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Is a college degree still worth it?

Discussions about the economic and financial ramifications of PEAK OIL

Re: Is a college degree still worth it?

Unread postby vision-master » Mon 31 Jan 2011, 18:38:44

College for many has become nothing more than a 'union card' the past couple of decades OR so?
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Re: Is a college degree still worth it?

Unread postby Revi » Mon 31 Jan 2011, 18:45:07

College is worth it if you can do it without many loans. There are ways to get a college degree and not incur much debt. Live without a car, brown bag it, work study, scholarships, etc. It's one of the few places you can be in our society that is outside of the whole commercial world. I made it through both undergrad and grad school with only minimal loans. Of course I worked three jobs and lived on very little. It can be done.

If my job goes away I may pop back into the ivory tower for some more book larnin'. Why not?
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Re: Is a college degree still worth it?

Unread postby Daniel_Plainview » Mon 31 Jan 2011, 18:51:31

$this->bbcode_second_pass_quote('Revi', 'I') made it through both undergrad and grad school with only minimal loans. Of course I worked three jobs and lived on very little. It can be done.


That's a great philosophy if you can land 3 jobs ... however, given the current youth unemployment rate of over 20%, most students will be forced to take out loans to cover the ever-escalating tuition and living expenses.
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Re: Is a college degree still worth it?

Unread postby vision-master » Mon 31 Jan 2011, 18:55:00

$this->bbcode_second_pass_quote('Revi', 'C')ollege is worth it if you can do it without many loans. There are ways to get a college degree and not incur much debt. Live without a car, brown bag it, work study, scholarships, etc. It's one of the few places you can be in our society that is outside of the whole commercial world. I made it through both undergrad and grad school with only minimal loans. Of course I worked three jobs and lived on very little. It can be done.

If my job goes away I may pop back into the ivory tower for some more book larnin'. Why not?


I think you are talking about the past Revi.

The girl next door finishes college last Month. What kind of job does she get. A retail store management job. How fooken grand.

Man I used to envy those college ppl, until I found out many are really not that bright. :lol:
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Re: Is a college degree still worth it?

Unread postby Xenophobe » Mon 31 Jan 2011, 20:32:58

$this->bbcode_second_pass_quote('vision-master', '
')The girl next door finishes college last Month. What kind of job does she get. A retail store management job. How fooken grand.


What is her degree in? And what school did she go to? I know 3 recent MIT grads, all engineers, no trouble finding jobs.

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Re: Is a college degree still worth it?

Unread postby Unconventional Ideas » Mon 31 Jan 2011, 22:50:40

So the answer is everyone should major in marketable fields, and then everyone will get a job, right?

The unemployment situation is really that simple, isn't it?
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Re: Is a college degree still worth it?

Unread postby Xenophobe » Mon 31 Jan 2011, 23:52:50

$this->bbcode_second_pass_quote('Unconventional Ideas', 'S')o the answer is everyone should major in marketable fields, and then everyone will get a job, right?

The unemployment situation is really that simple, isn't it?


Unfortunately, no. American children really have been taught that a college education is the gateway to a better lifestyle. This created a demand for institutions selling "higher education", and corresponding subsidies by the government to make middle class voters happy.

Since you can't create an MIT or Harvard in an afternoon, we got internet schools, community colleges, degrees in womens studies and "leadership", and when the economy was operating under the condition of full employment, things were fine and dandy. A college degree meant you could speak and write passable English and might be able to add, and this being better than a GED holder, and employers needing breathing bodies, they hired these types by the bucketloads.

Alas, these conditions cannot last forever, and didn't. Now, we have a return to what I call "the good ole' days" where quality and experience count and if you want to get and keep a good job you better have skills and experience someone is willing to pay you for.

Or, alternatively, you can start a business, learn to grow your own food and/or become Amish, flip burgers, deliver pizzas, or hang out with mom and dad until...well....you learn that what to those of us WITH training and experience call "the good ole' days", maybe won't be available for shiftless, clueless, never worked a hard day of labor in their lives types.

IMHO.
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Re: Is a college degree still worth it?

Unread postby RankineCycle » Tue 01 Feb 2011, 00:37:22

Depends on the field of study. Engineering, yes. Business, no. Funky over-specialized degree (e.g. "astrobiophysics"), no.
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Re: Is a college degree still worth it?

Unread postby Xenophobe » Tue 01 Feb 2011, 00:45:00

$this->bbcode_second_pass_quote('RankineCycle', 'D')epends on the field of study. Engineering, yes. Business, no. Funky over-specialized degree (e.g. "astrobiophysics"), no.


But certainly not womens studies, basket weaving, Greek art history, Medieval Germanic languages, or English lit.

It is a valid point, should we go to college to learn and be more rounded citizens, or to learn a marketable skill? Not everyone can have a degree, if that happened, who would ever want to flip the burgers or pump the gas?
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Re: Is a college degree still worth it?

