Should You Give Up Your Salary and Go to Grad School?

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Should You Give Up Your Salary and Go to Grad School?
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Big layoff announcements and growing fears about the economy usually mean more applications to M.B.A. and other graduate programs. But this time, career advisers and analysts are preaching caution.

. Of employees recently hired after a layoff or termination, more than half landed a new position within a month, according to a new ZipRecruiter survey. Among tech workers, nearly four in 10 did.

Beth Hendler-Grunt, the president of Next Great Step, which coaches college students and recent graduates on careers, advises to work several years before pursuing a master’s degree. Some experience makes applicants more attractive to admissions offices and makes it easier for students to contribute to class discussions. She also urges those considering graduate school not to use it to put off professional networking or job searching.

Mr. Adams, the Florida State student, plans to apply for more jobs, in addition to graduate programs, early in 2023. He is spending about four hours each week getting certifications in Excel, Tableau and coding, as well as working on personal data projects.“I want someone to take a chance on me,” Mr. Adams says.Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved.

Appeared in the January 4, 2023, print edition as 'As Fear in the Job Market Rises, Is It Time for Grad School?.'

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