https://www.datenportal.bmbf.de/portal/de/Tabelle-1.9.5.html
https://www.datenportal.bmbf.de/portal/de/Tabelle-1.9.5.html
I personally know several(!) instances where “the smart and brilliant sibling” went for university, the “quiet one went for an apprenticeship” - and the pay off has been substantially more beneficial for the people taking the apprenticeship road even though the “college siblings” didn’t exactly fail or end up unemployed... I know it’s anecdotical.
But in Germany, they seem to push a rather weird political agenda in this direction which doesn’t help anybody.
Since there are financially unwise college degrees (social work) and on the other end those with a mostly guaranteed, very decent minimal guaranteed income and incredible potential (medicine), this is an unfair comparison.
Higher education can be a ticket to a great career. It can be a cost it takes a lifetime to repay, especially if penalties and interest accrues.
Second example - well, the PhD postdoc survives 2-year contract over 2-year contract while his younger brother just loads just more cash than he can carry.
This does not hold everywhere - both “younger siblings” work at a large industrial company that pays well. It’s just 100x easier to get a job that is paying well with mediocre grades and an uncle than with an engineering, business or science “summa cum laude” university degree.
Really crazy how that turned out. Many more similar stories from my siblings and their class-mates.
One must plan a technical career carefully. I was able to get an internship at Kodak's Tennessee plant after my junior and senior years. I originally wanted to study inorganic chemistry. I worked for scientists who both were Ph.D. polymer chemists. They showed me the American Chemical Society's study on chemist occupations. 80% of chemists worked on polymers at some time during their career. I applied for both types of programs, and the UMASS Amherst Polymer Science program provided a research assistance-ship that paid my way. it was a great experience and I had a fantastic Ph.D. Advisor - who is now an emeritus professor at Rice University. I stopped interviewing after I had 5 job offers. Employment fluctuates with the economy. Some fields are more robust than others... Do your homework before rushing into a pricey program...
But honestly: if it wasn’t for like 80+h weeks straight for the past 10 years and “an increadibly lucky chance” even for me university and working in the most prestigious companies would have been a crap choice. Even without the PhD (which I was able to get done in 3 years at the top university in Germany).
I literally do not recommend university to anybody “unless they are willing to take a pay cut and understand the need to be in the top 5 percent for the next 15 years to get a shot at being as well paid as that dude doing an apprenticeship in the quality department working 35h weeks”. And again: university is free here. Not worth it really from a financial perspective for most people. Yet, the “public and political agenda is to push more people into it”
I wonder whether it's self-correcting in some way - management-class hopefuls end up poorer than their hands-on counterparts, and these wealthier families end up having more political clout over time which balances the snobbery that got everyone to push their children into management streams in the first place...
It is just so freakin easy to get an apprenticeship in comparison to getting a job with a university degree. And I am talking business/IT apprenticeship versus university counterparts. It’s not as much “those business hobos will all get unemployed and they deserve it” - it’s rather: “if you just sign up early and promise not to strive for ambition you are better off financially in a lot of cases”.
This is what has traditionally been believed and does not necessarily represent reality, but it explains the tradeoffs each route offers.
This is anecdotal, but a blue-collar acquaintance who studied for a 3-year power plant safety program purchased a detached home a full 7-10 years before his peers who went to university for four-year degrees. There wasn't much parental assistance involved in the home purchase.
Being able to make enough to cover a mortgage and sock some money away in an investment account can give you a financial boost that compounds over time. If you live in an expensive housing area, that boost could end up exceeding what white-collar grads net out to, 15-20 years later.
I think it's fairly easy to see this type of outcome if the major was a humanity and the trade was something like plumber, electrician, or climate control, even in the US.
The problem is, no family ever considers both to be valid options.
There are families where it's just assumed you'll go to college and no one even questions it. (They don't even stop think, wait, this gal would be a great plumber and easily make six figures as her own boss!)
There are families where college is something "extra" that's not required.
I know of no families (though I'm sure they exist) where plumber is considered an equally honorable profession as accountant or teacher.
There's a kind of social stigma attached to the trades, for want of a better word.
In the US and UK you're considered educated once you go through school. So you can go another two years to University and become a lawyer(same with medicine, provided you can afford it). In Germany you're kind of set for life.
Engineers are not considered business people, business people can't be considered engineers. But one of my favorite startups back in the days(Basho the makers of Riak) two absolutely fantastic engineering managers I met were an english literature grad and an business school grad. Both just had a lot of interest in Computer Science.
Of course the other extreme of the equation is people that found the Fyre Festival or Theranos.
To add to that: This trend only shows that people do not want to do low-pay hands-on jobs anymore. It does not mean that universities compete with apprenticeships. Although this certainly causes the rise of bullshit study programs.
I think some of the commerce chambers/etc. have brought this onto themselves by pushing the advantage of their paying members who have effectively turned most trades and crafts into guilds, where your only chance at getting a good job (aka being self employed) is inheriting machines and the company rolodex. [And no, you generally can't pull it off on your own, because you have to actually pay for studying to be allowed to open a business, so you are 30 years old, have no money and have to get a 200k loan for your non-hyperscaling business, while you have to pay rent or want to buy a house]
Capitalism solves the resulting supply shortage of "qualified" plumbers, carpenters et. al. by providing cheap, eastern european, DIY-style "I can do everything"-craftsmen (actually, my grandfathers both had similar sidegigs (ok, one built his and his friend's homes with them) during the "Wirtschaftswunder" and retired).
Nearly everyone who is sufficiently intelligent to pass the necessary exams then moves to university to study in the hope to get a "nice, comfortable" job. Even if they really liked their vocation. But working your ass off in the lower 10%-income bracket, while your boss buys a Porsche a year from profits you earned in a 5-person company he inherited from his father kind of sucks.
You can say the same thing about software engineering. The push for easy immigration has solved the fake shortage in Germany and kept the salaries low enough to keep companies very profitable.