The return on investment in labor income for each additional year of higher education fell by 15 years

After the easing of regulations university At the end of the 1990s, the number of private study houses gradually increased from 73 in 2001 to 144 in 2021, thus increasing the number of students enrolled in private universities. However, the return on investment of Higher Education through the employment income it was reduced compared to the income of those who had only completed secondary education.

In addition, young people aged 17 to 15 studying in private universities have increased from 10% in 2004 to 23% in 2019.

On the other hand, according to data from Ministry of Educationenrollment in private universities has increased from 233,000 in 2004 to 1 million in 2019. In the case of public universities, it has increased from 282,000 in 2004 to 379,000 in 2019. public since 2014.

According to a study by Gustavo Yamada and Pablo Lavada quoted by the newspaper Tradeonly 62% of university graduates show positive returns on their investment in education, i.e. in economic terms, with the salaries they receive, they were able to recover what they paid for to study.

The IPE estimates indicate that an additional year of study in a Private university increased their earnings by 22% in 2004 compared to those who had only completed secondary education. However, this figure decreased to 18% in 2019. In the case of public universities there is also a decrease 18% in 2004 to 15% in 2019. Although there is no current data, the trend is estimated to have increased during the Covid-19 pandemic by an average of 1%.

In contrast, workers with technical and secondary education increased their wages by 4% and 2%, respectively, in 2022.

However, in the case of graduates from universities not authorized by Sunduwho in 2019 were already earning 20% ​​less than graduates from accredited universities, in 2021 were earning 25% less than their peers from accredited institutions.

On the other hand, in recent years, a third of workers who have completed their studies in public or private universities held a job for which the level of higher education they had received was not required. That is to say, I was “overeducated”However, this situation is due to the low quality of the education received.

These cases are more frequent (54%) in the commercial and economic streams; Then come the humanities (35%), engineering (33%), law (29%), education (22%) and health (15%).

Here is the list of ten best universities in Peruvian territory prepared by Webometrics:

1. Pontifical Catholic University of Peru

2. San Marcos National University

3. Cayetano Heredia Peruvian University

4. National University of Engineering

5. Peruvian University of Applied Sciences

6. National Agrarian University of La Molina

7. University of Lima

8. University of the Pacific

9. National University of San Agustín de Arequipa

10. Southern Scientific University