MBAs Have Become Most Sought After Credential
Over the years, interest in pursuing advanced education has always been high. However, the degrees advanced students have been seeking have seen quite a shift in the last 30 to 40 years.
In 1971, education was the most popular master's degree according to the U.S. Department of Education. Only about one quarter of the amount of students interested in studying education were interested in pursuing in MBA at the time. Fast forward to 2012, when the U.S. Department of Education revealed that a business degree had become more popular than one in education, signaling a shift in mentality towards the importance of having an MBA.
This accelerated growth of interest in MBA programs has spawned a variety of new opportunities, from do-it-yourself programs offered online, to Executive Program options for workers who don't want to leave their day job.
3 Things You Should Ask Before Going to Law School
If you're considering attending law school, it isn't as simple as selecting a college of your choice. There are several factors that need to be considered—some more important than others. Ask yourself these three questions before pursuing a law school education.
1. Are you getting your money's worth? Many people enter law school assuming that it'll be worth the cost of tuition—and then some. But is it? The cost of law school has been rising in recent years, and for some, law school may not give you a good return on your investment. Look into starting salaries of graduates as well as earnings over an extended career before making your choice.
2. What kind of lawyer do you want to be? Before entering law school, it's important to have a directed career path. Decide which specialization you would like to pursue whether it be intellectual property law, business law, criminal law, or patent law. Narrowing down your desired field will make the choice for your next three years a lot easier.
3. Where do you want to practice? It's important to consider the location of a law school in terms of where you want to practice. Once you're in school, your internships and work will largely determine where you end up practicing. Look into different schools based on where you see yourself living long-term.
What You Should Know About Student Financing
Once you've zoned in on a few potential grad schools you'd like to attend, the application process isn't the only thing you need to worry about. Discovering and weighing your financial options is another stressor. However, going in with the proper knowledge can make the process a lot easier. Here's what you should know about student financing during your application process.
Get to know your loan
If you have to take out loans for graduate school, make sure you completely understand their ramifications. How much do the loans cover? When are you expected to pay them back? What's the interest rate? Answer these questions before accepting any loans.
Learn about financial aid disbursement
Find out how each potential school plans to disburse your financial aid. Will it be in monthly segments or all at once? Or will you be reimbursed at the end of the semester? Learn what each plan is and discover which works best for your financial situation.
Get to know the financial package
Learn what's covered by the package your potential college is offering. Aside from tuition, are costs of books, student activities and other campus programs taken care of, or do you have to worry about those expenses yourself?