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I have worked as a Mortgage Broker for about 2 years. I have a college degree (B.S. - Physics/Geology) and I'm working on a Masters in Science Ed (Geo/physics) right now so I can be a proffessor in the NYC Bd of ED.

I have seen first hand the dangers of highering people who have experience but no degree to back it up. I've seen homeowners - trying to get loans - placing the ir lives and family's lives in the hands of young 20 year olds who have worked in loan businesses yet can barely read and write their own letters to send these clients.
I've seen homeowners go into foreclosure because their lender made mistakes with their loans - stupid mistakes.


A College degree shows an employer that
#1 you were dedicated enough to spend the time in school to learn a science and
#2 shows your employer hard evidence you are certified to handle difficult tasks - and graduating a 4 year college is a pretty hard task for 70% of America cause they haven't done it.

I would definately higher a person with a college degree before I'd hire just the more experienced - especially if the degree holder had a degree in the field I am offering.

The perfect match however is someone with both a degree and experience. Can't beat that.

2006-08-04 10:39:36 · answer #1 · answered by Anonymous · 0 0

These days, a college degree is almost like a HS diploma. I would HOPE that someone who has a degree also has experience. Most degrees require some training on the job. Some places of employment, whether wonderfully experienced or not, will not even look at you without a degree. They want to know you are an educated, well-rounded, dedicated person. I say, go for the degree and get some experience while doing it. Good luck.

2006-08-04 10:47:36 · answer #2 · answered by ilovewillferrel 1 · 0 0

Experience is best because there are new things comming out all the time and the school can only stay so uptodate. But you need some stable college students as well. They will work for lower pay. You tell them they do not have the Experience and you pay them less.. Then you can as well hire the ecxperienced guy / gal in and tell them they don't have any college and pay them less too.. So It is a win win either way for the boss..

2006-08-04 10:43:10 · answer #3 · answered by Don K 5 · 0 0

Through my personal experience, related experience has a lot more pull than a college degree. College is for the birds.

2006-08-04 10:40:32 · answer #4 · answered by Anonymous · 0 0

I'd hire someone in the following order

Has accomplished the necessary duties before, preferably with flying colors
Has the skills to accomplish the necessary duties
Has the drive and vision to accomplish the necessary duties
Is smart enough and is willing to learn even if it takes extra effort.

Bottom line: businesses hire someone (either on the payroll or as a consultant) to fix a problem.

Good Luck

2006-08-04 10:43:37 · answer #5 · answered by Anonymous · 0 0

Obviously I'd prefer both, but it depends on the position. If I feel the job is trainable, then experience wouldn't matter as much, as long as they are educated and have a head on their shoulders.

But if you have no experience, you better have a damn good degree - like an MBA :)

2006-08-04 10:39:41 · answer #6 · answered by ♥iamsleepy♥ 4 · 0 0

among the two, I prefer the one with college degree. Experience is not that crucial - a grandma's whole life experience (relevant part), a smart person can acquire it for months.

2006-08-04 10:41:41 · answer #7 · answered by hahagoodguy 2 · 0 0

No, I have seen better success from people who have hit rock bottom in their lives. Because then they are willing to actually work to get to the top. I train people nationwide on my sales team, and have a blast. Level of education doesnt matter to me, I know that all a person needs is a desire to succeed and a willingness to learn and help people. Are you looking for something? Like I said, I offer full training and support, and the benefits package is AWESOME. email or IM me: starsalso@yahoo.com

2006-08-04 10:45:46 · answer #8 · answered by Anonymous · 0 0

Experience, hands down.

2006-08-04 10:40:23 · answer #9 · answered by The Man 5 · 0 0

Experience by far..... You can't teach someone people skills etc... either you have it or you don't, a college degree doesn't guarentee anything.

2006-08-04 10:41:42 · answer #10 · answered by Smitty 5 · 0 0

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