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    Forums ›› Main ›› Economics ›› College isn't just "not worth it", unfortunately, it's a negative.  


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slacker
 

Registered: Jan 2005
Posts: 628

 

08-17-12 09:27 PM


Quote from BlueTurtle:


what about NASA engineers, rocket scientists, brain surgeons....can you get there from this site that's free? no



That is a credential problem that is going to be solved in the next 5 years.

If I was hiring and someone just passed a 'respected' qualification for an MBA equivalent and he interviewed just as well and had job experience equal to a traditional MBA then I would hire the guy who tested out. I would trust a CPA or CFA exam score much more than the grade inflation and cheating that is acceptable at universities. I would also trust the education toward a standardized 'body of knowledge' instead of a 'professor bias' of classes today. There is no 'quality standard' at the university, it is a body of old farts who gained tenure and stopped working.

Companies know that this degree fixation has got to end, there simply is no alternative to screening candidates today. Soon there will be. Stanford in the AI class had over 100,000 students take the class. They did not issue a transcript but then did send a letter saying that "you placed 520 out of 100,000" instead of an A, B, C, or D. The highest score any Stanford student placed was 441 out of 100,000. I want to hire the 'top 1000' of the graduates of this class. I would know that they are at least as good as a Stanford student taking the same class.

Times are changing, first content moves online, then credentials.

Good luck,

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hoffmanw
 

Registered: Feb 2009
Posts: 123

 

08-17-12 09:50 PM

College is worthy of your time and money IF you plan to be a plastic surgeon, physicist, nuclear engineer, divorce lawyer, etc. Otherwise, you are better off buying some profitable businesses and work your ass off. Most millionaires I met only have high school diplomas. They have several homes and now retire in their thirties.

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piezoe
 

Registered: Jan 2006
Posts: 4954

 

08-19-12 04:08 AM


Quote from slacker:

I disagree completely...

Today anyone can get an excellent education free. Take a look at

https://www.coursera.org/

These are the best schools and the best instructors in the world open to anyone.

This thread confuses 'education' with 'credentials'. In the next few years there will be a way to obtain credentials for a BA or MBA degree the same way that one can become a CPA or CFA today.

If you want to study any 'esoteric' field of study you will be able to do so without worrying about credentials which do not help for these fields as there are no paying jobs there anyway. If you want recognition and respect then publish an original body of work which is also open to more and more people.

What is more and more worthless are the credentials from institutions. Institutions have been 'printing degrees' like the Fed 'prints dollars'.

Education is free to all.

Good luck

Oh how I wish you were right!

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