There's an article in the Wall-Street Journal today about the declining value of a college degree. Read the full article Here
The main point of the article is that, for an increasing number of college graduates, earning a Bachelor's degree is not quite the leg-up on the competition that it used to be. This should be readily apparent for any recent graduates that have been attempting to enter the workforce within the past couple of years. Outside of a few fields that are still on the upswing, including engineering and healthcare, more graduates will have a more difficult time finding a job with only a Bachelor's degree.
The article also briefly mentions that even advanced degrees, JD's included, aren't exactly the ticket to a well-paying and secure job that they used to be. "But not all law graduates are so fortunate; many, especially those from less-prestigious schools, have far lower salaries and less job security."
What are prospective students supposed to do? All but shut out of any meaningful careers with just a Bachelor's degree, and facing increasing competition for jobs even with advanced degrees, the outlook isn't exactly rosy....
Thursday, July 17, 2008
Declining Value
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3 comments:
I think college is the new high school and graduate degrees are the new college (as far as opportunities).
I don't think the competition is a bad thing. People with JDs/graduate degrees just need to be more aggressive when they market themselves.
It's a more competitive world than when our parents were looking for their first jobs, for sure. Building up a strong experience base through internships and extracurriculars, networking and fully immersing yourself in your program helps. My boss told me that one of the big reasons I got my current job was because I came in to the interview acting like I knew I was the best fit, and I was confident. I don't have a graduate degree, but I did beat out a couple of people who do. It's all about selling yourself.
I agree with the above two. It seems like you need a degree to work at Starbucks these days and it seems like those who sell themselves are able to succeed more than those who don't.
I know that I have a hard time selling myself. I just feel too stuck up doing it.
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