Should Grad School Be Your Plan B?
By Liz Seasholtz
If you’ve recently been laid off or are fresh out of college, you might think now is the perfect time to enroll in grad school in hopes you’ll avoid job hunting in a dismal economy. Think again.
Using grad school as a shelter from the job market is probably not in your best interest. Making the decision to enroll based on your long-term career goals is. In fact, it may be more valuable to consider where you’d like your career to lead, get relevant work experience, and avoid the elevated competition of grad school admissions.
Before you sink money into the GMAT and stick stamps on your grad apps, take some time to reflect on your career path.
Factor Out the RecessionKeep the thought of grad school and the recession independent. Make sure the timing of your enrollment fits with your professional and personal life—and isn’t just a convenient alternative to being unemployed. “Students should think about whether the timing is right, rather than say, ‘The economy is struggling, let me go back to school and protect myself.’” says Brad Rosenwinkel, associate director of admissions at Indiana University’s Kelley School of Business. “We are looking for a student who wants to do it for more than external factors.”
Look Before You LeapIn any economy, you need to make sure you’re investing in the right degree.
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