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Experience might be more valuable than a degree, finds report

 

With over half (53%) of graduates admitting that their current job is not related to their chosen subject, over a third confess to having regrets about their degree.

UK professionals were questioned by CV-Library about how they feel about degrees and just how valuable they are in the working world.

Interestingly, the majority said they believe experience trumps a degree when it comes to landing a job.

When asked why experience is so vital, they answered:

- It gives you experience in a professional workplace (50.4%)

- It can equip you with useful skills (7%)

- It can make up for your lack of qualifications (6%)

- It can help you to stand out from competition (2%)

- It means you’ll gain a higher salary, quicker (1%)

Lee Biggins, founder and managing director of CV-Library, commented on these latest findings, “It’s worrying to learn that so many graduates have regrets about their degree. Especially given the amount of work that’s involved in gaining one. However, these feelings are understandable, especially considering the current cost of university fees, making earning a degree a hefty financial investment.

“But for those who have completed a degree, it’s important to remember that these are still extremely valuable and a necessity for some roles. If you’re applying for jobs after university, be sure to shout about the transferrable skills you’ve learnt during your studies and tailor each application you submit for maximum impact.”

Interestingly, professionals who didn’t go to university were asked if they would consider studying for a degree, and over half (59.3%) said that they would like to.

Biggins added, “Degrees are clearly still popular but the decision to study one shouldn’t be taken lightly. A degree can provide new learning opportunities, be a gateway into career progression or even give someone the opportunity to change careers.

“However, not everyone is suited to academia. I personally didn’t go to university, instead working extremely hard to make my own business a success. Either way, try to ensure that you have education and experience under your belt to increase your employability.

“Whether this is work experience during the university holidays, or a part-time job during your studies, it can all boost your chances of landing a job.”

Limited or Umbrella? If you are unsure which route would suit you better, please give us a call on 01206 591 000 or email info@contractorumbrella.com to discuss your options.

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Lucy Smith is the Managing Director for ContractorUmbrella Ltd, one of the UK’s Most Respected Umbrella Companies and founder member of AllUmbrellaCompaniesAreEqual. Learn more about Lucy on Google.

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