Is a university degree still worth it if you're building a business?
I graduated 4 years ago, and I had the opportunity to go on to a PhD, but I gave up on that option. đ©âđ
Instead, I chose the "real world".
Many public universities in my country offer free tuition, while in the US tuition is very high, and people take out student loans that take decades to pay off.
In foreign startups, no one asked about my university education. Local ad agencies cared.
The paradox:
High-paying international startup â No emphasis on education
Lower-paying local job â University degree mattered
â Has a university education played any role in your job or business?
â Do you think it is necessary to have a university to create a successful startup?
Advantages that I perceive:
â University is good if you want to postpone working at a job or gain time to start a business while studying.
â Gaining contacts and some prestige.
â Gaining formal knowledge.
Disadvantages that I perceive:
â A rigid system that does not support thinking outside the box.
â Can prevent full entrepreneurship.
â A lot of sunk money on something that you may not even enjoy and will use in the future (in the sense you will not be working in a particular sector).
Replies
I am happy with my Software Engineer career over the last 15 years, and do not hold a university degree. I was making money from software before finishing high school 15 years ago, then one thing led to another and got into good jobs though connections I built up, mostly based on projects I had built - weirdly.... coming to think of it now, not once was I asked about education. This could maybe be location-based (United Kingdom). Or just got lucky. I do think university degree can help, and sometimes in non-direct ways: learning to complete a project (4 years requires consistency and not giving up!), building up a network, potentially getting those first few job becomes a lot easier in most cases.
So for those at the decision point, would summarise as: get a degree if you don't know if you should get a degree. Don't get one if you are already shipping and know what your purpose for the next few years is.
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@andriusbartulis Was it legal to work during your high school studies? Because we can formally take this kind of job when we are 18+. Or 15 â depending on the work.
@busmark_w_nika It's legal if you are selling a product or a service under your name/business rather than under an employment contract. I.e. there are tons of school-age kids running businesses and making good money even today.
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@andriusbartulis From which county are you? :D Because even when we wanted to sell something under our name, to do it legally, we need something like a "personal LLC" â called ĆŸivnosĆ„ and in many cases, you need to have at least 18 to run it (a lot of bureaucracy).
@busmark_w_nika I am from Lithuania, anyone from 14 can offer services/products personally by registering for for what we call "Individuali Veikla" which is essentially "Self employed" so no need to register a full business while getting started. These days takes 15 min online so very easy, then at the end of the year you just declare how much income you made and pay the correct tax.
With people asking the question of whether it's worth doing university or go indie hacking, a gap year is great to explore whether they can build something in that year, get a feel for it, then ask themselves the honest questions of "am I ready to do this?" or "would I benefit from having a plan B in a form of a formal education".
Relatable thoughts! For me, university helped build a solid foundation and network, but real growth came from building things hands-on. I donât think a degree is essential for starting upâcuriosity, resilience, and action often matter way more.
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@zimbra What did you study? :)
@busmark_w_nika Computer Science
I think it really depends on the individual and the path they want to take. For some, a university degree can provide valuable formal knowledge and networking opportunities. It can also serve as a stepping stone if theyâre not ready to jump into business or need a bit of time to figure things out.
On the other hand, for entrepreneurs, especially in the startup world, a degree may not be as important as practical experience and the ability to innovate. Many successful founders didnât have a traditional academic background but learned by doing.
I believe itâs more about your mindset and drive than whether you have a degree. If you're passionate about building a business, that energy can carry you further than a diploma.
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@alex_cloudstar True â most government jobs may require it (and jobs related to justice, and medicine)... Otherwise, it is up to your willingness to create some project.
Graphify
@alex_cloudstar Absolutely agree with your take, Alex, especially the part about mindset and drive.
From my experience, a degree is definitely not a requirement if you're focused on building a business or entering fast-paced industries like marketing or product. You can learn most things by doing and the internet has made access to knowledge easier than ever. But I also think university can offer a buffer zone to test ideas, build connections, and figure things out before going all in. So yeah, not useless, but also not essential. Just depends how you use the time.
