With the rise of AI what is the value of college education?

[Anonymous]

Anonymous wrote:I don’t know. Having a nice four years where you do nothing but learn shit sounds pretty appealing to me. Would do it every decade if I could

+1

[Anonymous]

Watching people who don't know any better use AI in instances when it's totally wrong is entertaining.

[Anonymous]

There still will be jobs. Just a lot more scarce.

[Anonymous]

Have you ever worked with people who don’t have college degrees?! Our company call center and other similar positions are filled with people who ended their education at GED or HS. The delta between someone with a college degree and someone who does not is alarmingly wide - communication skills, basic analytical skills, computer skills, maturity, critical decision making, and self regulation skills. For society’s sake we still need college.

[Anonymous]

In its current state, AI is terrible. It would need so much improvement to be a functional replacement for the human brain. Ask the series of lawyers getting sanctioned for using AI and committing malpractice. It’s junk in and junk out. I don’t see how that will ever change.

[Anonymous]

College education has long been a expensive totem to pay auction price for access to a country club (special club) and a career.

[Anonymous]

Anonymous wrote:In its current state, AI is terrible. It would need so much improvement to be a functional replacement for the human brain. Ask the series of lawyers getting sanctioned for using AI and committing malpractice. It’s junk in and junk out. I don’t see how that will ever change.

Sounds like those lawyers aren't smarter than the AI after all.

[Anonymous]

Anonymous wrote:Have you ever worked with people who don’t have college degrees?! Our company call center and other similar positions are filled with people who ended their education at GED or HS. The delta between someone with a college degree and someone who does not is alarmingly wide - communication skills, basic analytical skills, computer skills, maturity, critical decision making, and self regulation skills. For society’s sake we still need college.

I think to mean the delta between someone who passed high school and someone who was passed through high school. College didn't do any of the things you describe.

[Anonymous]

Anonymous wrote:Well…the kids who are experts at AI to do accounting or finance or law or whatever will be the ones that get jobs.

I know that no MD at an investment bank or PE firm is going to learn to use it…so they will still need analysts to churn shit out.

+1 the people who will be employable are the ones who know how to use AI well to do their jobs. It's not like you just hire one person to do all the stuff that needs to be done within an organization. You just need 5 vs when maybe 25. You also have to verify the AI output.

[Anonymous]

I know that no MD at an investment bank or PE firm is going to learn to use it…so they will still need analysts to churn shit out.
+1 the people who will be employable are the ones who know how to use AI well to do their jobs. It's not like you just hire one person to do all the stuff that needs to be done within an organization. You just need 5 vs when maybe 25. You also have to verify the AI output.

So if you just need 5 vs 25, what happens to the 20 college-educated kids?

[Anonymous]

Anybody who asks AI to do something that they themselves cannot do deserves exactly what they get.

An experienced accountant can use AI just the same as she can use a calculator. But giving a high school graduate a calculator and ChatGPT does not make them an accountant.

I am afraid for all of us because there will be millions of Americans using AI to deliver work and they won't even have the ability to know if that work is any good

[Anonymous]

Anonymous wrote:

Anonymous wrote:Have you ever worked with people who don’t have college degrees?! Our company call center and other similar positions are filled with people who ended their education at GED or HS. The delta between someone with a college degree and someone who does not is alarmingly wide - communication skills, basic analytical skills, computer skills, maturity, critical decision making, and self regulation skills. For society’s sake we still need college.

I think to mean the delta between someone who passed high school and someone who was passed through high school. College didn't do any of the things you describe.

Are you someone who didn’t go to college? Because it seems you cannot form a coherent thought.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

+1 the people who will be employable are the ones who know how to use AI well to do their jobs. It's not like you just hire one person to do all the stuff that needs to be done within an organization. You just need 5 vs when maybe 25. You also have to verify the AI output.

So if you just need 5 vs 25, what happens to the 20 college-educated kids?

I know that no MD at an investment bank or PE firm is going to learn to use it…so they will still need analysts to churn shit out.

Then those people will be replaced by cheaper workers who can use AI to do that job.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+1 the people who will be employable are the ones who know how to use AI well to do their jobs. It's not like you just hire one person to do all the stuff that needs to be done within an organization. You just need 5 vs when maybe 25. You also have to verify the AI output.

So if you just need 5 vs 25, what happens to the 20 college-educated kids?

I know that no MD at an investment bank or PE firm is going to learn to use it…so they will still need analysts to churn shit out.

Then those people will be replaced by cheaper workers who can use AI to do that job.

You clearly don't understand what it means to be an MD/principal at one of these firms. The job at this point is to be a sales person bringing in business or convincing a company to sell to you...having enough experience to know which people/company you should bet on...having understanding of complex financing structures and some tax/legal/accounting issues, etc.

This is why senior people won't be replaced. Much of their jobs isn't completing specific, easily defined tasks. That is the job of the most junior people (analysts and associates). If anything, the senior people will make that much more $$$s.

Which isn't to say they will sit back and be luddites. It's just that they won't be experts in using AI in the sausage-making.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

+1 the people who will be employable are the ones who know how to use AI well to do their jobs. It's not like you just hire one person to do all the stuff that needs to be done within an organization. You just need 5 vs when maybe 25. You also have to verify the AI output.

So if you just need 5 vs 25, what happens to the 20 college-educated kids?

I know that no MD at an investment bank or PE firm is going to learn to use it…so they will still need analysts to churn shit out.

Then those people will be replaced by cheaper workers who can use AI to do that job.

You clearly don't understand what it means to be an MD/principal at one of these firms. The job at this point is to be a sales person bringing in business or convincing a company to sell to you...having enough experience to know which people/company you should bet on...having understanding of complex financing structures and some tax/legal/accounting issues, etc.

This is why senior people won't be replaced. Much of their jobs isn't completing specific, easily defined tasks. That is the job of the most junior people (analysts and associates). If anything, the senior people will make that much more $$$s.

Which isn't to say they will sit back and be luddites. It's just that they won't be experts in using AI in the sausage-making.

This. All this.