A Harvard Professor Says Half of All Colleges Won’t Exist in 10 Years (and Why a New Model Might Provide a Better Path to Career Success)

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Sound far-fetched? Clayton Christensen’s argument is based on a premise familiar to successful entrepreneurs.

Similar to the prediction made by Futurist Thomas Frey in 2013, many colleges will soon struggle to survive.

If you’ve ever used the word disruption to refer to innovations that create new markets and displace long-established companies and products, you might have Harvard Business School professor Clayton Christensen and his best-selling book The Innovator’s Dilemma to thank.

More recently, Christensen has predicted traditional colleges and universities are ripe for disruption, arguing online education will undermine their business models (because education is, ultimately, a business) to such a degree that many won’t survive.

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Does it even matter where you go to college? Here’s what the data says.

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Let’s not forget that billionaires Mark Zuckerberg, Steve Jobs, and Bill Gates all dropped out of college.

Does it matter where a person went to college? Well, it’s a complicated answer, depending on whom you ask.

After Operation Varsity Blues ensnared 50 people in a college admissions scam, including famous actresses and heads of major financial companies, the scandal is raising the question of what matters more: a fancy school name on a résumé, or an education.

“I have no idea where most of the people who worked for me went to college. I just know: Did they get stuff done or did they not?” former President Barack Obama said last week at a tech conference in Salt Lake City, Utah, before news of the arrests broke.

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‘It’s a serious degree’: Students across US now majoring in marijuana at colleges

GALLOWAY TOWNSHIP, N.J. (CBS) — Colleges are now adding cannabis to their curriculum. Grace DeNoya is used to getting snickers when people learn she’s majoring in marijuana.

“My friends make good-natured jokes about getting a degree in weed,” said DeNoya, one of the first students in a new four-year degree program in medicinal plant chemistry at Northern Michigan University. “I say, ‘No, it’s a serious degree, a chemistry degree first and foremost. It’s hard work. Organic chemistry is a bear.’”

As a green gold rush in legal marijuana and its non-drug cousin hemp spreads across North America, a growing number of colleges are adding cannabis to the curriculum to prepare graduates for careers cultivating, researching, analyzing and marketing the herb.

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How to get a world-class education for free on the internet

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As crucial as a university degree has become for working in the modern economy, it is not the only route forward into a wildly lucrative and satisfying career—just ask famous dropouts Bill Gates, Oprah Winfrey, Michael Dell, Steve Jobs, Mark Zuckerberg.

In the future, a single bachelor’s degree in a particular subject will no longer suffice for many of us anyway. As robots and automation sweep the global workforce, hundreds of millions of people—the majority of whom do not have the time or money to go pick up a brand-new four-year degree—will have to “re-skill” in order to land new jobs. The question that employees and employers alike face is how to get that done quickly, efficiently, and, most importantly to many, cheaply.

The internet, luckily, is already a booming resource. Whether you find yourself seeking new employment mid-career, curious about alternatives to a college education, or simply are interested in learning for learning’s sake, Quartz At Work has compiled some of the most dependable, high-quality materials you can access to learn anything on the internet.

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The 10 toughest majors for finding jobs after college for 2018

 

First_Resume_Graduation_060418-800x450Social sciences and interdisciplinary studies on our majors list is no surprise, as these degrees are notorious for being difficult in the job market.

So you are trying to decide which degree to pursue in college, but you are unsure which degrees actually land jobs. Don’t worry, many students are asking the same question.

When you finally get to choose your own education, it can be daunting by the hundreds of choices available at most colleges and universities. Should you pursue architecture, engineering, secondary education, art and dance, political science, pre-med, or business? What about the lesser-known degrees like forestry preservation and art restoration?

No matter what your interests are, you are probably wondering if your passions can also lead to a job that won’t make you struggling to pay bills for the rest of your life.

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No cash needed at this cafe. Students pay the tab with their personal data

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At Shiru Cafe in Providence, R.I., students “pay” for coffee, but not with money.

