One in six employers won't hire young people

[Deleted User]

It's not rocket science (unless its aeronautical engineering..); there are league tables of universities and degree courses:

http://www.thecompleteuniversityguide.co.uk/single.htm?ipg=8727

If you work in HR it's your job to be able to decide on the relevance of someone's degree

abaxas

ringo_24601 wrote: »

It's not rocket science (unless its aeronautical engineering..); there are league tables of universities and degree courses:

http://www.thecompleteuniversityguide.co.uk/single.htm?ipg=8727

If you work in HR it's your job to be able to decide on the relevance of someone's degree

Lol,

Maybe if you looked at what they show in the tables, you wouldn't make a fool of yourself.

RankInstitutionStudent SatisfactionResearch AssessmentEntry StandardsGraduate ProspectsOverall Score

Arcaine

ringo_24601 wrote: »

It's not rocket science (unless its aeronautical engineering..); there are league tables of universities and degree courses:

http://www.thecompleteuniversityguide.co.uk/single.htm?ipg=8727

If you work in HR it's your job to be able to decide on the relevance of someone's degree

Thanks, just found out I went to the 80th out of 115 in the uk, guess my degree is worth naff all, although I did suspect that anyway based on my results. :cool:

abaxas

Aghghgh

My head is going to explode.

The league tables have NOTHING TO DO WITH THE VALUE OF THE EDUCATION PROVIDED.

wotsthat

Arcaine wrote: »

Thanks, just found out I went to the 80th out of 115 in the uk, guess my degree is worth naff all, although I did suspect that anyway based on my results. :cool:

46th out of 90 - eat my dust!

Derivative

I wouldn't put too much stock in that table.
They lump together / split up subjects seemingly randomly.

Reactor_2

abaxas wrote: »

Aghghgh

My head is going to explode.

The league tables have NOTHING TO DO WITH THE VALUE OF THE EDUCATION PROVIDED.

I think the only value that counts is how much you get paid afterwards.

This is a simple equation to solve to see if your degree had any value.

The time and money you spent on your degree should be the same amount of time and money it takes to earn it afterwards. This will create a break-even scenario.

So if you take a 3 year course and net it costs you £50k, then you need to earn net £50k over 3 years to say you've broken even with your investment. If it takes longer, then you know you've wasted your money.

The trick to the equation, of course, is to start on a large salary to begin with.

However common sense will tell you that you need be guaranteed to be earning at least the average salary of £26k when you come out, otherwise you'll just start at the bottom like everyone else with no qualifications, defeating the point of going to university.

Derivative

Reactor wrote: »

So if you take a 3 year course and net it costs you £50k, then you need to earn net £50k over 3 years to say you've broken even with your investment. If it takes longer, then you know you've wasted your money.

Not quite. Better would be need a 50k premium over your entire working life (plus some for inflation).

Accounting for the three years of 'lost work' isn't too relevant I think, as it's fairly likely that would have been on a low salary and thus go mostly towards living costs. Going from GCSE/A-levels to £20k+ in first year isn't too common I'd think.

abaxas

EdgEy wrote: »

Not quite. Better would be need a 50k premium over your entire working life (plus some for inflation).

Accounting for the three years of 'lost work' isn't too relevant I think, as it's fairly likely that would have been on a low salary and thus go mostly towards living costs. Going from GCSE/A-levels to £20k+ in first year isn't too common I'd think.

If you want the best balance you leave school at 16, take day release for A levels and university.

You are then 23/24 with a degree, 7/8 years of experience and money in the bank.

Takes a strong willed person to do it though. But you'll destroy any other applicant for the job.

Reactor_2

EdgEy wrote: »

Not quite. Better would be need a 50k premium over your entire working life (plus some for inflation).

Accounting for the three years of 'lost work' isn't too relevant I think, as it's fairly likely that would have been on a low salary and thus go mostly towards living costs. Going from GCSE/A-levels to £20k+ in first year isn't too common I'd think.

You could get £76k (£50k premium over average £26K) straight out of Uni at 21, but it would be a combination of salary and bonus. No doubt you'd need a first from Oxford or Cambridge to have a chance.

Accounting for the 3 years lost work is important as it's an opportunity cost. If you've not got into a graduate scheme, then you are just another person with no experience looking for a job. My point being you'll be earning less than someone who has been working for 3 years, who has left college at the same time as you, doing the same job. Plus they won't have the cost of university.