{"id":826,"date":"2007-12-04T01:00:10","date_gmt":"2007-12-04T09:00:10","guid":{"rendered":"https:\/\/systematichr.com\/?p=826"},"modified":"2007-12-04T01:00:21","modified_gmt":"2007-12-04T09:00:21","slug":"college-recruiting-what-are-you-paying-for","status":"publish","type":"post","link":"https:\/\/systematichr.com\/?p=826","title":{"rendered":"College Recruiting: What Are You Paying For?"},"content":{"rendered":"

I\u2019ve always been a fan of the theory that a 4 year bachelors degree means almost nothing.\u00a0 Having gotten a degree in business administration, finance, Economics, or philosophy amount to almost the same thing as someone enters the workforce.\u00a0 Let\u2019s say a person enters a job in pharmaceutical sales.\u00a0 Were any of the degrees going to make any difference?\u00a0 If the person had a biology degree, would that be better?\u00a0 Certainly it might make the person more attractive, but in reality, the pharmaceutical company is going to pursue a rigorous line of training no matter who it hires.\u00a0 Unless you get an accounting degree and intend to be an accountant, the degree really does not matter.\u00a0 What a four year degree tells employers is simply the following:<\/p>\n

    \n
  1. The potential employee had the ability to get through 4 years of schooling<\/li>\n
  2. The potential employee has some degree of intelligence<\/li>\n
  3. The potential employee has some degree of analytical skills<\/li>\n<\/ol>\n

    The Wall Street Journal\u2019s law blog<\/a> had an interesting write-up of two ex Latham (I assume Latham and Watkins) partners who broke off on their own.\u00a0 Rather than competing for the top students from top schools, they recognized that many of their clients were displaying dissatisfaction with the high price of low value junior attorneys.\u00a0 Therefore, rather than paying top dollar, they decided to go after the second tier students who could be had for much less money, and therefore much lower cost to their clients.<\/p>\n

    My theory here is that if the top students from top schools are seen as low value add, the second tier students are not going to be so different.\u00a0 They will still go through the exact same training and ramp-up regimen, and eventually some of them will become the highly paid attorneys that the top tier students also have a shot at.\u00a0 Sure, good grades say something about the quality of a student and their ability to study.\u00a0 It might speak to their level of intelligence.\u00a0 However, no matter who you hire, you should observe what the 3 to 5 year success rate is.\u00a0 How many of those employees are dropping out? And how many of them are measurably successful in that time period?\u00a0 Perhaps the timeframe is 10 years or more, but I\u2019ll bet you that given the same training program and the same opportunities, the differences between first and second tier students are minimal.\u00a0 Are you investing too much money to get the cream of the crop when you just plan on retraining them anyway?<\/p>\n","protected":false},"excerpt":{"rendered":"

    I\u2019ve always been a fan of the theory that a 4 year bachelors degree means almost nothing.\u00a0 Having gotten a degree in business administration, finance, Economics, or philosophy amount to almost the same thing as someone enters the workforce.\u00a0 Let\u2019s…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","footnotes":""},"categories":[15],"tags":[],"class_list":["post-826","post","type-post","status-publish","format-standard","hentry","category-talent-acquisition"],"_links":{"self":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/posts\/826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=826"}],"version-history":[{"count":0,"href":"https:\/\/systematichr.com\/index.php?rest_route=\/wp\/v2\/posts\/826\/revisions"}],"wp:attachment":[{"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/systematichr.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}