Google+
Close

Phi Beta Cons

The Right take on higher education.

Who Should Go to Graduate School?



Text  



Blind faith in the power of a degree that starts with an “M” in has its consequences. In the San Francisco ChronicleErin Joyce refutes some of the common reasons why people seek graduate degrees, such as:

  • Not getting your dream job
  • Not sure of the next step
  • Blindly applied and got in
  • Friends are going

When I ask a group of business students to raise their hands if they are planning to go to graduate school, at least half usually will. When I follow that question with, “How long should you wait before applying?” the common answer is two years. 

Many well-intentioned students forget their Economics 101 lessons on opportunity costs. How much work experience is forgone while seeking that coveted master’s degree? 

Being over-educated and inexperienced is rough, especially in a down job market. Such individuals think that they are worth a higher salary than they will command, and their master’s degree can create an artificial floor on how low on the organization chart they are willing to start their career.



Text  


Subscribe to National Review