LONG READS Issue 851 · March 3, 2021

Winners and Losers: College Degrees

Taking a course is fine and dandy, but does it actually make a difference? Studies say yes

Winners and Losers: College Degrees

 

Winner: Online Courses

Blame the pandemic again, or in this case, thank it. While online courses, particularly MOOCs (Massive Open Online Courses) offered by platforms like Coursera and Udemy were on the rise pre-COVID, the pandemic accelerated that growth; a third of all users on MOOCs joined in 2020.

Many courses are free or offered at a minimal fee compared to what someone would pay for the course in a college setting (think $50 versus $1,500). Additionally, many of these courses are offered by prestigious universities with the same professors that offer them in person.

20% of courses are in business, another 19% technology, the rest is split in smaller segments including Science, Social Science, Humanities, Education, Health and Medicine, Engineering, and others.

Taking a course is fine and dandy, but does it actually make a difference? Studies say yes. Entrepreneurs and small business owners can increase their skill set at with minimal cost in both time and money. Employees who completed courses (“completed” is the key word here) also saw advancements in their careers, achieving promotions, raises, and more responsibility.

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