What value a degree?
July 6th, 2010
There’s a bit of a hoo-hah today around the latest news on graduate employability in the UK. According to the Association of Graduate Recruiters, there are now on average almost 70 applicants for every graduate position available. So if you’ve just had your new degree minted, you have a 1 in 70 chance of getting a job that might somehow be related to anything you’ve just spent 3-4 years learning at university. Oh and a sting in the tail comes with the apparent fact that more recruiters than ever are now looking for a 2:1 or a first in the qualifications part of an applicant’s CV.
What does this say about the way we educate our young in this country? I was always uncomfortable with the “let’s get at least 50% of young people into university” mantra that Tony Blair & Gordon Brown spouted as their answer to making Britain more economically competitive in a globalised age where British workers have to compete with Indian, Chinese, European & American counterparts. I mean I’m sure it’s a worthy aim trying to raise the number of people who go to university. Education is one of the most powerful tools we have in improving people’s chances in life. But when more and more people are getting degrees, the law of markets (supply & demand) would suggest that the value of each degree would be reduced.
But alas, hundreds of thousands of young people over the last few years have gone to university and studied for degrees, ending up in a tight market with no work experience and tens of thousands of pounds in debt. Labour did “successfully” raise the number of people going to university: in 2001 only 20% of the population had a degree, but in 2007 that figure went up to 30.8%. But today’s anecdotal evidence reflects on the fact that there are too many graduates, and in a struggling economy, not enough jobs.
Perhaps our graduates are being spoiled and inflexible in demanding higher paying, more professional jobs simply because they have degrees. You can’t really blame them though, this is the system our politicians created. The chief executive of the Association of Graduate Recruiters suggested that graduates might want to be more flexible in their choice of jobs, and even encouraged some to consider working at places like McDonald’s (I can hear a gasp all across Middle England as I write this!). In the light of austerity Britain, his quote is quite apt “Any employment is better than no employment [even] if it’s about flipping burgers or stacking shelves rather than being sat at home feeling sorry for yourself and vegetating”. I do agree Mr. Gilleard, and indeed I worked at McDonald’s when I was unable to find more professional work, without an ounce of shame.
I left school at 16 with a lot of motivation and some good ICT skills. I later went into politics and I’ve been lucky enough to advise Prime Ministers, MPs, presidential candidates and government agencies. I can provide for my family, and I have good work options in the future. I managed all this without a degree. Today, hearing about the exasperations of 2010’s graduates, I have to admit to a pang of schadenfreude and remember all the naysayers in my life who tell me I can’t get to where I want because I don’t have a fancy degree. I’m already half way there, and at least I have a job.
The answer, in my opinion, lies in helping people to find alternative career paths which don’t require a degree. We should make education through primary and secondary better, by implementing the International Baccalaureate which provides a broad, challenging and internationally compatible curriculum. At the same time we should spend more time and money exploring how vocational careers can be developed from an early age. For this we should be looking at Switzerland & Sweden, as well as other countries, for lessons and pointers. One thing is for sure: New Labour’s model of pushing more and more people into university has only de-valued the idea of a degree and has left hundreds of thousands of educated, bright young things on the heap of unemployment. We need to look a-fresh at how we tackle this challenge if we’re to get anywhere near 10 Downing Street ever again.
@chrisjw133 & @clairee_french also wrote on this subject.

I dusted off my old copy of Art of War, one of the most influential books ever written. Art of War, written by Chinese general and military philosopher Sun Tzu in the 6th century BC, presents what is thought of as a bible for military strategists and generals through the centuries. It’s an amazing book and its wisdom can be extended well beyond the military sphere – into business, personal life and work. It’s incredibly foresighted and complete.











