills-based careers are only for the math or computer obsessed. This simply isn’t so. Our bootcamps are designed for individuals of all ages, skill levels, and backgrounds allowing you to go from beginner to professional. 

  • Fully Online, Hands-on Courses

Another benefit of our bootcamps is that all of the courses take place in a live, online learning environment in the evenings and on weekends. This means you can maintain any current work or familial commitments without having to pay for gas or find the time to drive to courses.

Additionally, parents that participate in our bootcamps can avoid growing childcare costs by learning from home on a flexible schedule.

  • Personalized Career Support

Throughout our program, our dedicated career services team will provide invaluable assistance such as job placement assistance, resume optimization, career coaching, and more.

Elsewhere career coaching and resume writers come with a hefty price tag, with services costing upwards of $100 per session. Also, did we mention that these services are available to our learners for up to six months after completion of the bootcamp? We want you to know that with our program, you’re in good hands.

  • Network with Experts

Learn from experts that have their finger on the pulse of the industry. You’ll receive cutting-edge training with current industry experts and the opportunity to meet with like-minded industry professionals.

These events elsewhere can cost hundreds of dollars. Instead, these opportunities are built into the program, ensuring that you’ll have the chance to learn from the best.  

Still unsure about which bootcamp is right for you? Totally understandable! We offer free, online courses in Software Development and Cybersecurity that break down the basics of the industries. Choose one below:

You Can Do This spelled in scrabble tiles with flowers.

Return on Investment with an NYU SPS Bootcamp 

Return on Investment (ROI) is a term used to measure the potential gain or return you could make on an investment. Investing in yourself with an NYU SPS Digital Skills Bootcamp could yield you a significantly high ROI. Let’s break down a couple of current average industry salaries first:

For comparison’s sake, the current salary of non-tech-based careers averages around $50,000 a year. To figure out your potential ROI, let’s work through a hypothetical together.  

Let’s say you’re currently earning $50,000 a year and you decide to invest $18,000 in the NYU SPS Software Development Bootcamp. After ten months, you could potentially make $100,000 as a Computer and Information Research scientist. That means your ROI for just your first year would be $32,000, with the chance for your returns to increase with years spent working in the industry.*   

This is why we refer to participating in an NYU SPS Digital Skills Bootcamp as an investment. The amount of money you stand to gain is often far greater than the amount you’ll initially invest. 

Learning new skills during the current sharp increases in education costs can be scary, but, with an investment in yourself, the future can be brighter!  

*These scenarios are hypothetical. Salaries vary based on a number of factors, including position, location, experience level, skills, as well as work, and personal history.

Coins in hand are dropped into piggy bank on wooden top table

Current Pricing and Career Trends 

We are currently seeing the highest inflation rate in the last 40 years and prices have risen by 8% on average. Everyone has felt the effects of these increases; everyday basic goods and services are costing exponentially more now. Education alone has seen higher tuition costs in just the last two years. This means that if your salary hasn’t increased at a similar rate, you simply do not have the same buying power that you might have in years passed.   

The bright side to this is that as the demand for qualified, digitally skilled workers increases, more companies are dedicating their efforts towards hiring a skills-based workforce over history or career experience. In fact, according to Future of Work Trends 2022, 69% of globally known companies are placing a higher value on learning agility and curiosity and less on work experience when looking for new hires. 

Again, while a four-year degree institution can be a great way to learn the skills you need, it isn’t the only way. Since a skills-based workforce is becoming more and more popular, having a traditional academic background has become less of a barrier for current generations of individuals.

The potential earnings for a tech-based career are significantly high, and this growth will likely continue as the world advances. A recent CompTIA key findings report saw that average tech occupation wages are 125% higher than the average national wage. Additionally, the growth rate for careers in tech over the next ten years is nearly double the national jobs rate.  

Another benefit of a tech career is that many of the current jobs available are remote work. According to Glassdoor, more companies are starting to take this direction due to employers needing to widen their potential talent pool to compete with other companies during the digital skills-based worker shortage.  

So, what does this mean for you?

All of this info points to one truth. By investing in yourself with an NYU SPS Digital Skills Bootcamp you can gain the experience you need to enter a skyrocketing field as an in-demand digitally skilled worker.

How You Can Finance Your Investment

We offer a couple of options to help you finance your investment. Here’s how you can get yourself started: 

Step 1: Determine what your career goals are and what you are looking to get out of your next position.

Step 2: Choose the NYU SPS Digital Skills Bootcamp that best matches your career goals.

Step 3: Take a test drive of the program with our Introductory Course to see if the bootcamp is right for you.

Step 4: Once you’re ready for the extended program, choose a payment option:

  • Pay in Full

After completing the Introductory Course, pay tuition in full prior to starting your first class.

  • 0% Interest

Monthly installments with no interest. Available to all learners.

If you need more information, an admissions advisor is available to walk through these options with you to ensure you make the best decision for your investment.

It’s Time to Get What You Deserve

Letterboard reading, “You are the greatest project you will ever work on”

Work shouldn’t have to be stressful, and the future shouldn’t have to be scary.

The good news? They don’t have to be either of those things!

With so much changing, now is the perfect time to invest in yourself and achieve the future you deserve! Break into a new career in just ten months with the NYU SPS Digital Skills Bootcamps

Have any questions? We’re here to help. Contact our admissions advisors by calling 212-361-9205 or filling out the form below.


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