How will tight labor markets weaken the value of college degrees?

[Anonymous]

I work in finance in a large corporation. We continue to have trouble filling analyst and manager level positions vs. past years. The prestige of the degree on the resumes matters much less now that applicants are scarce. At the same time I am saving every spare dollar for my kid’s’ education. Im starting to think with projected population declines, any state school degree is just fine. Thoughts?

[Anonymous]

Sshhhh the emperor wears no clothes!

[Anonymous]

I hope that’s the case!

[Anonymous]

Even if you get an entry level job, it’s hard to get above others in rank and position over time when you are trying to compete without a degree.

[Anonymous]

The bigger concern is now with AI disrupt/displace white-collar jobs. Like finance.

[Anonymous]

With the population decline, admissions to "elite" schools might become slightly easier fwiw - even a bit

[Anonymous]

Anonymous wrote:The bigger concern is now with AI disrupt/displace white-collar jobs. Like finance.

for these AI apps, we need thousands to support it!

[Anonymous]

Anonymous wrote:The bigger concern is now with AI disrupt/displace white-collar jobs. Like finance.

Yes wont you need fewer finance, accountants and even writers??

[Anonymous]

Maybe the question really is "what college majors will be most relevant with AI?"

[Anonymous]

Anonymous wrote:

Anonymous wrote:The bigger concern is now with AI disrupt/displace white-collar jobs. Like finance.

for these AI apps, we need thousands to support it!

Not really. Not in the long term.

[Anonymous]

Anonymous wrote:I work in finance in a large corporation. We continue to have trouble filling analyst and manager level positions vs. past years. The prestige of the degree on the resumes matters much less now that applicants are scarce. At the same time I am saving every spare dollar for my kid’s’ education. Im starting to think with projected population declines, any state school degree is just fine. Thoughts?

I think it's a temporary issue--and whether automation/AI outpaces population declines. But most fields haven't focused on the prestige of the degree anyway for awhile--finance is one of the slower fields in that regard.

[Anonymous]

Anonymous wrote:I work in finance in a large corporation. We continue to have trouble filling analyst and manager level positions vs. past years. The prestige of the degree on the resumes matters much less now that applicants are scarce. At the same time I am saving every spare dollar for my kid’s’ education. Im starting to think with projected population declines, any state school degree is just fine. Thoughts?

I think top state schools now are filled with great students. They will continue to grow in popularity.

[Anonymous]

Anonymous wrote:

Anonymous wrote:I work in finance in a large corporation. We continue to have trouble filling analyst and manager level positions vs. past years. The prestige of the degree on the resumes matters much less now that applicants are scarce. At the same time I am saving every spare dollar for my kid’s’ education. Im starting to think with projected population declines, any state school degree is just fine. Thoughts?

I think top state schools now are filled with great students. They will continue to grow in popularity.

The issue is that getting into a top state school is harder and harder in many states. The choice for many UMC families is going to a weaker in-state school or shelling out money for a stronger OOS public or private school.

[Anonymous]

Anonymous wrote:I work in finance in a large corporation. We continue to have trouble filling analyst and manager level positions vs. past years. The prestige of the degree on the resumes matters much less now that applicants are scarce. At the same time I am saving every spare dollar for my kid’s’ education. Im starting to think with projected population declines, any state school degree is just fine. Thoughts?

So to sum up your post, you are compromising on the candidates because you can’t get the ones you want. And then you draw a conclusion that top schools are less valuable. But if you could get them to apply seems you would hire them.

Makes sense.

[Anonymous]

Anonymous wrote:I work in finance in a large corporation. We continue to have trouble filling analyst and manager level positions vs. past years. The prestige of the degree on the resumes matters much less now that applicants are scarce. At the same time I am saving every spare dollar for my kid’s’ education. Im starting to think with projected population declines, any state school degree is just fine. Thoughts?

How much are you paying? What do people think is a decent starting salary for an analyst?