As part of gen z, I believe we are kind of different from the other generations. it seems we care less of “regular” education and more about the person if that make sense. A lot of them no longer believe in college or institutions. I was wondering how do you guys think this generation will change the workforce in both finance and other careers.
| +89 | Zoomers are doing life wrong | 28 | 1d | |
| +70 | GF doesn’t care about her looks | 46 | 45m | |
| +52 | How to develop a thick skin? | 22 | 5d | |
| +39 | Insurance as High Finance? | 10 | 1d | |
| +36 | Affair with my Associate… In Desperate Need for Advice | 21 | 3h | |
| +35 | 400k/year in HVAC sales? | 26 | 4h | |
| +32 | Would you rather live alone in an outer borough or with roommates in Manhattan? | 23 | 1d | |
| +31 | Framed Photo of CEO on desk. | 16 | 1d | |
| +24 | BO -> ??? | 14 | 5d | |
| +22 | When do you plan to buy your first house and how much do you expect to spend? | 24 | 14h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Good luck getting a job in finance without a college education
Lmao you think gen z's are really targeting high finance positions these days? If anything they are all applying for the limited "diversity and inclusion analyst" spots
nah all the smart ones are in tech
Yes, previous generations were taught grammar and punctuation. Your lack of formal education is showing while trying to argue that lack of formal education will shift the workforce. I think we're good.
I don’t care to generalize an entire group of people by which year they were born in.
But the topic of changing education is really interesting. I believe Google just rolled out their own education platform that will be treated as a degree when hiring.
I’ve had this discussion with friends- education in of itself is meaningless. You could learn a ton off MIT open courseware and books, in fact someone who does that probably would end up better educated than an average person with a degree. To willfully learn without the goal of a specific GPA and signal, that’s someone who really wants to deeply understand topics.
I’d bet if took a sample of college students across the US and offered to give them a 4.0 for $50k, and nobody would be the wiser, you’d have a ton of takers. It’s not about learning, it’s about how you passed through a selective screen and did your homework consistently.
In the words of Mark Twain, “I never let my schooling interfere with my education.”
I think we should abolish liberal arts degrees personally
That’s by far the dumbest think
I heard
A lot of people say this to me, possibly to belittle my ivy league education, but I think we already have seen this happen as a result of millennials fewer people get graduate degrees. It used to be pretty normal for all the tops students to get a law degree and/or a MBA. But for many reasons this has become increasingly less common. In recent history there have also been many more people who skip college and start a company, most fail, but the few Steve Jobs types get touted as an ideal role model. However, these changes are more on the margin than an outright exodus of all colleges. IMO College is actually becoming a more important filter as the job market continues to become more competitive. This is a trend which will likely continue due to the high unemployment and contraction in underfunded BS colleges. At this point I'm kind of ranting so I leave you with this:
College enrollment will probably continue to marginally decrease, but IMO the value of an elite name brand degree will continue to appreciate as education and the job market become exponentially more competitive.
“belittle my Ivy League education.” How dare they question someone of such intellectual superiority. They simply do not understand the value in spending $300k on a degree.
I spent more like 80k all together. I got a ton in scholarships which made it very affordable. But there's nothing wrong with other schools, I started at an excellent public college, before transferring.
TBH I think about my ivy league education very little and speak about it even less. Only people who are insecure or envious make a big deal about it. But the point I was trying to make was about society as a whole not my own experience
Every generation thinks they are different. In reality, we are all the same.
Exactly.
They do not understand the concept of “know your audience”
First of all, I don't get Snapchat.
Okay, boomer.
From someone falling squarely in Gen Z, nor do I.
Using it feels so juvenile, like something a 10-12 y/o should be spending their time on
Snapchat is like a smoother version of Whatsapp. It's easier to send pictures and videos, so people use it for that. It's very easy to send homework or test questions to other people.
