fzwang
yesterday at 12:05 PM
Overall, I think it's still credible, but less credible than before, and heavily depends on your situation.
I run a program for students as a replacement for university, so I'm a bit biased when it comes to this discussion. It's useful to analyze both what a student want out of a degree and how a degree is "consumed" by another party (ex. an employer).
1. University degrees are still the "gold standard" in socially accepted proof-of-education. I think this is mostly due to social momentum. A few years of a "bad batch", ex. due to rampant cheating etc, will not change this. When I talk to other hiring managers, it's a bit of mixed bag. Some sorta understand where the students are coming from, as they also think that a lot of courses etc are arbitrary. Others are more concerned about the ethics of cheating, and the implications on a student's character, rather than the education outcomes ("I can work with inexperience, I can't tolerate lying").
2. If you're planning to pursue a heavily regulated profession, like medicine, you most likely need a degree.
3. As others pointed out, the university criteria now more closely resembles a toll someone must pay to access higher-paying jobs. Ie. it's less about education than gatekeeping. Having it doesn't make you qualified. Not having it disqualifies you in many people's eyes. I think this is partially driving a lot of the cheating. Students sense the disconnect from the university program (and schooling in general) vs real skills. It's just another hoop they have to jump through so they will choose the path of least resistance. For many parents, it's a sort of capstone project for a parenting job well-done. And that adds more to the complexity.
4. How you take advantage of your university experience matters. I wouldn't count on the university for a durable education, ie. actually teaching you things that will make you successful. You need to get that elsewhere (thus the emphasis on work experience). But the social momentum is important, as universities are social centers for young adults, so you may get socially isolated if you don't go. In this case, the value is in the network, not so much the programs etc.
The university experience, despite it's flaws, is still the status quo and definitely the safer "bet". Unless a person have clear understanding of why they shouldn't go, they should probably still go.
mettamage
yesterday at 12:21 PM
How is this better than simply trying to get a dev job through a portfolio at a startup as a young adult? If experience is the differentiator, why go through education at all when you can simply learn it yourself?
I know I'm assuming a lot, but enough people are like this, and I don't think they're aware of the dynamics right now. Moreover, my bias here is tech. I understand that for many professions it's different.
fzwang
yesterday at 12:45 PM
In some ways, it's not better. I agree that the shift is now going towards more real-world experience rather than academics. Part of the motivation for me to create the program was to introduce more self-direction and real-world problems[1].
In addition, I think it's useful to separate education from schooling. What we often confound is the actual acquisition of useful knowledge (fundamental meaning of education) and our institutions (education systems). Learning on your own is very much education!
However, I think employment etc are more complex than just education. There are other factors, like social acceptability, political risk, etc. I've talked to managers who are just risk-averse when it comes to non-degreed students. They'll privately accept that this person has all the skills, maybe even more so than other candidates, but they can't accept them because if this candidate messes up, they will get blamed for hiring them. The political risk is too much, and would be much less if the candidate has more degrees. The systems of accountability is messed up but that's the reality young people have to navigate. They have to understand the markedness of not having a degree. It's sorta like the social version of "the market can stay irrational longer than you can stay solvent."
Depending on what they want to do, the degree won't matter. If you start your own company, obviously no one will care if you have a degree. Some investors see it as a plus. You can argue that putting a 4-yr university tuition as startup capital will teach more useful skills than a degree, even if they don't pursue entrepreneurship later. But most people are not willing or can't take those risks.
[1]https://www.divepod.to