If you are a college senior graduating this year, you have about 1 quarter left before you will be let out into the real world. It is a scary time for many who have virtually spent their whole lives in school up to this point. The protection of the academic environment will be gone and you will be expected to get a job and produce.
GRADUATES GET A JOB OR GO TO GRADUATE SCHOOL?
Unlike high school and college where you just signed up for the classes you wanted to take (maybe you had to earn your way into some of them), the real world is much different. It is cutthroat out there and you are soon going to be thrown right into the mix.
The High Unemployment Issue
Most college students who will soon be graduating should be well aware of the national unemployment rate of 8.9%. What are their chances of getting a job with the limited work history they have? What kind of job will they realistically be able to get and what will it pay?
These questions are prompting many students to consider graduate school instead. They figure they can put off the pain of looking for,and maybe not getting, a job a bit longer. With more education under their belt they should be more employable in a year or two when they look for a job and the economy might be doing better then as well. But is this really a good choice, especially if you are doing it just to avoid the job crunch right now?
Graduate School Is Not Always An Asset
First of all, the more educated you are may NOT necessarily help you in your search for a job now or at any time. If all you have ever done is go to school, many employers may prefer to hire job candidates that have real world and real job experience. Just because you have proven you can be a student does NOT prove you can be a good employee.
Then there is the cost issue: piling on more years of student loans and increasing your debt will just mean that it will take that much longer to dig out from under it. Remember, those student loans are not going to go away and it really sucks (excuse me) to have to pay those things back when you are well into your 30′s or even 40′s.
Graduate school can be beneficial if you have a plan and know that it can ultimately help you get a job or get a higher salary. But now days many people get jobs first and go to graduate school later on. After they have some of that valuable job experience on their resume and a clear idea of what career path they want to pursue, they then go to grad school to increase their chances.
Employers Always Like Experience
The most important thing to think about is the fact that employers ALWAYS like your experience. The more you have of it the better. Going to grad school right after you graduate college will, in most cases, limit the amount of real world job experience you will be able to get. Being overeducated is not good either and may actually sometimes hurt your chances of being hired.
Finding jobs for college graduates in 2017 is not going to be easy or fun, that is for sure. You probably won’t get your dream job or the job you really want but going to graduate school might not be the best choice either. It might actually end up hurting you by putting you more in debt without having gained any real advantage. So think about it carefully: either way it’s a tough decision.