Everyone goes through roughly the same basic education system, varying from country to country. And at some point you have the chance to pick between two choices. You either continue studying (usually by going to college) or you can start looking for a job.
Theoretically, if you study more, it pays of in the end. You won’t start doing money right away, but you will end up earning more per year and that will pay off.
This is the “default” system, right?
But it has been debated if it really is true that a college degree will benefit you long term.
So which path is it best?
Let’s take a look at the “pros” and “cons” of each one.
Pros of Getting a Higher Degree
- You get to choose a topic that you are interested in (for me it was computers).
- You have the opportunity to learn from experts.
- After you finish you will have the opportunity to earn more than if you had no degree.
Cons of Getting a Higher Degree
- You won’t start making money right away.
- It will take years to finish.
- The degree you choose might not be relevant to the market, it might all be for nothing.
- High debt (this is a huge problem in countries like the US)
Pros of Stop Studying
- You start making money right away.
- You start getting field experience sooner.
- If you are smart, you have the opportunity to start your own business or apply for a job that will give you the skills that you need to get started.
Cons of Stop Studying
- You don’t feel the need to educate yourself.
- You start might feel satisfied at first, but with the years you will realise you could have done more.
- Extra responsibilities.
There are just some of the pros and cons of each one.
Here is my take on it.
If you decide to get a higher degree you will have the opportunity to study a topic that you are interested, and you will meet teachers that (hopefully) are willing to teach teach you everything they know. The problem is that you have to stay focused and really dedicated to learning everything you can and finish it as soon as possible. Also, you school might provide extra workshops, hackathons, and events where you might learn extra curricular stuff and make new connections. Yes! Making connections are very important, especially if you plan on starting a business or a side hustle.
If you decide not to go to college, look for a job that will give you the skills that you need to start a business/side hustle. Besides that, you will need to go find the right people to work with you (if applicable). Go to events where you are likely to find the right people and make new connections. Your network is your net worth. But if that is not what you wish, look for a company that offers continuous career progress. Your years of experience should be rewarded, don’t be satisfied and always ask for what you are worth.
TLDR on how to succeed on each path.
Going to College
Learn as much as you can, as fast as you can -> make connections -> start a business/side hustle.
Not Going to College
Look for a job where you can learn -> make connections -> start a business/side hustle.
So this means you CAN be successful by either GOING to college or NOT!
It all depends on HOW you decide to do it.
School ends sooner or later, but you can NEVER stop edducating yourself.
This might be shocking, but truth is, one third of billionaires didn’t finish college, and companies are starting to accept people without college degrees because they know that it’s not your tittle that matters, but your attitude and your will to learn and grow.
I chose going to college, but I didn’t have a clear path on what to do next. I had the luck to participate on a hackathon that lead me to the entrepreneurship path, even participated on a startup contest. But I had to take the initiative to go beyond what was being taught.
Whatever you do,
Learn, connect, apply.