Vocational Degree


DEFINITION of 'Vocational Degree'

An educational certificate that specifically prepares an individual to work in a chosen field. By contrast, a college undergraduate degree focuses on developing an individual's all-around intelligence and critical-thinking skills, but may not prepare an individual for a specific job, depending on the major that is chosen. Vocational degrees offer training for careers such as medical coding and billing, auto mechanics, cosmetology, electrical work and legal secretary work, among many others.

BREAKING DOWN 'Vocational Degree'

Sometimes it is possible to get a bachelor's (college undergraduate) degree in a program that is also offered as a vocational degree, but not all vocational degrees can be obtained through a traditional four-year college. For example, it is possible to become a paralegal by completing law school or by completing a paralegal vocational degree, but few, if any, colleges offer bachelor's degrees in cosmetology.

  1. Full-Time Student

    A status that is important for determining dependency exemptions. ...
  2. Qualified Higher Education Expense

    Expenses such as tuition and tuition related expenses that an ...
  3. Education IRA

    A savings plan for higher education. Parents and guardians are ...
  4. Lifetime Learning Credit

    A provision of the U.S. federal income tax code that lets parents ...
  5. Student Loan Interest Deduction

    A tax deduction for interest paid on higher education loans during ...
  6. Good Student Discount

    An auto insurance policy discount available to young drivers ...
Related Articles
  1. Credit & Loans

    Avoid The Generation Debt Trap

    There is a worldwide generation of young, educated individuals mired in unmanageable debt. Find out why.
  2. Credit & Loans

    College Loans: Private Vs. Federal

    Not all student loans are the same. Know what you're getting into before signing on the dotted line.
  3. Budgeting

    Budgeting While You're In College

    Test your money management skills as you work your way through university.
  4. Retirement

    Student Loan Debt: Is Consolidation The Answer?

    Consolidating your student loans offers convenience, but there are drawbacks.
  5. Credit & Loans

    Student Loan Deferment: Live To Pay Another Day

    Extending your principal repayment date can increase your chances of fighting off default.
  6. Budgeting

    Are The Volunteer Corps Right For You?

    The Peace Corps and AmeriCorps offer low pay, but they offer higher benefits down the road.
  7. Insurance

    What You Need To Know About Student Health Insurance

    Before heading off to college, read up on health insurance plans.
  8. Personal Finance

    Top Universities for Getting an MBA Abroad

    Going abroad for an MBA can add cachet when it comes time to get a job.
  9. Credit & Loans

    10 Ways Student Debt Can Destroy Your Life

    If you're getting a student loan, think critically about how you will manage your loan. Student debt could have a profound negative impact on your life.
  10. Savings

    The Top Seven 529 Plans for 2015

    With so many choices and so many features (tax advantages, fees, annualized returns) to consider, it's hard to know which 529 plan to choose. Here's help.
  1. Student loans, federal and private: what's the difference?

    The cost of a college education now rivals many home prices, making student loans a huge debt that many young people face ... Read Full Answer >>
  2. Can my IRA be used for college tuition?

    You can use your IRA to pay for college tuition even before you reach retirement age. In fact, your retirement savings can ... Read Full Answer >>
  3. Can I use my IRA to pay for my college loans?

    If you are older than 59.5 and have been contributing to your IRA for more than five years, you may withdraw funds to pay ... Read Full Answer >>
  4. Can I use my 401(k) to pay for my college loans?

    If you are over 59.5, or separate from your plan-sponsoring employer after age 55, you are free to use your 401(k) to pay ... Read Full Answer >>
  5. What are the best MBA programs for corporate finance?

    Opinions vary based on which publications you consult, but the best MBA programs for a career in corporate finance are at ... Read Full Answer >>
  6. For which kind of jobs is having Magnum Cum Laude most important?

    Having a magna cum laude degree is most important for jobs in the fields of finance, management consulting and engineering. ... Read Full Answer >>

You May Also Like

Hot Definitions
  1. Section 1231 Property

    A tax term relating to depreciable business property that has been held for over a year. Section 1231 property includes buildings, ...
  2. Term Deposit

    A deposit held at a financial institution that has a fixed term, and guarantees return of principal.
  3. Zero-Sum Game

    A situation in which one person’s gain is equivalent to another’s loss, so that the net change in wealth or benefit is zero. ...
  4. Capitalization Rate

    The rate of return on a real estate investment property based on the income that the property is expected to generate.
  5. Gross Profit

    A company's total revenue (equivalent to total sales) minus the cost of goods sold. Gross profit is the profit a company ...
  6. Revenue

    The amount of money that a company actually receives during a specific period, including discounts and deductions for returned ...
Trading Center
You are using adblocking software

Want access to all of Investopedia? Add us to your “whitelist”
so you'll never miss a feature!