Quote:
Originally Posted by Tradewinds47
Hello all, first time poster. We all know that traditionally (the last decade or so) a bachelors degree has been a requirement to get hired by one of the majors. With the forecasted hiring wave due to retirements, what are your opinions of a guy being competitive without a bachelors degree over the next 3-5 years?
I'm currently in a bit of a pickle deciding on my next move to make myself a more desirable and qualified applicant. Unfortunately when I started flying, I had enough saved to either finish my flight ratings or go to college.
My current situation allows for one of two options. Stay debt free, keep plugging away at my regional job flying 90 hours with 12 days off in month. Volunteer my time on days off to causes that could genuinely use a helping hand; be productive and offer some real help.
Option two- take out student loans to finish an online degree in my free time. Would wind up digging myself a $25,000 hole and take about 3 years to wrap up. I'm ok with that if it would put me in a position to be hired by a company that pays better than a paycheck to paycheck lifestyle.
I talk with guys in the jumpseat that say 5 years from now, the big three will be hiring guys without a degree on a regular basis. I'm looking for your opinions because I don't want to look back and say 'I should have started the degree years ago because now I'm stuck here' or 'I should have never taken out the loans and done the degree because it wasn't even needed.'
You might get hired without one a few years out, but that is pure conjecture. In any case, the person with a degree is always going to have a leg up on the person without one when it comes to getting hired and in finding something else to do if their flying career comes to an end for reasons not in their control.
Not to be an alarmist, but we are currently in one of the longest economic expansions in history. In a timeframe of 3 to 5 years out, there is no guarantee that this will continue and a decent chance that we hit a rough patch, which might make that pilot shortage/lowered standards prediction a bit off. I've seen three major industry downturns that have swept a lot of predictions about hiring into the trash. Things have a way of seeming one way until suddenly they aren't and the fallout from these events can take years to go away. The Gulf War in 1990. 9/11 and the 2008 Great Recession should be constant reminders not to assume that the current situation will continue without interruption. Before that, there was the 1973 oil embargo, the 1979/80 recession and the 1982 recession.
Look at getting a degree as both an insurance policy and as a leg up on getting hired. There are ways to do it without incurring huge debt and cost.