Measuring the Fiscal Influence of Higher Education: A Pragmatic Study
DOI:
https://doi.org/10.23918/ijsses.v12i1p84Keywords:
carreer advancement, knowledge and skills, personal development, social status, cultural expectations, networking opportunities, value for moneyAbstract
In today's social and economic environment, higher education has an impact on economic growth and development. This study aims to investigate the key motivational factors influencing individuals’ decisions to pursue higher education and the anticipated financial outcomes. The research objectives focus on understanding the impact of factors such as career advancement, acquisition of knowledge and skills, personal development, social prestige, cultural norms, networking opportunities, job prospects, and perceived value for money. The study employs a descriptive and cross-sectional research design, collecting data from 427 respondents residing in select cities of Uttar Pradesh through both online and in-person surveys. The data was collected online and in person and then analysed it using SPSS and SmartPLS 4.0. The survey findings reveal that career development and employment opportunities emerge as the most significant motivators for pursuing higher education, aligning with existing literature. The study highlights the intricate relationship between higher education and personal financial success, offering actionable insights for policymakers and educational institutions to optimize the financial benefits of higher education. These results underscore the importance of aligning educational offerings with labour market demands to enhance individual and societal economic outcomes.
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