Double Journey

I was thinking about all the people who never finished college and went on to great careers.  Just look at this list off the top of my head

• Bill Gates
• Steve Jobs
• Michael Dell
• David Geffen
• Larry Ellison
• Mark Zuckerberg

The list could go on for quite a while. In thinking about this I actually think this is not entirely a coincidence.  On that list are some of the most powerful and influential people in our modern business world.

Now in any sort of argument like this it is important not to confuse cause and effect.  It could easily be argued that all these people would have been successful whether or not they completed college.  It is not the fact that they DID NOT complete college that they were successful.  It is merely the fact that successful people will be successful no matter what.

While I certainly believe that may be partly the reason, I’m not sure there is not some level of causation.

One of the things I have been thinking about lately is how our society is organized and how it has created certain outcomes.  One of the things that is readily apparent to me is that our society is not geared to produce creative thinkers.  Our education system is very rules based.  And rules are in direct opposition to creativity.  The more rules you put on someone the more you constrain and limit her creative side.

We have created millions of students who know how to follow the rules and conform.  We use standardized test to measure performance and emphasize rote memorization and regurgitation over creativity and original thinking.  Those who are able to excel at these things are the ones who do well in school but they are not necessarily the ones to change the world.  You cannot change the world if you are constrained to thinking like everybody else and by following the rules that others have laid out for you.

I am not trying to be negative about our education system.  I am someone who benefited greatly from the current system as my strengths lie in taking standardized test and in rote memorization.  I therefore excelled in school.  But I am also not (yet) lighting the world on fire like the list above.  We as a society have emphasized this type of learning and environment to produce exactly what we wanted; a group of workers who would excel at doing exactly what was asked of them.   This was exactly what was needed for the majority of jobs that we created during the twentieth century.  Factory workers need to follow instructions exactly.  So do accountants (the last thing we need is “creative accounting”.

So while I think our education system is great at producing this type of worker, it is not so great at creating the Steve Jobs and Mark Zuckerbergs of the world.  As we move away from a world where the good middle-class jobs are no longer available in the factories of Detroit but only via the screens of Silicon Valley, can our education change with it or will we be doomed?

So there is definitely one positive thing happening because of this financial crisis.  People are talking about it.

I love talking about financial matters.  It is one of the reasons this blog exists.  My ears perk up whenever someone around work starts talking about saving, investing, and the stock market.  I love sharing the wisdom I have learned over the years with people just starting out.  It is one of the reasons I keep this blog up even though my original goal has gone out the window.

Because of the financial crisis, I have talked more about finance, money, and the economy at work than I ever have before.  People are interested in what is going on and don’t always understand what is really happening.  I don’t expect anyone to be as into it as I am, so I try and explain my perspective as much as I can so I can educate others.  The benefit of this is that often times, I can get someone interested enough that they start seriously thinking about their future.  I believe I have convinced more than one person to at least start putting away some money in their 401K.  I think I may have even convinced someone to dabble a little bit in the stock market.

At the very least, I hope this crisis gets people talking and interested in money and the economy.  I believe we are probably in for some rough times ahead, and the more people who take an active interest in their own financial matters, the better off I think we will all be.

My girlfriend was reading a book called The World’s Greatest Resumes by Robert WM. Meier. In it he talks a lot about having the perfect corporate pedigree and how his book can help those that don’t have a perfect corporate pedigree. It tells you how to emphasize certain aspects of your resume, and how to work your way around some of your weaknesses. Overall, I think she would recommend the book, as her resume looks pretty good now.

I write about this because when I asked about the book, she told me I didn’t need it, because I have the perfect corporate pedigree. I laughed when she said this, except she was serious. I’ve never really thought of myself this way despite the fact that I’ve always seem to be able to find a job, and a good job, when I want one. So just what does make a perfect corporate pedigree? While not coming out and explicitly saying it, Meier seems to suggest that a great pedigree involves

• Having an Ivy League Degree
• Working for a big Fortune 500 Company
• Having a continuous work history that shows good career progression

I fit the bill because I graduated from Princeton University, I have worked for two Fortune 500 Companies, Accenture and Microsoft, and I have no large gaps in my resume. I believe I took a small step backwards with my move to Microsoft, but I can easily explain the move and to outsiders it looks like a smart career move. So having these “qualifications” supposedly makes me more desirable to potential employers. Is it true?

Hard to say. I would say there is no doubt that many doors have been opened to me because the Princeton and Microsoft name carry some clout. I have a pretty high success rate of responses to people who I sent my resume to. I would say that of all the resumes I sent out in my latest job search, I had about a 40% response rate. This is a phenomenal number. But I want to stress this. I think this allowed me to get a call back, I don’t think it helped me all that much to actually get the job. But considering the fact that getting the call back might be the hardest part, then this may indeed be a key success factor.

HR and hiring managers might look through hundreds of resumes to fill an important position. Lots of times, they will only scan your resume and look at your eduction, job history, and previous titles. It is important to have something on your resume that will let you stand out from the crowd in this case, and having the above criteria certainly won’t hurt you.

The point of me writing this post is that you need to understand what many employers are looking for in order to prepare for it accordingly. If you have the above pedigree, great, you are set. Just make sure your resume looks decent and that you use the advantage that you have wisely. If you don’t, you need to be sure that you are showing off your qualifications in some other way to stand out. Further, if you have the opportunity to enhance your resume in some way, like going to get your MBA at a top-tier school, or to go work for a Fortune 500 company, you need to seriously consider it.

That’s my admittedly bias perspective. What do you think? How important is having a good “corporate pedigree”?