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College Students: Want To Earn More? Take a COBOL Class

jfruh writes: With a lot of debate over the value of a college education, here's a data point students can use: at one Texas college, students who took an elective COBOL class earned on average $10,000 more a year upon graduation than classmates who hadn't. COBOL, dropped from many curricula years ago as an outdated language, is tenaciously holding on in the industry, as many universities are belatedly starting to realize.

3 of 270 comments (clear)

  1. Thanks, but no thanks. by richardtallent · · Score: 4, Interesting

    I took COBOL -- late 90's.

    The one job interview I went on where I could put that skill to use showed me why I *wouldn't* want such a job.

    The issue wasn't the language per se, it was the fact that most companies still using COBOL are also trapped in chronically underfunded and undervalued IT departments, holding old machines and apps together with bailing wire and duct tape.

  2. Re:You can't earn a lot while working for others by Wootery · · Score: 4, Interesting

    Non sequitur. Your life experiences do not dictate universal truth.

    Your success as an entrepreneur does not mean that others will find the same success; your 'moral' isn't well supported. The risks of entrepreneurship are well known (and are obviously one of the main reasons we aren't all entrepreneurs). You are demonstrating survivorship bias.

    Your point that successful entrepreneurs earn more than company employees, depends on which company employees we look at. I'm willing to bet the top people at Bank of America pull down more than your average entrepreneur, but of course very few employees will ever have the opportunity to get such a position.

  3. Re:You can't earn a lot while working for others by Roger+W+Moore · · Score: 3, Interesting

    REALLY want to earn a lot of money, working for others won't make you rich

    Tell that to the banks and the finance industry in general. You might not make it to billionaire but millionaire is easily achievable, all for risking other people's money with apparently almost zero risk to yourself even if you are the one responsible for messing up.