6 Advantages Degree Holders Have Over Other Job Candidates
“Big companies don’t want to hire academics because they’re overqualified and too independent.”
This is what a career counselor told a room full of students in my third year of graduate school. It was 7 p.m. in the evening and we all had to show up to a late-night seminar series that the university was holding for graduate students. Okay, we didn’t have to show up, but it was strongly encouraged. So I signed up.
The first night was about business ethics, which basically amounted to the guy saying don’t launder money and don’t steal office supplies.
The second night was on alternative careers, but the guy giving the seminar was a professor with no industry experience so I stopped listening before he started.
Tonight we were talking about interviewing for industry positions and getting hired. The lady giving the seminar was a career counselor with 10 years of experience in counseling graduate students. At least that’s what she said. She didn’t have any real industry experience either. She worked as a journal editor briefly but that was it.
I had my laptop open and was finishing a figure for a paper when she said it – big companies don’t want to hire college grads because…
I looked up. Wait, what?
I had recently made the decision to go into industry. And, even though I was 100% sure I wanted out of academia, I was too afraid to tell my advisor about it.
I didn’t understand. Why would companies not want to hire degree holders? I went home that night feeling like I had wasted the last three years. What was I doing? Why was I getting a degree that wasn’t going to take me anywhere in my career?
I had heard similar things from other students and postdocs who weren’t able to get industry jobs after getting their advanced degree, but I never took them seriously. Until now.
The next day I started reading everything I could online about whether or not getting a degree was worth it. I read thread after thread of horror stories written by unemployed grads and dropouts.
They all said that graduate school was a dead end that had ruined their lives. That’s when I started thinking about dropping out myself. Why would I stay in a program that was going to make me a worse job candidate? But I was too far in. I didn’t want to give up. But I did. I couldn’t decide.
The Dead End Is In Your Head
One person (who had no industry experience) telling me that big companies didn’t want to hire someone with an advanced degree made me question my choices and my self-worth. Don’t let this happen to you.
The idea that getting a degree is going to hurt your chances of getting an industry job is a misconception. Rest assured, most degree holders go on to get jobs in industry and most get paid more than those in the same position without one. The only way a degree will hold you back from getting an industry job is if you use it as an excuse.
Don’t use your degree as an excuse – use it as a lever. Educated professionals are in high demand. The problem is that very few degree holders know how to leverage their education. Most of them just expect that world to be given to them on a silver platter. They think that Pfizer, GSK, or Baxter is going to come chase them down and say please work for us. When they realize this isn’t going to happen, they call it quits and blame the system or the job market, or the fact that big companies don’t want to hire college graduates.
Of course, if you get online and search “why getting a degree is a mistake,” you’re going to find a thousand unemployed grads blaming their failure on the system. You’re not going to find the thousands of employed graduates who are happily employed in industry and making great money. Why? Because they’re too busy being productive to blame academia for their setbacks.
6 Career Advantages College Graduates Have Outside Of Academia
Having a degree is a significant advantage. Don’t let others confuse you. College graduates get paid higher than those with a high school education and are in high demand. Trained professionals who know how to create information, not just repackage it, are desperately needed. Entrepreneurship and innovation are at an all-time high. These trends will continue as the economy continues to favor innovation.
If you have a degree or are on your way to having one and you’re reading this, the future is yours. The only thing that can hold you back is yourself—by choosing to be one-dimensional or to ignore the less objective soft skills that will complement your education and make you a magnet for industry success. A college degree offers you great advantages over other job candidates – and over the population in general.
1. They know how to find answers.
The top three desired skills for every industry position are critical thinking, complex problem-solving, and decision-making. In other words, you have to be able to identify problems, find the right problem, and then find the right answer to that problem. Guess what? College graduates excel in all three of these areas.
Never forget the fact that you are a researcher. You are highly trained in identifying problems and finding solutions to those problems. Think of all the uncountable hours, days, week, months, and years (even decades!) you’ve spent trying to find answers to the world’s toughest unknown questions.
You know how to attack questions from every different angle. You know how to follow a lead through five academic journal articles, seven book references, and a plot in a figure that was published 15 years ago just because it helps prove some minute aspect of your overall hypothesis.
While most people are skimming nonsense on a message board, you have the research skills needed to dig deeply into Google Scholar and PubMed to find credible information. Employers value this. Make sure they know you have these skills.
2. They don’t fear failure, they learn from it.
Remember when you graduated at the top of your class and went to college thinking you were going to be a rock star doctor with golden hands who would be able to get world-changing, Nature-worthy data in a few weeks?
Yeah, that didn’t last long. You learned pretty quickly that you would have to do some experiments 30 times just to find an answer to the tiniest question – and then you’d have to do 30 more experiments to get the right p-value.
You failed over and over and over again, daily, without recognition or a decent paycheck. Yet, you woke up the next morning to do it all over again. Why? Because you knew that each failure would take you closer to getting the one piece of data that would bring it all together. You woke up to fail again because failure is the best teacher — failure showed you what to do next.
Do you think most people are like this? No, they’re not. Most people are quitters who would rather do nothing than fail. These people fail once and quit, or succeed and don’t get a pat on the back and quit. You have a major advantage over these people.
