Author Topic: University (Read 8659 times)

DeltaZero · **Reply #60 on:** May 02, 2006, 18:02:06 PM

Re:University

Reply #60 on: May 02, 2006, 18:02:06 PM

Quote from: Dave

Youll often find that in jobs where your performance can be measured in terms of the revenue you are generating a degree is merely an entry to that job but doesnt count for much beyond simply helping you to get the job.

I know a few non grads working in the city who are doing very well to the tune of six figures per year in their early 20s.

If its entry into the job, then you wouldent have got the job without it so while you might not need the degree to do the job you need it to get it: so its just as important !

Dave · **Reply #61 on:** May 02, 2006, 18:34:21 PM

Re:University

Reply #61 on: May 02, 2006, 18:34:21 PM

Not necessarily.

see the other half of my post that you failed to quote

A degree can help you to get certain jobs but it often isnt the only method of entry. In plenty of jobs youll find that your personal performance counts for a lot more than your qualifications.

DeltaZero · **Reply #62 on:** May 03, 2006, 00:03:48 AM

University

Reply #62 on: May 03, 2006, 00:03:48 AM

If you could have your time again would you tackle the job market without a degree?

SteveF · **Reply #63 on:** May 03, 2006, 00:27:27 AM

Re:University

Reply #63 on: May 03, 2006, 00:27:27 AM

The answers pretty simple... Take 100 people with degrees and 100 without. The ones with degrees will earn more on average.

Most of the people I know who actually work in the city have economics degreesor none at all but of the new intake (thinking last 3-4 years) theyve all had a degree in economics/maths/science and gone through a graduate system ir weirdly gone into it after doctorates in science subjects... weird combination I know but thats about the largest recruitment pool after degrees in economics from the good unis. Noone you meat now of the late 20s starting out in the city is without a degree/graduate scheme or a close friend who introduced them. The point is you cant compare people you currently see in professions to those being employed from this generations output.

A degree for our parents and the 30 somethings (the people youre using as examples) meant you were academic. Right now with everyone having one its really a minimum requirement. Theres a simple response to people like Richard Branson examples... A bank would be very unwilling to give you a business loan to get going without a degree so its getting very hard to reproduce.

Try it... Go into a bank and enquire about a business startup loan. Theyll start by asking for your salary and employer or if youve skipped normal employers to work on your concept they instantly ask for qualifications in the field. Not having a degree makes doing what alan sugar, etc did near impossible... it sucks but its a by product of so many degrees being around. Youre gimping yourself not getting one unless youre going into sales/customer service industry 9-5s in which case youd be better working up the ladder without one.

Dave · **Reply #64 on:** May 03, 2006, 00:33:15 AM

Re:University

Reply #64 on: May 03, 2006, 00:33:15 AM

depends what you want to do.

Im not a sensible person so if I could do it all over again then Id go to uni again purely because I had a lot of fun at uni.

Though if you are a sensible person then it is worth asking what you want to do and what you hope to gain from going to uni. Bear in mind that 3 years lost earnings and 20k debt is a lot of money if your chosen career at the end of it all is something you could have got into without doing a degree.

DeltaZero · **Reply #65 on:** May 03, 2006, 00:36:23 AM

Re:University

Reply #65 on: May 03, 2006, 00:36:23 AM

Quote from: SteveF

The answers pretty simple... Take 100 people with degrees and 100 without. The ones with degrees will earn more on average.

Most of the people I know who actually work in the city have economics degreesor none at all but of the new intake (thinking last 3-4 years) theyve all had a degree in economics/maths/science and gone through a graduate system ir weirdly gone into it after doctorates in science subjects... weird combination I know but thats about the largest recruitment pool after degrees in economics from the good unis. Noone you meat now of the late 20s starting out in the city is without a degree/graduate scheme or a close friend who introduced them. The point is you cant compare people you currently see in professions to those being employed from this generations output.

A degree for our parents and the 30 somethings (the people youre using as examples) meant you were academic. Right now with everyone having one its really a minimum requirement. Theres a simple response to people like Richard Branson examples... A bank would be very unwilling to give you a business loan to get going without a degree so its getting very hard to reproduce.

Try it... Go into a bank and enquire about a business startup loan. Theyll start by asking for your salary and employer or if youve skipped normal employers to work on your concept they instantly ask for qualifications in the field. Not having a degree makes doing what alan sugar, etc did near impossible... it sucks but its a by product of so many degrees being around. Youre gimping yourself not getting one unless youre going into sales/customer service industry 9-5s in which case youd be better working up the ladder without one.

You make some good points Id not thought about there. At the end of the day there *are* some valid points for not getting a degree but when you balance them against each other the only conclusion you can draw is that if you are able to get a degree then there are *far* more reasons for doing so that not.

Dave · **Reply #66 on:** May 03, 2006, 01:42:41 AM

Re:University

Reply #66 on: May 03, 2006, 01:42:41 AM

Im just highlighting a few points for the sake of arguing here tbh... the above post by delta is a fair conclusion tbh..

Quote from: SteveF

The answers pretty simple... Take 100 people with degrees and 100 without. The ones with degrees will earn more on average.

problem with that is that amongst the non grads youve got people who couldnt have gone to uni anyway (cleaners, builders etc..) - if it was possible to compare non grads who could have gone to uni but didnt vs grads then youd probably end up with a lot less of a gap. Though yes there probably still would be a gap.

Quote

Noone you meat now of the late 20s starting out in the city is without a degree/graduate scheme or a close friend who introduced them. The point is you cant compare people you currently see in professions to those being employed from this generations output.

Yes you wont get on a grad scheme at an IB without a degree - in fact these days a mere degree isnt enough - youd be hard pushed to get on one without straight As at A-Level, a couple of summer internships in investment banks and a 1st or 2.1 from a top uni. When they are offering 35k per year starting salarys for new grads they can afford to be fussy.

Having said that non grads arent confined to taking a job in the back office and then working their way up - if you really use your initiative and can sell yourself well then some stockbroking firms do still give junior broker positions to non grads.

Quote

Theres a simple response to people like Richard Branson examples... A bank would be very unwilling to give you a business loan to get going without a degree so its getting very hard to reproduce.

If someone is stopped from going into business by being turned down for a bank loan then they probably dont have the potential to be the next richard branson anyway.

SteveF · **Reply #67 on:** May 03, 2006, 04:05:56 AM

Re:University

Reply #67 on: May 03, 2006, 04:05:56 AM

^yup

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Author Topic: University (Read 8659 times)