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What RoI misses is that an available, stable income is far more important than getting paid more than it was worth to spend. A master's degree may not be an adv
by selfmodruntime 2y ago
What RoI misses is that an available, stable income is far more important than getting paid more than it was worth to spend. A master's degree may not be an advantage in an employee's economy, but when the table turns and possible employers get hundreds of applications, you may have a better chance making it past their filter with a degree.
You can currently see this being the case. Among the people I know that were laid off, ex-bootcampers and self-thought developers have worse chances getting application replies than those with degrees.
- imtringued 2y agoNegative ROI means you end up paying for the privilege of having your job vs not having the degree at all. A negative ROI bachelor means you could work as a cashier and earn more in net than someone who gets an expensive degree and a job that is not paying enough to offset the student loan. A negative return master means that you would earn more in net if you stopped studying after your bachelor. In other words, you are sacrificing your bachelor earnings edge to get a masters, which is why it is more common for a master to have a negative ROI. You're already "rich" after the bachelor.
- selfmodruntime 2y agoIn term's of crisis, life doesn't care about about averages.