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Majority of SMEs devalue degrees; In Brief.

OVER 60 per cent of SME owners in the West Midlands believe that a university degree is becoming increasingly devalued, according to a recent poll.

Of that number, 46 per cent believe university degrees are now so commonplace that they have lost some of their meaning, while over a third say there is no substitute for practical experience.

The figures come from the latest Close Brothers Business Barometer, a quarterly survey that canvasses the opinion of business owners and managers from a range of sectors across the UK and Ireland.

Martin Baker, regional sales director for Close Brothers Invoice Finance in the West Midlands, said: "It may not come as a surprise to some that so many local employers think that a university education is becoming less valuable.

"Our statistics seem to suggest that many employers are beginning to give greater recognition to practical, hands on experience, arguably ahead of academic achievement."

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Title Annotation:Business
Publication:Coventry Evening Telegraph (England)
Date:Oct 20, 2014
Words:152
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