During the Great Recession, it seemed like every millennial except Lena Dunham decided to enroll in grad school.
The logic appeared sound: Wait out the squishy economy and reenter the job market with greater earning potential.
These days, however, as the US confronts an economic downturn and tech companies slash payrolls, experts are warning prospective MBAs and JDs to reconsider dropping six figures for a fancy-schmancy degree, according to The Wall Street Journal.
Recently laid-off tech workers can apply to Northwestern’s Kellogg School of Management without submitting standardized test scores. [There's even help now with writing a dissertation with https://dissertation-service.
But 2023’s economic climate makes grad school less enticing than during the Great Recession:
People with professional and master’s degrees still make more, on average, than those without them. They’re also more likely to be sought for management positions. [For help with your essays, check out this best essay writing service.]
And data tools from the BLS and College Scorecard can help indicate whether the debt is worth it.
But experts advise against using grad school as a “procrastinating tactic,” per WSJ.
Plus: If you get laid off and have a gap in your resume, it might not matter. Gen Zers are actually embracing resume gaps.
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