Is Grad School In Your Future? Answer These Questions First

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I have not gone to graduate school.

Sure, I have taken a class here and there and workshops galore, but I do not have an advanced degree. A lot of people to whom I talk about my business and my career ask what kind of advanced degree I have. In fact, quite a few people presume that I must have one. But I do not. 

The rules have changed over the last ten years about the significance of graduate school degrees. I started hearing more buzz about it all the way back in the 2012-ish era. I grant that many careers required graduate school, rightfully so, such as those in medicine, law, and mental health care. My opinion as the individual I am with my own set of circumstances and goals is that I do not need graduate school. That is my situation, though. I work with a lot of people who are changing careers or entering careers and graduate school is often on the menu as a side option in conjunction with or even in place of the main job.

I also know a lot of people who have unfortunately attended graduate school because they did not get a certain job they wanted or with the sole purpose of avoiding the workforce altogether.

That is so much money and time put to something that may or may not have any return on the investment or career relevance.

My standpoint is not an emotional one. I will not emphatically proclaim that graduate school is pointless and nobody needs it. Instead, my standpoint has always been practical. As a case of need. As a logical means to an end. I have not needed graduate school thus far as a factor of what my career interests dictated. I have applied a couple of times to two different kinds of programs and thought about applying a couple of other times, but no matter what it was not about to make or break my career direction.

Several years ago, I was talking with my parents about the job I had at the time and one of them made a comment about "not waiting too long because you'll have to apply to grad school sometime soon". I had expressed interest in graduate school before, but I was alarmed by the urgency. Like it had to happen. That was before I started my business.

I am currently in Las Vegas for a Business Mastery program in which I will spend twelve hours a day for five days immersed in trainings for the sake of my personal evolution and entrepreneurship. Call it a doctorate in business administration.

A business coach friend of mine casually trained me in his company's model of supporting clients' career exploration one afternoon. Call it a masters degree in career coaching. 

He said it best when he stated "BOOM, you are certified."

Professional experience and specific trainings have been my graduate school thus far but, again, I am not opposed to the idea. There is a full masters program in which I am interested that would bolster my current skillset, but I do not feel the urgency of need quite yet.

Let us think practically. In addition to his own experience and personal opinions about graduate degrees, the author of a 2016 article bluntly titled "Millennials, Don't Waste Your Money On Graduate School" poses four questions to anyone considering graduate school in their professional timeline:

  1. Why do you want to go to grad school? --- plain and simple. Necessary for a job? Because you are bored? Because you are hungry to learn? Because you want to avoid a job?
  2. Will grad school actually help you achieve that goal? ---  the goal is not enough. How perfect is the program for that goal? What criteria need to be met for your goal to be fully satisfied?
  3. Are there alternative ways to achieve that goal? --- certifications? Seminars? E-books? Online courses?
  4. Can you afford it? --- seems obvious, but a lot of people do not stop and answer this by writing down their finances and budget and forecast them over the next two, three, or six years. What would you need to do to pay for it?

Many people only need to focus on one of those questions to determine whether graduate school is a proper and practical choice. Often it is the financial question, but I encourage people to always start with the Why (shocking, since that is what my whole blog is about). I know my Why is to augment my skillsets and add value to my clients, so my practical evaluation is about when and how to pay for it.

Either you or someone you know is considering graduate school. Encourage them to answer these questions for themselves. Make a game out of it and quiz each other. Just make sure it satisfies your true genuine outcome.