Why Do Millennials Still Chase Degrees Instead of Skills?

Introduction

The debate about whether millennials prioritize obtaining a degree over acquiring practical skills has been ongoing. While many argue that a degree is an essential accomplishment, others believe that online courses and self-taught skills offer equally valuable pathways to success.

Unvalidated Assumptions

Let's start with a crucial point: it's uncertain if millennials are indeed prioritizing degrees over skills. A degree is a recognized form of accomplishment that requires significant effort and dedication. As society often judges individuals by their accomplishments, pursuing a degree is a logical choice for some millennial students.

The Role of Academic Institutions

Academia plays a vital role in producing specialized professionals. For example, engineers cannot be produced at scale through self-teaching alone or through traditional apprenticeships. Most countries with aspirations of becoming developed nations have established technical schools, emphasizing the necessity of formal education. In established engineering disciplines, a degree is almost always a strict requirement. Degrees should, therefore, remain a priority for many.

The Rise of Online Education

While online courses offer convenience and flexibility, these platforms do not replace the comprehensive structure of formal education. On LinkedIn and other professional networks, one finds numerous discussions centered around the value of online courses versus traditional degrees.

The emergence of online courses has created a parallel market where individuals can acquire many skills without needing a bachelor's degree or higher. However, this evolution has inadvertently led to precarious working conditions. Companies often offer lower salaries, informal contracts, and fewer rights and benefits, thus widening the gap between shareholders and workers.

Shifting the Focus on Practical Skills

Acquiring practical skills via online courses or self-study is like preparing for a boxing match in a basement. While there are gifted individuals who can excel through self-teaching, such instances are rare. Unlike those who pursue formal education, graduates typically have their IQ increased by an average of 15 points, and they receive a structured educational experience that enhances their mental agility. What is often overlooked is that not everyone can educate themselves in a manner that formally accredited institutions provide.

Conclusion

While online education offers freedom and flexibility, it cannot replicate the depth and breadth of a formal education. Universities and colleges play a critical role in preparing students for high-demand careers and fostering a community of intellectual curiosity and innovation. The younger generation must strive to balance both theoretical and practical knowledge to become well-rounded professionals who can contribute meaningfully to society.