How Important is Luck to Your Career Plan?

A lot of information is available stating that a college education is a great investment. The writers  back their statements with data and statistics too.

What many fail to say, however, is the “Your results may vary” disclaimer.

If you can land a degree-relevant job, their data and statistics are correct.

But if you cannot land a degree-relevant job, the amount you are wagering  on college is your

  • actual out of pocket PLUS
  • proceeds from college loans PLUS
  • interest that you will have to pay until the loans are paid off.

All the while “NOT” getting a payoff for the “investment.”

How large is the "Luck Component" of your career plan?

How large is the “Luck Component” of your career plan?

So what are the chances of failing to land that degree-relevant job?

The good news is that underemployment among young college  grads is now only 44% according to The Atlantic.

That is good news because  last year the figure was over 53% were jobless or underemployed.

Sounds like more than a bit of luck is part of the college degree pathway.

The odds  of landing a degree relevant job aren’t terribly encouraging while the debt and investment consequences are substantial- regardless of employment outcome.

What of those who do not find degree relevant employment?

According to the BLS Table 6:  “15.1% of all persons with bachelor degree or higher that work at hourly wage rates are being paid at or below minimum wage.”

Here’s the table

15.1 % of  persons bachelor degree or higher that work at hourly wage rates are being paid at or below minimum wage.

15.1 % of persons bachelor degree or higher that work at hourly wage rates are being paid at or below minimum wage.

Starting a career in precision machining does not require a substantial input of luck.

Within a year of skills training at a local community college you can have the skills needed to land a well paying job as a precision machinist. Our shops are hiring, sentiment for employment among our business trends respondents remains above 90%, and on average our shops are scheduling almost 3 hours of overtime. Each week.

A career in advanced manufacturing as a skilled precision machinist doesn’t take luck.

Thought you might like to know…

Find training

Proof the jobs are there

About a career in precision machining.

Roulette

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