Companies That Dropped Degree Requirements Are Mostly Hiring College Grads
Many employers still give jobs to college-educated workers even when a degree isn’t required.
Researchers found that just one in 700 workers hired last year benefited from a recent shift away from mandatory degree requirements.
Photographer: Daniel Acker/BloombergBank of America Corp. and Lockheed Martin Corp. are falling short on promises to hire more workers without college degrees, according to a new report.
They're among the 45% of large US firms that declared a college degree unnecessary for many roles and then didn’t change their hiring practices, according to an analysis from Harvard Business School and Burning Glass Institute, a labor-focused nonprofit. Another 18% of companies — including Delta Air Lines Inc. — made progress early on, only to revert to old patterns later.