Afterglow
Regular Member
- May 30, 2020
- 322
- 240
I see people near me trying to get into the best colleges, study 10 hours a day and do some really crazy stuff just for the goal that they would land a very high paying job in the future which they don't care if they are passionate about.
Also, they take up some crazy loans of like $20-50k for their graduation. After they get a job, they spend quite a few years paying off that debt.
I don't see the point why people are still going after things like this and why does a college degree / high grades matter at all ?
Here's an example of a very popular exam in India,
More than 10 lakh people appear for the UPSC exam every year.
Out of that, about 10,000 of them qualify for the mains.
Out of that, about 2000 of them qualify for the interview.
Out of that, about 700 of them get various posts, including IAS.
That's a funnel with a 0.000007% conversion rate.
This is not just for UPSC. I can make a similar funnel for engineering, MBA, CA etc and we will probably get similar conversion rates.
Why do people still do it then?
And after prepping for so long be it for UPSC, JEE, or CA and they don't make it; at the end of it, they don't even have a skill they can use in the real world. They are left with no skills and no job and a sunken investment (tuitions, books etc.). The opportunity cost is too high.
(80% of the people don't do it because they're passionate about it)
Every single day, I see new content creators popping up and people who changed their career from being a 9-5 person or whatever to something they like doing.
Has a college degree, high grades in school ever helped you in a way which IM hasn't when the main goal for *most* of the people is just to make more money ?
I'd love to know your opinions on this !
Also, they take up some crazy loans of like $20-50k for their graduation. After they get a job, they spend quite a few years paying off that debt.
I don't see the point why people are still going after things like this and why does a college degree / high grades matter at all ?
Here's an example of a very popular exam in India,
More than 10 lakh people appear for the UPSC exam every year.
Out of that, about 10,000 of them qualify for the mains.
Out of that, about 2000 of them qualify for the interview.
Out of that, about 700 of them get various posts, including IAS.
That's a funnel with a 0.000007% conversion rate.
This is not just for UPSC. I can make a similar funnel for engineering, MBA, CA etc and we will probably get similar conversion rates.
Why do people still do it then?
And after prepping for so long be it for UPSC, JEE, or CA and they don't make it; at the end of it, they don't even have a skill they can use in the real world. They are left with no skills and no job and a sunken investment (tuitions, books etc.). The opportunity cost is too high.
(80% of the people don't do it because they're passionate about it)
Every single day, I see new content creators popping up and people who changed their career from being a 9-5 person or whatever to something they like doing.
Has a college degree, high grades in school ever helped you in a way which IM hasn't when the main goal for *most* of the people is just to make more money ?
I'd love to know your opinions on this !