'The focus should be on getting jobs:' JPMorgan CEO Jamie Dimon says colleges should be measured by whether students get well-paid jobs when they graduate

JPMorgan Chase CEO Jamie Dimon thinks universities should be ranked by how many good-paying jobs their students get after they graduate.

'Too much focus in education has been on graduating college,' the Wall Street told WISH-TV. 'It should be on jobs. I think the schools should be measured on, did the kids get out and get a good job?'

Dimon, 67, went on to note that teenagers can get well-paying jobs without a college education by embarking on trades that do not require a university diploma.

'You could have a bank teller and make $40,000-a-year as a 17-year-old,' the Harvard graduate added. 'And if you happen to have a family at 18 or whatever, you get $20,000 in medical benefit for your family.

'You can be a welder, you can be a coder, you could be cyber, you could be automotive—all of those jobs are $40,000 to $60,000, $70,000 a year.'

JPMorgan Chase CEO Jamie Dimon thinks universities should be ranked by how many good-paying jobs their students get after they graduate

Universities are currently ranked using a mix of factors including graduation rates, alumni success, excellence in research and selective admissions.

Dimon recently warned Americans to prepare for a return to the 1970s - an era marked by rampant inflation, high unemployment and a series of energy crises in the US.

The CEO said rising prices, stagnant growth and huge government spending were among the factors linking the 2020s to the 1970s as he echoed comments made by other economists.

The outspoken executive - who is often seen as a cautionary voice on Wall Street - also said expected interest rate cuts this year were not guaranteed and that a recession could still occur. 

His comments come after a handful of gloomy firms including Wells Fargo said a recession could take place in 2024 - despite similar predictions being proven wrong in 2023. Last year saw strong GDP growth and a surprising stock market rally.

When asked by Fox Business Network's Maria Bartiromo whether households could expect interest rates to decrease three times this year, he said: 'I'm a skeptic. I think because of fiscal spending and other factors.

'I look at a lot of things - forget about economic models - $2 trillion of fiscal deficit, the infrastructure and IRA act, the green economy, the remilitarization of the world, the restructuring of trade, are all inflationary.

Dimon, 67, went on to note that teenagers can get well-paying jobs without a college education, and that those trades should also be considered

Dimon has served as CEO of JPMorgan Chase since 2006

'That looks a little more like the 1970s to me.'

His comments are in-line with predictions made by Deutsche Bank. Back in October, the German firm said rising geopolitical tensions and soaring energy prices had created a 'striking number of parallels' between the 1970s and 2020s.

The comparisons are mostly rooted in red-hot inflation which fell to an annual rate of 3.1 percent in November, down from a high of 9.1 percent in June 2022.

This year Dimon also issued a warning to his fellow Democrats, claiming any negative talk about MAGA supporters could hurt President Biden's re-election campaign.

The frequent Democrat donor said  that people are voting for Trump because he was right about the economy, immigration and China.

The JPMorgan boss has donated to the campaigns of several Democrats in the past, according to Federal Election Commission records. He donated $2,900 to Kyrsten Sinema in 2022, $3,300 to Jon Tester in 2023 and $3,300 to Katherine Clark in 2023. 

'When people say MAGA, they’re actually looking at people voting for Trump and they think they’re voting -- and they’re basically scapegoating them, that you are like him, but I don’t think they’re voting for Trump because of his family values.

'If you look at, just take a step back, be honest. He’s [Trump] kind of right about NATO. Kind of right about immigration. He grew the economy quite well. Tax reform worked. He was right about some with China,' said Dimon.

'I don’t like how he said things about Mexico, I don’t like -- but he wasn’t wrong about some of these critical issues. And that’s why they’re voting for him. And I think people should be a little more respectful of our fellow citizens'

Dimon said, 'I wish the Democrats would think a little more carefully when they talk about MAGA.'