Marketplace (my favorite show across TV/radio/Internet) had a great story on college grads and the job market. You can listen to the whole thing here.
Few things that stood out for me and which I plan to share with our team of awesome interns.
In industries across the board, employers viewed an internship as the single most important credential for recent grads – more than where you went to school or what you majored in. Even your grades.
I tend to agree. In the startup world, if I see you’ve had at least some sort of professional experience in which you used Excel or did some research then I know you’re bringing some skill to bear which I know almost no college classroom will teach.
The story also referenced David Boyes, who runs a technology company called Sine Nomine Associates. Boyes said
[t]he company puts probably about a quarter of a million dollars into every single new hire. But that’s the kind of value that we get out of it. We ask people to read Cato the Elder, [w]e ask people to read Suetonius. We do that because we ask them to look at the process – the abstract process – of organizing ideas.
This is really fascinating. Earlier last week we shared the now viral video with Mark Zuckerberg, Bill Gates and others promoting schools to teach more coding to students. But, coming from the head of an IT consulting firm, here is a clarion call for a balanced liberal arts education.
And $250,000 in training for fresh-out-of-college grads at a firm with only 20 employees? That’s pretty phenomenal and if I lived in the DC area and was graduating from college this year I’d really think about applying.