You’ve probably heard it before: the higher the education you have, the more your salary delivers. When the economy takes a slump, students turn to the education industry as a means to evacuate their unemployment (or less-than-desirable income from their current job); a great thing for colleges that are struggling with the economy themselves and need the student body. It’s a win-win situation, right? And what with everyone walking around with a Bachelor’s Degree these days, the Master’s Degree is the next on the academic food chain. Master’s Degree enrollment rates are higher than ever.
But not all degrees pay out their investment. A Master of Arts in Literature, for example, isn’t going to glean much benefit unless the graduate is the next best-selling novelist; better off that a B.A. in English pursue a Master’s Degree in education. M.A.’s in the social sciences generally don’t do well either, at least not as well as the C.S.W. or, better yet, the M.B.A. When students pursue a Master’s Degree program, it should be perceived as more than the educational evacuation port from the bad economy.
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