This is exam isn't the only hurdle to getting a police job. It depends heavily on where you want to work. If you are willing to work in a big city like Los Angeles where they always need cops you likely will only have to pass this exam in order to qualify for the job. If you want to be a cop in a smaller town it is a much more competitive situation.
I live in a pretty small town. They will only hire cops that either have degrees or were reserves in this city for a number of years so they know a lot about the person and who they are. When an opening comes up they might get 100 applications for it and they will only interview a handful of those people.
It is true that cops with degrees have less issues. There was a study done in Florida a little while back that showed cops bachelor's degrees accounted for only 11% of all the public complaints. The problem is that most cops start out in the $20-$25 per hour range (in some cities less than that) so a lot of people who are going to go to college aren't interested in putting in 4 years to get a criminal justice or other similar degree to make $20 and hour and risk getting shot or sued. They might as well learn some other trade and make as much or more without any of the hassle.
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