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My comment was more concerned with the decision to graduate or stick around in grad school. The data suggests that you may be better off in the long term if you
by gamble 18y ago
My comment was more concerned with the decision to graduate or stick around in grad school. The data suggests that you may be better off in the long term if you spend the recession earning another degree instead of cowering in a cubicle.
- tom_rath 18y agoWell, for my own small sample of peers, those I know who took their chances in the workforce came out of the recession better than those who earned another degree (particularly if it was just 'something to do until things got better'). If you're planning to spend your life cowering, it really won't matter whether your choice is a cubicle or a classroom.
- timr 18y agoWhich recession? The last one (2002-2003) is a bad example, since many of the people who worked through it went crazy buying crap (i.e. houses, cars, granite countertops) with the flood of cheap credit that was used to "stimulate" the economy out of trouble. I spent that period in grad school, and while I don't have houses and cars, I also have no debt. I suspect I will end up better off in the long run -- we're just not there yet.
- denglish 18y agoI suspect the stats may be more biased by people who 'take what they can get' in the recession time, and then don't actually look to find more career progressing opportunities when the markets strengthen. (I've got a couple of friends that did that in the 2001 hiccup and despite my harassing still haven't left the jobs they compromised to take.) If that is the case it's more important you recognise when times have improved, than to delay your entry by another x years.