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Wednesday, September 24, 2014

What is your degree worth?. Talented or one in the crowd?

Talent. Yes, the one Leonardo Da Vinvi, Albert Einstein, William Shakespeare, Abraham Lincoln and many others had. That's what will make you succeed. That and a little luck. Take advantage of the opportunities you have because they may not be repeated again.

If you have a career, a Master, you speak 3 languages ​​and countless training then you are perfectly normal in the world of business.

You might be wondering: What is this article about? Well I will try to explain in the simplest way, but first let me show you the following graph:






I imagine many of you know what this famous curve represents, for those who doen't, I will say it is the famous bell curve, which is able to summarize the distribution of elements of a total, differentiating among them the most common of which less depending on the variable under study.

Now some will be moving the mouse cursor to the link "next blog" because they have not understood anything. Come on, keep with me just a while, lets say an example for all to see it clearly.

Imagine that what is measured is for instance the average height of the population of Belgium. Smaller kids would be located to the left of the chart (what appears to be 0.1%) would represent, people from less than 3 feet tall. Then we'll find 3 to 4,5 feet (13.6%), leaving the central area for common heights (two strips of 34.1%, totaling 68.2%) and thus finished with the highest proportions thereof to the lowest. That is, the average of all Belgians will be the black line right in the middle of the bell curve.

As you can see, the central strip represents the large crowd of people who do not stand out or be very high nor very low. The vast majority of the variables are on average and exceptions on both ends delimit the full extent of the variables.

Nevertheless this graph is capable of reflecting many variables (weight, height, salary, age ...), but I what wanted to speak today about is personal skills and how they affect the hiring by businesses.
Let's say a company wants to incorporate an administrative who will be responsible for the management and administration of the human resources department because the former employee is retiring.

What profile will be the company be looking for? Yeah, I mean the company, not the person within the company. The company, like a robot, wants (and so i will do) the best and most qualified professional to perform this task.

If the company finds a worker with degree it will be better than one with diploma, with masters in management and business administration and if the school is well known even better, with 2 languages ​​besides native and of course with extensive experience (not newly qualified, young but with 10 years experience) in that sector. As we already know what companies are asking for we start preparing ourselves since we born.

I guess this description will sound familiar to many of you who are looking for employment, for those of you who have found recently a job or may know someone in that situation.

Here is my my opinion. Knowing "Law of supply and demand" which regulates basically one to the other and vice versa and considering what the demand is (that you have already read). So we can say that if every job demand asks for more or less the same criteria it is obvious that the worker selected will be the one that outstands over the others (speaks one more idiom, has another master degree, another bachelor...).

In the 80s, a degree in Spain warrantied to find work since there was a different distribution. There were more people with basic education, than graduates (surveyors, management and business management ...) and these more than the ones with master degrees (architects, engineers ...). Those were in the right part of the graph.




Of course it was a nice advice we heard thirty years ago : "Hey kid you must study a masters degree if want to someone someday!. There was no time to waste, we dedicated all our efforts to study everything we could. And then we finished the masters degree. We and the rest of the wisely advised. Too much offer of high qualified people for a little high qualified market demand.

Companies would not hire none of us by the mere fact of having completed a bachelor, they had to differentiate and select the best among the best. So the master (in any discipline) will differentiate you from others ... or maybe not, languages wouldn't make the difference either.

If the trend continues, we would have a professional framework with the following distribution in the coming years.




So who would occupy the right side of the graph? Professionals with 3 or more bachelors, 1 or more masters, 4 or more languages ​​and 10 years experience, with less than 35 years. Will this profile ever exist? What population distribution are we talking about? Gifted?. Not really.

Obviously we will not get to that, however there will always be someone in charge of fill that small space on the right of the graph. People with TALENT.




Some of you may remember the Tamagotchi, a kind of videogame with a small screen in what we would call a gadget toy consisting in making a pet grow and play with it. Actually the concept is fairly simple, but turned out to be an overwhelming success in the late 90s all over the world. Its creator became millionaire in a few weeks with a simple product. People with ideas, projects, often simple, made ​​with talent can succeed incredibly.

CONCLUSION


If you have a project with a good and powerful idea, take it out. The world needs people with good ideas. If instead you decide to pursue a career, a master's degree and master 2 languages ​​(before you turn 30) i wish you good luck, you may get and average job as many others.


So, what do you think?

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