Subscribe to CFO Forecasting
Oops! Something went wrong while submitting the form
Should a four-year college degree still be the standard for most professional careers? In today’s world, where online learning and certifications are rapidly gaining popularity, this is a question worth exploring. The landscape of higher education is shifting, particularly in fields like IT, where many professionals now learn technical skills independently or through affordable online courses. Think about it—global platforms like AWS, Microsoft, and Google Cloud offer certifications that are widely recognized and often free. Even business software giants like Salesforce, HubSpot, and Google provide numerous free courses, helping professionals gain specialized skills without the need for a traditional four-year degree. As another example, coding proficiency is a popular skill sought by employers, and you can become a coder without a college degree.
Meanwhile, the cost of a college education is soaring to unprecedented heights. It’s not uncommon for tuition, room, and board to approach $60,000 per year at many well-known institutions, and it’s projected to go even higher. Imagine paying close to $100,000 a year for a college education in the near future—that’s a financial burden that many students and their families are struggling to justify. Graduates are walking away with degrees, sure, but also with mountains of debt that, up until now, were mostly associated with professions like medicine or law.
With any product or service, it’s essential to evaluate the return on investment (ROI). Higher education, once a guaranteed path to upward mobility, is now under scrutiny. Is the price tag still worth it when there are so many alternative paths to success? After all, a person can spend four years in college, taking mandatory electives that hold no relevance to their future job—courses like the history of rock and roll or the science of wine—while another person earns a certification in Salesforce in a few months and lands the same job. The latter could potentially start working years before the former, without the debt or time commitment that comes with a degree.
Some would argue that the value of a college education goes beyond the coursework. Employers often view a college degree as proof that a candidate can navigate a system, follow rules, and handle deadlines. Graduates demonstrate ambition, the ability to collaborate, and a willingness to learn. Colleges also serve as screening grounds for employers; if a student couldn’t handle academic life, they likely won’t thrive in a corporate environment either. Additionally, college can help build a network of contacts that may prove beneficial throughout one’s career.
But does that mean skipping college leaves you at a significant disadvantage? Maybe not. In a world where technical skills can be certified outside of traditional academic settings, more employers are beginning to reconsider the necessity of a degree. Why not take a chance on someone who didn’t go to college but has the specific skills a role requires? Companies could adopt probationary periods where they assess whether a candidate without a degree has the soft skills needed to thrive in a professional environment. It’s possible that employers would even offer a salary discount for taking that risk, which could incentivize them to hire skilled individuals who bypassed the traditional college route.
Moreover, young professionals today may not be as eager to become employees. With the rise of gig work and freelancing platforms, many people are building successful careers as contractors. This is especially true in fields like IT, project management, and creative services. A person could earn certifications, put up a profile on a freelance site, and attract smaller businesses that need specific expertise but aren’t looking for full-time employees. These smaller contracts help individuals gain experience, build a portfolio, and earn references—sometimes more quickly than if they had entered the corporate world after college.
Let’s take the example of someone aspiring to be a program manager. Most entry-level positions in this field will require a degree, but a determined individual could bypass that by earning certifications and taking on contract work. Over time, they’ll build real-world experience and a network of satisfied clients. When they’re ready to apply for full-time positions, their work history and professional accomplishments will speak for themselves—no one will care whether they have a degree, as long as they can do the job.
Even for those who did attend college, as they progress in their careers, their degree becomes less and less relevant. In interviews for mid-level or senior roles, it’s unlikely anyone will ask about the courses you took. Most hiring managers are focused on your current job performance and your recent professional achievements. Unless you attended a prestigious school or your college experience is tied to a sports-related conversation, your degree is simply a check-the-box requirement for HR.
So, what does this all mean? Should high school graduates automatically default to the four-year college path, even as costs skyrocket and alternative learning methods proliferate? Or is it time to pause and consider whether the value of a traditional degree is still as strong as it once was? Should employers start to shift their hiring practices, giving more weight to certifications and real-world experience rather than relying on degrees as a primary filter?
The world is changing, and so too is the value of a college education. While it still holds merit, the idea that a four-year degree is the only path to a successful professional career is being challenged. Today’s young professionals have more options than ever before, and as the workforce continues to evolve, it might just be time to rethink what it really takes to succeed.
Despite the ongoing debate, college remains a core requirement for entering many professions and serves as the highest-probability path for a high school graduate to transform into a professional. A traditional four-year degree still opens doors, providing both foundational knowledge and the credentials many employers seek. However, the point raised in this article is that all stakeholders—students, young aspiring professionals, and employers—should pause and evaluate whether alternative paths, such as certifications or online learning, can also offer value.
Oops! Something went wrong while submitting the form