I feel this. I couldâve gone the academia route too, but the âreal worldâ pulled me inâit just felt more real, more raw. And yes, wild how the more flexible, higher-paying gigs barely glance at your degree.
Uni gave me some structure and good people, but honestly, the real learning kicked in afterâdeadlines, chaos, figuring stuff out on the go.
Do you ever miss the classroom vibe though? Just for the sake of learning, not the grades.
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@ambika_vaish I do not miss so much secondary or primary school â university was quite good but I am a little bit disappointed I haven't benefited from opportunities more.
What did you study?
@busmark_w_nika I did engineering first, then pivoted into digital marketing with a course later on. So yep, very different paths-and yet the real world has been the best teacher so far.
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@ambika_vaishWhy did you decide on engineering? I mean that... in my country or in general, I cannot see many women in this field. And many of them perceive this industry as "masculine".
@busmark_w_nika Honestly, I never saw knowledge as gender-specific. Curiosity doesnât come with a gender tag. I chose engineering because I was drawn to how things worked, how systems connectedâsimple as that.
It wasn't about breaking stereotypes, at least not consciously. It just felt natural to follow what fascinated me.
BannsAi
Higher education has given me an overview of the world, how to go deeper and how to look for information, how to apply approaches. This in personal business is just a plus
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@julia_zakharova2 what did you study, Julia? :) When it comes to working with information materials â you are right â this gave me an overview so I can now see people who don't have this knowledge about resources and other things related to that, they can spread misinfo very quickly. At the university, they gave me that process how to handle information, how to clarify etc.
App Finder
The knowledge and skills you get at university when doing a science/math degree are clearly very important for a founder for a tech startup. While you can learn much for yourself or while working at another company, I think some things are best learned at university.
Regarding "rigid system that does not support thinking outside the box", this is certainly not the case when doing a science/engineering PhD.
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@konrad_sx You have experience with a PhD. â I suppose. What benefits did it offer you?
App Finder
I learnt the of foundations of math and computer science, which allows me to use a "scientific" approach with software development.
For example, to find (nearly) all apps on Play Store and App Store for my App Finder, I can't use traditional crawling (following links) because not every app is linked. With some mathematical reasoning, I could develop a method to "crawl" by doing search requests for essentially every possible app description with a limited number of requests. Seems no one at the other companies who crawl the apps stores had that idea (all people without PhD I guess), and they publish contradictory and much to low numbers.
Also, with a PhD you have learned to read and write complex research papers and quickly understand difficult topics. E.g., for my review of Privatemode AI I needed to understand some advanced cryptography.
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@konrad_sx Do you think it would be possible to create that crawling method even without PhD?
App Finder
@busmark_w_nika Would be possible. But I think the theoretical things I learnt at university made it easier to see the solution. I think when you just have something like a master in software engineering you'll have learnt much about specific languages and frameworks but not so much how to solve complex problems.
Product Hunt
@busmark_w_nika I did a PhD in mathematics. It offered specific benefits relevant to software, because I studied probability theory. I knew nothing about probability or statistics going into it, and now I know some things about it. I lean on that knowledge all the time.
After those specific benefits, in a PhD you deal with a lot of ambiguity. That is a more general experience, and knowing how to deal with ambiguous problems is even more important than statistics and probability!
But, I would not advise anyone to go into a PhD for any reasons other than personal reasons. You should either:
have a strong conviction that you want to stay in academia; or
have a very strong desire to study the specific subject matter
Lots of people learn how to deal with ambiguous problems without doing a PhD. If you do a PhD for the reasons above, and end up in industry, the experience in problem-solving will come in handy.
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@andrew_g_stewart
This is a good point you made: "stay in academia." â when you go to graduate school with the idea of ââgetting a job somewhere other than academia, you start to have a problem â you're overqualified and they can't afford to pay you.
This happened to a friend of mine â there were no jobs in her field and when she wanted to get a job somewhere else, she was turned down because she was too highly educated for the job.
She had no room for advancement in that area.
Product Hunt
@busmark_w_nika yes.
I don't know how common the "overqualified" problem is. It hasn't been a problem for me. (It has been a boon, but math -> software is only one career path out of many options.)
