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we've tried hiring people with associates degrees or various Microsoft certificates to do some entry level analyst positions - really just monkeys to bang on keys.
Rarely worked out - what a bachelors degree in a reasonable major from a real school shows more than anything else is the person is able to wade through some level of bull shit and get to the end / reach a goal.
Small sample might be not 100% accurate but we no longer hire external w/o 4 year degree - internal candidates with three ( or maybe four ) years experience at the company/ministry can be considered with approval from Div President and HR
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I see the opposite.
I ended up in health care.
Since we are part of the university system, aka academia, I see many more degree-laden idiots applying for jobs than people with actual knowledge or skills. The director that I replaced constantly told people to address her as "doctor" because she had an EdD. She would say "I have a doctorial degree". If you can't even use the proper name for your degree, should you really be bragging and showing condescension to those around you?
I have employees who think that because they have a degree, that it somehow means they are superior to their non-degree holding coworkers, and that they shouldn't have to do certain tasks because it is beneath them. Lazy as hell, but will throw out the "I have a masters degree" when I tell them to do something they don't want to do.
I see resumes full of job hoppers with masters degrees from diploma mills who think they should start off at $80K and also want to work from home. Their resumes look as if they were written by my 4 year old, yet they believe they are worth that much or more due to a piece of paper.
I have employees with no degrees, but who are extremely intelligent and have common sense. Sadly, in academia, the piece of paper matters more than what one is willing and/or capable of doing, so while I am attempting to promote two of these people, it is proving to be a difficult process as they do not hold degrees. These two could run intellectual circles around the "doctorial" holding former director.
So, as I've gotten older, and based on my own college experience, I put very little value in college degrees. 30-40 years ago, I absolutely believe that it made a difference. Now I put more value on someone who was smart enough to NOT go to college, go $50k+ into debt, and likely be indoctrinated rather than educated. Colleges have dumbed down to allow everyone to enroll and graduate, and have stuffed their coffers by doing so. It stopped being about education long ago.
That said, I currently have two children in college. One is a Chemistry major with plans for pharmacy school. The other is undecided, but has a full ride so I told her as long as she's not hitting me up for money she can go and try to figure out what she wants to do.
STEM majors require college. The rest of it is all pretty much bullshit these days. I told my children to find their own paths, and that trades would likely allow them the same lifestyle that a degree will.
MBA's are doing a great job of destroying what is left of our healthcare system.