Views: 218 Author: Hedy Publish Time: 2023-08-22 Origin: Site
The convergence of developments such as a competitive labor market, rising university tuitions, new online learning options, and rapidly changing work positions has resulted in a tipping point in the perceived worth of college degrees. The proportion of employment needing a college diploma...
The convergence of developments such as a competitive labor market, rising university tuitions, new online learning options, and rapidly changing work positions has resulted in a tipping point in the perceived worth of college degrees. According to the Burning Glass Institute, the number of employment requiring a college degree has decreased from 51% in 2017 to 44% in 2021. According to Gallup, the number of 18- to 29-year-olds in the United States who consider college education "very important" has decreased from 74% to 41% in only six years.
One big driver of these trends are companies like Apple, Tesla, IBM, Delta Airlines, and Hilton, who no longer require a college degree for an interview. They realize that the mindsets, abilities, and skills gained from life experience can be as valuable as university diplomas in today’s fast-changing world. In fact, requiring diplomas significantly reduces the talent pool, leaving great candidates out of the hiring process before it even begins.
There is conflicting evidence on how much you will make with a college degree vs without one. According to Georgetown University study, a worker with a bachelor's degree has a lifetime earning potential of $2.8 million. Earning potential without a degree is $1.6 million. However, in a survey of Massachusetts colleges, college graduates were found to earn little more than high school graduates. Furthermore, students must labor for 20 years to repay the cost of their education, money that could have been used to buy a home, invest, or prepare for retirement.
When you have experiences that give you practical exposure to something, you can more easily assimilate and retain the learning, and then apply what you’ve gained in future contexts. The result of this learning-by-doing is what Robert Sternberg, the past president of the American Psychological Association, calls experiential intelligence.
Whether you want to become a software programmer or social media marketer, experience is essential.
While a college degree can potentially signify you’ve gained the foundation for doing a job, real-life experiences assure employers you have real assets to get the job done successfully.
The best job seekers, and the most forward-thinking companies, realize that translating experiences into more broadly applicable skills, abilities, and attitudes and beliefs about work, is the new name of the game.
Clearly communicating your experiential intelligence can give you a leg up. The goal is to help employers understand how what you bring to the job right now can be applied to what’s needed today, and may also be valuable for the future all at the same time.
In today's fast-paced world, a university diploma isn't the sole path to success. In reality, figures reveal that just 25% of college graduates would pick the same educational path again if they could. Furthermore, 41% said they would rather earn a diploma that would quickly qualify them for a high-demand job. Whether you're thinking about going to college, are about to graduate, or already have a degree, there are more opportunities for success than ever before. Just make sure you get some hands-on experience. That is the key to lifelong learning.
and which can open the door to your next opportunity.