4 Comments
Feb 2, 2023Liked by Daniel May, CFP®

Quite a helpful article! I look forward to sharing this with the many young adults I know.

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Feb 2, 2023Liked by Daniel May, CFP®

Love your articles. Good advice for those considering college or about to join the workforce. Keep up the great work.

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It's odd a welder, plumber and electrician didn't make the list. they all make over $100k where I live. and only welder takes some skill. the others, a high school drop out could do as long as they put effort into the training.

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Even the least valuable degree is better than an complete degree. I believe many do not complete college, leaving them in a bad position - with both debt and no credentialing.

I heard CEO's were asked new hires "liberal arts" vs. "functional degrees" and many thought the liberal arts grads made better employees. However, they fail to tell this to their hiring departments (and/or algorithms) who favor functional degrees. Largely I believe because HR is looking out for themselves (Freakonomics effect). If they hire someone with a business degree for a management position and they don't work out, no one can fault HR. But if they hired a lib art major for the same position and they did not work out "what were you thinking!" CYA.

Many community colleges are offering technical degrees of a wide variety, but typically in-line with local employment needs. How is this working out?

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