In this podcast, I sit down with Lynette Claire, a Business Professor at the University of Puget Sound to discuss whether entrepreneurialism is something that can truly be taught. Being a business owner for over nine years now (and having sold one), this is an area I have an intense interest in... With the endless amount of knowledge, one can attain via the internet these days many are questioning the need for a college degree. Does going to college make you a better entrepreneur? Does it set you up for future success? Or, does it take away precious time that you could be using to grow your business? These and many more are great questions surrounding the question of the necessity of a college degree. One of the loudest arguments against college is the lack of experiential learning. Many think that the education you are getting at a college is far outmatched by simply going out and doing what you want to do. Learning from your mistakes and the experience of those around you. While this isn't something that can be done for all lines of work, it is something that can most certainly be done in entrepreneurialism. To combat this argument and better prepare students many colleges are now incorporating experiential learning into their courses. For example in one of Lynette's classes, all of the students are tasked with starting and running a business. This type of learning allows the students to experience what they will be doing on the other side; in an environment where they can be helped as needed and where the cost of failure is far less. Opportunities like these give many students the opportunity to "Try Before You Buy". How is one to know if what you think you want is what you really need. That is what college helps many figure out. You may find new passions in an extracurricular course, learn about a field that you have a great interest in pursuing further, or find out that you really don't like doing what you once thought you did. College is a great place to figure all this out, but at what cost? This is where many take into question the ROI of college. But can you quantify the cost of all that college has to offer? The connections, experience and lifelong lessons learned. The ROI of college is another hotly debated topic in today's day and age. The ROI (return on investment) of college can vary depending on a number of factors, such as the field of study, the level of degree earned, the individual's career goals, and the specific college or university attended. On average, studies have shown that individuals with a college degree tend to earn significantly more over their lifetime than those without one. In the United States, for example, according to the Bureau of Labor Statistics, the median weekly earnings for someone with a bachelor's degree in 2021 was $1,305, compared to $781 for someone with only a high school diploma. This translates to an annual difference of over $29,000. However, it's important to note that the cost of college can also vary widely, and can be a significant investment for many families. Students who graduate with high levels of student loan debt may take longer to achieve financial stability and may face challenges in achieving a positive ROI. The ROI of college can be substantial for many individuals, but it depends on various factors such as the specific degree earned, the individual's career path, and the cost of attendance. Finally, I conclude the podcast by asking Lynette what advice she would give to her younger self; this is something you have to see for yourself... Thank you for watching and supporting the Better U Podcast.
Are business degrees still valuable? Aren’t the primary business skills learned while “in business” not “in a classroom”? What's the ROI of a business degree? Understandable questions…especially as knowledge is more available today than ever. How can a business school measure it’s ability to transform students?
I sat down with Dr. Ken Sagendorf to ask these questions and discuss the increasing pressures the field is facing. Additionally, we discussed another debated topic: can innovation be taught?
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About the Guest Dr. Ken Sagendorf is the Founding Director of The Innovation Center, a Professor and the Program Director of the MBA in the Anderson College of Business & Computing at Regis University. Ken’s work focuses on designing educational environments that foster deep and transformative student learning. Ken puts strategic planning, management and leadership skills honed over twenty years within and outside of academe into action through innovation. He started the Regis Innovation Challenge business competition and built both the Innovation Incubator and the Magis Factory Accelerator to work with students and the community to start and run sustainable businesses. He is the author/editor of four books on improving education and has founded four businesses in both the for-profit and non-profit space. He has consulted and presented around the world on identifying and creating innovative, structural, and aligned solutions for institutions, companies, and individuals and serves on multiple boards. His research focuses on aligned leadership and organizational culture. Dr. Sagendorf holds a Ph.D. from Syracuse University and a postdoc from the University of Florida in marketing and management.
About the School Regis University is a private Jesuit university in Denver, Colorado. Founded in 1877 by the Society of Jesus, the university offers more than 120 degrees through 5 colleges in a variety of subjects, including education, liberal arts, business, nursing, and technology. While Regis may have an expensive sticker price, it is ripe with merit opportunities (avg. cost after aid is $25,000) for students who are interested in a small-school atmosphere in the heart of Denver.
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Michael sat down with Catherine Rohde of Regis University to discuss not only the financial aid process but also how students can maximize their financial aid. Catherine has been a Financial Aid Director for almost 20 years, at both the University of Colorado Boulder, and Regis University. She's helped thousands of families and was willing to sit down with us to discuss more.
There are appeal (negotiating) opportunities that very few prospective students are aware of...and unfortunately, very few take advantage of. Additionally, many families are unaware that Financial Aid Directors are ready and willing to work with a family, especially at private colleges, to find ways to cut the cost. In this podcast, Catherine was kind enough to break it down. To support this podcast, please make sure to subscribe. Who is Michael?
Michael MacKelvie is the founder of College Guide Pro, the leading solution and service for families who want to pay less for college. He is also the creator of the BetterU podcast, which is designed to give families an inside look on higher education, and how they can maximize their financial aid.