But going to grad school "with the idea of ââgetting a job somewhere other than academia" doesn't make sense to me. The opportunity cost is massive, and grad school training is not meant to prepare you for industry jobs at all. You're better off taking a job and using curiosity and introspection to ... get better at your job :P
Graphify
@konrad_sx That's a fair point, Konrad. I do think technical degrees like computer science, engineering, or physics can provide a solid foundation, especially when you're building something complex. It gives you a way of thinking that's hard to replicate elsewhere. But I still believe it depends on the individual, not everyone needs that depth from the start, and for many startup founders, execution and adaptability matter more than formal training.
It is a very interesting topic to discuss in the modern world. I do believe that a degree helps you to some extent, like getting a job in a big company when you are fresh out of uni. A lot of companies have Graduate positions, which require a degree. However, when it comes to skills and knowledge, I think you can acquire the same or even more without a degree too (not for certain jobs like doctor, lawyer, and etc.). Udemy, for example, teaches pretty much everything. I personally do not regret the time and money I spent on my degree but looking back, I do believe I could've learned everything from Udemy too :D
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@victor_pimentel So honest review â but you are right, practically, I learnt many things (that pay my bills) on YouTube :D
I vote for degrees and higher education!) It does not mean at all that having it will solve all your problems in life, but its definitely make you more adapted to the real problem on the first jobs. The mindset is different, curious, adaptable and eager to get the knowledge. If you ask me, has my cum laude ever helped me in real job search, the answer is "no" but I have never stopped learning till this very moment and have changed industries, companies without the feeling of being lost and imposter syndrome.
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@theonebroker Did you earn your university degree? What was the field?
I am also for university education (maybe degree), but I am not so sure whether it can bring success.
@busmark_w_nika I have a Bachelor's degree with honors in economics and marketing. A few years later I got my MBA. But what really helps after all these degrees is your ability to never stop learning, even if you change countries, companies, fields of work.
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@theonebroker Cool! I also studied economics but my more serious study was media and marketing :) We are in the same field!
@busmark_w_nika happy to stay connected!
A must topic that needs to be understood by masses that a degree may be helpful (if acquired by experienced and best faculty) but not essential for running a business as we all know that success depends on implementation (practical skills + experience + adaptability and most important networking).
Being graduated i have make my aim to become entrepreneur and then completed master degree in entrepreneurship has made me enough capable to perform research over what i have to achieve and it is what makes it more productive when i have to prepare for challenges even after making informed decisions than i have to face the conclusions what that decision hold. That's what life is all about.
Has a university education played any role in your job or business? = Yes, if it involves best faculty and experienced skill development is involved in the campus by already graduated ones and college placement details.
Do you think it is necessary to have a university to create a successful startup? = Yes, reason is only it gives a early learning in finance, marketing, management, and leadership but real-world business challenges differ from classroom scenarios.
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@ajay27324 Ajay, thank you for the contribution. My point of view is, that if people would graduate backwards (like first starting with business) and then earn university degree, they would be more successful at studying (because many times university students learn theoretical things and can't understand it without real-life experience that can be learned by practice).
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@ajay27324 but of course, educational systems differ.
Milestone Content Studio
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@siddharthpereiras CVs are questionable. But home assignment always shows the competencies :D
Hi @busmark_w_nika ,
Such an interesting topic, and I totally agree with your points. Iâve had the chance to experience both sides. Iâve completed a degree and a masterâs, and while they did open doors to a few business roles and some government positions, I quickly realized that these opportunities came with low salaries and very limited growth potential. Unless, of course, the person ahead of me had a sudden, mysterious disappearance! đ
On the flip side, building and running my own business has been an entirely different experience. Iâve learned more in the past few years than I ever could have from textbooks or formal studies. And, as you mentioned, Iâve met people who care way more about your attitude, experience, and vision than your education credentials. Itâs a refreshing change, and itâs been incredibly valuable.
Having had a foot in both worlds, I really do believe that entrepreneurship is what accelerates growthâboth personal and professional. It opens doors, challenges you in ways nothing else can, and teaches you lessons that no university course can offer.
