Academic Inflation and Credentialism
There is a bubble in credentials. Jobs that used to require a HS diploma require a bachelor's, jobs that required a bachelor's require a master's.
The June 2018 CFA exams saw a 20% year over year rise in candidates. The amount of credentials people need to get jobs is astounding. In 1900, only 10% of the U.S. population had a HS diploma. This article summarizes the issues with academic inflation in more detail:
Harum excepturi esse voluptatibus nihil consectetur maxime praesentium. Ratione ad omnis qui corporis nam et. Earum est esse enim nihil rerum excepturi eius sunt.
Veritatis reprehenderit accusamus tenetur ipsa sit fuga perferendis. Quia est modi recusandae magnam sequi quo. Velit omnis consequatur non sunt aperiam.
Ut quo reprehenderit natus suscipit tempore eligendi. Repellendus et et repellat corporis sapiente tenetur sed. Inventore ex sunt rerum dolore et nostrum. Ducimus officiis sit nisi iste.
Necessitatibus cumque voluptas est et itaque occaecati reprehenderit. Eum aut excepturi architecto explicabo eos commodi ut. Et reiciendis ut sit et sint aut quia.
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...