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Another plea for ppl to attend graduate school


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2014 May 11, 10:39am   6,815 views  55 comments

by Rin   ➕follow (11)   💰tip   ignore  

Here we go again ...

http://finance.yahoo.com/news/advanced-degrees-worth-debt-191149796.html

Excerpt:

More education typically leads to better job prospects and bigger paychecks. And we're not just talking about doctors and lawyers. While the average high school grad 25 years and older can expect to earn just $29,766 a year, median annual earnings climb to $50,281 for someone with a bachelor's degree and to $73,100 for advanced-degree holders.

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47   Rin   2014 May 13, 5:50am  

Strategist says

The love of money

For me, love of freedom, and freedom is begotten by money.

48   Rin   2014 May 13, 5:53am  

thunderlips11 says

Is that within a few years of graduation, or is the Bachelor's plus 20 years experience at age 40-ish?

If so $50k median sucks balls for a 4-year degree + 20 yrs experience.

To be dubbed *white collar*, it means bachelors degree.

Thus today, many 20 year experienced folks have gotten a BA part-time, to fulfill HR requirements, so that they could change jobs. So you'll see former mail-room attendants, with a newly minted BA in English, so that they can segue into running the receptionist desk in the same building.

51   Rin   2014 May 14, 3:22am  

Last night, I'd heard from someone, whose wife was offered an adjunct teaching job at a college. Guess her salary?

She was asked if she could volunteer for the work.

Ok, so for a chance to get an additional line item on the old resume, she had to get a 2nd job, to bring home some bacon.

52   corntrollio   2014 May 14, 3:36am  

Rin says

Last night, I'd heard from someone, whose wife was offered an adjunct teaching job at a college. Guess her salary?

She was asked if she could volunteer for the work.

That's not uncommon for prestige adjunct positions. There affluent people in places like NY who are basically willing to pay the university to be an adjunct.

53   Rin   2014 May 14, 3:40am  

corntrollio says

That's not uncommon for prestige adjunct positions. There affluent people in places like NY who are basically willing to pay the university to be an adjunct.

Yes, I'm aware of that, and I once knew a Yale adjunct, whose full time job was at a computer consulting firm in CT.

But of course, it begs the question ... aside from PatNet, why are ppl still buying into a STEM shortage myth & talking about getting more education?

54   Rin   2014 May 15, 6:32am  

Basically, a decent article in that it keys in on grad school being a source of ballooning debt.

http://www.marketwatch.com/story/is-grad-school-to-blame-for-student-loan-crisis-2014-03-25

however, this is where I depart ...

Excerpt: "So what can students do to determine whether a grad program is worth the cost? First, they should understand the median pay and likely job prospects for their major. In general, engineering and technology master’s degrees pay better (a median of $110,000) than do arts and sciences degrees, with degrees in electrical engineering, finance, chemical engineering, economics, physics, computer science, mechanical engineering and civil engineering among the top paying. Some of the worst paying degrees include counseling, social work, music, library and information science and education"

And once again, I say No! No! No! If you're working in tech, do a master's part-time, partially funded by your employer. And then, attempt to apply that MS work to your actual job, so that your work experience is reflected in the MS level topics.

The key here is that you're always targeting your parachute. Sure, have some academic training but have more related work experience, validating that schoolwork.

55   Strategist   2014 May 15, 10:26am  

zzyzzx says

LOL. They not only want a bachelors degree, but also 1 or 2 years experience.
A recent college graduate need not apply.

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