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Coach
No, you don’t need to get a degree… you need to get a new job. Find a company that values you based on your actual contributions, not on a piece of paper that says you know enough to start contributing.
Bingo. This demonstrates that OP's company has a caste system not built around those who perform, but rather around those who have the most expensive paperwork.
Dell and other major companies were started by dropouts but require degrees. Makes no sense.
It’s discrimination. I’d contact a lawyer if that rule is explicitly not in writing on anything you’ve signed.
LOL Formal education or lack thereof is not a protected class
Doesnt seem like a good trade-off… a degree would cost hundreds of thousands of dollars at this point for what in return? Consider your ROI and how long it would take for you to reap the benefits of that given how much you had to pay for the degree. I would instead start looking at other companies that are similar to where you’re at or maybe even take a chance on a startup if you’re financially able to they often care less about formal degrees and more where about capability (as your company should). To me, this policy seems like it’s a tool for gatekeeping or justifying paying you less .
This sounds like a slick way of them trying to restructure their department. I say CYA like a CIA and start looking elsewhere in advance. I had the same thing happen to me 2 and a half years ago when my former employer had so-called restructuring in our department and they hired fresh interns and then 4 positions, including mine, were on the chopping block.
What’s the pay difference between your cap and a degree holder? Worth your free time? If so, look at WGU, if you possess the skills getting a degree can be done in maybe a year’s time. Others have done it in less, with focused dedication and testing out of courses.
Some companies require quantitative, science, or specific CS degrees. Get a masters degree in AI, you can find some reputable options for 20k-30k. Then become their boss and fire them.
Coach
Just so yhst it's been said, threatening to leave will have about the same effect as promising to get a degree. Let your feet (actions) do the the talking.
This is the formula for compensation at several of the FAANG type companies. Everything from years of experience to degrees or certificates will add to your base. This prevents managers from playing favorites and giving major pay increases to friends or people they’re sleeping with (read or watch super pumped, or the wework mini series.)
In my opinion this is why so many dumb people in corporate American get MBAs.. the company pays for part of it and it catapults their careers and salaries without ever having any real impact on the business’s bottom line.
Look at WGU. You could finish a BS in six months.
Agreed it’s a great option. Some people think it’s easy just because you have the option to accelerate, but in my research I found that the programs actually require you to show that you can do the work (which is a lot different than the group work and random projects of the two brick and mortars I’ve attended).
It begs a question of what the purpose of education really is. For people who are most comfortable with what they know and nothing changing, spent a lot of money and hassle in traditional institutions, and/or had a traditional background making the high school to college pipeline straightforward, I find that question and reimagining our approach becomes really unsettling. In reality the acceleration is really just for self motivated people who already know how to do the work and have the experience or have self educated over the years, rewarding their ability to work at their own pace without being tied down to institutional calendars.For people who don’t have that background, it’s really hard for them to accelerate quickly and some take the full four years (or two for a masters program).
No, it's not normal practice. Normal practice is for bad managers to come up with fancy *reasons*. Run.
Honestly, depends of the company. If you are in a small company they might don’t care. However, if you are in a big one and want to scale all the way up, without a degree is complicated, for a Director/VP position you would have to beat people with a master degree, international experience, multilingualism perhaps… and you come with a no degree and only x years of experience. It is not something that gives confidence to the stakeholders. If you are an operative person who don’t care about that… there will be always opportunities without a degree.
If you do want to fast track your degree and be MUUUUCH CHEAPER, look at WGU. It has a ton of options as far as degrees, is fully accredited, 100% online, and you could finish your degree as soon as you want. If you do that, not only would you get your pay raise for the same work/job, you’d also have better opportunities should you decide to leave said job. I’m currently enrolled and even got my mom and older brother to go back to school at WGU as well.
If your manager truly appreciates your tenure at their company, and if they are serious, ask whether the company offers educational compensation (before or after you being enrolled). If they do not, then it would be best to refresh your resume & start applying for new work. Please be aggressive & silent about it.
Honestly, the company should have let you know of the policy change as soon as that specific aspect of the policy became active. Because they did not let you know until they decided to cap your salary, tells me that "offboarding" processes are in effect. In regard to the "degree" or any certifications; it is at the CEO's discretion, depending on each CEO's preference. You'd be quite surprised with how many knowledgeable tech people do not have degrees and/or certifications, and are making 6 figures.
If you can show [through home labs and GitHub account] that you can do the work, you'll get a better job that will not play games with salary.
Talent & honest know-how is in short supply.
That's crap. I'd be looking for a different job. Experience and history are just as important as a degree, IMO.
Look elsewhere. Even if that place gives you more, they will always hold you back. Be nice while doing it. There's no need to broadcast. You can get a promotion elsewhere.
Coach
IMO any time and money that you would spend getting a degree would be better spent learning career specific skills related to AI and other emerging technologies. Update your resume along the way, and at some point a better opportunity will come along, probably much sooner and cheaper than said degree, with a better salary than your current company would be willing to pay. Aside from them specifically beomg cheap, as a general rule new hires get bigger increases than people getting raises and internal promotions.
Do you work in education or governement? Otherwise, no, that's no normal.
Stay and tough it out.
Kill K.t
Are they willing to pay for the degree? Archaic industries are like this but usually will pay for the degree.