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OTHER ITA SITES:
Graduate School: Should You Go?
First, there is a little more money. Lifetime earnings average $234,000 more than an individual with just a bachelor�s degree. But if you got a doctorate, then increase the amount by $504,000 above the master�s level. Doctoral education along with the apprenticeship work can take 10 years or longer. And the 10 years are some of the most grueling work you�ll ever do. So let�s focus on just the graduate degree. Whew.
Another reason for obtaining a graduate degree is to make yourself more valuable to your employer. They aren�t going to can the guy with the MBA. In this age of layoffs and cutbacks, you need a competitive advantage over your coworker. Everyone is replaceable. If you think you aren�t, better think twice. Just make it harder on your employer to find another employee with a graduate degree at your salary. See what I mean?
Getting your graduate degree usually entails being motivated by some other source. I started my graduate program when I decided to leave my current job. I wanted that advantage over the next applicant when I found the job I was looking for. The people in my class were of the same caliber. Some were just getting the degree �while they were still in school mode�. Most of the others were like me, going back the 2nd time for actual learning and motivation to find something better than our current jobs.
But you don�t need an MBA to get a job � right? True, but it does make it a lot easier finding and holding a job you like and getting compensated for your education. I took a career path after college for several years. After a while, I realized I had time before retirement for another full and complete career of something totally different. Nobody says you have to work at the same place for 35 years. I know a lot of folks who do.
The main thing is � you�ve got time to decide where you want to go and what you want to be. Me? I quit that dead end job. I enjoyed my MBA classes so much I want to be a college instructor. Don�t think I can handle the doctoral program yet, but in time. . .maybe. What are your interests? Find them. Set goals. You can do it.
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