Is Grad School Worth It?
Illustration by Allie Runnion for Just Us Gals
Many of us came out of our undergraduate programs with our eyes fixed on grad school. But with tuition prices rising and more obligations than ever, you might find yourself asking if it is really worth it for you.
Here are three things to consider if you’re contemplating earning a master’s degree.
Cost
Much like purchasing a new car or home, committing to earning your master’s degree is an investment. Most graduate programs typically cost somewhere between $10,000 and $40,000. Cost depends on the program and institution you choose, as well as whether or not you plan to use financial aid. If your employer offers tuition reimbursement, this might be a great incentive to apply.
Time
Money isn’t the only thing you’ll be investing if you choose to go back to school. Graduate programs, like an MBA or Master of Science degree, are commitments that require proper time and planning to stay on track. You’ll likely have to consider the best option for you given your availability and obligations. In addition to studying on-campus, there are a variety of online graduate degree programs to choose from. No matter what, you’ll need to carve out at least 10 hours a week (more if you’re taking extra credits) to get your work done.
Longevity
At the end of the day, the most important factor to consider is longevity:
Why do you want your master’s degree?
What will it do for you in the long run?
If earning an MBA will guarantee you a pay raise and a promotion, then you should strongly consider it. But if you are just looking for some skill updates or to learn something new, there are many online training platforms, like HubSpot Academy or LinkedIn Learning, that offer cheaper or sometimes-free courses and certifications.
When it comes to earning a graduate degree, you have to consider all of your options and do what is best for you! Don’t ever compare your situation to someone else’s, because you are most certainly in a different boat as them. At the end of the day, it’s all about your journey and how you can be your best self. Share your decision factors with us on Instagram or twitter!
Have more career questions?
Annie Shalvey is a communications professional living and working in Rhode Island. She enjoys writing about career and professional development for JUGS and spends most of her free time thrift shopping. Follow her on Instagram @Annie.Shalvey
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