Comments on: Thinking about Going Back to School? 5 Things to Consider

By: OutlierModel

OutlierModel — Fri, 27 Sep 2013 20:44:16 +0000

When I went back, I definitely considered all those points. The deciding factors for me:
– my current job would pay most of the tuition
– it was a short, condensed degree program so it’d be more work but less time
– the income increase, even with the crappiest job in that field, would be 15k more than i had currently been making
Worked out well for me!

By: Tara Zee

Tara Zee — Thu, 26 Sep 2013 22:30:30 +0000

Unless you have the money to pay for the degree or you are accepted into a really prestigious school for a money making career, I don’t recommend going back to school. My brother got into Columbia Law School and did graduate with 6 figure loan debt, but also with a six figure job in tow. I have a friend who got into a bottom tier private law school and also graduated with six figure loan debt but he’s now working at a department store. It’s unfortunate that grad school is like this but in my opinion, if you can’t make it into a prestigious school in a prestigious career, don’t go back to school unless you can pay for it in cash or you get scholarships. Your future self will thank you for not saddling yourself with loan debt!

By: Erin My Alternate Life

Erin My Alternate Life — Thu, 26 Sep 2013 21:53:24 +0000

I made it about halfway through my MBA when I realized that it wasn’t for me. Not because I don’t want the degree but because it’s too expensive for something I don’t truly need. I have an accounting degree and while an MBA would be nice, it’s really not necessary for the jobs I’ve come across.

By: RFIndependence

RFIndependence — Wed, 25 Sep 2013 05:04:10 +0000

I would be unable to go back to school, too much discipline and unless it is a passion degree I don’t really see the point. There is a ton you can learn online. Making time for school is complicated but if you do it time will fly. If you have been thinking about your MBA for 2 years you would already be out of school by now.

By: DC @ Young Adult Money

DC @ Young Adult Money — Wed, 25 Sep 2013 03:58:26 +0000

In reply to MoneySma1. MoneySma1 They probably didn't sleep much! I can just picture them drinking gallons of coffee every morning...and night ;)

By: DC @ Young Adult Money

DC @ Young Adult Money — Wed, 25 Sep 2013 03:44:46 +0000

In reply to gettingarichlife. Charles@gettingarichlife That's a great point. For example, It's not a good idea to go to a full-time MBA program right after undergrad. You haven' t proven yourself in a work environment AND demand a higher salary than others.

By: DC @ Young Adult Money

DC @ Young Adult Money — Wed, 25 Sep 2013 03:43:26 +0000

In reply to JourneytoSaving. JourneytoSaving I have a friend who essentially tried to do a semester's worth of homework, tests, etc. in the span of a few days. Online classes aren't for everyone.