So, to answer your questions: While a university education can provide some benefits like contacts and formal knowledge (which definitely has its place), I believe experience and mindset will take you much further in the startup world.
Love this topics about growth, society and education!
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@natalia_eiriz It is a paradox â you do not have to have a high education (Uni) â to land in a startup that pays you way more when the business is successful.
And then, you earn university degrees and land a job with a limited salary that is hard to live from. đ
What field did you study?
@busmark_w_nika totally right.
I studied Economics and Anthropology, and I donât regret it at all. It was fascinating and I really enjoyed it. However, I do agree that even though I have been able to get into very interesting jobs, the best opportunities havenât come from my studies or academic background.
What about you, @busmark_w_nika? What field did you study?
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@natalia_eiriz Did you study those two programmes simultaneously as a dual study? BTW, an interesting combination. I studied economics at high school as specialisation and now I am returning back in terms of interests :)
@busmark_w_nika Anthropology was my degree, and economics was my master's. I love to create projects focused on people's need, but I do believe they need to be economically sustainable as well. Unusual combination, that's right ;)
By the way, are you thinking about studying economics now at uni? What are your goals and why do you think that could be the way now?
I love the topic of this discussion, and thank you for your post where I can learn from others' experiences.
I generally believe "competence" outweighs degree. As you've mentioned, I think the real world cares more about the real value I can offer rather than good degrees.
But in my case in Healthcare sector, MD license (and degree) plays significant roles as "qualification" and "protection." The education not only provides professional domain knowledge, but also gives credential to the product and protection when faced with any problems, especially legal ones.
I think degree and license matters in some other sectors too (like law, pharm, etc.), but I find the degree and license are still just basis to start a business. To run a good one, competence of individuals and valuable products are what matter the most, just like not every doctor with valid license is a good doctor.
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@hyuntak_lee You're absolutely right. I wouldn't entrust my life to someone who hasn't studied medicine. However, I would also try to find the best possible doctor, which can be quite difficult.
@busmark_w_nika Now that's the point where you need to measure "competence" and "value of the service" :)
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This doesn't seem to be an easy task since in my country are many doctors hating their jobs and even performing it not very well. My possibilities are a kind of restricted (Thankfully, I do not have checkups with them frequently) :D
@busmark_w_nika Ah I see. It might actually be hard to find a gold one there. But meeting someone who love their job by heart in any field is hard, isn't it, let alone their performance.
I hope you stay healthy and keep those bad doctors away! :D
Graphify
I think it really depends, itâs hard to give a one-size-fits-all answer. If we're talking about entrepreneurship or building a startup, then no, you definitely donât need a degree. Same goes for fast-evolving fields like marketing or design â youâll often learn more by doing.
That said, I wouldnât underestimate university either. I once heard someone say, âUniversity isnât for learning, itâs for building connections,â and that stuck with me. Think of people like Mark Zuckerberg, who started Facebook at Harvard. Or even the PayPal mafia, many of those early relationships started in school or through university networks.
In the end, it depends on your goals. If you're using university as a safe space to start something on the side, or to meet like-minded people, it can be valuable. But if you're pouring tens of thousands into it just for a degree, itâs worth thinking twice, especially in today's world where credibility can be built in many ways.
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Probably true with that connection argument :) I found that way with one of my clients (thanks to the recommendation of my classmate).
Thanks for sharing thisâreally relatable! In China, the university system is still seen as a major stepping stone, especially for landing jobs at big domestic firms or government roles. Prestige matters a lot hereâpeople often chase â985â or â211â schools just for the resume boost.
That said, Iâve seen a growing shift, especially in tech and startup circles. Many successful founders never went to top schoolsâor even finished uni. What matters more now is hands-on experience, execution, and your network. Still, university can be a great safety net or launchpad if used strategicallyâlike starting a project while studying or meeting future co-founders.
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@onbing What is 985 and 211? How does it work? I only heard about the culture when you work 6 days per week. Sometimes 7 days.
@busmark_w_nika 211 prioritizes 100+ key national universities, while 985 (a subset of 211) focuses on 40 elite schools aiming for global excellence, akin to Ivy League vs. top public universities in the US, with top-tier reputation and resources.
