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I disagree that going to school to earn a Master's Degree is a bad investment.
No so at all. There is no wiser investment one can make in obtaining add'l education & life knowledge. An undergrad degree is great, but completing Grad School will set you up for a much better way of life regardless. Plus if you give up this (or any!) dream due to your husband's reservations, resentment will always be a sore spot in your marriage. I stand behind you 100% on this!!
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x NP - in my part of the STEM world, having a graduate degree is pretty much required to be in the game, so OP's goals ring true to me. At my organization, we wouldn't even look at a resume for most positions if the applicant didn't at least have a masters. I've seen people get in the door with just a bachelors, but it's VERY rare, and most of those people eventually hit a career wall and then go back to school for an advanced degree. Even many of the small non-profit folks that I've worked with outside of DC seem to have masters. For a STEM field, I would normally advice students to look at a program that offers some sort of research or teaching assistantship that covers most/all of the tuition, but those research-focused programs take longer to complete than the more compressed policy-oriented programs....for the OP it sounds like time is a bigger issue than money, so she might as well take the faster route. |
I agree and that poster must have other issues to post that. |
| Op your dh is right to be skeptical. Getting a masters to make so little money is a bad deal. Don't get sucked into these programs which are a ripoff and most people regret doing (I am one.) instead, keep trying to get into the workforce with the education you have, and focus on finding a place with a family friendlier work environment (like some federal agencies). This is more important than exactly what you are doing. Trust me jobs that seem like they will be really cool are not. You are chasing an idea not a reality. You will likely be disappointed. |
| Which hard science/STEM field only makes 50-70k with a Master's? |
Most of them! Except maybe engineering. Many biology type fields need a PhD to be competitive and that doesn't even guarantee a high salary. |
00:40 here - I agree. At the federal agencies, I would expect someone starting out with just a masters (and not much work experience) in the Bio or environmental sciences to come in as a GS-9, so ~$54k here in DC. Most people seem to quickly move up to GS 11/12 at least, so would likely be making at least 80-$100k by mid-career. However, it sounds like OP will likely be the trailing job moving fairly frequently for her husband's job, so it will probably be difficult for her to strategize to move up the ranks. |
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OP, is this a new career field, or the one you were in prior to having kids?
If you have worked in this field before, and now need a master's degree to move up, then go get the masters. If it's a new field, I would encourage you to get an entry-level job (or even an internship) in the field, to make sure you enjoyed the work, before you invest your time and money into the degree. I would give this advice to anyone: male, female, married, single, with or without kids. I would tell your husband you are going to work for one year while he figures his situation out, and then you are going to school in September 2017. If by next spring, he has not found a new job, he needs to stick it out in this job/area for the two-three years that you need to finish your program. |
| A master's for a <70K job is stupid. |
How old is your child? Will the care schedule be stable or patchwork? How many hours a week? Btw, as a nanny I earn that much without a degree, and I love my work. |
= bad investment then. In my electrical engineering/computer science world... fresh-out-of-school starts in the 90K range. A few years in and your into the 120K range. Why get a PhD (which = massive investment of time and money) to earn very little? A close friend of mine got a PhD in Chemistry did an adjunct teaching gig at MIT for about two years... was earning around 38K. This was absolutely stupid The only way she was able to afford to live was because her granddad was paying for her rent and stuff. The phD took 5 years! She works as a lab assistant at a university now makes very little. Sometimes it is just NOT worth it. |
| OP, if you are really set on getting a master's, there can be inexpensive ways to do it. When I got my master's, I got a job at the university I attended and got tuition benefits after three months. Made getting a degree very affordable. Would your husband be more on board if you were working too and/or found a cheaper option to get your degree? |
That has been suggested multiple times, but OP is very set on doing her expensive 3 year program so she can say she went to X school. |
Or so that she'll have connections from X school and have X school on her resume, which will help in her job search. Would you rather higher someone with a degree from Georgetown or Strayer? |
Wow you really have a reading comprehension problem. Op will make 50-70k after her degree, not 25k and her degree would be about 20k or so based on the cost per credit she cited. But why let hard numbers get in the way of your rant. |