Gen Z grads are right: Degrees don’t matter to top employers anymore, CEO who has studied thousands of companies confirms

• Graduates at Gen Z and Millennial College call their degrees worthless.They may be right. The great place to work CEO says that today's top employers do not “even talk about degrees”. “They talk about skills.”

Employers are eliminating their degree requirements, AI threatens to steal many corporate jobs and recent grads pull their hair if the time and money they pour into a piece of paper is worth it.

Today, the great place in the work CEO confirms the transfer of priorities: degrees are really irrelevant and no longer important to employers.

The company reviews more than 23,000 companies a year throughout 170 countries to uncover what sets the crème de la crème of employers. With FateIt has heard from the way -thousands of employees to rank Fortune 100 best companies to work for the list -and in its helm all the CEO Michael Bush, spent over the last decade that has varying in hiring skills and the trends that shape the world of working today.

“Almost everyone realizes that they are missing out on great talent by having a degree requirement,” Bush said Fate. “That snowball is just growing.”

“The over -focus focus on the last five years – and the companies on our list – are around the skills and skill development,” he added. “They also don't talk about degrees now. They talk about skills. What skills do you have and what skills will you need in the future? Many of activity there. “

The CEO added that the transfer to the practice-based lease is caught worldwide because ultimately, degrees only feature a person's knowledge of a subject-not if they have the skills to actually do the task at hand.

“If you want to start making a match between complex problems and people need to solve them, a degree will not help,” Bush explained.

“The help is if people have perseverance and desire and the actual skills required to bring innovative work solutions and AI is now using to match people with challenges and complex problems and companies. They will make the use of a skill database, not degree. Degrees are not related to that review.”

The move to the eq over the IQ

Not only the number of qualifications in your name is important: countless executives from Amazon's Andy Jassy and Cisco's David Meads to Kurt Geiger's Neil Clifford and Tim's Tim Tim Cook emphasized the success that depends on the attitude. Meanwhile, Google, Microsoft, IBM, Apple and Latest DeloitteAll have removed their long degrees required for jobs.

Bush said moving towards skills-first leases began for two main factors: a shortage of talent and an increase in leaders with leadership powers that they themselves did not gain a degree.

“It helps people realize that this doesn't matter,” he added. “It didn't wake up and realized, hey, maybe there's a lot of talents with no degree.”

Case in point: Mark Zuckerberg dropped out of college to find Facebook. Today, he runs the $ 1.4 trillion social media empire Meta and his “philosophy” is to find people with a skill – such as writing a novel about mermaids (his example).

Most employers today have “some kind of psychometrics in their process, some ways to see how aware the person is,” Bush said.

So job seekers, warned: you can see an increase in interview tests involving coffee cups, salt and pepper shakers, and offbeat questions thrown away to see what you really did.

And in his eyes, moving away to degrees that the only ticket to gold opportunities is almost a good thing.

“We try and understand what people are doing to make sure everyone has the opportunity to get hired in their company, to make sure everyone has the opportunity to promote within their company, it's the requirements of being a good place to work for everyone – with opportunities for everyone. Everyone is with people without a degree,” Bush said.

“I'm not saying they are not worth having. Those are the personal decisions people make,” he added. “It gets acceptance in workplaces to focus more on real performance, and fewer than things that can prevent you from good talent – and degrees have a way of doing so.”

Gen Z and Millennials say their degrees are 'worthless' – but some still pay

Not only are the employees who say the degrees are obsolete; The young people who have them take stock of the current market and call them worthless.

In fact, more than half of Gen Z Z grads say their degree is a “waste of money,” according to a new survey in fact.

But separate research shows that some topics are still worth studying, with degrees in the STEM leading to six figures of salary after college.

According to new data from the Federal Reserve Bank of New York, the Aerospace Engineering majors topped the list of mid-career revenues, with a median annual revenue of $ 125,000. In addition, a separate study that has highlights the advanced degrees, often in the medical field, is the key to unlocking jobs that pay more than $ 200,000.

This story was originally featured on Fortune.com