Vocational Degree

AAA

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.

INVESTOPEDIA EXPLAINS '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.

RELATED TERMS
  1. Lifetime Learning Credit

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

    A tax deduction for interest paid on higher education loans during ...
  3. Qualified Higher Education Expense

    Expenses such as tuition and tuition related expenses that an ...
  4. Full-Time Student

    A status that is important for determining dependency exemptions. ...
  5. Education IRA

    A savings plan for higher education. Parents and guardians are ...
  6. Free Application For Federal Student ...

    The form that must be completed in order to qualify for any type ...
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

    Studying in the United States: Boston

    With more colleges than most cities, Boston is a mecca for students from around the world. Here's what to budget to study there.
  9. Personal Finance

    Studying in the United States: Chicago

    Would you enjoy going to college in Chicago? Here's what it's like to study and live in the Windy City.
  10. Credit & Loans

    Is An MIT Education Worth the Tuition?

    An education from MIT may look pricey on the surface, but the earning potential of graduates means it's usually a very solid investment.

You May Also Like

Hot Definitions
  1. Hurdle Rate

    The minimum rate of return on a project or investment required by a manager or investor. In order to compensate for risk, ...
  2. Market Value

    The price an asset would fetch in the marketplace. Market value is also commonly used to refer to the market capitalization ...
  3. Preference Shares

    Company stock with dividends that are paid to shareholders before common stock dividends are paid out. In the event of a ...
  4. Accrued Interest

    1. A term used to describe an accrual accounting method when interest that is either payable or receivable has been recognized, ...
  5. Absorption Costing

    A managerial accounting cost method of expensing all costs associated with manufacturing a particular product. Absorption ...
  6. Currency Carry Trade

    A strategy in which an investor sells a certain currency with a relatively low interest rate and uses the funds to purchase ...
Trading Center