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?

Job markets are experiencing rapid changes around the world and due to

this

, practical skills have become far more important than theoretical

knowledge

. One of the possible effects of

this

would be that formal qualifications might not be required by applicants in the

future

.

This

essay agrees with the arguments stated above and will discuss the reasons for the same. Practical skills, in comparison with qualification driven

knowledge

, train an employee about the latest skills required for a job.

Knowledge

provided during qualification is not updated frequently as the teachings are based more on the old

concepts whereas

Accept comma addition

concepts, whereas

, the practical skills are developed by working on real

life

Suggestion

live

cases.

This

results in the

importance

of practical skills exceeding

theorethical

concerned primarily with theories or hypotheses rather than practical considerations

theoretical

knowledge

by leaps and bounds.

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, the skills imparted through formal education are outdated and not in conjunction

to

Suggestion

with

what is required practically on the job. Due to practical

knowledge

being more important, employers prefer candidates on the basis of practical skills rather than qualifications, which would result in qualifications losing their

importance

in

future

Suggestion

the future

. In a world full of qualified professionals, employers look for practical skills, which act as differentiators as more the implementation experience a candidate has, lesser amount of investment would be required by the company

on

Suggestion

for

the candidate.

For example

, in the US, recruiters stress more

importance

on the projects completed by MBA graduates as compared to the subjects studied.

Hence

, due to the rising

importance

of practical skills among employers, qualifications will lose their

importance

and might not be required by an applicant in the

future

. To sum up, since 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

Suggestion

a bookish knowledge

knowledge

,

hence

, practical skills are much more important than

bookish

Suggestion

a bookish knowledge

knowledge

and qualification will not be required by applicants in the

future

.