Why a degree is becoming worthless
Alex Laribi – Founder of Generate Awareness
Why a degree is becoming worthless?
Parenting culture taught us to get a degree, and we’ll get a good job. Is it still true in 2019? What about the future? More and more ever-starker facts show us a degree is becoming worthless. But don’t blame them they just wanted a bright a future for us.
A majority of students target a specific degree to “have a good job.” It’s a good idea if you want to be a doctor, dentist, lawyer, or engineer etc. In other words, it will worth studying for several years, if your future job is related to maths and science. In this case, I would even add there is no way around. On the contrary, in most of the other work sectors such as Business Management, Arts, Programming, Web Development, Languages, Sport, Music, Psychology, Hospitality, Tourism, Journalism etc.; a degree won’t get you a job.
Here 8 reasons showing why having a degree is becoming worthless.
1) Most companies prefer to hire experienced workers
It’s known experience prevails over to education in most of the industries. We cannot blame them when they’re looking to fulfil a position they invest money in someone. They have to make the best choice to get a return on investment. For instance, a company looking for a Business Developer will prefer to hire someone who had already contributed businesses to grow rather than a freshly graduated candidate, who knows how to do the job in theory. Some companies are interested in hiring new graduates, but most recruiters prefer hiring experienced workers. However, if lack of experience is slowing you down on your career progression, have a look at this article https://gaforclients.com/2019/03/28/5-ways-to-get-more-professional-experience/
2) Most of the graduates come out with no practical experience
Too many degrees teach a lot of theory and case studies, but no practice.
Some of them include a work experience period, but it’s often too short or irrelevant. Then, when graduates mention it on their CV or during an interview, the recruiter doesn’t look at it. For instance, a lot of graduate programs requires an internship period, but often interns execute duties different to their subject, as long the intern finds a company he can get graduated. As well, some companies hire an intern to have a free or cheap workforce. They might not even care what the intern is learning at school. It could be the reason why recruiters do not give much importance to internships during the hiring process.
3) A degree doesn’t showcase your skills
A degree shows you know a lot about a sector, but not how to do a duty. For instance, you can have a degree in Marketing, but you know how to do a direct mail campaign only in theory. This kind of skills can get enhanced only through experience. Furthermore, to be more straightforward, there are skills you acquire only with experience.
4) Having a degree can cost a lot of money
In the UK, the average cost for a degree is £10,000 a year. Most students apply for a loan because it’s almost impossible to pay cash. Meanwhile, you might have bills to pay. In this case, you might need to work part-time and studying at the same time. It’s very likely you’ll work in a different sector such as working in a pub, restaurant, hotel etc. So you could end up with low-paid job experience, a degree not giving you the job that you want, and having to finish to pay the loan. With this money, you could build up a business or invest in assets.
5) Most of the knowledge you need is available online
Nowadays, Google has an answer to everything. You can find courses in Maths, Electricity, Guitar, Coding, Russian, Physics etc. Some of them are free, some others not, but it will cost you less than a 4-year degree. If you take the time to look for the right courses, you’ll get only knowledge that matters to you and your future job.
6) More companies want to hire skilled freelancers
The number of companies hiring freelancers is continuously growing, and your degree will be, in this field, absolutely worthless. This industry is getting more competitive like ever. If you’re already skilled, and able to showcase a relevant portfolio of previous projects you’ve worked on; high-paying companies will be interested in outsourcing projects to you. If not, you can enhance your skills with online courses and at the same time to work on projects for cheap. This way, you will gain experience, and later you’ll be able to charge more.
7) Most of the successful businessmen aren’t graduated
For me, it is an ever-starker proof that a degree isn’t the road of success. A lot of examples support this idea such as the career of Mark Zuckerberg, Bill Gates, Steve Job, and more likely your boss (or future boss)(See: 20 of the most successful businessman without degrees). It’s not hard to understand the reasons. Meanwhile, their classmates were performing at school; those aspirants entrepreneurs started to launch their business, get relevant experience, fail (yes, as in life in general, failure is part of the path), learn from their failures and restart again. Schools don’t teach us this process.
8) Education is becoming a business
If you have a look at the tuition fees, and the way universities advertise themselves. They act like a business, so they have to make sales and get more students. From this perspective, it’s obvious some schools will care more about your money than your future career. Like in any industry, there are good and bad companies. As well, in general, the criterion which determines a good university is a high pass rate, but nothing about the employment rate of the graduates.