You're from a finance background presumably, myself similar, probably both the standard post secondary designations. My concern is for graduates looking to enter into CFA/CA/CPA. Those junior 1 and 2 jobs were sort of essential entry rolls. They built on what university didn't which was practical real-world implementation but also work-ethic. Completing CFA/CPA modules while working upwards of 80-90 hours a week using some of what you were doing in your modules and implementing it into real-world practice/clients. It's also a proving ground, by second year if partners see you as valuable you could be presenting in front of boards and fast-tracked.
Pay was bad, hours miserable, but learning and skill development was rapid, it was essential in my mind, university while providing technical was not at all real-world preparation.
Didn't finish my thought: So what is the solution to those people now missing that due to outsourcing. Do we amend what's taught in university to try to make it more practical. I don't know about you, but myself personally I had to do certain non-commerce related electives during university, and in years 1 and 2 there's certainly genearic non-related courses that could have been totally scrapped that are supposed to "make you a well rounded individual". I think the entire 4 years could be redeveloped to make it more practical or specific.
Somehow things have to change if those foundation years via level 1 and 2 roles at firms or organizations are no longer available in the same numbers they once were.
Kind of tangent but I’ve wasted time and money getting a useless CJ degree eventually pivoting to something else.
If it was up to me, I would absolutely gut 1/3 of college degrees and make them ineligible for grants/subsidized loans etc. we’re not doing kids favors allowing them to make the mistake to go 50k into debt for a sociology degree. Universities have long pushed this nonsense to get bigger to get their phds jobs etc but it’s not sensible for society in general.
Idk what the solution is people hate Trump In trying to repatriate industry or make any dent in the globalist capitalist model in which 1st world corps outsource as much as they can to increase margins. This model
works for people that have significant wealth that reap benefits of their stocks continually going up, but it doesn’t work for young people in the first world.
I look around my office and 1/3 of the people are Indians. An Indian manager gets hired and within 3-4 years most of his reports are Indian on h1b visas. Mgt keeps pushing functions to cheaper markets. Our Emea portfolio is entirely covered by a team in Mumbai. Idk what solution is, protectionism bad, economic nationalism bad, offshoring good— the standard moto for Bloomberg, wsj, economist and every other big business mouth piece.
End rant as I gotta go work