What’s More Important: Experience, Education, or Network?

January 8, 2019

Career Advice

Ask ten different people this question and you’ll likely get ten different answers. That’s because education, experience, and your network are all valuable assets to everyone’s career success. But are they weighted equally? That’s what’s up for debate.

According to the 70-20-10 model, which was created in the 1980s by three researchers, the “optimal sources of learning” can be broken down as such: 70% from your work experiences, 20% from your “interactions with others”, and 10% from your formal education. So day-to-day hands-on learning by far is the best way to improve your skills and therefore up your career potential.

But don’t dismiss interacting with others. That includes anything from networking to career mentors to insight from coworkers. We can always learn a lot from others. Anyone who’s looking to grow in their careers and progress in their field should be dedicating time to this pursuit.

When it comes to professional development, just 10 percent should be coming from formal training and education. It turns out we just tend to retain information better from hands-on learning on the job. It makes sense because we tend to get feedback–both good and bad–which means we can learn even more and drastically improve our skills. Not bad!

How do you think these three variables have affected your career success? Comment below!

Image via Sharon McCutcheon/Unsplash.

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About Spectrum Brands Careers

Spectrum Brands is a global $5 Billion Consumer Products company headquartered in Middleton, Wisconsin. While you may not be familiar with the Spectrum Brands name, there is no doubt you will recognize some of our brands.

View all posts by Spectrum Brands Careers

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