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

[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?

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.

No, I did not say compromising. I am saying that students who might not have been considered as seriously in the past when an applicant pool was very large, are now getting interviews. I think that is a good thing. Also, some of those interviews have proven that as others noted on this post, that state schools can produce some worthwhile candidates. In essence, the name brand university may have been more valuable to get to the top of the resume pile but if the pile is shorter, it is not as important.

[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?

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.

You are drawing a lot of conclusions for the OP here.

[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?

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

When I recruited analysts at Smith UMD 6 years ago it was $80-$90k. Probably liw $100s now.

[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?

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.

Spoken like someone who over invested in a degree.

[Anonymous]

Anonymous wrote:

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?

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

When I recruited analysts at Smith UMD 6 years ago it was $80-$90k. Probably liw $100s now.

I think they just don't want to pay that and would rather claim there are no people to hire when they can offshore for much less.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

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?

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

When I recruited analysts at Smith UMD 6 years ago it was $80-$90k. Probably liw $100s now.

I think they just don't want to pay that and would rather claim there are no people to hire when they can offshore for much less.

Nope we are paying it and have had an open analyst position for over a year.