In today's job market it is far more important to have practical skills than theoretical knowledge. In the future, job applicants may not need any formal qualifications. To what extent do you agree or disagree?

In the era of the 21st century,
job
markets are experiencing rapid changes everyday around the globe and due to
this
trend, practical skills have become far more important than theoretical knowledge. Due to
this
trend, a lot of people believe that formal qualifications will soon be a thing of the past.
This
essay agrees with the argument stated above and will discuss the reasons for the same. Practical skills, in comparison with
qualification
driven knowledge, train an employee better about the on ground skills required for a
job
. Knowledge provided during
qualification
has not been updated with the ever changing landscape of the
job
market as artificial intelligence has impacted major fields around the world.
This
has resulted in a big gap between what is required to be done on
job
Suggestion
the job
a job
and the skills that have been taught during any formal
qualification
.
For example
, major trading courses around the world still teach about manual trading when
algorithamic
of or relating to or having the characteristics of an algorithm
algorithmic
trading is running close to 40% of the trades on the market.
Hence
, the skills being imparted during formal education are outdated and way different from what is
required practically
Suggestion
practically required
. Due to the above mentioned point, employers prefer candidates on the basis of practical skills rather than qualifications. In a world full of qualified professionals, employers look for practical skills, which act as differentiators as the more implementation experience a candidate has, the lesser amount of investment would be required by the company
on
Suggestion
for
the candidate.
For example
, in
US
Suggestion
the US
, recruiters stress more importance on the projects completed by MBA graduates as compared to the subjects studied.
Hence
, employers stress more importance on practical skills as compared to the
qualificational
an attribute that must be met or complied with and that fits a person for something
qualifications
background of the candidate. To sum up, practical skills have increasingly become more important as compared to qualifications.
This
is due to the fact that the skills required in the
job
market are way different from what is being taught during qualifications and the employers prefer candidates with practical skills rather than bookish knowledge.
Hence
, formal
qualification
will be replaced by practical skills in the future.
Submitted by pg16shikhar_j on

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    • Sentence 1 - Background statement
    • Sentence 2 - Detailed background statement
    • Sentence 3 - Thesis
    • Sentence 4 - Outline sentence
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    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 3 - Second supporting paragraph
    • Sentence 1 - Topic sentence
    • Sentence 2 - Example
    • Sentence 3 - Discussion
    • Sentence 4 - Conclusion
  • Paragraph 4 - Conclusion
    • Sentence 1 - Summary
    • Sentence 2 - Restatement of thesis
    • Sentence 3 - Prediction or recommendation

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