For Bill Zandi, the son of Moody’s Analytics Chief Economist Mark Zandi, enrolling as a student at a prestigious private institution like Wake Forest University was less surprising than the student’s choice of major: philosophy.
“Originally I was going to follow in my dad’s footsteps, but I’ve always been more interested in philosophical ideals,” the younger Zandi said.
With the cost of higher education soaring, from Ivy League schools to community colleges, an increasingly loud chorus of voices is questioning whether the results justify the cost, and whether the traditional liberal arts education, with its ideal of shaping well-rounded lives, is outmoded in the contemporary world of high-tech work.