Unread postby SeaGypsy » Tue 01 Feb 2011, 00:45:57

Engineering still depends on growth of some kind. Without recent bailouts engineering degrees would currently be in heavy oversupply. It takes at least 4 years to knock over an engineering degree. There is no garauntee of engineering job abundance in 2015. Chindia and SE Asia are churning out millions a year.
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Re: Is a college degree still worth it?

Unread postby Serial_Worrier » Tue 01 Feb 2011, 01:16:41

$this->bbcode_second_pass_quote('SeaGypsy', 'E')ngineering still depends on growth of some kind. Without recent bailouts engineering degrees would currently be in heavy oversupply. It takes at least 4 years to knock over an engineering degree. There is no garauntee of engineering job abundance in 2015. Chindia and SE Asia are churning out millions a year.


Sure you still have to prove you have solid problem-solving skills. The degree by itself is no guarantee that you can handle the real work. But still it gets you in the front door for really good jobs. With no degree you have NO chance.
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Re: Is a college degree still worth it?

Unread postby SeaGypsy » Tue 01 Feb 2011, 02:30:52

Personally I have always chased the money without investing in a specialisation in particular to the point of doing a degree. I have found that I can get good work via a combination of contacts, being prepared to go literally anywhere and having a resume which shows I can apply myself to a very broad array of occupations.

I know a lot of people making good money on oil and gas projects, and 'security contracting' but many other occupations are in the doldrums. Public works engineers and structual engineers are a dime a dozen in Asia. The guys I know making the best money are on security related assingments in the middle east and Afghanistan, often over $500 a day. They are all veterans though and are used to putting their lives on the line.

Oil and gas jobs are often described as 'the most boring jobs in the world' by friends in the game, but the money is pretty nice. Australia is currently paying more than double US rates for blue collar up positions. A rig diver from the US working half the year is on under $60k while the same job on the North Sea or North West shelf is a $1k per day payer. You can get qualified as a rig diver for about $10k over a few weeks. That's what I'm telling my 18 year old son to get into.

I am about to do my umpteenth career change, after 3 years nursing and studying part time I have realised I don't want to do it anymore. If I had gone the route of a degree in nursing, I would have wasted it. As an apprentice on special conditions I have been able to come and go, get paid as if qualified and had a good work life balance. I could have spent 4 years studying to blow glass and not learned a fraction of what I learned apprenticed to my father. I could have studied agriculture and not learned nearly as much as spending several years working and travelling on farms, with a lot of volunteer work on organic places. I could have done a degree in aboriginal cultural studies and not learned a thing compared to having lived and worked with these people for a decade or more over 40 years; somthing which came about by the passions of my father also.

It is rare to meet a young person these days who is genuinely passionate about their career. That is a big part of what is missing. You can have all the quals in the world, but if you don't really love your work, it will gradually wear you down to where you doubt your own validity as a person.

Being passionate about making money used to be enough, once upon a time in the west. No more. Time to rekindle the old ideals of parentage and craft, the talent based trade; the traditional apprenticeship system. Universities have become a joke.

Advice to the young: Look around, take a really good look; find someone doing something that inspires you. Get to know that craft and the people in it. Find the best in the game. Get a feel for the industry and the people by pushing a broom or taking out garbage. Never miss an opportunity to please the team and the boss. Become part of the place, make yourself indespensible; do overtime/ weekends/ night call outs. I am willing to bet with the right attitude you will get to be where you really want to be.
You will be earning and learning. Eventually you will likely gain qualifications via employer sponsored training and RPL. If it turns out not to be what you thought, that's ok, start over. You will have a golden reference for the try.

This attitude has been my truth since I was a very young man. It may turn out my long wait for collapse never ends, but every year it looks more likely sooner than later. I may have missed out on some opportunities in life by not going to University, but I have not missed out on opportunity.
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Re: Is a college degree still worth it?

Unread postby Xenophobe » Tue 01 Feb 2011, 19:55:09

$this->bbcode_second_pass_quote('SeaGypsy', ' ')Never miss an opportunity to please the team and the boss. Become part of the place, make yourself indespensible; do overtime/ weekends/ night call outs. I am willing to bet with the right attitude you will get to be where you really want to be.


This advice is invaluable and, unfortunately, not near as much in evidence as it once was.

My shop has been hiring over the past 6 months, some went well, some not so well. And the right attitude doesn't even get you the interview, if unaccompanied by relevant sheepskin. Just the way it is sometimes.
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Re: Is a college degree still worth it?

Unread postby PrestonSturges » Tue 01 Feb 2011, 20:23:46

You want advice? Throw away your video game console. that's half the battle right there.
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Re: Is a college degree still worth it?

