GRAD SCHOOL: WORTH IT?
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James Joyner | Monday, July 21, 2003 |
Invisible Adjunct has two posts on the subject, here and here. The gist of her analysis is that people need to go into grad school, especially in the humanities, with their eyes open and actually think about finances, including the opportunity costs (years of lost salary while in school).
Thomas H. Benton, writing in the Chronicle of Higher Education, has similar advice. His number one rule is not to pay for graduate school–which means only going on a full assistantship and not getting lured in on one-year fellowships. To gain negotiating power, he suggests applying to at least ten schools and then playing them off one another.
Brian Weatherson has done some research and finds that, at least for Philosophy majors that can get into top programs, the opportunities aren’t bad at all.
So, to recap, go only if you can get into a top-tier school, if you can go for free, and if you want to study Philosophy. Otherwise, do something else.
About the Author: James Joyner is the publisher of Outside the Beltway and the managing editor of the Atlantic Council. He's a former Army officer, Desert Storm vet, and college professor with a PhD in political science from The University of Alabama. He lives just outside the Beltway in Alexandria, Virginia.
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A humanities grad student thinking about opportunity costs (or anything remotely smelling like an economic analysis) is like asking Bill Clinton to think about baseball while visiting Hugh Hefner's home.
I've had pretty good luck dissuading them, actually. It helps to be a Horrible Example, don't you know.
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