What do the numbers say?
Future Plans. The decision in taking a graduate course mainly depends on the student’s end goal. Most students are enticed with the benefits of earning their own income first before pursuing additional education. There are also a good number of students who are just contented with finishing college and pursuing their dream jobs, not intending to take any graduate course at all. Those who take graduate courses are either desiring to get into a prestigious job or wanting to get promoted in their current field of work. There are only a few job titles, though, in which graduate education is needed. Hence, many students would only look into finishing their undergraduate courses without thinking of any additional education, at least in the near future.
Admission Rate. Graduate school admissions statistics also involves the admission rate of different graduate schools. In general, it is not really easy to get into graduate school. Graduate schools have a number of requirements that applicants need to successfully meet in order to pass and get admitted. Some of these requirements include undergraduate transcripts, standardized test scores such as GRE, GMAT, LSAT, etc, admission essays and recommendation letters. All of these should show that you are a qualified candidate for the graduate course that you intend to take. Graduate schools have different admission rates. Some schools are very stringent, especially the prestigious ones, with a going admission rate of less than 25%. Nonetheless, there are other good graduate schools that admit 50 to 75 percent of their applicants.
Financial Concerns. Getting through an undergraduate course is tough enough because of the school fees and other school-related expenses; more so in a graduate school. This is one major consideration of most students. Graduate programs now range from $20,000 to $60,000 annually. Although most graduate courses only take 2 to 3 years of full time education, that amount is still a challenge especially to average income earners. Fortunately, most schools offer attractive financial aid programs to support qualified and deserving students. However, some people already get discouraged just by merely knowing the total amount needed to finish graduate school.
Regardless of what the graduate school admission statistics say, attending a graduate school is still one of the best investments you’ll make towards your future. Finishing a graduate course opens a lot of opportunities and makes you more “marketable" to large corporations because of your increased knowledge, skills, and competencies.