US companies increasingly eliminate college degrees as requirement amid 'out-of-control' school costs

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'If you are going to work for a tech company, what's more important? A college degree or practical experience that you can code,' one entrepreneur said.

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Between 2017 and 2019, 46% of "middle-skill occupations" and 31% of "high-skill occupations" saw a drop in college degree requirements which "could have major implications for how employers find talent and open up opportunities for the two-thirds of Americans without a college education,"a report from the Burning Glass Institute. In line with the trend, the report projected the move could open up 1.

Still, Camberato said certain skilled positions in medical, accounting and law need to hire people with appropriate degrees. Outside those professions, he does not believe degrees should be the core focus of recruiters and corporations. Entrepreneur Ted Jenkin told Fox News Digital that a proven track record of success and real-world experience is becoming more of a focal point in today’s business society. Jenkin, the CEO and founder of Exit Stage Left Advisors and Oxygen Financial, said that while many people strive for a college degree, he would rather hire someone that can prove they are dependable, reliable and can successfully complete the job.

Although several high-profile companies are removing degree-based barriers to entry, Bailer noted that 50% of all jobs require some level of technology and digital skill. To some employers, real-life work experience, including both technical and managerial skills, are more valuable than a degree in a subject area in which they have no work experience," she said. "Many young college graduates are not able to produce both a rich resume of job experience and a degree simply because there might not have been time to do both."

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