Advertising
Advertising

Do You Really Need a College Degree to Advance Your Career?

Do You Really Need a College Degree to Advance Your Career?

I recently participated in a radio show in which a woman in her 70s called in to ask if she should get a college degree so she could pursue counseling work. That’s a big decision, especially for someone who already has significant life experience.

But her question was one people at various stages of their careers ask all the time: “Do I need to go back to school to advance my career?”

I tell anyone in this situation the same thing: do not saddle yourself with $50-100,000 in student loans unless you can guarantee you’ll be able to pay it back. The Wall Street Journal reported recently that the federal government is garnishing a growing percentage of senior citizens’ social security payments to repay their student loan debts.[1]

Advertising

That’s a terrifying situation for people who are counting on social security to see them through retirement, so think hard before committing to a costly degree program.

To Pursue a Degree or Not to Pursue a Degree?

If you’re on a corporate track, a college education is a prerequisite for walking through the door at major companies. But a bachelor’s degree today is the equivalent of a high school diploma back in the days of the Baby Boomer generation. Everyone has one, so you’ll need at least a master’s degree to distinguish yourself. Some corporations require an MBA from a top-20 business school just to apply for leadership positions, so if you work in the corporate world, getting an advanced degree is in your best interest.

However, if you want to freelance or become an entrepreneur, going back to school is unnecessary. In this case, it is all about leveraging knowledge to get results. In the entrepreneurial world, it is all about meritocracy. Credentials don’t matter. You can learn business skills for free through online platforms such as Udemy, Coursera, and EdX. Those sites offer classes from some of the most prestigious universities in the country, including Stanford, Harvard, MIT, and Yale. For a nominal fee, you can receive certifications after completing skills development courses that you can add to your résumé and LinkedIn profile.

Advertising

Online learning platforms are also valuable for people who want to advance professionally but haven’t had formal skills training since college. Massive open online courses (MOOCs) and nanodegree programs such as those offered by Udacity enable you to develop cutting-edge skills without going back to school.

Google sponsors a free nanodegree course through Udacity, and participants can pay to become certified once they complete it. Executives from Google monitor graduates’ scores to potentially offer jobs to high performers, proving that where you went to college matters less in today’s job market than whether you can code and which programming languages you know. Meritocracy rules!

How to Build a Better Résumé

How you craft your résumé matters as well. Many people submit old-fashioned résumés that are little more than lists of data and dates, but that’s no way to get noticed. Companies care about the skills you possess and the value you bring to the table. Help them connect the dots by weaving your experiences into a narrative about why you’d be an asset to their teams. Be explicit about your goals — What do you hope to achieve in this position? What are your overarching career ambitions? Clarifying those answers makes it more likely that you’ll get to where you want to be. Most importantly, connect the dots of how your past experiences give you the ability to help them accomplish THEIR goals. Show an understanding of their mission and how you can help them achieve it!

Advertising

There’s a saying in journalism that applies to résumé-writing as well: “Show, don’t tell.” Companies see thousands of résumés that follow the standard college, job, date format. Those submissions tend to be uninspiring, no matter how seasoned the candidate. Instead, show them what you can do by saying, “I’ve researched your company and learned that you’re dealing with X problem. This is whom I’ve worked with previously and how I’ve helped them solve a similar issue. Here’s what I suggest you do.”

Not only does this showcase your skill set and problem-solving abilities, it demonstrates the precise value you’ll bring to the company. The conversation becomes richer and more engaging, and you have a better chance of being hired than if you submitted a plain, regular résumé.

Getting noticed in today’s job market requires having desirable skills and being proactive about your ongoing education. Formal degrees are not prerequisites to professional success. But a willingness to seek out learning opportunities is key to building a satisfying career around the work you love. For those looking for help and career clarity, I highly recommend taking a career direct assessment before making major career transitions. That assessment will help you understand your skills, interests, passions, values, and areas of expertise so you can make an intentionally designed move to the area in which you’ll have your greatest success!

Advertising

Featured photo credit: Pexels via pexels.com

Reference

More by this author

Robert Dickie

President, Crown Financial

do you really need college degree advance career Do You Really Need a College Degree to Advance Your Career?

Trending in Career Advice

1 9 Tips for Starting a New Job and Succeeding in Your Career 2 10 Essential Career Change Questions To Ask Yourself This Year 3 10 Job Search Tools Every Jobseekers Need To Know About 4 10 Websites To Learn Something New In 30 Minutes A Day 5 If You Have This Key Behavior, You’ll Be More Successful Than 90% Of People

Read Next

Advertising
Advertising
Advertising

Last Updated on June 13, 2019

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

15 Best Entrepreneurs Books to Start Reading Now to Be Successful

Knowledge is power, and you’re going to need a lot of it if you’re going to be able to steer your business to success.

Without further ado, let’s take a look at the 15 best entrepreneurs books to get inspirations about success and grow your business.

1. Think and Grow Rich by Napoleon Hill

    This book has been dubbed the Granddaddy of All Motivational Literature, and it was actually the first book that gave a prescription of what it takes to be a winner.

    Napoleon Hill draws from the stories of millionaires like Henry Ford, Andrew Carnegie, and Thomas Edison to illustrate the principles he put forth.

    Get the book here!

    2. The Lean Startup by Eric Reis

      A lot of startups end up failing, but many of these failures are actually avoidable. The Lean Startup provides a different approach that is now being adopted all over the world and changing the way that companies are developed and products are being launched.

