Is graduate school worth it if you have the money?

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  • Is graduate school worth it if you have the money?


Answer #1 | 20/12 2013 06:40
Not necessarily. It all depends on what field you are working in and the requirements of the position. In some cases a graduate degree will be a benefit in others it won't really help or may even be a negative. As an example, Chemists with graduate degrees have many more opportunities for advancement than those that do not. For teachers, the opportunities may not be much different but the starting pay will be. However, if you wanted to be a mechanical engineer working for a design firm then a graduate degree probably won't help very much. In some fields, PhD graduates are typically looking to work in academia and will be considered over-qualified for positions in business. All that being said, I would strongly recommend that you first decide what they want to do or at least have a decent idea before heading off to graduate school. It's a complete waste of time and money to get a graduate degree only to find that you have no interest in working in that field. Once you have that you'll need to look at the opportunities and typical educational requirements for that field.

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