I can’t find a job! Should I go to grad school? | 05.21.10

Posted in Graduate Loans By Student Loan Network Staff

If you’re currently unemployed (or underemployed), you aren’t alone. Although the economy is beginning to recover from the recent global recession, many college graduates are still finding it very difficult to net a job. As it stands, the USA still hovers close to a 10% jobless rate. While this is improving slowly, it still does not change the level of competition in the marketplace.

If you are a recent graduate in this situation, odds are you have at least considered going to grad school to postpone your job search and deepen your skills. I graduated in 2009 and would like to share a few words of advice to help your decision-making process:

1) If you are a business major, an MBA program will be almost useless to you without full-time job experience.

Jarring I know, but it’s true. Fun fact: most admitted MBA students have an average of 3-4 years of work experience (MBAApplicant.com). If you want the best possible chance of getting into the school of your choice down the road while minimizing your debt, think twice about doing your MBA program right out of undergrad.

2) A part-time Masters degree can be a great compromise (and more affordable!)

Think about it. If you’re only taking one or two classes a semester, you can probably afford the classes more easily with less loan debt and even work full or part time alongside your classes. If you want some more information on full vs part-time programs, check out this blog.

3) If you’re concerned about paying back your loans, did you know that there are deferments available for being unemployed or making low income?

For more information, check out the Student Loan Network’s page on federal loan deferment.

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140 Responses to “I can’t find a job! Should I go to grad school?”

  1. Caitlin Bragg says on June 9, 2010 at 1:16 pm:

    Grad school is to expensive but benificial in the end!

    Reply To This Comment
  2. stephanie says on June 8, 2010 at 9:28 pm:

    agreed.

    Reply To This Comment
  3. guettly says on June 8, 2010 at 8:53 pm:

    I could def use this advice…

    Reply To This Comment
  4. Anjenette says on June 8, 2010 at 5:06 pm:

    Sad but unfortinitly true in our economy. Still, very good information and very helpful, lots of students should read this!

    Reply To This Comment
  5. Mary says on June 8, 2010 at 12:09 pm:

    Agreed.

    Reply To This Comment
  6. Aurea says on June 7, 2010 at 9:21 pm:

    I heard at certain school there are student work programs

    Reply To This Comment
  7. Vanessa says on June 7, 2010 at 8:12 pm:

    Experience has to do alot to make a good decision

    Reply To This Comment
  8. Erin says on June 7, 2010 at 1:34 pm:

    I agree.

    Reply To This Comment
  9. Nancy says on June 5, 2010 at 11:10 pm:

    i believe that you should go to grad school if its what you want..you can always work while you go and it will help you with hands on experience

    Reply To This Comment
  10. Austin Thompson says on June 3, 2010 at 10:59 pm:

    I'm not exactly sure where I'll end up so I just might use this information down the road. I may not. But is very useful information and I'm sure the ones it is applicable to are very grateful.

    Reply To This Comment
  11. MandyJ says on June 3, 2010 at 4:26 pm:

    Well, I think college graduates right now are in a pretty tough spot. Let's face it. In this economy, it'll be hard to find a job in any career. However, while searching for a job, make yourself productive and put yourself out there to network and make connections.

    Reply To This Comment
  12. Lizette says on June 3, 2010 at 2:21 pm:

    it will help a lot of students who are in that situation.

    Reply To This Comment
  13. David Om says on June 3, 2010 at 2:14 pm:

    agreeable, it helps.

    Reply To This Comment
  14. Diana says on June 3, 2010 at 12:10 am:

    That is interesting about the part time Masters degree program, it's a good idea because one can obtain useful field experience while furthering their education at the same time.

    Reply To This Comment
  15. Aaa says on June 2, 2010 at 11:46 pm:

    Agree!

    Reply To This Comment
  16. kirsten says on June 2, 2010 at 9:39 pm:

    totally agreed

    Reply To This Comment
  17. Rontay says on June 2, 2010 at 6:00 pm:

    good stuff thanks

    Reply To This Comment
  18. john jacques says on June 2, 2010 at 5:26 pm:

    that is a ggood second choice when it comes to your future

    Reply To This Comment
  19. tambi joy says on June 2, 2010 at 11:52 am:

    this article help us understand that getting a job is not easy as going to college or university . Sometimes we young generation should not give up in everything we do in life. Our number goal is to further our education and be source of or community

    Reply To This Comment
  20. Liz says on June 2, 2010 at 11:41 am:

    This was very useful

    Reply To This Comment
  21. Michael says on June 2, 2010 at 12:47 am:

    i agree, thank you

    Reply To This Comment
  22. Meghan says on June 1, 2010 at 11:45 pm:

    We all know education can be very powerful.

    Reply To This Comment
  23. marija says on June 1, 2010 at 3:25 pm:

    i definitely agree, great information.

    Reply To This Comment
  24. talll says on June 1, 2010 at 1:26 pm:

    agree

    Reply To This Comment
  25. cheyenne says on June 1, 2010 at 10:28 am:

    very interesting. i agree.

    Reply To This Comment

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