Why you should decide now whether to go to graduate school? Or not

sQuashie

October 20, 2015 9:09 AM

To help you figure out which graduate school to attend, help students make better choices about their education and ultimately why to even attend graduate school, Pulse.com.gh brings you the things to consider first.

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Graduate school shouldn't pricey. But with the influx of many into the Ghanaian education scene, some have raised their tuition fees above par to be very pricey, that it almost scares everyone from venturing into furthering their education.

However, with the data coming from schools on how their students perform financially after graduating, it can be nearly impossible to figure out whether taking thousands of cedis in loans or eviscerating your savings account will actually pay off.

To help you figure out which graduate school to attend, help students make better choices about their education and ultimately why to even attend graduate school, Pulse.com.gh brings you the things to consider first.

Yes, graduate school degrees tend to boost a student’s lifetime earnings, in relation to their undergraduate field of study and a graduate degree is mostly likely to lead to a bump in median lifetime earnings compared to having just a bachelor’s degree. But one must assess the values and put a price on it before venturing into grad school.

What should be constantly kept in mind us that some graduate degrees pay off more than others—and the size of a pay bump greatly depends on the undergraduate major. For instance, getting an MBA boosts median lifetime earnings for all majors. But the earnings bump can range from 34% for undergraduate nursing students to 89% for humanities undergrads.

For undergraduate majors in computer science, engineering, or math, lifetime earnings don’t get that much of a boost from going to graduate school to pursue a similar line of study.

And for students who ultimately want to be a doctor or dentist, it doesn’t matter whether they study French literature or business during their undergraduate studies (as long as they take the courses required to get into grad school).

Lifetime earnings are pretty consistent for doctors and dentists regardless of what they got their bachelor’s degree in. All those years of schooling pay off in the form of higher lifetime earnings.

It’s an entirely different, case, however, for lawyers and business school grads, where degrees can significantly boost the earnings for a fine arts or humanities major, but has a lesser effect on business, engineering, and math majors.

Read the testimony of one student of Wisconsin International University College here .

Wisconsin International University College Ghana offers a well-rounded package for graduate studies. Find out more here > http://www.wiuc-ghana.edu.gh/postgraduate-programmes

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sQuashie