For many industries, a bachelor’s degree, while a necessary first step, does not get you as far up the corporate ladder as it used to. There is little doubt that master’s degrees, especially an MBA, set business professionals apart from their co-workers.
Need more motivation? U.S. Census data shows that employees with graduate degrees earned nearly $1,000 a month more than those with a bachelor’s degree. Professionals with doctoral degrees earned approximately $2,000 more per month. Most businesses would have record-setting years if they encountered such a substantial ROI.
Of course, there are several excuses that enable people to indefinitely postpone their return to the classroom. Here’s just a look at some of many reasons people share.
I’m too busy
While it’s hard work to earn a degree, many institutions make it more convenient for adults who lead active lives. Some offer night and weekend courses a must for working professionals balancing personal and work lives. And, because they take just one course at a time, students at these schools find it easier to focus their efforts and concentrate on a particular subject.
It costs too much money
Tuition hikes have recently been in the headlines, and the impression is that going back to school is an expensive proposition. Many people think it would be too costly and that belief discourages them from taking that next important step in their lives.
However, they may be able to take advantage of tuition benefits where they work, and most do not know that adults going back to school do qualify for financial aid. In fact, there are several federal loans, grants and private scholarships offered to adults.
Students often find that it’s easier than they think to obtain financial assistance, especially if they are willing to do a bit of research. Plus, the opportunity for a higher salary in the future easily can outweigh the costs. You can check with an enrollment counselor at your school of choice for further details.
Classroom learning doesn’t translate to the real world
Now, more than ever, real and practical issues in the business world are being addressed in college classrooms. Experienced instructors use real-life scenarios as teaching tools and students use dynamic electronic simulations designed to facilitate the development of their strategic thinking and problem solving skills.
This fundamental change in leaning goals means students are able to attend classes at night and use what they’ve learned the next day in a meaningful way.
At many schools, this is called problem-based learning. Students learn not only how to solve problems, but how to identify them in the first place. Students then share their opinions and experience in a group setting. The result: a class that’s never boring and always full of lively debate.
I’m not motivated enough
Today’s working-adult-focused universities offer personal academic advisers to help navigate the challenges and added rigor of attending college. In addition, students often work in learning teams, so they have their peers to support and challenge them as well.
Of course, the ultimate decision to go back to school depends on the individual. You must draw upon your inner will and desire to do better in business and in life. Take a deep breath and envision the benefits that higher education will bring to you personally and professionally. You will find that if you return to school, you’ll be glad you stayed with the new challenge in the new year.
Elden Monday is the state vice president for the Pennsylvania campuses of University of Phoenix, a national leader in higher education for working adults. Reach Monday at Elden.Monday@phoenix.edu or (610) 989-0880, ext. 1131.