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All Those Arts Majors Can't Find Jobs.... Oh Wait
Posted on 4/6/15 at 10:52 am
Posted on 4/6/15 at 10:52 am
Why MBAs and JDs Can’t Get Jobs
LINK
Like some will always say in this discussion, it's far, far more complicated than just "Arts Majors shouldn't expect to get jobs."
quote:
Her parents had been firmly American middle class and she’d managed to get into Harvard based on an outstanding high school track record. She’d blazed through her four years there before heading off to NYU to get her law degree.
A year into her law career at a large NYC firm, she’d “pulled the trigger.” It became clear to her that the path she had in front of her spending the next decade of her life to pay off over $200,000 in student debt from undergrad and law school wasn’t the future she’d imagined. So she’d bought a one way plane ticket to South American and hadn’t been back.
Her story was similar to that of Megan Parker, the receptionist at a law firm with a bachelor’s degree and over $100,000 in student debt. Stories like Angie’s and Megan at this point are becoming cliche and cookie cutter: ambitious middle class kid goes to good University attempting to realize ambition only to find it wasn’t everything they’d imagined and now they have a bunch of debt and less opportunities than they were implicitly promised. You probably know someone that fits the bill.
These sorts of stories aren’t the norm, they’re still outliers, but they are extremes evidencing a broader trend: for the young and ambitous, certain degrees seem to be less valuable than they once were.
quote:
Even as the rate of unemployment has improved gradually following the 2008 financial collapse, the numbers of people who are underemployed, settling for part time jobs, or giving up looking all together aren’t counted.
Tracking those individuals in the U-6, which, in 2014 (six years after that Recession ended) was still in the double digits: 11.2%. To put that in perspective, that’s around 30 million people. Or one in every ten people.
Could it be that we’re under educated? That the jobs people are looking for require more education than they have right now?
In 1900, less than 10% of 14-17 year olds were formally enrolled in education. In 2000, that rate leapt up to a very respectable 90%. As a result, many would argue that the problem is instead that jobs in today’s market require far more than a high school degree.
quote:
An article for the Atlantic in April 2012 reported that “more than half of America’s recent college graduates are either unemployed or working in a job that doesn’t require a bachelor’s degree.”
LINK
Like some will always say in this discussion, it's far, far more complicated than just "Arts Majors shouldn't expect to get jobs."
This post was edited on 4/6/15 at 10:53 am
22
Posted on 4/6/15 at 10:55 am to Freauxzen
A college degree (I think) is reinforced exponentially in a person with a truly dynamic personality. Someone who is willing to think outside the box and work their arse off.
You don't learn that in college.
You don't learn that in college.
Posted on 4/6/15 at 10:55 am to Freauxzen
Show me an unemployed scientist and I show you a scientist who has unrealistic expectations and/or is unwilling to relocate.
Posted on 4/6/15 at 10:58 am to Sir Drinksalot
quote:
Someone who is willing to think outside the box and work their arse off.
Posted on 4/6/15 at 10:58 am to Freauxzen
Are General Business majors still the largest unemployed group?
Posted on 4/6/15 at 10:58 am to Freauxzen
Anyone can find a job but these people are just not happy with the jobs they have.
Posted on 4/6/15 at 11:01 am to lsu480
quote:
Anyone can find a job but these people are just not happy with the jobs they have.
And part of that is the amount of work and debt you've put into it.
Posted on 4/6/15 at 11:02 am to Sir Drinksalot
quote:
A college degree (I think) is reinforced exponentially in a person with a truly dynamic personality. Someone who is willing to think outside the box and work their arse off.
You don't learn that in college.
Agreed. But as a culture we're still pushing people into college as if it will, and that just creates more problems.
Posted on 4/6/15 at 11:03 am to goldenbadger08
quote:
Are General Business majors still the largest unemployed group?
Mostly because GB is the largest degree pool by a significant margin.
Posted on 4/6/15 at 11:04 am to Freauxzen
quote:
And part of that is the amount of work and debt you've put into it.
That is true but it seems like most kids these days want the high paying job right away, they are not content starting at the bottom and working their way up. A lot of that comes from the fact they take out 6 figure loans for college but they have nobody to blame for that but themselves.
Posted on 4/6/15 at 11:04 am to Freauxzen
People think that they have to go to a 4 year university to amount to anything. That simply is not true. Kids should be informed about going to a technical college and learning a trade. You get out of school nearly debt free and can make very good money right out of school. I mean they are willing to pay welders $30 an hour or higher right now but there aren't any.
Instead kids go to a 4 year university, get out with a general studies degree or an art degree and can't find a job and are in debt. Unless you go to school to be an engineer or accountant you are probably going to start out making pennies or have to sink even more money into a higher degree that still won't amount to anything.
Instead kids go to a 4 year university, get out with a general studies degree or an art degree and can't find a job and are in debt. Unless you go to school to be an engineer or accountant you are probably going to start out making pennies or have to sink even more money into a higher degree that still won't amount to anything.
Posted on 4/6/15 at 11:06 am to Freauxzen
quote:
It became clear to her that the path she had in front of her spending the next decade of her life to pay off over $200,000 in student debt from undergrad and law school wasn’t the future she’d imagined. So she’d bought a one way plane ticket to South American and hadn’t been back.
So, because she is living in South America, she doesn't have to repay her loan?
ETA: By the way, a JD (in particular) and MBA is still a very valuable degree in many other areas. We hire a fair share of JDs and they work in business/financials.
This post was edited on 4/6/15 at 11:08 am
Posted on 4/6/15 at 11:06 am to Freauxzen
Right. Well if you don't have the paper you're screwed if you want a non-self employed type job. So you have all of these kids, they graduate, and a lot of them lack the self determination to get a position over their peers.
Basically, to get the job you want in a flooded market, you need a dipolma AND an incredible work ethic.
The ones without the work ethic are whining.
(Boohoo Francis. Get off your arse and attack the world with a vengeance every day :-))
Basically, to get the job you want in a flooded market, you need a dipolma AND an incredible work ethic.
The ones without the work ethic are whining.
(Boohoo Francis. Get off your arse and attack the world with a vengeance every day :-))
This post was edited on 4/6/15 at 11:09 am
Posted on 4/6/15 at 11:06 am to Freauxzen
quote:
Mostly because GB is the largest degree pool by a significant margin.
Agreed. Much more important to look at the overall percentage in each major that is getting jobs out of school.
Posted on 4/6/15 at 11:07 am to Forkbeard3777
quote:
So, because she is living in South America, she doesn't have to repay her loan?
That is her logic, fricking thief.
Posted on 4/6/15 at 11:08 am to TigerHam85
quote:
Show me an unemployed scientist and I show you a scientist who has unrealistic expectations and/or is unwilling to relocate.
I believe this for all degrees, honestly.
Posted on 4/6/15 at 11:09 am to lsu480
She better stay down there permanently then. That interest on the loan should still be accruing.
Posted on 4/6/15 at 11:09 am to Freauxzen
What the frick is taylorpearson.me?
Posted on 4/6/15 at 11:09 am to Freauxzen
quote:
And part of that is the amount of work and debt you've put into it.
They made that choice. They understood the debt they were taking on.
A good friend of mine is an attorney in NOLA and he had a huge amount of debt coming out of Loyola Law School. It was well over $100,000.
He didn't bitch and moan and move to Argentina, he sacked up and worked his fricking arse off. Long story short after several jobs he eventually opened his own practice and now makes millions......
Posted on 4/6/15 at 11:09 am to Forkbeard3777
quote:
So, because she is living in South America, she doesn't have to repay her loan?
It's the South American loophole.
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