And the probability of acceptance to these colleges is roughly 1% of their peers, which is a very small percentage
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@onbing I haven't heard about this concept. :) I learnt something new :)
I agree with your points. I've always though for most people university is waste of time. I guess though, it really depends. I never graduated from university but I did go for a few years. Didn't stop me from being able to write software in my underwear for over 14 years professionally. At the end of the day it's drive and consistency that win the race.
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@rageix I think that you haven't lost so much (without that university diploma). At the end of the day, people want only result you can bring, not how you got it :D
A degree matters primarily when you are dependent on someone else and face competition; however, it doesnât necessarily provide a significant advantage in terms of knowledge.
For employees, a degree serves as a signaling tool in situations where trust is lacking. For those without work experience, a degree from a reputed university helps them stand out from their peers.
The same applies to businesspeople. For instance, if you are raising money and investors have multiple options to choose from, a degree can enhance your credibility as a founder.
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@admiralrohan Interesting POV. Have you experienced that investors preferred someone just because of the degree? I would say that they are more likely to invest in teams that previously delivered money and good results in projects.
@busmark_w_nika No I don't have first hand experience, but I can think of this scenario only. For complicated machine learning related products founder's university creds can be useful if that is their first venture.
The main thing is trust. We have to demonstrate our value either through 3rd part creds or our past results.
Grimo
Willingness drives action. Resources enable execution. Timing determines success.
Everything elseâexpertise, knowledge, connectionsâthese are secondary.
You must commit. You must gather. You must move at the right moment.
No one else will make it happen. Take responsibility. Build your business.
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@stainlu It seems that AI got out of control. đ
Grimo
I have 2 degrees that don't directly help in business/projects.
Their main value:
Teaching me to never stop learning
Helping me find my wife and friends đ
My experience matches yours - international opportunities rarely care about degrees while local businesses do.
University provides foundation knowledge, but entrepreneurship needs different skills that come from real-world experience.
The best path depends on your goals and learning style.
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"Helping me find my wife and friends" â what did you study? :D sociology? Psychology? :D
But kinda strong argument here :D
I think there are two ways to look at pursuing a degree:
Getting a degree with no clear outcome in mind â in this case, the degree often becomes just a means to land a job. Once college is over, much of what was learned tends to fade away, and the actual impact of the education is minimal.
Pursuing a degree with intention and clarity â where you already have an idea of what you want to build or work on. This path is far more effective and fulfilling, though itâs still a relatively underrated (and often dismissed) approach.
In the end, itâs not the degree itself that defines your growth â itâs the mindset and purpose you bring to it.
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@kartmat I think that the first mindset leads bottom down because there are many people like that â having a university diploma just for a suck of fulfilling convention. They are less likely to land a job because someone more "hungry" and skilled can land the position even without the diploma.
Honestly, I think it really depends on the personâs attitude and their life circumstances. In Indonesia, Iâve seen plenty of successful entrepreneurs who never even went to universityâsome didnât even have the chance to get a proper education due to financial constraints. Yet, theyâve built thriving businesses and live better lives than many degree holders.
For some people, university isnât just about the diploma or formal knowledgeâitâs about personal growth. Itâs where they learn to mature, develop soft skills, and refine their mindset. But letâs be real: those who couldnât afford formal education but have the right drive? They often end up learning continuously, growing faster, and even outperforming graduates because theyâre hungrier for success.
For me, I think I was one of those who not only need to go to university for the education, but I need to learn to "grow up" there too. To see how cruel life can be for those who doesn't even put enough effort.
That said, in Indonesia, a lot of corporate jobs still rigidly require degrees and even impose age limits on applicants. It feels outdated, especially when skills and experience matter way more in todayâs world. So yeah, university can help, but itâs definitely not the only path to success.
What do you think @busmark_w_nika ?
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@rani_zagita Thank you for sharing your experience, Zagita.
To a huge extent, I agree with you â it is about how you are "hungry". University gives you more theory and more "ratio" but real life is not about lessons from textbooks.
Business life is dynamic and universities cannot reflect this fast-paced environment. Only real-life :)