http://qz.com/180247/why-google-doesnt-care-about-hiring-top-college-gr…
I wonder if this will start to be more and more of a trend. As more and more people go to college, pumping out many idiots who don't know what they're doing (not everyone in school is like this, of course), the value of the degree just keeps going down.
I remember when I was in school, the best people in our compSci department were those who had already tinkered with computers on their own. In my broader experience, the best programmers/sysadmins/whatever I've come across just knew their shit and didn't have any flashy degrees to show off. They sincerely liked what they did and were absolute nerds on it.
Trafigura just recently started an "Apprenticeship" role where they take kids who don't go to college and train them. They even outright say, "With a years’ worth of real world company experience your practical expertise will exceed that of external candidates joining the Trafigura graduate programme with Bachelors and Masters Degrees from some of the world’s top institutions."
http://futuretalent.trafigura.com/en/commodity-trading-apprenticeship/
Will non-degree hires become more and more prevalent as time goes on across firms in finance?
It might be possible - many industries do not require the skills that colleges teach or can be self-taught (commodities rading, software)
If this expands - it may provide a solid alternative to college. As a note, the apprenticeship route is more common in Europe than the US. I think it is a very good idea for people to be more open minded about the "college experience", especially on a macro- level. If this became more popular, reconsidering college may become more prevalent (this goes back to the value of college debate).
Work experience far outweighs education, so take proven talent and train it if you want more bang for your buck. A solid undergrad is enough. I highly doubt that trend will be widespread among the finance industry as it is thoroughly saturated with graduate candidates. Tech is moving toward requiring Bachelor degrees, I don't care what anyone says, that is a fact.
Makes sense for the tech world. One of the best security engineers I ever worked with had a degree in music.
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