Job Vs. Grad School

Posted on March 18, 2015

This blog post was written by Intern Queen Alumni Ambassador Savira Rusdi, a 2014 graduate of Rutgers University and current Communications Associate at Rent the Runway.

Congratulations! You have finally graduated with a Bachelor’s Degree and now you are deciding whether or not to pursue a higher degree or start working towards your career. Both are investments in your life but what do you value? Here is a quick insight of opportunity costs you should consider. Opportunity cost is the value of something that must be given up to acquire something else.

Financial Budget
Job – Creates a sense of stability and security. When you have a job, you are generating income for however long your contract is for. You can pay bills, be able to buy those fancy shoes you adore or simply save the money you have earned from working.

Grad School – It’s an expense. However, with the right research you can you can apply for scholarships, grants and financial aid. A great resource I use is QS World Grad Tour. QS is a world school graduate tour with information about graduate school and scholarship opportunities when you attend.

Skill Set
Job – You gain experience. This shows people that you’ve thought about what you want to do and that you have a realistic idea of what working life is like. Working in the industry can teach you valuable lessons you do not learn from school. You learn to demonstrate your skills to your employer, communicate with a diverse amount of people and are more aware about your own strengths and weaknesses in the workplace.

Grad School – You gain qualifications. A graduate degree may increase your options and professional prospects when you apply for jobs. This means you will have an in-depth knowledge of an area in your specialty, or provide a solid foundation thus broadening opportunities in the job market. Also, it can spark passion, be rewarding and serves to satisfy your intellectual curiosity.

Time

Job – A 40 hour (or more) week is considered full time. On average, you usually stay at your first job for about two years before moving on to the next one. Your first job isn’t necessarily your last job but can definitely influence your career choice.

Grad School – On average, the length it takes to obtain a Master’s Degree takes about one to three years. Grad programs require much more challenging coursework than undergraduate school and takes alot of hard work. Study, study!

Overall Happiness
What do you value? Is it absolutely necessarily? What do you value – a job or a or a graduate degree? Your values are the things that you believe are important in the way you live and work.You should have sound reasons and clear goals before making this very large commitment! These are key takeaways to think about. Good Luck!


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