For those without the patience to listen, the simple summary is that we live in a knowledge economy. College provides a filtering mechanism for employers to quickly sort out who to interview among thousands of applications. Zakaria uses the example of a Wall Street investment bank with 20,000 plus applicants and a couple hundred spots. They will interview at colleges such as Harvard and at Penn’s Wharton School of Business. While he didn’t say so, obviously this means the banks won’t interview at places such as the University of New Haven or Southern CT.
As the new year approaches, I will meet a bunch of students in our upcoming SAT-ACT classes. All will be heading to college, otherwise they wouldn’t be taking a test prep class, but I fully know that only some Shoreline, CT students are trying to generate grand employment options. Nonetheless, we are in a knowledge economy and having credentials that demonstrate that you are capable of learning will ensure future employability.