- The Recruiting Life
- Is college still worth it in 2023?
Is college still worth it in 2023?
The more educated you are, the more you think college is essential.
This week’s newsletter is brought to you by Jobin.cloud
In this issue:
CHART: AI Job Postings By Metro Area
Nationwide, over 60% of generative AI jobs posted in the year ending in July 2023 were clustered in just 10 metro areas. | Source
Is college still worth it in 2023?
By: Resume Now
Today’s world of work is hyper-competitive. Not surprisingly, everyone wants to crack the code of professional success. Many view education as the cornerstone of a fulfilling career and financial stability. But is it indeed so? Let’s find out.
Here are some recent data on this important topic.
According to the U.S. Bureau of Labor Statistics 2021 Employment Projections, educational background and income are closely correlated, with higher degrees typically leading to higher salaries and lower unemployment rates.
As the Association of American Colleges and Universities 2021 Employer Report shows, 87% of executives and hiring managers do care about your higher education credentials.
Research from Georgetown University calculated that the lifetime earning potential of a worker with a Bachelor’s degree is $2.8 million. Without a degree, the expected earning power is $1.6 million.
In August 2023, ResumeNow conducted a study on over 1,000 U.S.-based workers to examine the link between education and a successful career. Do educational achievements guarantee prosperous careers? Can we be sure that having a college degree will pay off one day? Does a diploma open the door open doors to a brighter future? Keep reading to discover what the study revealed.
College degree & professional fulfillment
At first, participants were asked whether educational achievements were necessary for a future career.
Almost 9 in 10 (87%) believed that education was essential to be successful at work.
The answers differed depending on the respondents’ educational level. The higher the education, the stronger their conviction that a college degree is necessary.
Education was considered essential for professional life by:
65% of those without a college degree
88% of Bachelor’s or Associate degree holders
92% with a Master’s degree or higher
Survey takers also claimed that more education led to…
better job stability – 85%
better job performance – 84%
higher earnings – 81%
greater job satisfaction – 81%
having a more prestigious job – 80%
Additionally, college degree holders were viewed as more likely to…
work in managerial roles than those with lower education levels – 83%
become bosses’ pets than those with lower education levels – 80%
get promoted than those with lower education levels – 78%
Now, let’s move on to see what participants with a college degree think.
Is it worth having higher education?
ResumeNow also examined how degree holders felt about having a higher education.
87% were proud of their educational achievements.
85% claimed an academic degree boosted their self-confidence at work.
83% believed higher education allows them to follow their professional dreams.
Also, almost 9 in 10 (88%) declared that a college degree was worth the money. Sticking to the topic of money, 66% of participants without higher education thought they would earn more money if they were better educated.
Education costs are high, but they’re a lifetime investment.
Some more study findings to mention here:
Only 36% of survey takers claimed they ended up working in the area of their degree specialization. 64% followed a different career path.
72% regretted choosing their area of specialization.
83% stated their current job required higher education.
Is getting a college degree worth it, then? It seems so.
Still, we all have the right to decide how to live our lives. There are different dreams to follow and career paths to choose.
Jobin: All-in-One Prospecting Automation Tool
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The Jim Stroud Show
The Forrest Gump of the Recruiting World
(I was interviewed on the Recruitment Unplugged show and discussed my career and insights into the recruitment industry. Yay!)
Join us on a riveting journey with @JimStroud a man who turned his Hollywood dreams into a remarkable career in the recruiting world. In this episode, Jim shares his incredible journey from aspiring director and writer to becoming a renowned figure in the recruiting industry. With a career spanning over two decades, Jim has worked with giants like Microsoft, Google, and Randstad Sourceright, leaving an indelible mark in the industry. Dive deep into Jim’s innovative strategies, his love for creativity, and the importance of networking in the ever-evolving recruitment landscape. Don’t miss out on the inspiring story of a man who found his true calling and became a beacon of innovation in the HR world.
The Jim Stroud Podcast
Job descriptions are dead. Long live job descriptions!
In my interview with Scott Morris, CEO of PropulsionAI, we discuss unsuccessful return to the office policies and the evolution of the job description. The consensus? Traditional job descriptions are passé; what brings the most benefit are outcome-oriented job descriptions. Scott addresses issues related to a paradigm switch that would massively impact any recruiting organization.
Comic: An Experienced Candidate
“The Number One Job Hunting Book in the World – Free Download” is a free resource for the jobseekers in your network. Feel free to share it with all concerned.
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Why now is a good time to be looking for work
How to know which careers are worth your time
How to look for work in other countries
How to find jobs that will boost your entire career
How to advance your career by writing your resume in advance
How to position yourself to be found by recruiters looking to hire
How to get fired from a job before you even start it
How to find more qualified job leads with less effort
How to start your own online business with no money down
How to find a job on Twitter
How to cold call a company and get a job
Reasons why recruiters never call you back (and ways to convince them otherwise)
How to deal with recruiters who pitch you jobs you do not want
How to get job search help from family and friends
How to use Facebook to get a job
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