If you are considering pursuing a degree in hospitality and tourism, you might be wondering whether it is worth your time, effort, and money. The hospitality industry is a vast and ever-growing sector, offering many career opportunities to graduates. But is it worth it? In this article, we will examine the benefits of a degree in hospitality and tourism, and whether it is worth the investment.
Why are graduate degrees in hospitality worth pursuing?
Here’s the deal:
The tourism industry is a pivotal contributor to the Canadian economy, generating 102.5 billion in revenue in the pre-pandemic world, employing over 1.8 million Canadians, and contributing to 2% of Canada’s GDP. The hospitality sector includes various industries, such as travel, accommodations, food and beverage, and event management. Graduating with a degree in hospitality and tourism can lead to many opportunities in these industries.
But there’s a catch!
According to Statistics Canada, graduates with degrees in hospitality and tourism had relatively lower median earnings than those in other fields. In 2019-2020, the median earnings of graduates were 45,000 CAD, compared to 58,000 CAD for graduates with degrees in business, management, and public administration. This was directly due to the onslaught of the pandemic.
On the bright side: Figures are looking like they are waxing now post-COVID-19. Apart from this, pursuing a degree in hospitality can lead to many benefits in the long run.
Benefits of Graduating in hospitality and tourism
The best part is that a wide range of career opportunities are available to graduates in hospitality. Graduates can work in various fields, such as hotel and resort management, event planning, tourism marketing, and travel management. A degree in this sought-after field can also lead to international job opportunities, allowing graduates to work in different parts of the world.
So, what’s the real story?
Graduating with a degree in this field can also lead to personal growth and development. You will learn essential skills such as leadership, communication, problem-solving, and time management. These skills are valuable and transferable, allowing graduates to work in various industries not limited to the hospitality industry alone.
Here are a couple of more good ideas:
- Graduating in hospitality and tourism can lead to exciting and dynamic careers that offer opportunities for growth and advancement.
- Graduates with degrees in hospitality and tourism can work in various fields and industries, this is not limited to the hospitality industry alone!
- Full-time degrees and certifications in this field can provide you with valuable skills that are transferable and applicable in various industries.
In conclusion
A degree in hospitality and tourism can be worth it! Graduates with degrees in hospitality and tourism can work in various fields and industries and can gain valuable skills that are transferable and applicable in different industries.
Pursuing a degree in hospitality and tourism can also lead to exciting and dynamic careers with opportunities for growth and advancement. Don’t let anything stop you from following your dream, enroll today!