With more college undergraduates today than ever before, every job seeker out there is looking for that competitive edge that will land him or her the career of their dreams. Asking oneself, “Is Graduate School Worth It?” is important in determining the next step in one’s life plan. Options range from the traditional residency to newer online programs that are carrying more than ever before. When weighing the different factors in choosing whether or not to go to graduate school, it’s important to consider factors such as cost, time commitment, field of study and overall learning experience.
It’s no secret that holding an advanced degree can dramatically increase one’s earning potential. According to the US Census Bureau, professional degree holders (doctors and lawyers, for example) earn over twice the income of the average American worker. From a long-term perspective, this makes graduate school seem worth it. But one must take a look at the costs involved with obtaining such a degree to see if it is financially viable. For example, the ultra-exclusive Harvard Law School will set an aspiring lawyer back over $48,000 per year. While a degree from Harvard Law carries prestige and opportunity for a lucrative paycheck, time spent in such a program is time not spent making money working. If an advanced degree is a serious goal, than not only is graduate school worth it, it’s absolutely necessary.