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 Five Graduate Degrees That Don't Pay Off

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Five Graduate Degrees That Don't Pay Off Vide
PostSubject: Five Graduate Degrees That Don't Pay Off   Five Graduate Degrees That Don't Pay Off Icon_minitimeTue Jun 19, 2012 7:47 pm
Five Graduate Degrees That Don't Pay Off

Five Graduate Degrees That Don't Pay Off Diplomacollege



In today's tough job market, many recent college graduates are enrolling in graduate programs to enhance their credentials and gain an edge with hiring managers. In some cases, the tactic may lead to lucrative job opportunities. A recent report from Georgetown University's Center on Education and the Workforce found that a graduate degree can boost an individual's earning power by more than 40% in some fields -- but the true value can vary wildly from industry to industry.

In disciplines such as medicine, for instance, an advanced degree can provide a 190% salary increase over a pre-med-focused bachelor's degree, according to the Georgetown study. For other programs, the return on investment isn't as certain: In some cases, available job opportunities are scarce or low-paying, or employers may value relevant work experience more than another diploma.

Particularly if you're planning to take out loans to attend graduate school, it pays to know what your realistic job prospects are, says Liz Pulliam Weston, a personal finance author and columnist for MSN Money. "A lot of schools will take your money and get you trained for jobs that don't exist," she cautions. "Take a buyer-beware attitude."

http://www.foxbusiness.com/personal-finance/2012/06/14/five-graduate-degrees-that-dont-pay-off/
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