Published April 28, 2017
Not only is pursuing a degree beyond a bachelor’s more attainable for many, it also dramatically increases your earning potential and lowers your change of unemployment.
Not only is September synonymous with “back to school”, but it also means the beginning of a new application cycle in higher education.Many professional school prospects are feverishly googling the pros and cons of going back to school themselves. Well informed applicants today will see that schools are offering higher scholarships and incentives to get students to their institutions. Not only is pursuing a degree beyond a bachelor’s more attainable for many, it also dramatically increases your earning potential and lowers your change of unemployment. According to the Bureau of Labor Statistics, the unemployment rate of those with a professional degree is 1.5% as opposed to 2.8% if you only have a Bachelor’s degree. Keep that in perspective when reading about the tough job market.
Ultimately, in terms of earning potential, it is up to students to make the most of their experience while in school to maximize their marketability. "Professionals are not entitled to work because of a degree; they earn work based on their ability to do work and think," says Lorrie Ross, a career and marketing consultant quoted in the Washington Post. Therefore, if a student has the drive to make the most out of their professional degree, the earning potential and unemployment rates are in their favor.