My impression of Gen Z is that it's the first generation that's grown up totally immersed in the virtual world- social media, video games, Netflix, and so on- from day one. I live in that world now too, but as a millennial I can actually remember the world before, when I was a kid. Sure, there were the internet and video games, but they were nowhere near as pervasive as they are now.
In some ways the change has made people much savvier than they were, and much better informed...in a broad but shallow way. In other ways it has made people much stupider. I get the sense that the number of books people read has nosedived in the last 15 years or so. I have a harder time focusing myself, but years ago I used to read tons of books. I don't think even the smartest 18 or 22-year-olds read anywhere near the number people that age used to...and it shows.
Probably the main reason younger people still make so many Harry Potter references is that those were the last books they were capable of finishing before electronic screens finally fried their brains.
One of the biggest issues with this psychologically is the amount of dopamine that the average person craves from likes or responses or thousands of interactions. This is a new way of humankind receiving dopamine and this is the first generation to be around it from a young age.
I would be considered one of the oldest in Gen Z and I agree with this. My attention span has deteriorated noticeably since high school. I had to start making a conscious effort to limit screen time and read more books because I was utterly addicted to my phone and social media.
The few that I know are definitely different. They think I'm a moron for having a regular job. One makes Roblox games, used to run Minecraft servers, does some type of Discord cottage business, etc. He has no plans of going to college when he graduates high school.
Another is deep into selling items on Etsy and maintaining "aesthetic" instagram accounts. She posts pictures and stories that fit certain styles and she seems to have a fair number of sponsored posts with decent brands for just having a handful of accounts around 50-200K followers.
They really have 0 interest in a 9-5 job. Pretty interesting and I can't fault them given they were good students who are disillusioned. My only worry for them is that they seem to think they will be failures if they haven't made enough money to live comfortably in their early 20s and need an average job.
Everything they do is in my name, so maybe I'll eventually join them. I'm not that much older...
I thought you're already doing CorpDev as a COO
CorpDev is just a part, albeit the largest part, of my job now. Would be cool to eventually do something more entrepreneurial. Especially if they can continue their COVID growth post-COVID.
As a college kid, they think they are tough and "taking on the establishment", but just a bunch of brainwashed liberals who cry when something doesn't go their way, whether it means getting a bad grade in a class or getting caught up in an activist shitstorm like Breonna Taylor (her boyfriend shot first).
Give me bananas before mods delete tho
Do you actually have any idea about how the Breonna Taylor shooting went down? It is not that simple.
Richard, I'm going to address a bigger problem here - critical thinking.
you lumping large amounts of people together with simple explanations is a logical fallacy. we often seek a simple explanation to issues because it makes decision making easier, but in reality, some things are more complex, and other things are simply not knowable.
for example, how indicative is your observation of college kids on the entirety of the youth of America and their opinions? do you have population level data to draw conclusions from this? or, do you see a few posts on instagram shared that align with a certain viewpoint and it makes you think "this is what everyone thinks?"
another thing you have to come to terms with is it's OK to not know what's going on, because no one does. I'll put this back on you, as a college kid, you are supposed to question everything because this is the time in your life where you can do nothing but learn and explore. challenge your own viewpoints. check your logic, and don't be so quick to rush to judgment.
just like you see the illogical nature of a group of people becoming activists or brainwashed liberals, I see a lack of critical thinking on your part drawing conclusions for a group of people which are not monolithic at all. check yourself homie
I find Gen Z to be the types of people who think they understand the plights and shortfalls of millenials, boomers, etc., but really are rather myopic and overzealous in their view.
Agree. They are by far the most arrogant and ignorant out there...which itself is the biggest irony about them.
gen Z is killing it. way happier than millennials and kinder, less prejudiced, and more entrepreneurial than boomers
Cringe
Who cares really? Gen Z doesn't care about the opinions of millennials, gen y's, boomers, etc.
All generations think their's was the best and most innovative, whilst simultaneously shitting on other generations. Nothing has changed.
