Architecture school taught me a lot about theory, but nothing about how to deal with demanding clients, impossible deadlines, and navigating the bureaucracy of the real world. Does the current education system fail aspiring architects?

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I've found this as well. The gap between actual practice and what you learn in architectural school is enormous. I know theory and base design skills are important, but my school didn't even teach us Revit.

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No, that's why the AXP is important. Students should cherish the freedom to create that school brings.

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