I can’t seem to fully understand this concept of finance.
Thank you in advance.
In: Economics
Earning potential is an estimate of what a person might be able to earn in the future. It’s based on all sorts of different things and might vary quite a bit depending on what sector someone is in and who’s estimating, but it can be a useful ballpark.
For example, when someone is deciding on what degree to take part of what they should probably do is think about what kind of jobs they will be able to get afterwards. If they decide on medicine they have a bigger earning potential than if they decide on nursing, because the maximum income for a doctor is higher than the maximum income for a nurse.
Other factors to consider are personal connections, country of residence, sadly gender and race, qualifications and where qualifications were gained, current market trends… There’s lots involved.
Latest Answers