I think they're really hard-working people, with a good moral compass.
They have to work much harder than the previous generations, because there's just so much competition today. My old boss (in his 60's) said that he probably wouldn't even have gotten a call back today, if he were to apply for a junior position, with his own credentials from back in the day/that got him in over 40 years ago. And I agree with that.
It's easy to generalize, and shit on a whole generation of youth - but I've seen fist hand how much harder they have to work, and paying more for less every damn year. Hats off to any kid that manages to make it on their own these days.
And I think it's good that they're not afraid to raise their voice on issues that have flown under the radar for too long.
Very strange. Too into video games and weird Tik Tok shit.
Call me a boomer IDGAF
In business/finance, education’s main purpose is signaling - it's not about what you learn but it's about your ability to get through a university level program and finish it. That signals conformity, conscientious, and intelligence.
These are all traits valued by employers, and it's damn hard to signal them through means other than a college degree. especially conformity.
all the jobs that need that are being automated away. Nobody cares if you're a good secretary, in by 8 and do every boring task assigned to you by 5 anymore. It's all software. Even the mines and factory lines are turning into robots, I see it in engineering a ton too.
If you can't think creatively with a broad range of knowledge you're basically holding on to your last job before retirement.
I'm talking about the reality on the ground, right now. I don't know what holds for the future, but what I do know is that big businesses recruiting for finance/management roles tend to use a college education as a means to select their future employees.
As a Gen Z’er, I can tell you a lot of people feel very entitled to other people’s money. Free college is a very popular idea and when I try to point out the flaws in burdening other people with your investment into a future career they don’t know how to answer it with anything other than “well everyone deserves an education that’s a human right.”
tl;dr We are the generation of entitlement (read:socialism)
gen Z are young kids, nothing more. every generation goes through a phase of dumbassery, which is how I view a lot of this stuff.
for millenials, it was occupy wall street when all of my mentors were saying that it's not wall street's fault, it's people who were irresponsible and then got taken advantage of by unethical mortgage bankers. people also talked about free college and healthcare then.
my grandparents (greatest & silent generation) looked down on the flower children and baby boomers when they were in their 20s, they thought we just fought a war to eradicate evil and all you care about is doing LSD and listening to Jimi Hendrix.
later boomers and older Gen Y's were looked down upon in the roaring economy of the 80s and 90s as conspicuous consumption was rampant (declining interest rates, lowering unemployment, 20 year economic boom, relative global peace pre-9/11, etc.)
it's not gen Z, it's kids in their 20s with mushy brains and fucktons of hormones. there will be characteristics of this generation that set it apart like growing up with social media and shit like that, but its far too early to do a thorough analysis
just like my parents think it's dumb that I can't write in cursive, people today will say tiktok and whatever else are stupid.
My generation (gen z) is a bunch of pussies
Nam nihil quia assumenda repellendus qui. Ipsum et est facere quis cupiditate odit.
Harum vitae et voluptates est reiciendis est modi a. Eligendi eum incidunt laboriosam occaecati quod. Rerum asperiores sunt cum ratione tempora.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Voluptatem qui et deleniti pariatur. Exercitationem iure sit et ut architecto amet. Quibusdam ducimus atque voluptatem quidem dolores blanditiis expedita. Temporibus aut eius quidem sed. Cupiditate nihil dolorum cupiditate nobis velit dignissimos at. Laudantium dicta sed animi provident ut amet nam. Et assumenda facilis minima et maxime dolor.
Neque aliquam et laboriosam asperiores provident sit. Et impedit ab hic quaerat aut. Quo ut sint porro voluptatum est iste.
Est voluptate quia beatae enim sit et quod enim. Officia et eos repudiandae provident cum alias omnis. Modi facilis ut id quia. Dolores provident sit fuga nam natus sed.
Recusandae est voluptatem voluptatum omnis nemo. Rerum repudiandae at veniam sunt et pariatur quis.