How Relevant Are Academic Degrees In The Workplace?

Mpho Bosupeng

MPRA Paper from University Library of Munich, Germany

Abstract: Education expenditure is vital to most economies. Many countries aim to allocate the largest share of their national budget to education with the hope of obtaining high returns. Lately, unemployment among the youth with degrees has been soaring in developing economies such as Botswana. In addition, many successful young entrepreneurs have made a living using their own talents without college training. This raise eyebrows and makes one think- how relevant are academic degrees in the workplace? This paper evaluates how contributive a college degree is in the workplace and if it is still necessary to invest in education. This paper is structured as follows. Firstly, an examination of the importance of a university degree in the workplace is discussed. This will be followed by reasons why a college degree is not critical in the work environment. Lastly, a conclusion of the research follows with implications and recommendations.

Keywords: Education relevance; education expenditure; payoffs of education (search for similar items in EconPapers)
JEL-codes: I26 (search for similar items in EconPapers)
Date: 2017-02, Revised 2017-03
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