They say that fifty is the new thirty, but what may be a more reliable maxim is that college is the new high school. It has been true for a while that undergraduate degrees are becoming the minimum standard for employment, as opposed to a high school diploma—a fact that has led to a great uptick in college graduates working for minimum wage.
The trend has continued upward with most incoming college freshmen expecting to earn a master’s degree after graduation. Master’s degrees are now as common as bachelor’s degrees were for most of our parents’ generations. In the U.S., more than 8 percent of the population has one, which is a remarkable 43 percent increase from where that number was in just 2002.
With so many well-educated job seekers, what is setting some graduates apart? Credentials.
Read on for our take on what is driving this trend and some perspective on how dangerous your institution's sluggish pace of establishing new degree and credential options could be.
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