‘Is university still worth it?’ is the wrong question
Financial Times
February 20, 2026
AI-Generated Deep Dive Summary
The article challenges the common question of whether university remains worth it by arguing that this inquiry often overlooks the broader value higher education provides beyond immediate financial returns. While the graduate earnings premium is frequently cited as evidence of a university's worth, it fails to capture the full picture. This metric primarily compares graduates' salaries to those without degrees but neglects factors like varying course quality, student backgrounds, and labor market dynamics. The article emphasizes that universities offer intangible benefits such as social networks, lifelong learning opportunities, and career flexibility, which are crucial yet harder to quantify.
The graduate earnings premium also doesn’t account for how industries increasingly favor degree-holding candidates, even if their skills may not align perfectly with job requirements. This trend has created a demand for degrees that reflects broader societal shifts rather than purely economic logic. Furthermore, universities play a role in fostering innovation and research, contributing to long-term economic growth beyond individual career trajectories.
The article highlights how questioning the value of university is often a narrow perspective. In today’s rapidly evolving job market, adaptability and continuous learning are essential, and universities provide these through their networks and resources. While financial returns matter, they represent just one aspect of higher education's broader impact on individuals and economies.
For businesses and policymakers, understanding this nuance is critical. Higher education contributes to innovation, leadership development, and economic resilience—factors that drive long-term success in the workforce and beyond. By recognizing these intangible benefits, decision-makers can create more informed policies and investments that support both individuals and the broader economy.
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Originally published on Financial Times on 2/20/2026