Bootcamp, certificate, or degree? This might be one of the major questions you'll face when you're ready for a new job, a new career, or a potential raise or promotion.
However, these options aren't cut and dry. Even within each type of education path, there is a ton of variety. For instance, a free analytics certificate might only take a weekend to complete, while a paralegal certificate can take up to two years of intensive work.
The same is true for cost. A bachelor's degree at a public college might run you a little more than $25,000, but a private college can cost you over $53,000 for the same major.
In general, you'll want to keep these considerations in mind when choosing your education option:
- Time commitment
- Cost
- Type of program
- Results
To help you decide, here's how each education path breaks down.
Find the Right Bootcamp For You
Bootcamps vs. Certificates vs. Degrees
Education Types
Alternate Education
Bootcamps Bootcamps are short-term programs to quickly level up skills in a specific field. Many bootcamps are in tech, such as coding and web design.
Certificate Certificates are short-term programs in many subjects, such as marketing, business, and health care. They're useful for upskilling in a current role or switching careers entirely.
Traditional Education
Associate Degree Associate Degrees are short college degrees that can be used to enter a specific industry or build credits before pursuing a more advanced degree.
Bachelor's Degree Bachelor's Degrees are the most common level of degree pursued, and often the most accepted level of education among employers.
Master's Degree Master's Degrees are advanced college degrees after completing a bachelor's degree. They are often specialized in a field of study.
Time Commitment
Alternate Education
Bootcamps Average of 14 weeks
Certificate Generally under a year
Traditional Education
Associate Degree Two years
Bachelor's Degree Four years
Master's Degree Two years
Cost
Alternate Education
Bootcamps Average cost of $11,727 for the total program.
Certificate Free to $5,000 for the total program, depending on the speciality.
Traditional Education
Associate Degree Average cost of $3,372 to $17,294 per year, depending on if it's a public or private institution.
Bachelor's Degree Average cost between $25,615 to $53,949 per year, depending on if it's a public or private institution.
Master's Degree Average cost between $27,250 to $40,550 per year, depending on the program.
Outcomes
Alternate Education
Bootcamps The average salary of a coding bootcamp grad is $69,000. Around 79% of coding bootcamp grads report finding employment in programming careers.
Certificate The salaries of certificate-based jobs vary greatly. For instance, on average, EMTs make $29,300 a year, air traffic controllers make $47,202 a year, and real estate brokers make $71,287 a year. Certificate programs are often used for upskilling for raises or better job prospects.
Traditional Education
Associate Degree The median salary of an AA grad is $48,780. The employment rate of someone with an AA degree is 93%.
Bachelor's Degree The median salary of a BA grad is $67,860. The employment rate of someone with a BA degree is 95%.
Master's Degree The median salary of a MA grad is $80,340. The employment rate of someone with a MA degree is 96%.
Sources: National Center for Education Statistics, U.S. Bureau of Labor Statistics, American Association of Community Colleges, Education Data Initiative, Business Wire, Course Report, Career Karma, Indeed
Featured Image Credit: FreshSplash / Getty Images
