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I agree more with Chase than George here. 10 years experience enlisted in Navy: Bottom line is this: do you want to be a Officer (great pay, actual leadership position, not "grunt" work, requires Bachelor degree [unless commissioned via LDO/CWO]) or do you want to be Enlisted (earn around 1K a month after taxes when you first enlist, do a technical job, always only be considered mid-level leadership after 20 years in, underneath Officers, as long as you stay enlisted).
Short answer: College Degree (Bachelors, not Associates) is VERY useful. If I had came in 10 years ago as a Officer rather than Enlisted, I would have been way further along on my career and salary than rising up the enlisted ranks. Google "Military pay chart 2016". Look at difference between Enlisted pay (E-X) and Officer pay (0-X). Enlisted will never earn as much as Officer for the same amount of years in, true for any military branch.
George is wrong below because NO ENLISTED job (from my Navy experience) requires college training or any other prior civilian training. All enlisted and officer training is provided AFTER you join the military. The recruiter sells you the MOS/rate/job and you go to bootcamp and then that specific MOS/rate/job military training. Same for Officer. that degree simply allows you to be even considered for a commission, but then after that the training comes afterwards.
Hope this helps. Not saying enlisted is a bad path... just saying there's always going to be your plumbers, mechanics, your "blue-collar" jobs and your "white collar" jobs (doctors, lawyers, administrative, finance). Which do you want to be?
A college degree is extremely helpful in the military. Traditionally, degrees are what separated the officers from enlisted soldiers. However, in today's military, which is much more competitive than ever before, degrees or college experience is beneficial in all areas of the military. My brother is enlisted and said that he had trouble getting promoted since he had fewer college credits than his peers.
Your question actually has a much broader application and it really is about how useful a college degree will be to you in a job. A military assignment is a job, it is not a broad brush, everyone is the same pool of people marching in formation.
So from my point of view, you need to consider what type of work you want to do in the military and then ask the question -- will a college degree help me get ahead.
You can be sure that any branch of the military you join will find work for you and the better prepared you are for the type of work that interests you the better the chance that you will get it if your branch happens to need a slot filled in your field.
Do you have to have a college degree to get the job that you want, no you don't. Depending on the skills needed specific training for jobs such as mechanic, computers, photography or even construction might serve you better than a degree.