Are Skills and Experience More Valuable Than a Degree?

 

 

 

multitasking31 (1)Today, employers are looking for a variety of talents, skills and personality traits in future candidates.

This means that people who haven’t attended university, have just as much of a chance of getting employed due to the potential skills and experience that they have gained in the time that others have spent studying for a degree.

So, what is more valued – a degree or experience and skill? Are both equally desirable or does one stand out more than the other?

 

Graduates:

  • 1,800 hours spent in college classes for a bachelors degree.
  • New graduates face intense competition and take longer to secure a job.
  • 8.5% unemployment rate of bachelor degree students.
  • 16.8% of graduates are underemployed.
  • Unemployment and underemployment rates have doubled since 2007!
  • Only 42% of graduates will find a job in less than 6 months.

Lack of skills:

  • 75% of employers think schools do not prepare students for the global economy.
  • 8 out of 10 adults say skills and knowledge are important to hiring managers.
  • More than 80% of employers want candidates to have work experience.

Skills and experience:

  • Experience heavy candidates are more favored.
  • 66% of employees are hired on experience over academics.
  • Important attributes: Internships, experience during college, college major and volunteer experience.

Skills are necessary:

  • Communication.
  • Critical thinking.
  • Problem solving.
  • Social skills.

There you have it.  What’s your take on this?

Lets have it in the comment box below.

 

Admin

 

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