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The article misses something I think makes part of it: grad school is a ticket to establishing some level of connection in the US for foreigners, and some use i
by noobermin 9y ago
The article misses something I think makes part of it: grad school is a ticket to establishing some level of connection in the US for foreigners, and some use it as a spring board to getting a job in the US. They need this because a graduate degree actually is losing its value given the poor job market for PhDs. The prospects of a job after graduate school are diminishing the closer you get to a PhD; it just makes less sense to go to grad school when you can get good jobs with just a BS in CS for example...unless there is something else to make the ROI better.
Finally, the stats mentioned are merely fractions, not overall numbers. What could merely be happening is the growth is coming from international students, not that less Americans are headed to grad school.
- jdlyga 9y agoMaster's degree is good for H1-B lottery
- calvinbhai 9y agoDo you understand how the process works? It just gives you an additional chance. 250k apply for a total of 85k h1-b visas. Of which 20k is for masters/PHD. Probably 100k grads are languishing in the US withought getting an h1b and that number continues to increase every year. So if the 80k oh the 100k who don’t get it in masters quota, they just are same as the rest of the 150k interns of getting picked in a lottery
- surfmike 9y agoForeigners who went to grad school are very heavily represented in Silicon Valley. Perhaps going all the way for a PhD is not worth it (debatable, some of my CS PhD friends have done incredibly well) but a Masters is definitely a strong path to success.
- khuey 9y agoThe extra H1-B spots for advanced degree holders may have something to do with that.
- tomaha 9y agoOr the $500k+ you can earn. Most of the people in that region have at least a masters degree and likely more.
- delphinius81 9y agoIf you focus on computer vision / machine learning at least
- jonathankoren 9y agoThe vast majority of these people are not pulling home $500k per year salaries, or even total comp.
- enraged_camel 9y agoOutside of a few very specific fields, I have trouble believing that a Master's degree will result in $500k+ salaries. But if you have data, I'd love to see it.
- tanilama 9y agoNot true. Average programmer salary for foreigner is more like 100K, which is pretty good already
- dodigitty32 9y agoThe latest fad among most of the engineering graduates in India is going for an M.S degree, as you said most of them go to US not for the top quality education but mostly as an entry to the job market there. In that case M.S makes the most sense instead of phd, because if you are anyways going for a job might as well finish the most basic requirement and go job hunting. The banks here are happy to offer loans, which when compared to the higher salaries in US are easily payable in 2-3 years.
- umeshunni 9y agoIf by latest fad, you mean since the 90s, then yes.