Most employees in the U.S. either studied day and night for the SAT exam or blew it off completely. In today’s market, students are learning that preparing for an SAT exam and working towards achieving a high score will allow them to gain leverage over students who have a lower score. Since competition is fierce in nearly all careers, going to a good college is where most students hope their hard work and studying will lead them. The first step in the right direction is a high SAT score, after that you can get into a reputable college with a scholarship. If you do well in college, this could set you up for a higher-paying position in the career you are pursuing.
Now, you might be thinking, if SAT scores are so connected to household income, how high should your score be to attain a higher income? Will going to an expensive school that has higher score standards give you a higher-paying career in the end? With the ongoing fluctuations in the climate of our economy, it’s difficult to predict a forecast, Mike McClenathan attempted to make some calculations to clear the air in a recent Forbes.com article.
The first thing you will want to do to prepare yourself for the SAT test is take practice tests and possibly even an SAT summer course. Of course, these prep courses do cost anywhere from $60 to $100 per specialized course, so it’s best to spend your money on the subject that is not your strongest. If Math is your weakest area, then sign up for the Math prep course. Many students also prepare by taking the ACT exam before the SAT exam. Taking prep tests for both examines and getting an ACT tutor at Study Point will put you ahead of the game for sure.
Getting More for the Same
Looking at Net Present Values (NPV) of cash flow from the past 20 years — the equivalent to four years of tuition, Mike McClenathan of Forbes.com was able to calculate whether it was worth it to have a higher score for a school or be content with a lower score but going to a different school. McClenathan found that a student with a score of 1700 could get into Stony Brook, but would be better-off trying again for a higher score (since their middle 50 percentile is 1660 to 1970), because the average earnings of these students is as high as $100,000.
However, sometimes attaining a higher score won’t result in higher pay. The middle 50 percent score for students who apply to NYU is 1940 to 2230, but might not be worth it since graduates will make $50,000 less than graduates of Fairfield College. And the middle 50 percentile of Fairfield students scores are 1710 to 1910. So, if you’re looking at the net present value of your education as opposed to what their standards are, then a school’s value can change for a student. It’s important in all situations to realize that the institution is only as valuable as its teachers and students.