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re: The ROI on college investment

Posted on 11/7/22 at 10:06 am to
Posted by HoustonChick86
Catalina Wine Mixer
Member since Dec 2009
57382 posts
Posted on 11/7/22 at 10:06 am to
quote:

This is the problem right here, isn't it?

Yep!

I got a degree in marketing because I just needed to pick something.

Yes, going through business school was helpful overall. But I sure as shite don't use my marketing skills in my career.
Posted by tiggerthetooth
Big Momma's House
Member since Oct 2010
61342 posts
Posted on 11/7/22 at 10:06 am to
If I were a parent and looking at my kid going to college I would have them enter into college with as many credits as possible. Let them take college credits at local community College or junior colleges and it'll reduce the cost once they get to the 4-year.

This would be a good plan for someone who plans on attending a state school.

I doubt elite schools would accept those types of credits.


Just don't go to college and pay for remedial courses which are literally the everywhere. I even used to watch calc-based physics lectures from MIT professors, they went over the exact same shite as I did at a state school. Am I saying the state school is the exact same? No, but at a base level they're pretty similar.


Posted by Gaston
Dirty Coast
Member since Aug 2008
39053 posts
Posted on 11/7/22 at 10:07 am to
It’s $53k/yr my bad.
Posted by pelicansfan123
Member since Jan 2015
2010 posts
Posted on 11/7/22 at 10:09 am to
I think the college diploma is becoming the new high school diploma in the sense that, even if the job definitely does not need a college education, because (I guess) employers want to see that you had the discipline to finish a degree.

So, in that sense, getting your undergrad degree in general studies is fine if you're just looking for any entry level job and need any degree.

If you're looking for an actual high-paying, specialized job, without going to grad school, then you need to get a degree in a field like engineering or business.


And, having worked with college students, I try to emphasize the following:

Are you trying to do something outside of school related to your degree to help your career, or are you just sitting around and doing nothing productive outside of your studying?

A degree in mechanical engineering is great, but if you don't have any form of experience through a job, internship or research in the field while you're in school, then you're going to be passed by by everyone who does have this experience. You can't just go to class and then hang out/party and expect a job to fall in your lap.

Of course, there are still trades that require trade school, so if that's what you're interested in, then a four-year degree probably isn't worth it.

So, to answer your question, the return on investment is specific to the individual and their goals. If you're looking to make six figures and you're a gender studies major with a limited resume outside of school, then you're probably not going to get close to the return on investment that you want.
This post was edited on 11/7/22 at 10:11 am
Posted by Pax Regis
Alabama
Member since Sep 2007
12942 posts
Posted on 11/7/22 at 10:09 am to
Simple supply and demand. Damn near everyone has a four year college degree now. Not so many know how to weld, turn a wrench, frame a house, etc.
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
99226 posts
Posted on 11/7/22 at 10:10 am to
quote:

The reliance on the excessively high cost of college, just to get in the door is insanity.


And to get in the door for jobs that previously didn’t require a degree, much less two, no less.

It’s a societal issue. We bitch about college costs (and rightfully so) but we’ve facilitated it by going along with companies requiring degrees for jobs that don’t need them. Or jobs they don’t want to provide paid training for in the end.

Posted by justaniceguy
Member since Sep 2020
5476 posts
Posted on 11/7/22 at 10:10 am to
quote:

Is getting a degree even worth the thousands anymore?


Yes.

In many cases, you can’t even get the opportunity to be considered for the job without a degree, even if the degree is in basket weaving.
Posted by llfshoals
Member since Nov 2010
15513 posts
Posted on 11/7/22 at 10:11 am to
quote:

Is getting a degree even worth the thousands anymore?
Im sure it’s been said repeatedly.

Depends on the degree.

Engineering, Nursing (anybody see what travel nurses make these days?), etc. absolutely worth it.

Gender Studies, Sociology, etc. spending 100k to end up being a barista at Starbucks doesn’t work out so well.
Posted by BluegrassBelle
RIP Hefty Lefty - 1981-2019
Member since Nov 2010
99226 posts
Posted on 11/7/22 at 10:13 am to
quote:

A degree in mechanical engineering is great, but if you don't have any form of experience through a job, internship or research in the field while you're in school, then you're going to be passed by by everyone who does have this experience. You can't just go to class and then hang out/party and expect a job to fall in your lap.


At the same time, unpaid internships are a bunch of bullshite.