Unread postby SeaGypsy » Tue 01 Feb 2011, 22:06:05

$this->bbcode_second_pass_quote('Xenophobe', '')$this->bbcode_second_pass_quote('SeaGypsy', ' ')Never miss an opportunity to please the team and the boss. Become part of the place, make yourself indespensible; do overtime/ weekends/ night call outs. I am willing to bet with the right attitude you will get to be where you really want to be.


This advice is invaluable and, unfortunately, not near as much in evidence as it once was.

My shop has been hiring over the past 6 months, some went well, some not so well. And the right attitude doesn't even get you the interview, if unaccompanied by relevant sheepskin. Just the way it is sometimes.


My point is that if you had someone who had been making themself usefull at the gofer end of your staff, who showed the aptitude and initiative to the task, you would likely try to find a way to bump them up as opportunity arose. Thus the sweeper can become the manager over time, rather than risking bringing in a new person, who as you say may not have done a day's hard work in their life despite having a nice sheepskin. When I was running glass studios, we used to get new grads trying to wangle a blowing job, not once did any of these work out to be usefull staff. The guys and gals who started as minimum wage labour and proved themselves were the ones who ended up being glass blowers.
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Re: Is a college degree still worth it?

Unread postby Xenophobe » Tue 01 Feb 2011, 22:51:47

$this->bbcode_second_pass_quote('SeaGypsy', '
')My point is that if you had someone who had been making themself usefull at the gofer end of your staff, who showed the aptitude and initiative to the task, you would likely try to find a way to bump them up as opportunity arose.


True. I did exactly this. But that "gopher" also had a degree in computer programming. Without it, no, it wouldn't have happened.

$this->bbcode_second_pass_quote('SeaGypsy', '
')Thus the sweeper can become the manager over time, rather than risking bringing in a new person, who as you say may not have done a day's hard work in their life despite having a nice sheepskin.


Sorry Sea, not in my shop. The sweeper can't become manager unless they collect a PhD in their spare time in some relevant science. I can see how this bootstrap approach works at WalMart and various retail etablishments, heck, maybe even a bank or something, "management" being the key phrase. Where I come from, you can't be management without at least the minimum in academic training (and a decade of experience doesn't hurt) in addition to other noteworthy characteristics.

$this->bbcode_second_pass_quote('SeaGypsy', '
')When I was running glass studios, we used to get new grads trying to wangle a blowing job, not once did any of these work out to be usefull staff. The guys and gals who started as minimum wage labour and proved themselves were the ones who ended up being glass blowers.


Sure. I've seen that happen before. It has even happened at our shop, with college students. Who then completed their masters degree. Without it...nope....
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Re: Is a college degree still worth it?

Unread postby SeaGypsy » Tue 01 Feb 2011, 23:30:03

Your education system is quite different to Australia's. For us it's not difficult to do a degree part time over 6 years while working full time and earning. If your work is relevant to your degree you can usually get recognition of prior learning incorporated into the degree. We also only have to pay back 20% of the cost and we get student allowances. Being enrolled somewhere can help you get a job you aren't yet qualified for in many cases. I would not like to have a huge debt for a career I don't want. Also Australia is very tied in with Asia and high end positions can be filled from anywhere in the world. I know several computer engineers without work in Australia because they don't have the 10 years experience to back it up. If you can work and study in the same area, you become qualified in a timeframe which matches your experience, avoiding this catch.
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Re: Is a college degree still worth it?

Unread postby vision-master » Wed 02 Feb 2011, 11:15:31

I can tell Xenophobe is a book learner. :lol:
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Re: Is a college degree still worth it?

Unread postby Xenophobe » Wed 02 Feb 2011, 19:12:50

$this->bbcode_second_pass_quote('vision-master', 'I') can tell Xenophobe is a book learner. :lol:


Yup. Me learnz the books.

Then I spent 15 years doing field work.

Now I learnz the books some more.
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Re: Is a college degree still worth it?

Unread postby FairMaiden » Wed 02 Feb 2011, 20:09:38

My experience is fairly similar to SeaGypsy where I have worked my way up in a few fields and done well for myself w/no degree. I get bored also so I've done everything from security/private investigating to IT to project management. If you own your own business, the degree doesn't matter.

But the question is whether the degree is still worth it...and I would say no. The value of a degree is deteriorating when you add up the costs of getting it and the number of jobs out there. If I were starting out today tho, I would certainly get an education - I just would go for a technical diploma instead of a degree. Radiation therapy or something specialized that is needed...maybe even plumbing or electrical even tho I'm female.

I know a lot of ppl think gov't jobs are useless and do not create value. But our office does child abuse investigations...I don't understand how you think that gets done if it isn't the gov't? How can you say that's useless? And why would anyone want ppl w/o degrees or some serious training doing that kind of work? (I don't do it directly, I'm in a support role)

I've considered going to night school just to have a piece of paper bc there is a ceiling to where I can go. But, the $ above that ceiling doesn't justify the "shite" I'd have to put up with in my mind.
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