On the other hand, a hotel management degree can mean a significant increase in your salary, which could have a big impact on your lifetime income. There's also the fact that, as many commentators on the article have pointed out, ROI depends on the idea that people without a degree will remain stuck in the average wage for 30 years. They will most likely gradually move up the ladder over the years and eventually earn a salary that is more comparable to that of people with university degrees. However, once again, that means that people without a university education would spend three decades on the average wage.
Even so, it may take you years to catch up with someone with a college degree if you avoid going back to school. If you don't manage a hotel well, you can lose huge amounts of money. If you go to school and learn the tricks of the trade, you can find opportunities to increase profits simply by running a better hotel that attracts guests and allows you to increase room rates. That in itself may allow you to demand a higher salary, since the owner is impressed with the hotel's results.
Many university degrees struggle to include a practical component that teaches you leadership in the real world. You can go to college for four years and end up with no practical experience. All the best hospitality management programs include an internship component as part of the graduation requirements. This means you'll have hands-on experience in a real business when you graduate.
So, even if you decide not to dedicate yourself to hospitality, you can translate your real work experience into topics of conversation for your job interviews. Get a regular management degree, to have better professional flexibility in case you ever stop being in favor of the hospitality industry. Many potential students are wondering if it's worth getting an associate's degree in hospitality. There's a lot to learn when you spend time in school to earn a degree.
All students wonder if the career path they've chosen is worth that extra time in school. The answer is almost always yes. There are more opportunities for advancement and a variety of careers when you have a degree. From there, you can make an informed decision about whether a hospitality degree is right for you or not.
Some hotels may value your degree, but others may shrug their shoulders at it, thinking that what you learn working in the hospitality field is much more important. On your way to a degree, you'll take a variety of classes depending on the industry you want to work in. Now, let's say that with an EHL degree, it would only take 3 years as a concierge to become a hotel manager. See the next section, as this is usually one of the main criteria taken into account when deciding on a hotel management program.
For example, the financial and accounting knowledge you gained with the degree can lead you to a position as a financial analyst or accountant in any company that has businesses directly or indirectly related to the hospitality industry. As a hotel and tourism administration student, you can focus on event management, hotel development, marketing and revenue management, organizations and operations, and tourism development. You would do well to take a minute to consider whether or not obtaining a degree in hospitality is really worth it, given that hospitality has been particularly affected by the pandemic and today there are many low-cost online accreditations available. For those who own a hotel, be it a small boutique hotel or a bed and breakfast, they can gain knowledge by obtaining a degree.
When you specialize in this type of degree, you strengthen your communication skills, which are vital in the industry. The first step in answering this question is to map out what you think the future will look like and then validate your hypotheses by talking to real people who work in the hospitality business. An associate degree in hospitality means that you have an advantage over those without a degree when you apply for a job. .