Since the innovations and upgrades in technology in the last few years, competition in the market has increased significantly. Now people have to work on skills to get a good job and good income, due to which the value of the degree has reduced significantly. In such a situation, many students are worried about whether their degree will help them in getting better job opportunities?

In fact, the economist of Harvard University has told in one of his research that how nowadays certificates and degrees have become just a piece of paper and there is a phase of degree fatigue in the market. In which just having a degree is not enough to get a good job.

Degree was once the golden key

Harvard labor economist David J. Deming and researcher Kadhim Nore said in their 2020 research that degrees like applied sciences, computer science, engineering and marketing have no value today. This shows that these degrees, which were considered the key to success at that time, are now outdated. Not only this, today even business degrees cannot give you immunity. Harvard Business School said that even top MBA graduates are struggling for high paying jobs in the market today. In such a situation, the shine of degree seems to be failing to shine.

Students don’t want to take humanities?

While on one hand the condition of applied sciences is so bad, on the other hand the decreasing interest of students in humanities is also a matter of concern. According to data from Harvard Crimson, there has been a decline in the number of people choosing humanities as a career option. In such a situation, students have shown more interest in STEM and career focused programs. Also, it has been seen in Harvard’s 2022 report that in the market, companies now give preference to degrees with specific skills and digital literacy instead of generic degrees.

By what degrees is the market value falling?

According to Harvard report, these 10 degrees are losing their importance and market value –
1. General Business Administration (MBA included)
2. Computer Science
3. Mechanical Engineering
4. Accounting
5. Biochemistry
6. Psychology (Undergraduate)
7. English and Humanities
8. Sociology and Social Science
9. History
10. Philosophy

Which skills will be useful?

According to a Student Choice Report of 2025, there is a lot of market demand for ranking engineering, computer science and nursing. In such a situation, only those students will be able to survive in this competitive market who, apart from degree, have skills, intelligence, creativity and critical thinking.

Also read – Now live telecast of Uttarakhand Group-C exam, biometric attendance at the gate and tight security

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