Shiru Cafe looks like a regular coffee shop. Inside, machines whir, baristas dispense caffeine and customers hammer away on laptops. But all of the customers are students, and there’s a reason for that. At Shiru Cafe, no college ID means no caffeine.

“We definitely have some people that walk in off the street that are a little confused and a little taken aback when we can’t sell them any coffee,” said Sarah Ferris, assistant manager at the Shiru Cafe branch in Providence, R.I., located near Brown University.

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Survey: These college majors were just named most and least valuable

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New Bankrate research shows that Actuarial Science is “the most valuable” major you can study in college out of 162 total, with a whopping average income of $108,658 to go along with an unemployment rate of only 2.3%.

Wondering how the site arrived at these results? The methodology was multi-layered, but the company evaluated the latest information featured in the U.S. Census Bureau American Community Survey, among other points. The majors had “labor forces of at least 15,000 people,” and the number of grads with “a higher degree” was also considered.

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Harvard Business School professor: Half of American colleges will be bankrupt in 10 to 15 years

This fall, 19.9 million college students will be traveling to college campuses across the United States to start a new school year. There are over 4,000 colleges and universities in the United States, but Harvard Business School professor Clayton Christensen says that half are bound for bankruptcy in the next few decades.

Christensen is known for coining the theory of disruptive innovation in his 1997 book, “The Innovator’s Dilemma.” Since then, he has applied his theory of disruption to a wide range of industries, including education.

In his recent book, “The Innovative University,” Christensen and co-author Henry Eyring analyze the future of traditional universities, and conclude that online education will become a more cost-effective way for students to receive an education, effectively undermining the business models of traditional institutions and running them out of business.

Also, check out Futurist Thomas Frey’s prediction about emerging new edtech.

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Want a future-proof degree? Head to Colorado for asteroid mining

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Are you a high schooler wondering what career to pursue that won’t be gobbled up by robots in the next few years? Are you an engineering grad, economist, physicist, or policy analyst looking to become an expert in a new, but fast-developing discipline? If so, the Colorado School of Mines has the perfect answer for you: You should totally take up space mining.

No, we’re not kidding. While the idea of extracting water, minerals or even metals from an asteroid sounds like the stuff of far-future science-fiction, it’s likely to actually happen in the coming decades — and Colorado School of Mines’ newly launched “Space Resources” course will help you get in on the ground floor.

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News flash:It’s about the skill set, not the suit or the degree

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High School failed me. As a high school dropout, I knew I was taking a risk by rejecting the ‘normal route’ and knew I always wanted to be in the business world. During one assignment in my computer class, I did not show up in a suit and tie for the presentation. The teacher docked me for not ‘dressing proper’, which I found puzzling. After all, this class was about desktop publishing – why should this be an issue? It should be about the substance of my work and not some preconceived, superficial notion about how I looked. For me, it has always been about the substance and not the suit.

The good news is that federal aid for colleges has reached its high-water mark. The bad news is that millions of young adults feel they have no choice but to enroll in a four-year University, something that brings with it an inordinate amount of debt for many students.

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A Chinese university suspended a student’s enrollment because of his dad’s bad social credit score

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A Chinese student had his enrollment at a university suspended because of his father’s bad social credit score. The father, surnamed Rao, had failed to repay a $29,900 loan and was added to a debtor blacklist that prevented a university from accepting his son. State media reported that the incident also caused Rao’s social credit score to drop.

China is expected to roll out a national social credit system in 2020, but it remains to be seen if citizens will actually be given a “trustworthiness” score or if they’ll just be subjected to more blacklists.

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Here’s how higher education dies

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A futurist says the industry may have nowhere to go but down. What does the slide look like?

Maybe higher education has reached its peak. Not the Harvards and Yales of the world, but the institutions that make up the rest of the industry—the regional public schools who saw decades of growth and are now facing major budget cuts and the smaller, less-selective private colleges that have exorbitant sticker prices while the number of students enrolling in them declines.

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