Social capital matters more than just about anyone who has a degree can understand and tell you or mentor you about, because the majority of them have always had it, and they tend not even to interact with people without it.
It is a signal about your wealth (and your families ability to deploy it for you), from which follows your stability, your intelligence, your taste, your willingness to play the game, and your belonging in the club. These matter more than EVER in the business world - I've never seen a time when tech is less about engineering than right now.
I am very curious how this changes for young technologists in an AI era, where maybe non-technical people in this layer no longer see a self made technologist as a value add to their cohort.
I purposely use technologist over software developer, since I feelnthe generalist self-made developer typically commands an intuitive breadth of skills not just programming.
I also didn't make out like Zuck, though I am happily working and making games on the side.
L (luck) = D (doing) x T (telling)
Basically, you need to be able to show you are able to do stuff (D) and with enough people seeing this by you sharing (T) through different channels, can open doors. I haven't been doing it as heavily but it has already given me incredible opportunities.
At work nobody knows what degree you've got. I mean some people insist to be called Dr. X if they have a Ph.D. (and in some cultures that's more common). You can have a B.Sc. in biology, or an M.Sc. in EE, or a law degree or no degree and nobody knows. As a manager in a large tech company I didn't even know that for the people I managed. I would usually find out people's background through random talk but it's not information I had access to. I was surprised to find one of the rising stars didn't finish his degree and wanted to take some time off to finish it.
Where it does matter is in the hiring process and especially for juniors and larger companies.
> I've never seen a time when tech is less about engineering than right now.
Sad but my experience as well.
As someone who started being more self-educated (I did learn a lot of theory myself) and only later finished my degree (started, dropped out to do some real work, came back much later) I do think a good CS program teaches a lot of important things. Most importantly the ability to learn and understand research in this area. Not all the specific things you're going to learn are going to be applicable all the time, some will some of the time, and not having that background at all is limiting. You can learn this without going through the academic system but it's much harder and most people don't and stay stuck in some sense.
In retrospect it was not the best choice because college does give you a unique chance to get connections that let you into "the club" and will send you to the upper echelons of FAANG and early retirement.
I always thought I would just become a better and better engineer cutting my teeth at startups and then make the switch, but now it almost feels like you are a career startup engineer or a career big tech engineer, and making the switch is difficult. One is obviously insanely more lucrative, probably 3-5X with the way equity has exploded.
In the US I waited until I was 24 years old to transfer to a 4 year university, because my parents were somewhat well off and utterly unwilling to help with my student loans when push came to shove - even though my financial aid was calculated based on their income and assets. At 24, I was reclassified as an "independent student", and my financial aid was now calculated solely on my (nonexistent) assets. The dynamic entirely flipped and I got to go full time, and even live in a dorm and stuff.
Between 18 and 24, then, one has roughly six years to get a 2 year community college degree out of the way for relative pennies on the dollar. That's a lot of time! Federal loans can pay for all or nearly all of this, but CCs are generally cheap enough that even on minimum wage one can generally budget the ~$100-200 per month it takes to take one or two classes per semester. (I wouldn't actually recommend paying out of pocket if you can avoid it, because your quality of life suffers far more from a $200 extra per month when you are making minimum wage vs when you are making six figures, but to each their own.)
If you fear you won't be able to transfer to a 4 year university for whatever reason, there are 2 year degrees which provide on-ramps to paid work; my original degree was going to be like that until I switched plans to the transfer approach.
The time I spent in a 4 year university weren't entirely covered by grants of course, but it was many multiples cheaper than it would have been had I insisted on going right out the gate. I don't think I would have been approved for the six figures of loans I would have needed with that plan with such unwilling parents. I walked away with low figures total in debt, which is much more manageable, and has a much higher ROI than e.g. $30,000 of a house mortgage. I actually somehow ended up holding less student debt than most college degree holders I have met here in Finland, where tuition is free and loans are intended to pay for everything else (housing, etc).
Later I joined one of my freelance clients as a co-founder (early 30s), more risky than the FAANG path but we’re on the right path to a comfortable pension.
I wouldn’t trade my life for that of some of my FAANG friends.
After I left Australia and moved to Europe, I realized after some time that 'the matrix' had demoted me into a lower social class. I had to work harder for less money and had access to fewer opportunities.
Then I joined the crypto sector and the people there seemed almost mentally deranged. I didn't understand it at first. They had a way, way, way more cynical view of the world than I did. In retrospect, it feels like they had been under attack by the system, in secret... And they saw any outsider as an enemy. I felt like I was disliked for not being cynical enough. Like my subtle optimism was a signal that I didn't belong. It made me a target.
