How much money is too much for a Graduate Degree?
- 5 months agoFavorite Answer
In some disciplines, having a graduate degree is a necessity for getting a “career” job. That does not mean you should dive right in immediately after completing your undergrad degree. Just make sure you have a good reason for going. Some of the reasons below are more valid than others, but they are all common reasons for which people attend grad schools.
1. Greater earning power. This is a popular reason why people go to grad school. However, it should not be the only reason, since getting a grad degree is a very serious commitment.
2. Advance your career. A grad degree can open up a wider array of career opportunities: in psychology, social work, healthcare, for example.
3. Career change. Many people are finding their current careers unrewarding. An advanced degree can help transition to another career—whether out of desire or necessity.
4. Enhance your education. Graduate schools can provide opportunities to explore theories you may have about a topic.
5. Get community recognition. If you explore your theories and discover something new, you will get recognition for it.
6. Get international recognition. Carry that recognition further. If your discovery is truly groundbreaking, you may receive international recognition, not to mention awards. Who knows? Maybe you have a Nobel prize within you.
7. Get research opportunities. Even if you do not get to explore your own theories, there are other opportunities to participate in funded research.
8. Upgrade your education. Your knowledge of your field is outdated and you find it difficult to keep up with advancements without following up and getting an advanced degree.
9. Enjoy travel opportunities. Some programs, such as archaeology, require studying abroad for research purposes. For those who like to travel, this is a bonus.
10. Find teaching opportunities. Not everyone is suited to teaching, but for those who are, getting a Ph.D. can lead to a tenured position at a university or college, with a nice salary, a teaching or research assistant to help with workload, consulting opportunities (partly shared with your department), and a nice pension upon retirement.
- Big MouthLv 65 months ago
If the dollar store ain't sellin 'em I ain't interested.
- 5 months ago
u have to prepare around 3000dollars budget
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- 5 months ago
Most degrees are worthless.
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- 5 months ago
4000/ year in India
- LiliLv 75 months ago
It basically depends on how much you can ultimately expect to make in the field. You don't want to be repaying large loans on a social worker's salary.
Moreover, I generally recommend that people hoping to earn a PhD not accept any offer of admission that doesn't include funding. PhDs take a long time to earn. You'd go into massive debt, unless you were independently wealthy, if you tried to finance a doctorate yourself. Most PhD candidates are supported by graduate fellowships, or teaching/research assistantships. I didn't have to take out any loans while I was earning my PhD.
- Sam SpayedLv 75 months ago
A graduate degree in what? Spending $50,000 for a Master of Library Science could be "too much" for a career that pays an average of $50,000 per year. But it would be very reasonable for an MD degree that pays an average of almost $300,000 per year.
- charlatanLv 75 months ago
1500 / year
- Anonymous5 months ago
Depends, you'll be in debt anyway
- KayleeLv 65 months ago
That depends on the person and what their spending limits are.