Success at university no job guarantee – ‘No evidence’ uni success correlates with later achievement

September 29, 2015 8:30 am

 Is getting a degree really worth it in the long run? File photo / NZ Herald

Businesses may be placing less importance on university degrees than
in previous years but employees with tertiary still earn more
on average than those that don’t, according to research by recruitment
company absoluteIT.
In the last few months, consultancy firms EY
and PwC in the announced they were ditching university scores as a
key measure in their graduate recruitment programmes, in the hope of
diversifying their talent pool.
EY’s UK graduate recruitment team
said it would be removing the degree classification from its entry
criteria as there was “no evidence” that university success correlated
with achievements later in life.
Henry Ford (Ford Motors), Bill
Gates (Microsoft), Mark Zuckerberg (Facebook), and Larry Page (Google)
are some of the world’s most famous university dropouts that went on to
be extremely successful, however absoluteIT said tertiary education
often made a difference when it came to pay.

“New Zealand tech professionals with 10 years experience and a
degree earn upwards of 12 per cent more than those without a degree and
the gap only increases as their careers progress,” the company said.
“Education
Counts [also] conducted a study on Tertiary Education outcomes in New
Zealand, finding that employability was higher for those with formal
learning qualifications than for those without.”
Research showed
56 per cent of employers valued employees that had industry specific
qualifications the most, with just 25 per cent seeing the most value in
those with a university degree.
AbsoluteIT director Grant Burley
said although qualifications were still important, employers should
consider the moves that companies such as EY and PwC were making.
“If
you’re an employer, don’t use qualification scores as a quick fire way
to create a short-list,” Burley said. “Take the research these large
organisations have done and know that some of the most successful,
innovative and motivated thinkers might not have thrived in a
traditional learning situation, but they could in your work
environment.”

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