The monetary value proposition of grad school simply isn't very good if you're a US citizen. There is non-monetary value (like advancing human knowledge) that makes grad school worth it for some, but the pay is low. Imagine you just graduated from a quality undergrad with high grades and strong recommendations from your professors. Maybe you had an internship or two or spent a summer doing research. Maybe you even ha…
The Disappearing American Grad Student
61–70 of 142 posts
Re: The Disappearing American Grad Student
#62Earlier quoted context omitted.
The stuff I mentioned was true for both masters students and PhDs (they were in the same classes), but it may vary by field.
PhD students don’t take ‘classes’ - they do their own independent research. It’s a research degree. If someone else can teach you a class on it then it’s clearly not cutting edge enough to do a PhD on!
Re: The Disappearing American Grad Student
#63Earlier quoted context omitted.
The stuff I mentioned was true for both masters students and PhDs (they were in the same classes), but it may vary by field.
PhD students don’t take ‘classes’ - they do their own independent research. It’s a research degree. If someone else can teach you a class on it then it’s clearly not cutting edge enough to do a PhD on!
Re: The Disappearing American Grad Student
#64The monetary value proposition of grad school simply isn't very good if you're a US citizen. There is non-monetary value (like advancing human knowledge) that makes grad school worth it for some, but the pay is low. Imagine you just graduated from a quality undergrad with high grades and strong recommendations from your professors. Maybe you had an internship or two or spent a summer doing research. Maybe you even ha…
Why not go for Option 2, but do your post-grad part time while working? It might take 10 years instead of 6, but by then you'd have 10 years work experience, capital, etc.
Re: The Disappearing American Grad Student
#65The monetary value proposition of grad school simply isn't very good if you're a US citizen. There is non-monetary value (like advancing human knowledge) that makes grad school worth it for some, but the pay is low. Imagine you just graduated from a quality undergrad with high grades and strong recommendations from your professors. Maybe you had an internship or two or spent a summer doing research. Maybe you even ha…
Why not go for Option 2, but do your post-grad part time while working? It might take 10 years instead of 6, but by then you'd have 10 years work experience, capital, etc.
If you plan or want to have a family, not so much. Doubly so if you're a woman -- pregnancy risks start ramping past the early-mid 30s.
Re: The Disappearing American Grad Student
#66The monetary value proposition of grad school simply isn't very good if you're a US citizen. There is non-monetary value (like advancing human knowledge) that makes grad school worth it for some, but the pay is low. Imagine you just graduated from a quality undergrad with high grades and strong recommendations from your professors. Maybe you had an internship or two or spent a summer doing research. Maybe you even ha…
Why not go for Option 2, but do your post-grad part time while working? It might take 10 years instead of 6, but by then you'd have 10 years work experience, capital, etc.
Part-time Masters degrees are more common (and what I did myself), but come with similar trade-offs and usually need to be paid for by yourself or by your employer. And as you're not committing to being a part of a professor's research group for the next 5+ years, it's harder to find a good match for an advisor and a good thesis.
Co-terminal degrees (B.S. + M.S. all at once, with an extra year after undergrad to do your thesis) mitigate this, but you're going to be out of pocket for that extra year of tuition on top of the bachelor's.
Re: The Disappearing American Grad Student
#67Earlier quoted context omitted.
PhD students don’t take ‘classes’ - they do their own independent research. It’s a research degree. If someone else can teach you a class on it then it’s clearly not cutting edge enough to do a PhD on!
Class hours are a substantial requirement of many phd programs. You can't do independent research without knowing what's come before. :)
I can't imagine how a class for PhD students works - everyone has such focused research topics that how can you find something relevant to teach to more than one person at a time?
When I did my PhD on optimising dynamic programming languages I would guess there were maybe ten other students in the entire world doing something vaguely similar at the same time. How do you do a class for that in one institution?
Re: The Disappearing American Grad Student
#68A few things: Grad students from foreign countries are not crippled with debt. They get affordable educations and can afford to be in school longer in America. Comparable American students have been consumed by debt and must get real jobs to pay it off. If undergrads were paying $7K / year for those degrees instead of $50k, things would be very different. Second, universities who are rich from plundering their underg…
$100k for grad school is not affordable for an Asian when annual family income is $5-10k and interest rates on loans are 15%.
Re: The Disappearing American Grad Student
#69Re: The Disappearing American Grad Student
#70The monetary value proposition of grad school simply isn't very good if you're a US citizen. There is non-monetary value (like advancing human knowledge) that makes grad school worth it for some, but the pay is low. Imagine you just graduated from a quality undergrad with high grades and strong recommendations from your professors. Maybe you had an internship or two or spent a summer doing research. Maybe you even ha…
Your option 1 is incomplete. It should read more closely to: You go to grad school and spend ~6 years working extremely long hours at nearly minimum wage with no benefits. You then spend 2-3 years on a postdoc still with relatively low compensation. There still are far too few academic positions available. You now either become an adjunct (and get caught in that vicious cycle) or you do another postdoc. Repeat ad nau…