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Hiring managers are less and less impressed by where you went to college — or if you have a four-year degree at all. Nearly half — 45% — of companies have dropped degree requirements for some roles this year, according to new research from ZipRecruiter, which surveyed more than 2,000 U.S. employers. Instead, companies are prioritizing skills over education: 42% of companies are now explicitly using skills-related metrics to find candidates, LinkedIn told CNBC Make It in June, up 12% from a year earlier. "Employers have the perception that younger generations are no longer picking up these important soft skills at school or at college," she explains. Between 2021 and 2022, when companies were desperate to fill vacancies, many lowered their recruiting standards, hiring more "novice employees" lacking these important soft skills, says Pollak.
Persons: Julia Pollak, Marissa Morrison, Morrison, Pollak, Gen, Amanda Augustine, you've, Augustine Organizations: CNBC, Harvard Business, Glass Institute, Employers, Society for Human Resource Management, Global Locations: ZipRecruiter
Top Colleges for High-Paying Jobs in Data Science
  + stars: | 2023-04-26 | by ( Demetria Gallegos | ) www.wsj.com   time to read: 1 min
Princeton graduates who go into data science earn over $37,000 a year more than the median B.A. graduate in the field over 10 years, according to the Burning Glass Institute. Photo: Bryan Anselm for The Wall Street JournalPrinceton University graduates who enter the data-science field earn more than graduates from other schools, according to a new salary-based ranking of undergraduate schools by Burning Glass, a nonprofit organization that researches employment trends. Princeton-educated data scientists earn an average of $138,014 a year in their first 10 years in the field, a premium of more than $37,000 a year over the earnings of the median graduate in data science. The median graduate’s average annual salary over the first 10 years of earnings is $100,323.
Top Colleges for High-Paying Jobs in Law
  + stars: | 2023-04-23 | by ( Kailyn Rhone | ) www.wsj.com   time to read: 1 min
Stanford B.A.s who go into law earn a premium of more than $49,000 a year on average over 10 years compared with the median earnings of a college graduate in the field . Photo: Jeff Chiu/Associated PressGraduates of Stanford University who go into law earn higher salaries than other schools’ graduates in the field, according to a ranking compiled by the Burning Glass Institute, a nonprofit that researches employment trends. The top public university for law salaries in the new ranking is the University of California, Berkeley.
Top Colleges for High-Paying Jobs in Management Consulting
  + stars: | 2023-04-14 | by ( Kailyn Rhone | ) www.wsj.com   time to read: 1 min
Harvard graduates in management consulting earn over $61,000 a year more than the median B.A. graduate in the field, according to the Burning Glass InstituteGraduates of Harvard University who go into management consulting earn significantly more than young professionals from other schools who enter the field, according to a ranking compiled by the Burning Glass Institute, a nonprofit that researches employment trends. The top public university in the new ranking is the Georgia Institute of Technology.
A WSJ survey found that 56% of Americans now say a four-year college degree isn't worth the cost. The findings underscored a decade-long college enrollment decline, which the pandemic exacerbated. Dips in confidence in college degrees were especially stark among women and older Americans, the WSJ survey found. A similar decline was reflected in older Americans: 44% of older Americans thought college was worth it, compared to 56% in 2017. Between 2017 and 2019, 46% of middle-skill and 31% of high-skill jobs nixed college degree requirements, according to a 2022 report from Burning Glass Institute.
Persistent labor shortages are causing more and more companies to drop degree requirements. That gap represents millions of potential workers who could do a great job even if they don't have a college degree. Now, a number of companies have scrapped degree requirements to widen their net and diversify their workforce. As more companies cut degree requirements, Burning Glass Institute predicts another 1.4 million jobs will open to these workers in the next five years. Here are seven companies who've dropped degree requirements and are leading this skill-based sea change in the job market.
A bachelor's degree has become a common requirement for landing US jobs, even those that didn't previously require one. Josh Shapiro signed an executive order opening up 92%, or roughly 65,000, of state jobs to those without college degrees. They urged more states to follow to move the economy away from a preference for college degrees, restoring a sense of fairness many Americans feel is lost. Oregon also issued a temporary order in 2022 allowing those without bachelor's degrees to work as substitute teachers. A college degree may increase your earning potential, but it may not hold the keys to the middle class for much longer.
Data research company the Burning Glass Institute, Harvard Business School and the Schultz Family Foundation recently ranked the 250 biggest U.S. public companies in terms of this kind of investment. Of all of the companies they surveyed, one stood out as the best place to grow your career: telecommunications giant AT&T. "In fact, less than 5% of all roles at AT&T require a college degree." "Additionally, of the roughly 45,000 roles we filled across the business in 2022, nearly 50% were filled by existing employees." Check out:The 10 best U.S. places to work in 2023, according to GlassdoorWant to land a remote job in 2023?
The company was among the best for career stability and growing talent. It ranked among the best companies for career launchpad, career stability and advancement without a degree. MicrosoftTech giant Microsoft came in among the top companies for career stability, growing talent and advancement without a degree. It ranked among the best companies for career launchpad, career stability and advancement without a degree. It ranked among the best companies for career launchpad, career stability, growing talent and advancement without a degree.
Working-age men without degrees are exiting the workforce because it isn't helping their social status. For these men, jobs aren't just a source of income; they're a source of social status. That's especially true for white men, Wu writes, and younger men, who see a job with limited pay growth — which they believe could affect their marriage prospects and social status — as worse than no job. Why men without college degrees are leaving the workforce to save their social status, and what they can do insteadWu said marriage market anxiety for younger male workers is likely the prime reason for leaving the workforce when their social status declines. Studies show that stress and low-self-esteem linked to lower social status contribute to worse health and early death.
Research suggests a college degree isn't as much of a requirement as it once was for many jobs. But there's one thing George lacks: a college degree. An analysis by the Burning Glass Institute, a nonprofit research group, found that the share of jobs requiring a college degree has fallen in recent years. Beat the bots through keywords — and find a friendly recruiterGeorge, who works at Logan Capital Management in Pennsylvania, could recall only one time when not having a college degree cost her a job. "If you're up against someone with a liberal arts degree, you're more likely to progress because you know how to sell," he said.
Retail workers at Gap are significantly more likely to become managers than at other companies in their industry. Apple Inc. is among the best places to work if you want to land a bigger job elsewhere. For employees seeking security, few companies offer better job stability than Exxon Mobil Corp. Certain companies, it turns out, excel at helping workers in these jobs move up the career and pay ladder. New skills at those firms don’t always translate into promotions, higher wages or more opportunities to advance.
On the other hand, overall employment growth has been much stronger than normal. Why has employment growth remained so strong? And it’s likely that these represent structural changes to buying patterns that will keep demand high. Employment growth is likely to slow down from its historically high rates, but it will still remain solid in the coming months. The only option that leaves the Fed is to engineer a recession by continuing to raise interest rates.
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