By Isaac M.Morehouse writing for Fee Stories
The value of degrees is getting less and less. Perhaps there is a supply and demand effect in play.
From the article,
The famous venture capital firm Andreessen Horowitz developed a framework for evaluating which entrepreneurs were most likely to succeed with their startups. One of the strongest indicators was being a college drop-out. The courage and out-of-the-box thinking needed to overcome social pressure and quit school was a bullish sign. All of these stories share one takeaway in common: a college degree doesn’t do a good job of signaling employability. In fact, choosing not to get one can be a better signal. And no wonder. Employers routinely report that college grads lack basic skills they look for in new hires. (See here, here, and here, for example). In fact, less than 10 percent of employers think colleges do a good job of preparing students for the working world. (Study cited here.)
Having a degree on its own doesn't make up for experience. Decades ago having a degree made you stand out, but as universities have become more accessible it's almost expected that a student will attend university. As a result, the aura around having a degree has diminished.
From the article,
I have seen hundreds of young people with no degree and no experience get jobs that said a bachelor’s and 2-3 years of experience were required. They won these jobs because they showed something more valuable than a few static bullets on a resume. They explained why they chose not to go to college, and that they did an apprenticeship, internship, self-guided study program, or project instead. Employers love it. They get excited. Instead of someone simply taking the path of least resistance and muddling through college because their parents paid for it, they see individuals willing to forge their own way, think clearly about costs and benefits, and take initiative. That’s why college alternative programs often boast placement rates of 90 percent or better immediately upon graduation, while just 40 percent of university students have jobs within three months after graduation.