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The United States is suffering a dangerous teenage mental health crisis. From 2009 to 2021, the share of American high-school students who say they feel “persistent feelings of sadness or hopelessness” increased from 26% to 44%, according to a new CDC study. This is the highest level of teenage depression ever recorded.
The Government survey of almost 8,000 high-school students, conducted in the first six months of 2021, found significant variation in mental health among different groups. More than 1 in 4 girls reported that they had seriously contemplated attempting suicide during the pandemic, which was twice the rate of boys. Sadness among white teens seems to be rising faster than among other groups.
Sadly, the big picture is the same across all categories: every measure of mental health is getting worse for every teenage demographic, and it’s happening across the country. Since 2009, depression has increased for every race.
So…where is all this depression coming from? I asked Doctor Amy Mezulis, Professor of Psychology at Seattle Pacific University, Clinical Psychologist, and Co-Founder of Joon Care, the world’s first online teletherapy practice. She holds a rare status of teaching, practicing, and leading the fight against Teen Depression.
The college transition is stressful, so how should parents navigate this? What should students do? There are a lot of questions, and Doctor Amy Mezulis answered those questions in this podcast.
Award-Winning College Planning Tool (website): https://collegeguidepro.net/ Instagram: https://www.instagram.com/michael_mackelvie/ The college pricing system is wildly complex...which is part of the reason why so much money is left on the table. I sat down with Peg Keough, who is the founder of "Way to the Quad" and knows more about the college pricing system than perhaps anyone. For parents, the college planning process is confusing, and often conflicting. It may feel like there are tremendous tradeoffs between the price of a college, and the value, but if parents became more informed about these topics they would likely realize that these tradeoffs are...somewhat of a mirage. College price is not indicative of value. There are a number of reasons why the college pricing system can be complex. Here are a few: The cost of tuition and fees varies significantly from one college to another, and even within the same college, depending on factors such as the program of study, whether the student is a resident or non-resident, and whether they are an undergraduate or graduate student. Many colleges offer financial aid packages to help students pay for their education. These packages can include grants, scholarships, loans, and work-study programs, and they are often based on a variety of factors such as the student's financial need, academic merit, and other criteria. Some colleges have a tiered pricing system, in which students from certain states or countries pay different tuition rates based on agreements with those states or countries. The process for applying for financial aid can be complex, as students must often complete multiple forms and provide detailed information about their financial situation. The cost of college education has been rising in recent years, which can make it challenging for students and their families to afford the cost of tuition, fees, and other expenses. Overall, the complexity of the college pricing system can make it difficult for students and their families to understand the total cost of their education and plan for how to pay for it.
To support this podcast, please subscribe for more. In this podcast, I sit down with Dr. Brian Adams a Ph.D., a Professor of Finance at the University of Portland. We discuss a variation of topics focusing on finance and the finance degree, as well as the application of the finance degree to one's career, and other areas of life. A finance degree prepares future professionals to guide individuals, corporations, government agencies, and other firms or organizations through financial struggles and uncertainty but also with short-term and long-term planning responsibilities. Finance majors complete a balance of theoretical and practical courses in a myriad of areas including business development, economics, organizational management, marketing, risk management, accounting, investments, supply chain, statistics, and IT. The value of an MBA can vary depending on the individual and their career goals. For some people, an MBA can provide valuable skills and knowledge that can help them advance in their career and possibly increase their earning potential. For others, an MBA may not be as useful or necessary. It is important to carefully consider the costs and potential benefits of an MBA before making a decision to pursue one. Everyone's situation is different so there is no universal answer It is ultimately up to each college to decide whether or not to remove testing requirements for admission. There are arguments for and against removing testing requirements, and the decision will depend on the specific circumstances and goals of the college. There are many opportunities for women in finance. In recent years, there has been an increasing focus on diversity and inclusion in the finance industry, and many organizations are making efforts to hire and promote more women in finance. There has also been a push at the university level to increase diversity amongst majors where there is a lack of gender neutrality. Finance is one of those majors that has long been a male-dominated space. I as Brian what he thinks about this and how the university and industry as a whole is working and adapting to resolve this. Self-censorship in the classroom refers to the practice of students suppressing their own thoughts, opinions, or expressions in order to avoid offending or upsetting their classmates or teacher. This can happen for a variety of reasons, such as a fear of social rejection or a desire to conform to group norms. Self-censorship can be detrimental to the learning process because it hinders open and honest discussions, and it can prevent students from fully engaging with the material. Teachers and educators can help to prevent self-censorship in the classroom by creating a safe and inclusive environment where students feel comfortable expressing their ideas. Higher education has changed significantly in recent years due to a variety of factors, including advances in technology, changes in the job market, and shifts in the economy. Many of these changes were a result of the recent and ongoing COVID-19 pandemic. The podcast concludes with Brian sharing his advice for anyone considering a finance degree. How might one should approach it. What it is useful for. Why some sort of financial education is important for anyone.
Watch the full episode on Youtube: https://youtu.be/nmYrBXm_KFY
