Should I go to graduate school right now or get a few years of experience under my belt?

Prepwise AnswersCategory: Finance CareersShould I go to graduate school right now or get a few years of experience under my belt?
Greston Wise Staff asked 9 years ago
1 Answers
Greston Wise Staff answered 9 years ago

A graduate degree really is an investment, one that could further your knowledge in your field and possibly boost your earning potential. But, as with other types of investments, there are also risks involved. With the steep and rising costs of higher education, an advanced degree won’t make financial sense for everyone.

How useful a graduate degree will be for you will depend on your chosen field, the school you might attend and the cost of going there, how much more you’ll earn after graduating, and timing. Here are the main questions you should consider for making your decision. For some occupations, going to grad school is a no-brainer, since an advanced degree is required for those jobs. These include careers in social services, higher education administration, law, and medicine. (For those types of occupations, the more important question isn’t whether or not you should go to grad school, but whether this chosen career is truly the one for you and whether you’ll stick with it, so you don’t end up with career regret and possibly thousands in student debt.)