About Expensive Degrees That Do Not Lead to Results
When the time comes to apply to university, graduates and their parents often choose majors that are highly ranked and considered promising. However, after spending several years studying and investing large amounts of money, many young specialists find themselves unable to secure a well paid job. This situation shows that some university programs fail to justify themselves in the labor market.
Today, it is common to meet young people who graduated from law faculties but ended up working in completely different fields. Many families take a major risk by placing their hopes on prestigious universities and popular majors. In reality, the demand for such graduates often turns out to be limited. Even though tuition fees at universities in large cities are extremely high, real life shows that a diploma does not guarantee employment.
According to experts who analyze the job market, fields such as economics, finance, law, general management, public administration, and advertising have become oversaturated. While salaries in these areas may be average, the number of job openings does not match the number of graduates. At the time of university admission, these majors may seem attractive, but within a few years the situation can change dramatically.
Rapid changes in the economy and technology constantly reshape labor market demands. However, applicants and their parents often base their decisions not on real data, but on the perceived prestige of a profession. Graduates of cultural and arts related fields also frequently face difficulties. Although studying in these areas is challenging, the number of available jobs remains very limited.
Universities do not always take actual labor market needs into account when admitting students to specific programs. In some cases, higher education institutions are more interested in attracting fee paying students. To address this issue in the future, the government plans to limit admissions to programs with low demand. Universities will be forced to align their training with real workforce needs.
At present, the labor market shows high demand for specialists in information technology, engineering, medicine, and artificial intelligence. These fields experience a shortage of professionals and receive state support. Nevertheless, it is important to remember that the situation in these sectors may also change in the coming years.
Experts agree that the most reasonable decision is to choose a profession that genuinely interests and suits you. If a person truly enjoys their work and reaches a high professional level, they will be able to find employment, build a career, and achieve stable income under almost any conditions.