Then I came back to Australia after having a really tough time and switched back to mainstream tech sector and it was like everyone I worked with was living in some fantasy world. Like 10x more naive than I ever was, all colleagues with master degrees and PhDs... Work was a lot easier too. More forgiving. Also, I was liked. People were almost too nice to me.
The difference is privilege. I can see it very clearly now. It's absolutely not based on culture or race.
Society is highly stratified and I believe there are mechanisms built into the system to prevent people from different classes to meet.
I feel like there is some kind of operating system which manufactures cultures to create separations... Traditions and taboos separate people to prevent them from sharing their experiences and to maintain blind spots which serve to hold the system together. I think I understand why rich people don't like to hang around regular people.
Have you ever wondered why people don't talk to strangers anymore? I went to a train museum recently and noticed that the carriages on old trains had seats facing each other; I sat on one side and thought to myself that it must have been awkward for people to stare at each other in the face, sitting so close to each other, with nothing and nobody standing in between them... for such long trips. Carriages were split between 'smoking' and 'non-smoking'... Nowadays carriages are split between 'normal' and 'quiet'... And the number of quiet carriages seems to have increased over time... It's like there are forces in society which try to prevent people with different experiences from sharing their experiences. This is masked by superficial differences; superficial mental and physical differences are fine but experiential differences are not.
When I watch modern movies, they seem to show characters from an elite perspective. Even characters who are depicted as poor seem to share elite ideologies which makes the characters not believable.
Also, beyond values, there are some material distortions; I've seen too many detective series were the cop is living in a luxury penthouse.
You only miss a bad job market entry and low salaries, you need every meagre advantage you can get.
100% agree on a degree being a strong signal, by the way.
A degree simplifies the cognitive resources needed to gain trust. Normally, gaining trust requires a lot of time. As a freelancer, it took me two years of very low-income work and repeatedly taking small jobs before I got my first real contract, simply because I didn't have a good degree.
But if you have a degree, you can skip that starting line quickly. I've done over 400 small jobs—work for college students, professors, and business owners. 80% of those were won with the lowest bid. And because I took those low-bid jobs, I eventually landed fairly well-paying contracts (about 35 of them) where I even drafted the contracts myself.
Moreover, while they say you can learn without a degree, it's much harder.
Why? Because a degree provides guidance through a curriculum. When you're just starting out, you don't even know what you need to learn. You have to ask around and figure it out piece by piece. A degree, even if you don't study properly, at least gives you the keywords to search for. Without a degree, you don't even know what it is you're trying to do.
I don't have a computer science degree, nor did I attend a good university. That's why it took an enormous amount of time to generate income from computer-related work. And even then, the vast majority of jobs paid below minimum wage, if anything at all.
I made it 15 years on mostly willpower earning millions of dollars, but never worked for a FAANG in any capacity, was unemployed (and even homeless) for different stints starting out, and to this day still get asked why I don't have a CS or engineering degree.
And a Haiku-powered Claude Code could now probably one-shot most of the stuff I have ever banged my head on as hard as I could to figure out.
I am just reflecting on the past though. What will make you "successful" then won't be what makes you that now.
Alarming doesn’t begin to describe it. This is an existential crises for our industry. The situation for entry level has been dire for some time. Those of us who have decades experience have nothing to worry about; the companies who replace juniors with AI are doomed. It takes years to gain proficiency with art of software engineering. Who will replace us? Or what am I missing?
Yes, this has unemployment computer engineering at #2 with 7.8% and computer science at #5 at 7.0%.
Philosophy is at 5.1% unemployment.
The next column is also important to look at - the underemployment rate. Is the graduate in a profession that requires the degree.
The underemployment rate is defined as the share of graduates working in jobs that typically do not require a college degree. A job is classified as a college job if 50 percent or more of the people working in that job indicate that at least a bachelor's degree is necessary; otherwise, the job is classified as a non-college job.
Philosophy has a 47.1% underemployment rate. Half of the graduates with a philosophy degree aren't employed in a job that requires a college degree.Underemployment for computer engineering is at 15.8% (3rd lowest) and computer science is at 19.1% (9th lowest).
If you want a unemployment rate for computer science that matches philosophy the answer is easy - hold your nose and take the front desk receptionist job.
