Their hope: earning an advanced degree, and investing time and money in their education now, will result in a bigger job and more money later.
Great idea in theory, but as far as actual payoff goes, many are finding that the “going back to school” response is not paying off the returns they expected.
Should I Go Back to School?
Going back to school for an advanced degree, is sometimes not the best answer, especially if you decide to go back straight from your undergrad and/or going full-time. It’s really all about your motive. An advanced degree can absolutely provide you with more tools in your skill-box, but nothing beats on-the-job experience.
When making the decision to go back to school to advance your career, you should consider the following:
- Is an advanced degree necessary in your desired field?
- Where does your desired company/field recruit from?
- What is more valued in the field – education or experience?
- Can you go back to school while working your current job?
Here’s the cold hard truth – the majority of jobs out there, do not need an advanced degree. In fact, very few industries even reward advanced degrees such as financial, teaching, government, and science-based positions (there are others out there, these are just examples). But most positions in most companies, particularly large companies, can be worked into without an advanced degree. In other words, you can start in a position and work your way up the ladder.
Knowing where your desired company recruits from is important when determining not only if you should go to school, but where. Most large companies attend about five different schools to recruit top-talent (it’s not “fair” or “right,” but with budget cuts, they put face-time in at schools that support them). If you are dead-set on working for a specific company, going back to school at one of their recruiting locations is a good starting point.
But overall, the “where you go” is a bigger conversation than where the company will find you (the Human Resources and company snobbery is going to come alive right now; remember later that I warned you).
This may be a bit controversial, but where you decide to get your advanced degree is there… many schools are a waste of your money and time, plain and simple. They are not “prestigious” enough or recognized enough, to gain any value to your candidacy. So if you are considering going back to a school that is historically thought of as online-only (or online mostly) schools, please reconsider.
To some recruiters, these online degrees hold little value – in fact, it may make some recruiters question your candidacy in strange ways: are they not great at school; are they bad decision-makers; are they going through the motions to get an advanced degree?
I warned you: this is not necessarily fair, but it is absolutely what hiring managers think when they see some of those degrees on your resume, particularly at a large company when you will be competing against candidates who attended Ivy League schools.
It could be somewhat difficult to figure out if school or experience is valued from a distance, but you can suss it out through a little research. The best place to start; the company’s career page. Learn about their core values and see if education or knowledge is one of them. Also, research their employees on LinkedIn and see what kind of schooling the people you find, have. Do they have pay differentials for different levels of schooling? If that still does not present a clear picture, find an HR person in the mix and send them an email. Ask them directly, “in your recruiting process, does your company place more emphasis on education or experience.” And voila, you have your answer.
This should be an important part of your decision, to make sure that you are following industry-specific desires and not wasting time on schooling that will not impact your career advancement.
If the industry/company does not care about the degree, then no matter how much you think that advanced degree will make a difference… it won’t.
School While Working
For many an employer’s perspective, this is the most ideal path to follow. It is a hard road to follow, but can bring you so much further along than quitting to go back to school full-time. You are able to gain experience and advance your knowledge in real time. It also shows your current (and future) employer(s) that you are determined to advance your career, have superior time management skills, determination, and understand that school is ONE piece of the puzzle, not the only one you are relying on to get ahead.
Think more school is the answer? It may be… but do your research first!
For this post, YouTern thanks our friends at Loosen Your White Collar!
About the Author: Melissa Anzman is a career coach, blogger and author of Stop Hating Your Job. A Gen Y entrepreneur and former human resources leader, Melissa founded Loosen Your White Collar, where she helps people fall in love with their jobs and understand how Human Resources works. Contact Melissa on Twitter.