CHARLOTTE, N.C. — More employers are no longer requiring applicants for high-paying jobs to have a college diploma.
Let's connect the dots
It used to be that in order to get a comfy job in the big corner office you had to have a college diploma. But now some big-name companies are changing that.
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According to the Wall Street Journal, places like Google, Delta and IBM have reduced education requirements for certain positions. Instead, they are focusing on skills and experience.
So why the change? At the start of 2019, 46% of job listings required a bachelor's degree. By November 2022, it was down to 41%.
And that's your first clue. The pandemic in 2020 and its fallout have caused a tight labor market. Job postings are outpacing the number of people looking for work and that means companies are being less picky.
That being said, someone with a four-year college degree is still projected to earn more over their lifetime than someone with a high school diploma.
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