There’s a legitimate Catch 22 of you need to have X degree to get a job but if you don’t have one you have to have on the job experience. But you can’t get a job (in certain fields) unless you have a degree.
This post was edited on 11/7/22 at 10:14 am
Posted by Tbonepatron
Member since Aug 2013
8447 posts
Posted on 11/7/22 at 10:16 am to
quote:

out of state tuition at Auburn is $56k/yr


Posted by pelicansfan123
Member since Jan 2015
2010 posts
Posted on 11/7/22 at 10:43 am to
quote:

At the same time, unpaid internships are a bunch of bull shite.

There’s a legitimate Catch 22 of you need to have X degree to get a job but if you don’t have one you have to have on the job experience. But you can’t get a job (in certain fields) unless you have a degree.


Oh yeah, for sure. The last school I worked at, at least in the department that I was, required employers to give their students paid internships.

And, yeah, I noticed through my job searches that "entry level" jobs don't just mean college degrees anymore, they mean college degrees with at least a year of experience (that you can't get, because it's "entry" level).
Posted by mytigger
Member since Jan 2008
14850 posts
Posted on 11/7/22 at 10:45 am to
quote:

I would say an engineering degree from Auburn with $120k in debt is still worth it


It’s not “worth it” if your in-state college offers an equivalent degree for 1/2 the cost.
Posted by 777Tiger
Member since Mar 2011
73856 posts
Posted on 11/7/22 at 10:48 am to
quote:

It’s not “worth it” if your in-state college offers an equivalent degree for 1/2 the cost.



the only advantage in that one is that aubbies are similar to the faggies in being very cliquish in the professional world, you can be a first class buffoon going up for a job against someone more qualified and if the the person hiring is from AU or aTm, you'll be getting that job
Posted by Billy Blanks
Member since Dec 2021
3814 posts
Posted on 11/7/22 at 10:53 am to
quote:

Is getting a degree even worth the thousands anymore?



No

The network and connections? 100% worth it. If you don't make those, then it's worthless.
Posted by pelicansfan123
Member since Jan 2015
2010 posts
Posted on 11/7/22 at 10:55 am to
quote:


If I were a parent and looking at my kid going to college I would have them enter into college with as many credits as possible.


And this can include AP (and IB credits too)! Once I got to college, I was definitely upset about that AP exam that I barely studied for and wish I had gotten a high-enough score for credit.
Posted by kciDAtaE
Member since Apr 2017
15820 posts
Posted on 11/7/22 at 11:07 am to
Should be very easy to determine this since every degree is the same, every job is the same, and every individual is the same.
Posted by CasualBystander
Member since Apr 2019
154 posts
Posted on 11/7/22 at 11:14 am to
Less than 30% of working age Louisiana (25+) has a bachelor's degree or higher.
This post was edited on 11/7/22 at 11:15 am
Posted by Goldrush25
San Diego, CA
Member since Oct 2012
33794 posts
Posted on 11/7/22 at 11:25 am to
It depends. These are still people that make hiring decisions, not robots. They have biases.

College isn't about determining if you can do the work these days. Unless you have experience, that's not going to be known until you're actually doing the job. But I think it absolutely helps you to *get* the job. College, recommendations that come from the relationships formed in college are almost like pre-approval with a loan or credit card. Do you need college? No, but college won't hurt you, and it can help significantly because the company simply has more information to go on.

HR doesn't feel like they have to devote as much time to background checks on those types of candidates. They don't want to do more work than they have to do if they're vetting a bunch of candidates that have around the same amount of experience or none at all.
This post was edited on 11/7/22 at 11:30 am
Posted by pbro62
Baton Rouge
Member since May 2016
11413 posts
Posted on 11/7/22 at 12:32 pm to
Yes my child just finished mba at lsu. 24 grand for that. With tops about same for 3 1/2 years. Starting salary in Houston in oil and gas analyst 105K plus 20% bonus and full match 401k plus effective day 1. The MbA was the critical factor in this.
Posted by Starchild
Member since May 2010
13550 posts
Posted on 11/7/22 at 1:00 pm to
quote:

Companies are not paying for 4 year degrees any longer


And yet very often still make it a requirement to even consider a candidate. The type of degree doesn’t always matter, but having one does. Or even 10+ years experience needed for an entry level job where in reality a person could be trained without any of that to do the job effectively.
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