Is Graduate School Worth It? 6 Things To Consider Before Taking The Plunge

March 5, 2012  |  

I consider myself to be a student of life, however there comes a time when you realize that maybe going back to school may be the best thing for your career.  A great education is priceless but for our purposes, let’s discuss a few things you should look at when deciding to take the graduate school plunge.

Cost

This one is obvious.  How much will it cost you to return to school for the total time in school?  Will you take out loans or have you saved to cover all costs associated with returning to graduate school.  Make sure that you understand the real cost of graduate school.  Real costs: loans + interest, living expenses, books, tuition etc.  Don’t just look at the tuition and call it a day.

Relevance + Market Demand

When researching what to major in while in graduate school, look at the current market relevance as that will determine how much your chosen field is in demand.  For example, here in the DC Metro area, degrees in Nonprofit Management, Information Technology, Project Management and Psychology/Social Work are all in high demand.  Check the local job search engines and you’ll see plenty of positions in those fields in this area.  This is because the federal government operates here, so there are more than a few contracting corporations to fuel the job market for the previously mentioned fields.   Based on where you live or plan on living after graduation, ask yourself, – will that local economy support your chosen field?  Is your chosen field specific to a certain area of the country?  If you decide to move to another part of the country, will you find jobs there based on your chosen field?  These are all things to think about when deciding on graduate school.

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