what do guys think about gen z

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.

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Comments (47)

Aug 4, 2020 - 3:02pm
jgdry:

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.

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.

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Aug 4, 2020 - 3:30pm

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."

β€œThe three most harmful addictions are heroin, carbohydrates, and a monthly salary.” - Nassim Taleb
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Aug 4, 2020 - 3:44pm

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.

  • Trader in VC
Aug 4, 2020 - 5:09pm

"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.

Aug 4, 2020 - 6:09pm

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

Aug 4, 2020 - 6:55pm
jgdry:

What Do Guys Think About Gen Z

First of all, I don't get Snapchat.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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  • Intern in IB - Cov
Aug 5, 2020 - 9:44pm

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

  • Prospect in Other
Aug 6, 2020 - 1:22pm

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.

Aug 4, 2020 - 8:13pm

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.

Aug 5, 2020 - 3:03pm
ResiMan:

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.

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.

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

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Aug 5, 2020 - 3:11pm

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.

Aug 4, 2020 - 8:41pm

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...

Aug 4, 2020 - 8:48pm

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

Array

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Aug 6, 2020 - 12:04am

Do you actually have any idea about how the Breonna Taylor shooting went down? It is not that simple.

Dayman?
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Aug 6, 2020 - 11:15am

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

  • Analyst 3+ in HF - Event
Aug 5, 2020 - 10:36am

Agree. They are by far the most arrogant and ignorant out there...which itself is the biggest irony about them.

Aug 5, 2020 - 11:41am

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.

Aug 5, 2020 - 1:00pm

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.

Aug 5, 2020 - 1:27pm

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.

Aug 5, 2020 - 1:36pm

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.

Aug 5, 2020 - 2:18pm

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)

Aug 5, 2020 - 3:30pm

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.

Aug 5, 2020 - 7:15pm

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Aug 5, 2020 - 11:47pm

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