http://www.forrestrace.com/drop-out/
How come a college drop out get the same or maybe higher position than a college graduate?
I’ve noticed a changed in corperate america. I have a buddy who is a college drop out and a buddy who doesnt even go to college and just go straight to work out of HS. They worked in a Mortgage company. One of them become an Escrow Office making really good money. I saw a guy in my company who got a college degree and just got hired for loan processing. If you dont know what loan processing is, it’s just no brainer job sorting documents. A college drop out having a better job then a college graduate? Amazing.
A guy can go straight out of highschool and work for a Mortgage company going through temp agencies. So does it mean a college degree is irrelevant?
An escrow officer IS a type of loan processor/loan officer. It’s a glorified clerk position and it pays well because it’s boring and repetitive with high turnover because smart people can’t stand doing it. Anyone can work for a mortgage company – all you need are basic math skills.
There’s no “change” in corporate America – this job and many others like it have existed for decades. There are jobs like this that pay well where corporate America does NOT want college graduates. Why? Because college graduates tend to think for themselves, want to advance to more challenging work, and have something bigger in mind than just making money.
Microbiologists, statisticians, teachers, anthropologists, and many others with 4 or 6-year degrees can make less money than mortgage brokers. How much you make doesn’t mean a thing unless you compare that to longterm job advancement, satisfaction, and earning power.
By the way, 60 years ago, right after World War II, the vast, vast majority of business people (mostly men) did not have college degrees.
Drop Out part 1
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