Rather than burdening students with thousands of dollars in debt before they even begin struggling to find a job in this turbulent economy, the folks behind Enstitute are urging kids to skip college and jump into a startup.
With the help of thirty tech entrepreneurs in New York City, Enstitute offers a two-year program that teaches participants real-world skills by placing them at startups.
In the program’s first year, fifteen selected individuals will work largely in basic administrative roles learning the ropes from top-level executives. After a year, participants will then move into specific business areas where they will learn concrete abilities that will hopefully make them more marketable to future employers.
Co-founders Kane Sarhan and Shaila Ittycheria were inspired to start Enstitute out of their realization that they learned their most valuable lessons outside of academics.
“It wasn’t about the classroom, it was about the experience I got working for a company … I saw so many friends and classmates who were graduating with no jobs and no skills that would get them jobs,” Ittycheria said in an interview with Mashable,
Before you rush off and skip college, be aware that statistics still heavily favor those with college degrees in terms of salary-making potential in the future.
To learn more about Enstittue, head over to their website where they are currently taking applications for their first class.