3. They know how to deal with negative bosses.
My academic advisor was brilliant and hardworking and a complete jerk. He would make me feel useless and small and stupid every day that I went into the lab. He’d yell at me, position other students against me, and try to block me from graduating. He even canceled the congratulatory lab party that was supposed to happen after I defended my thesis.
I never used to talk about it because I thought I was the only one who had to deal with this kind of negative mentorship in graduate school. I was wrong. It turns out that hundreds of other students have had very similar experiences. The problem is academics can become professors without any kind of management or interpersonal skills training. As a result, some students get horrible mentors.
During the five years I was in graduate school, there were at least three cases of professors abusing their position of power over students. This is a widespread problem in academia, one that gets hushed up by universities with huge teams of lawyers.
If you can deal with this kind of tyranny, you can easily deal with anything that comes your way in industry. Sure, I’ve had bad bosses in industry too, but nothing that compares to what I had to deal with in academia.
In industry, you have human resource departments, you have management training programs, you have firm harassment laws, on and on. If you’re in academia now and struggling with a negative mentor, know this — you’ll never have it this bad again, and everything you’re going through is preparing you for a better future in industry.
4. They are comfortable with uncertainty.
If you have a degree or are earning one, you’ve probably spent years of your life smack in the middle of uncertainty. You have no idea if your next grant is going to be funded. You’ve got no idea if your paper is going to make it past that damn third reviewer and get published. You have no idea when your committee is going to give you the green light to defend your thesis. You don’t even know if the project you’re working on has an answer at all! Everything you’re doing – your life’s work – could be disproved or debunked at any time.
As a student, you’re not just comfortable with uncertainty – you thrive on it. You know that without uncertainty, discovery would be impossible. Most people don’t get this. Most people want a sure thing and will spend their entire lives choosing unhappiness over uncertainty. Use this to your advantage. Be willing to take risks that other people are not willing to take.
5. They thrive on both competition and collaboration.
One of our consultants was working one-on-one with a candidate who was about to defend her thesis but had no job prospects. She really wanted to transition into industry but felt that it was impossible given her lack of industry experience.
This soon-to-be grad claimed that the number one reason she was not able to find work was that industry employers thought that she was too independent and wouldn’t be able to work with a team.
The consultant asked her if she had put anything on her resume about being team-oriented. No, she said. The consultant asked her if she had studied up on each company’s culture before interviewing. No, she said again. Did she ask any questions during the interview? No. On and on. Things seemed bleak. But after a few weeks of working together, she got a job. What happened?
One of the biggest changes this candidate made to her approach was preparing questions that would show the employer she was team-oriented. She asked questions like, “Can you tell me a little about the working environment here? Will I be able to work closely with a team?” and “Given your company’s focus on diversity and teamwork, do you think it would be possible, if I’m hired, to schedule short meetings with each department to get to know everyone?”
If you have a degree, you’ve worked very closely with other students. You’ve had to compete for resources and for publications and you’ve had to share resources and collaborate. No one is more qualified than you to work with a team. Position yourself properly, ask the right questions, and get the job you want.
6. They are qualified for any industry position.
You can never be too qualified for a job. An employer telling you that you’re overqualified for a position is like someone breaking up with you and saying it’s not you, it’s me.
It is you. They’re turning you down politely and sparing your feelings. The real reason they didn’t want to hire you is your lack of social skills or your inability to present yourself for the position at hand.
I’ve sat on hiring committees that have used the excuse of candidates being overqualified. It’s never true. The real reason is always something else.
Imagine you’re trying to hire the best person to work for you and your company. Would you turn down an amazing candidate because he or she is too qualified? No, you wouldn’t. You would snatch them up and let them thrive in that position or you would promote them to another position.
“Overqualified” means “wrongly qualified.” If you ever get turned down for a job for being overqualified, simply change your approach. Don’t complain about the system being against you. Go back and figure out exactly what the employer is working for.
Leverage your degree and experience towards an employer’s interests, not your own. Rewrite your resume, change your interview approach, and position yourself correctly this time.
We recently held an insider webinar series on rebounding from this kind of rejection. Two attendees who were told they were overqualified used the tips in the webinars to reposition themselves. They both reapplied to similar positions at the same companies and were hired.
Having a degree perfectly qualifies you for any industry position. Your gift is your ability to acquire knowledge and use it to your advantage. You have the knowledge. Now all you have to do is leverage it.
ABOUT ISAIAH HANKEL, PHD
CEO, CHEEKY SCIENTIST & SUCCESS MENTOR TO PROFESSIONALS
Dr. Isaiah Hankel is the Founder and CEO of Cheeky Scientist. His articles, podcasts and trainings are consumed annually by 3 million professionals in 152 different countries. He has helped professionals transition into top companies like Amazon, Google, Apple, Intel, Dow Chemical, BASF, Merck, Genentech, Home Depot, Nestle, Hilton, SpaceX, Tesla, Syngenta, the CDC, UN and Ford Foundation.
Dr. Hankel has published three bestselling books and his latest book, The Power of a PhD, debuted on the Barnes & Noble bestseller list. His methods for getting professionals hired have been featured in the Harvard Business Review, Nature, Forbes, The Guardian, Fast Company, Entrepreneur Magazine and Success Magazine.More Written by Isaiah Hankel, PhD