Is Grad School Worth It?

You see friends going back to graduate school.Will felt that education would give him a slight
Your mother clips newspaper mentions of gradboost at work and because it would give him a
programs and slyly mails them to you withfoundation to make a change in career field easier
"thinking of you" post-its attached. You see a jobif he ever wanted to make one. So his solution
posting for the position of your dreams, thenwas to keep working while enrolling in a
notice the "master's degree required." In short,distance-learning MBA program. Even though it's
there are a lot of reasons you're thinking aboutthe "have-it-all" answer, it hasn't been without
going back to school.sacrifices. He's busier than ever, with weekends
In 2004, there were over 2 million studentsand evenings now packed with schoolwork. For
enrolled in U.S. graduate schools, and it may seemhim, though, it's worth it. "My wife and I don't
clear to everyone around you (thathave kids yet," he explains, "so this is the best
newspaper-clipping mother of yours, for instance)time for us to work really hard."
that you should be among them. Credentials arePart-time or distance learning graduate degree
great, but you've probably also heard the horrorprograms are becoming more and more popular.
stories of the "over-qualified candidate." And whileIn 1990 only about a third of graduate students
Mr. Over-qualified may be an urban legend, thewere enrolled part-time, but today roughly half of
tradeoffs involved in either leaving the workforcethem are. For students like Will, doubling up works
or continuing to work while earning a degree arefine, but for others it can be a real burden. With
significant. Financially, professionally, and personally,more graduate school options than ever, there's
is graduate school really worth it?plenty of flexibility to be had, but you'll have to
Graduate School to Launch Your Careertake a close look at your personal life and the
For Chris, 30, the answer to the "was it worth it"changes that you'll need to make.
question is a definite yes. He went straight fromGraduate School as Reinvention
college into a Masters of Teaching (MAT)Karin, 28, also enrolled in a post-collegiate program
program. "My undergraduate drama degree wasn'twhile working full-time, but for her, the program
landing me any jobs," he says, "and I wasn'twas all about reinvention. She already had an MBA
passionate enough about acting to [endure] theand was working at a job she liked well enough,
waiter/actor life for long." A year and a master'sbut she couldn't stop thinking "that if I really loved
degree later, he started teaching. His degree gavewhat I was doing, life would be different." So she
him the teaching license he needed, but because itfinally enrolled in a massage therapy program. She
was a graduate degree, it also meant his salarytook weekend and evening courses, and now that
was several thousand dollars higher than othershe has the experience and education she needs
beginning teachers who only held bachelor'sto be a practicing massage therapist, she's said
degrees. What's more, each year thereafter hisgoodbye to technology management and hello to
salary increased at a higher rate than theirs, buther own massage therapy business. "Now I'm
the real clincher was that he got to be a dramadoing what I really want to be doing and building
teacher.my own business, and I'm so excited about it,"
For many people like Chris, a graduate degree is ashe says. Unlike her old job, she explains, "Here
means of launching a career. Academics present apeople come happy and leave happy. It's as much
classic argument for a post-graduate degree as atherapy for me as it is for my clients."
PhD is essential. This also holds true for doctorsIf you're looking to change over to another
and lawyers. However, if you're already working infield--and you're not alone in the modern
your field of choice and are simply looking to getworkforce where mid-career career change is
ahead, the question of graduate school maycommonplace--a graduate degree or certificate or
become more complicated.even coursework in a new area can do the trick.
Graduate School as a Career BoosterEven with all the upsides of post-collegiate
Will, 29, works in hotel management and decidededucation, the answer to "is it worth it?" is still
the time off in going to graduate school wasn'tcomplicated. Take a close look at your profession,
worth it. "I'd get a bump in pay and position if Ithe flexibility of various programs, and your
got an MBA, but in my industry, just workingpersonal and financial situation because when all is
those two years would get me more in terms ofsaid and done, the only real question is "is it worth
promotions, experience, and salary." However, heit for me?" Now quickly, clip this article and send it
decided he wanted the extra education anyway.to your mother.