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re: GOLDMAN SACHS: College may not be worth it

Posted on 12/9/15 at 10:49 am to
Posted by athenslife101
Member since Feb 2013
20650 posts
Posted on 12/9/15 at 10:49 am to
That's exactly what I thought. It was a job for the Georgia port authority so I assume it's something about repairing ships/docks. They must be so packaged together that it isn't as bad as it looks.
Posted by N2cars
Member since Feb 2008
40380 posts
Posted on 12/9/15 at 10:51 am to
quote:

Let's make a lists of pros for going to college and weigh that against the cost of attendance: 1. Co-eds My work here is done.


winnah.


I would tell anyone your chances of success are greatly enhanced w/ a degree.
Facts bear this out, even beyond the expected lifetime earnings.

Back when the unemployment rate was 8%, among those w/ a four year degree, the rate was something like half that. With an advanced degree, the rate was like 2% and I think one of those was Placebeaux's cousin-in-law.
Posted by Kracka
Lafayette, Louisiana
Member since Aug 2004
42504 posts
Posted on 12/9/15 at 11:15 am to
quote:

Technical school?


Currently for profit technical schools are really expensive and you are often in debt when you are done. As far as state run technical schools, I would imagine it's not very far off where these are going to be expensive as well.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18419 posts
Posted on 12/9/15 at 11:22 am to
quote:

Not enough


It is definitely enough
Posted by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 12/9/15 at 11:23 am to
quote:

As far as state run technical schools, I would imagine it's not very far off where these are going to be expensive as well.


I think state supported technical schools are the best value for higher education today unless you want to be a doctor/engineer/anything that requires graduate work.
This post was edited on 12/9/15 at 11:26 am
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18419 posts
Posted on 12/9/15 at 11:24 am to
quote:

I don't believe that. I have noticed most people in construction that claim to make 6 figs are full of shite. The honest ones will tell you they pull in 40-50k per year.


Oh no doubt. Most posters on here love to exaggerate.
Posted by DrTyger
Covington
Member since Oct 2009
22325 posts
Posted on 12/9/15 at 11:26 am to
quote:


What's the alternative?



Don't go to college if you have to go into debt to do it. It's not a difficult concept. Why the entitle generation feels that a college education for everyone is necessary I just can't comprehend.
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18419 posts
Posted on 12/9/15 at 11:30 am to
quote:

Don't go to college if you have to go into debt to do it. It's not a difficult concept. Why the entitle generation feels that a college education for everyone is necessary I just can't comprehend.


Don't act as if going to college wasn't pushed on them by previous generations. It's the whole reason why were in this "college bubble" mess as it is. Children follow the guidance of their parents, usually; don't blame the kids.
This post was edited on 12/9/15 at 11:31 am
Posted by mpar98
Baton Rouge
Member since Jan 2006
8041 posts
Posted on 12/9/15 at 11:31 am to
Has anyone considered its kind of cool to be educated?
Posted by LSUBFA83
Member since May 2012
4353 posts
Posted on 12/9/15 at 11:33 am to
TOPS. Anyone from Louisiana who doesn't take advantage of that system is an idiot. (Assuming you didn't get a full ride scholarship somewhere out of state.)
Posted by N2cars
Member since Feb 2008
40380 posts
Posted on 12/9/15 at 11:34 am to
quote:

Why the entitle generation feels that a college education for everyone is necessary I just can't comprehend.


Because we are taught that a degree is a guarantee of success.

While that is over-stated, it is still mostly true.
Posted by jeff5891
Member since Aug 2011
15979 posts
Posted on 12/9/15 at 11:35 am to
quote:

Oil Field baw
not anymore
Posted by Kracka
Lafayette, Louisiana
Member since Aug 2004
42504 posts
Posted on 12/9/15 at 11:37 am to
quote:

I think state supported technical schools are the best value for higher education today unless you want to be a doctor/engineer/anything that requires graduate work.


I have a career thanks to this system. I almost went into one of the for profit schools, and thankfully I got some great advice, and common sense. Everyone I talk to I advise them to do this over college. Unless its for the fields you mentioned.
Posted by Kracka
Lafayette, Louisiana
Member since Aug 2004
42504 posts
Posted on 12/9/15 at 11:41 am to
quote:

Oil Field baw
not anymore


That shite is drying up baw.
Posted by CadesCove
Mounting the Woman
Member since Oct 2006
40828 posts
Posted on 12/9/15 at 11:43 am to
quote:

GOLDMAN SACHS: College may not be worth it


Are they removing the college degree requirements from their upper management job postings then?
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11985 posts
Posted on 12/9/15 at 12:05 pm to
I would almost guarantee you if you were an exceptional quant/programmer without a degree they would pay you handsomely. If you can make them money, there are no barriers to entry.
Posted by N2cars
Member since Feb 2008
40380 posts
Posted on 12/9/15 at 12:06 pm to
quote:

there are no barriers to entry.


Except getting that first interview.
Posted by Epic Cajun
Lafayette, LA
Member since Feb 2013
37483 posts
Posted on 12/9/15 at 12:09 pm to
quote:

It is definitely enough


Maybe if each spouse makes that
Posted by 13SaintTiger
Isle of Capri
Member since Sep 2011
18419 posts
Posted on 12/9/15 at 12:11 pm to
quote:

Maybe if each spouse makes that


Nothing is funny about you being shitty with money
Posted by SabiDojo
Open to any suggestions.
Member since Nov 2010
84835 posts
Posted on 12/9/15 at 12:11 pm to
quote:

Because we are taught that a degree is a guarantee of success.

While that is over-stated, it is still mostly true.


It's still mostly true for higher white collar positions. The problem is universities have inflated the costs of education so much that it doesn't represent the true economic value of the degree in the working world. The ROI is basically shite.
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