Many of us grew up with the mindset of: go to college, get a degree and get a good job, but has the value of a college degree decreased? Have employers stopped looking at collegian requirements to hire their employees? Many would say it depends on the career choice, a lawyer? yes, you need a degree, a doctor? I would most definitely want my doctor to have a college degree. Consumer Reports’ August 2016 issue found that 45% of the people with a student loan debt believe that college was not worth the money. The student loan business can somewhat be blamed for this kind of thinking.
Glassdoor published a list of companies that no longer require a university degree, The list includes 15 names – Apple, Google, Whole Foods, Hilton, Publix, Ernst, and Young (EY), Home Depot, Starbucks, Bank of America, Penguin Random House, IBM, Nordstrom, Costco Wholesale, Lowe’s and Chipotle. Also, the positions that these companies are hiring for are not just entry-level positions, but technical positions. Abandoning the 4-year degree as a qualification might seem crazy but it’s kind of absurd that so many companies require them in the first place.
Academic qualifications will still be taken into consideration for many companies and when assessing candidates as a whole but it will no longer work as a barrier when getting your foot in the door. Basically, companies will begin hiring peoples whose experience and skills best suit what they are looking for, some of those applicants will have a degree, and some may not. Google acknowledged several years ago that college transcripts and test scores are worthless predictors of later job performance. At IBM, roughly 15% of new hires in the US don’t have college degrees, CEO Ginni Rometty has said that “vocational courses and on-the-job experience offer more relevant training for many tech sector positions than a four-year college degree.” “If you say, ‘I only want a college graduate and I only want a college graduate from my school,’ you’re really making hiring difficult for yourself,” says John Reed, senior executive director for recruiter Robert Half Technology. On top of that, he says, more aspiring tech professionals are open to forgoing a college degree altogether and jumping into the job market where they can make money now.
Don’t get us wrong, we’re not saying college degrees are useless, many people acquire skills that are very valuable when comes to meeting with employers. But automatically saying people who have learned these skills on their own is not fair.