New pathways | JPMorgan's CEO slams universities - are early careers set to transform?

JPMorgan’s CEO Jamie Dimon recently came down on universities, saying that as Gen Z graduates struggle to find work despite having good grades and relevant qualifications, their inability to find work shows us that the way upper education institutions are ranked is fundamentally flawed.

Instead, he suggests, how prestigious we perceive a university should be based on how easy it is for young people to achieve a good job with a high paid salary once they’ve graduated.

“Too much focus in education has been on graduating college, but it should be on jobs,” says Dimon. “I think schools should be measuring if the kids got out and got a good job.”

“You could be a teller and make $40,000 a year as a 17-year-old, and if you happen to have a family at 18, you get $20,000 of medical benefits for your family,” said Dimon. “So, you could be a welder, you could be a coder, you could be cyber, you could be automotive, all those jobs are 40 to 60 to $70,000 a year.”