      In The Lean Startup, Eric Reis describes what is required for a company to penetrate the fog of uncertainty in order to discover a path to a sustainable and successful business.

      Get the book here!

      3. The E-Myth Revisited by Michael E. Gerber

        In a revised edition of the 150,000-copy bestseller, The E-Myth, Michael Gerber refutes some of the myths that surround starting your own business and shows just how commonplace assumptions can end up getting in the way of being able to run a successful business.

        Gerber succeeds in walking the reader through the steps that occur in the life of a business, from infancy, through the pains of growing as an adolescent, to the perspective of the mature entrepreneur.

        Advertising

        Get the book here!

        4. Rework by Jason Fried

          Most of the business books that you get today will give you the same advice: draft a business plan, study the competition, look for investors, and all that.

          However, Rework shows you a more effective, easier and faster means of succeeding when running a business. By reading it, you’ll be able to know why some plans are harmful, why you don’t really need to get investors, and why you’re better of shutting out your competition.

          Get the book here!

          5. How to Win Friends and Influence People by Dale Carnegie

            This is one of the most successful motivational books in history, selling well over 15 million copies since it was released in 1936. The book is timeless, and it appeals to businesses, self-help startups, and general readers.

            Carnegie believes that a lot of successes come from an ability to communicate rather than having brilliant insights. In his book, he teaches how to value others and make them feel appreciated and loved.

            Get the book here!

            6. Outliers: The Story of Success by Malcolm Gladwell

              Through this amazing book, Malcolm Gladwell is able to take the reader on an intellectual journey through the world of ‘outliers’. He asks the question of what truly differentiates high-achievers.

              His answer to this question is that we tend to pay too much attention to what successful people are like, and less attention to where they are actually from.

              Get the book here!

              Advertising

              7. Rich Dad, Poor Dad by Robert T. Kiyosaki

                This is the best personal finance book ever written. It tells the story of Kiyosaki and his two fathers; his real father, and that of his best friend (his rich dad), as well as how the two men helped him shape his opinions on money and investing.

                It refutes the myth that you need to earn high to become rich, and it distinguishes between working for money and having money work for you.

                Get the book here!

                8. The Ascent of Money: The Financial History of the World by Niall Ferguson

                  Niall Ferguson, in this book, follows the money to tell the story behind the evolution of the word’s financial system, from the beginning way back in ancient Mesopotamia to the latest occurrences in what he had dubbed Planet Finance.

                  Fergusson also reveals financial history as the backstory behind our very own history, with an argument that the evolution of debt and credit is as significant as the history of technological innovation and the rise of civilization.

                  Get the book here!

                  9. Liar’s Poker by Michael Lewis

                    Michael Lewis landed a job at Salomon Brothers after getting out of the London School of Economics and Princeton within three years, he had risen to the rank of bond salesman, making millions for the firm and cashing out steadily.

                    Liar’s Poker is the amalgamation of these years — a look behind the scenes at one of the most turbulent times in American business. His book is Lewis’s account of an era where greed and gluttony were the order of the day.

                    Get the book here!

                    10. Drive: The Surprising Truth about What Motivates Us by Michael H. Pink

                    Advertising

                      A lot of people see money as the best motivator. Michael pink says it’s a mistake.

                      In this provocative book, he asserts that the secret to high performance anywhere is the need to direct our lives, to learn and create, and to do better by our world and ourselves.

                      Get the book here!

                      11. Getting Things Done: The Art of Stress-Free Productivity by David Allen

                        Outdated methods don’t work in today’s world. In this book, Allen shares some awesome methods for stress-free performance that he has shared with thousands of people all over the world.

                        His premise? That productivity is proportional to your ability to relax.

                        Get the book here!

                        12. The 7 Habits of Highly Effective People by Stephen R. Covey

                          In this book, Stephen Covey presents a holistic approach for overcoming both professional and personal issues. With insights and anecdotes, Covey presents a way to live with integrity fairness, service and dignity.

                          Get the book here!

                          13. The 4-Hour Workweek: Escape the 9-5, Live Anywhere, and Join the New Rich by Tim Ferriss

                            In this book, Ferriss dishes on the tips he has learned from studying the New Rich, a subculture of people who did away with the deferred life plan and mastered time and mobility to developed luxury lifestyles for themselves.

                            If you’re looking to make your way in this revolutionary new world, this here is your compass.

                            Advertising

                            Get the book here!

                            14. Delivering Happiness: A Path to Profits, Passion, and Purpose by Tony Hsieh

                              The CEO of Zappos shows how a unique kind of corporate identity can help deliver a huge difference in the way results are being achieved — by creating a company that values and delivers happiness.

                              Get the book here!

                              15. Losing My Virginity: How I Survived, Had Fun, and Made a Fortune Doing Business My Way by Richard Branson

                                From Virgin Atlantic Airways, Virgin Records and V2 to Virgin Cola, Virgin Megastores and a wide array of other companies, Richard Branson is the rockstar billionaire that a lot of us want to be.

                                Branson, however, did business by following a simple philosophy:

                                “Oh, screw it, let’s do it”

                                Losing My Virginity is an unusual, borderline outrageous autobiography of one of the greatest business geniuses in the world. Branson and his friends named their business “Virgin” because that was what they were — virgins at the game.

                                Since then, he’s written his success rules, creating a global business that has no headquarters, no management structure no corporate identity as it were.

                                Get the book here!

                                More Inspirations for Entrepreneurs

                                Featured photo credit: rawpixel via unsplash.com

                                Read Next