Question

Chris completed 3.5 years of college; he learned many useful things, but was not able to finish the degree. Taylor completed the same college degree Chris did not complete; however, Taylor did not learn anything that could be useful at the jobs he's interested in. Are those years of college expected to increase Chris's compensation in the job market? Are those years of college expected to increase Taylor's compensation in the job market? Explain your answer using the education models we have discussed.

Answer 1

Firstly, it is very essential to understand the job criteria and job requirements which are essential as per the market strategy. Degree plays an important role in the job requirement as per the education and job portfolio. But there is an exception to this rule where some companies requires learned proficiency than degree one.

As talking about Chris, he is seem to have the knowledge attained as per his level of understanding the criteria of subjects. so he will be an asset for the companies to study the companies act and share market very well and thus can result in the best competitor as for the market. But on the other hand he lacks in attaining the degree which can result in lowering his rate of income which he can achieve if he gets his degree. Comparing the two prospectives his compenstion level is low as per the job market.

On the other hand, Taylor compensation level can be high as compared to Chris due to his lack of learning skill inspite of having degree. He can be a liability for the company as his skill of attaining knowledge is low than Chris. But yes in the job requirement qualification he will fit properly.