Firms that dropped degree requirements are hiring college grads

Researchers found that just one in 700 workers hired last year benefited from a recent shift away from mandatory degree requirements. — Bloomberg

NEW YORK: Bank 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 labour-focused nonprofit.