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NYIT in the Media
Jan 13 2014

Ott on Grad School: Cost-Benefit Analysis is Crucial

Prospective graduate school students should take time to carefully weigh the costs and benefits of getting a graduate degree, says Alexander Ott, Ph.D., associate dean of academic support and enrollment services in a MonsterWorking.com blog, "Five Signs You're Not Ready for Grad School." 

Ott says students should ask whether “attending graduate school for X degree will be worth the money and time. This ‘worth’ can be judged in a variety of ways, including the personal and intellectual growth that would hopefully be a result of the graduate school experience as well as the advantage the degree may confer in terms of added earning power.”

Students who haven't done a true cost-benefit analysis, or research into career opportunities or the actual responsibilities of employees in the field might consider postponing their entry into grad school, Ott and other experts advised.