Personal interest is one of the main factors that influence the choice of career of a fresh undergraduate. According to Gacohi (2017), the majority of her respondents indicated that choosing their most preferred field of study was largely influenced by their interest in a certain vocation. A person is more likely to feel passionate about something when they are really interested in it. This passion fuels motivation and a willingness to put up the time and effort necessary to acquire knowledge and proficiency in that field. In a study conducted in Pakistan (2018) by A. A. Humayon, Raza, Aamir Khan, and Ansari, they stated that People should take their personal interests into account when making career decisions because: 1) They would perform better in the field that interests them; 2) People who choose careers that match their personal interests are typically successful; and 3) People could experience greater fulfillment and happiness while working in the field of interest by. Personal ...
People typically analyze numerous economic considerations that can affect their financial
well-being and overall quality of life when choosing a professional path, and these factors
play a key part in choosing a career. According to Erikson et al, (2013) the choice of a
student's career is greatly influenced by economic factors (Income expectation). A study
conducted in Indonesia (Hassan, 2015) they found that In Indonesian universities,
undergraduate students' career decisions are heavily influenced by economic factors.
The desire to serve others as well, job availability after graduation, and the possibility to
make a decent salary were identified by Mashige and Oduntan (2011) to be the most highly regarded variables that impact the choices of individuals to pursue a career in the field of
optics. People strive to select a profession that might provide a solid foundation for a higher
standard of living (Cavus, Geri, & Turgunbayeva, 2015). In their study in 2017, Al-Lawati,
Renjith Kumar, & Subramaniam, demonstrated that the state of the economy and a person's
perception of a better job are the two main factors that can affect their choice of career.
In a study conducted in Kenya (Koech et al, 2016), More than 80% of respondents
acknowledged that variables influencing professional benefit decisions included economic
stability, job availability, career progression potential, and job satisfaction. According to
Ayodele (2019), some studies have hinted at the significance of financial and economic
factors in the decision of an occupation. Such issues have implications for a developing
economy like Nigeria. Financial/economic consideration will strongly impact real estate
students' choice of employment
The UK government announced in July 2016 that English university tuition will increase to
£9,250 from £9,000 per year for courses beginning in 2017. The average cost of living in the
UK is roughly £11,000 per year, so when these fees are included in, the expense of attending
school in the UK is at least £20,000 per year, or about £80,000 for a standard four-year
programme (Hunter, 2017). Similarly The University of Jaffna charges 240,000 as fee for its
external Bachelor of Business Administration (BBA) program (www.maco.jfn.ac.lk). Based
on this information a crucial factor to take into account is the price of the education and
training needed for a certain professional path. Certain professions could call for pricey
degrees or certificates, which could have an effect on a person's financial condition both
during and after their education. Hence, an undergraduate must consider about the economic
factors while choosing a career choice.
According to James Weaver, Head Manager of Career Hunter, an online career testing
website "it's time and resources down the drain." And that is what we are working to prevent
for citizens. Our exams are made to accurately match users with occupations that fit their
interests and talents. They can avoid wasting tremendous amounts of money on things they
don't even care about by making the best decision the first time (Hunter, 2017).
According to Merz.M (1999) there is government funded interest-free loans available that are
intended to ease the financial pressures on students with limited incomes. If taking out
educational loans is necessary to pursue a certain vocation, borrowers must evaluate their
capacity to repay the loans in light of their projected post-graduation income.
According to Ayodele, in a study conducted in 2019, he found that economic factors are the
major factor that affects the career choices of real estate students in Nigeria. It has been
noted that students are more likely to pick careers that offer lifelong employment security,
allow retirees to continue receiving benefits for their previous employment (Onijigin, 2009).
Economic factors influence career choices at least in part among high school graduates
(Merz.M, 1999).
According to (Galhena and Rathnayake, 2011) money and power played a significant role as
the primary motivators in making career choice decisions, and they argued that students
frequently changed their self-interest career choice due to changes in the labor market and the
economy. According to Marinas, Igret, Marinas, and Prioteasa's (2016) findings, which
involved 496 Romanian students, external factors like the economy have a beneficial
influence on the profession choices of Romanian students.
According to RF Wong (2019) Students typically pick for a professional path that can provide them with job security and financial security in the future as the cost of living and the price of commodities are on the rise. Further he stated that, he believed that job security and economic considerations are highly rated by the students when they are making the career choice. Additionally, Ogunsanwo (2000) discovered that financial factors, such as those that indicate a person's social class, good income, and future stability to some extent, can have an impact on their choice of career (Malik et al., 2018).
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