Also... sort by "median wage early career." Computer engineering and computer science are #1 and #2 at $90k and $87k. There's something important there too - most college graduates are not getting $100k/year jobs. That expectation of Big Tech wages out of college and turning one's nose up at a job that offers the median claiming that "it isn't competitive" may be contributing to the unemployment rate.
There isn't an existential crisis there. Most college graduates are finding jobs in the profession and computer science and engineering (from that data) are the highest paying college majors.
Left unstated is what jobs philosophy and art history majors take.
There's more computer scientists working in computer science than there are philosophy or art history majors working in philosophy or art history.
Save money
Invest in market share
Increase market cap
Hire the last remaining seniors at higher rates but only where needed
Great time to be a shareholder or staff level engineer. For everyone else, the ladder has been pulled.
Currently the only method to stop students from cheating is to run strictly controlled paper-based exams, and with smart glasses with built in LLMs, this is becoming more and more problematic. Anything not run under strict conditions is entirely untrustworthy.
Management is slow to catch-up or react and the lecturers running these degree courses are under significant pressure to increase the results. I'm aware that many are doing class-wide weighted adjustments just to keep the numbers of passing students up. The quality of students graduating with CS degrees is declining rapidly.
[1] https://www.dailycal.org/news/campus/academics/failing-grade...
The article essentially says that, for a junior to be hired, they should demonstrate the same experience as a senior: deploy real system that solve real problems, know how systems behave in production, etc. That is precisely the skillset that someone builds up in a professional environment, i.e. after being hired.
In my view and experience (20+ years in the field) the value of junior colleagues is not in what they already know how to do, but in the freshness of their ideas, and the ability to learn the skills required to bring those ideas to fruition.
So, I agree that the hiring pipeline is broken, but for a different reason: companies stopped looking at juniors as a long-term investment.
I can think of a few reasons for that. In any case, that mindset is to blame, not the "kids" and their education.
Would it be 80s technology everywhere but widely deployed? Or would things have advanced further - better compilers, more ergonomic languages, better platforms etc? I don't know. But I suspect we'd still have needed people studying computer science to advance the state of the art.
Now looking forward 30-40 years from now, will everything still run on 2020s technologies?
Companies will still hire new grads, but are being much more careful because the quality of new grads is just so low now. Even "experienced" engineers are having a hard time getting hired because they're honestly not that good but got in when the market just needed bodies. I think hiring is broken for people with more experience due to this.
I do feel bad that people went down a route believing there will be a career down the road for them. I do believe what would help is some sort of licensing. It would add an extra barrier, but there really needs to be a gate to prove some sort of competence because there are now way too many people in the industry who just aren't that good tbh. It's ruining the whole thing for people who do have drive and passion that now can't get in the door due to the skittishness of companies.
Additionally, getting into the best school possible is critical. The top 20 CS, CE, EE, ECE, and EECS undergrad programs in the US graduate around 15-20k students a years. That is a large enough pool to recruit from for NCGs. For diversity reasons, employers will often also recruit from Veteran programs and some respected regional colleges (eg. SJSU, CalPoly, or SCU in the Bay or UTD, UTA, or UTSA in Austin) and then call it a day, so where you go truly does matter.
Computer science isn't for everyone, and probably the people going into it for the money should look elsewhere. You should study computer science if you find it intrinsically interesting. If you fall into that category, it will teach you how to think about problems rigorously, how to find solutions and break them down into steps that can be stated unambiguously, and how to reason about the performance and real-world tradeoffs of complex systems. Those are skills that will never be outdated, even if programming becomes fully automated.
I know plenty of programmers with degrees other than computer science. Geologists, biochemists, theoretical physicists, etc. Most hard sciences involve some degree of programming at this point (usually Python). And with AI, system thinking is becoming much more relevant than deep algorithmic knowledge or math skills. Nice if you can do that stuff manually but not that essential anymore.
Blacksmithing as a profession isn't dead either, it is still possible with the right approach. Just don't expect knights to come knocking asking you to make them the next Excalibur.
also right now nothing is higher signal than a new grad who built a product with actual paying users
Why? You don’t narrow your scope at the beginning!
While I don’t agree with “it’s not what you know, it’s who you know” - both are critical and just having one without the other isn’t going to set you up for success - I think we don’t do enough to tell young people about item 2.
The interesting areas involve some sort of domain expertise- medical, physics, civil, electrical, chemical engineering, etc. or even pure math in the case of data science.
CS lacks all of those, including a strong math background.
Sure, for plain “boring” software development, CS is perfectly fine.
But in terms of one’s personal education and career trajectory, why not aim higher?