One reason that often gets glossed over (including in this article) is how (non-online) Masters programs are huge moneymakers as a ticket to working in the US. I've seen that in CS programs at University of Buffalo and Yale, a majority of Masters students are from abroad, especially from Asia. Basically, if you wanted to work in tech in the US, you could either: - Find a multinational company in your home country, wo…
Master’s degrees are the second biggest scam in higher education?
211–220 of 315 posts
Re: Master’s degrees are the second biggest scam in higher education?
#2121. You don't need a masters to apply to a doctorate program. 2. You're not making that much more than someone with a bachelors and 2/3 additional years of experience. I managed two people with a masters degree at a previous position and they weren't any better then the person I hired with a high school diploma. In fact I'd say the death metal guy with the HS diploma ran circles around them. Doesn't seem like a sound…
Don't make overly broad statements. This is true for many programs, but false for many programs. It tends to be true for CS, and less true for EE, for example. When I applied for grad schools in EE, the universities that let you in the PhD program with just a BS were a minority. The top 10 school I got into said they would allow it only for special circumstances, and even then, would make you take about 2 extra years of coursework compared to those coming in with an MS (so practically the same as being admitted to a MS first). In my time there, I didn't encounter a single person who got into the PhD program with just a BS.
Googling now, what I say may be less true. My undergrad university, which absolutely required a MS to get into the PhD program, no longer does. Although the grad school I went to hasn't changed - you still have to take about 2 more years of coursework if you get in without a MS, and your qualifying exam is delayed pretty much as if you were first getting an MS.
Re: Master’s degrees are the second biggest scam in higher education?
#213I'm not sure how to take this article considering that I am trying to switch into tech with a Biology undergrad with some CS coursework. I'm already been admitted to OMSCS but I've been thinking of applying to on-campus masters programs at Cornell, USC, and Stanford but the >$50k price tag is making me resist. Are these on-campus programs at prestigious universities worth it to get access to high-growth startups and…
I think the easiest path into tech is through internships. Being a student at a well-known university can help get you in the door for good internships, but it doesn’t have to be an expensive private college. Some schools also have a “second bachelor’s” program in CS which might get you into the kind of internships you want. I was in a similar situation as you. I did a 3-month “boot camp” and then worked at an unknow…
In terms of the bootcamp pathway, I feel like I have the foundation to teach myself the skills I need but it seems like the one positive thing that can come out of the bootcamp for me are the potential connections and job placement I would be able to get.
Let me know if I am wrong about it though!
Re: Master’s degrees are the second biggest scam in higher education?
#214I wonder if this scam also applies to executive MBA programs? For example, the Kellogg-HKSTU program cost US$220,000 for about 18 long weekends of on-site classroom time. This is exorbitant, but the Financial Times has ranked the program as the best EMBA program in the world 10 times, primarily due to the large increase in salary after graduation, up 67% to $528,057 in 2020. [1]. In fact, the reported salary increase…
Scam #1 is the level of executive compensation, particularly in the US.
Scam #2, the EMBA, rides on the back of #1. Cost is "justified" by what #1 makes possible, but nothing else.
Re: Master’s degrees are the second biggest scam in higher education?
#215Recent OMSCS graduate here, and I was already working as a software engineer. I learned a lot, I'm very happy with the experience, the price is totally reasonable (around $7k) and it's a kind of education which suits and is oriented to adults. I totally recommend the program. But, I totally understand the issue with a $50k Master's.
Re: Master’s degrees are the second biggest scam in higher education?
#216Earlier quoted context omitted.
Standardized tests are highly predictive of IQ. https://slate.com/technology/2014/04/what-do-sat-and-iq-test... Here's a layman read. Here's a little more depth : https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6963451/
Just wondering, as someone currently preparing for SAT - why is it so easy to drastically improve one's performance on standardized tests if they predict IQ? My score was pretty mediocre (due to a year of slacking off during COVID) but after some practice I improved it significantly - does that mean my IQ is greatly increasing as well? I know of some very, very clever people who do not perform well, and the opposite…
I'm going to guess you're gains plateau or you get to a near-perfect score pretty quickly. The gains you're seeing are just familiarity with the test.
Re: Master’s degrees are the second biggest scam in higher education?
#217Earlier quoted context omitted.
Depends on the trade, you can't make electrical work without some form of recognition I believe. And beyond that I mostly asked regarding customers, you want something to back your claims and prices.
Those are called “trade schools” in the US, and most community colleges have programs for trades. For example, a lot of community colleges have programs in auto repair and heating/cooling. It gets more complicated in the US because of unions. In many places, you can’t become a plumber or electrician without an apprenticeship, which is controlled by the trade unions. Therefore, community colleges might offer classes o…
Re: Master’s degrees are the second biggest scam in higher education?
#218Best damn advice I've ever gotten!
Re: Master’s degrees are the second biggest scam in higher education?
#219My masters degree in Computer Science was incredibly educating and opened many career doors for me. It filled in a lot of gaps that my undergraduate education left, and significantly raised my profile amongst recruiters. CS might be the exception to the rule about Masters degrees though.
My CS masters was also no cost to me. Working as a half-time teaching and research assistant covered my tuition. I finished in twice the usual time with no debt and valuable work experience.
Re: Master’s degrees are the second biggest scam in higher education?
#220One reason that often gets glossed over (including in this article) is how (non-online) Masters programs are huge moneymakers as a ticket to working in the US. I've seen that in CS programs at University of Buffalo and Yale, a majority of Masters students are from abroad, especially from Asia. Basically, if you wanted to work in tech in the US, you could either: - Find a multinational company in your home country, wo…
I would characterize working over talented foreigners in this way as a grift, rather than a scam. They pay the high sticker price because it's rationally their best choice, but the value they're purchasing isn't in the degree, but rather the favorable status they earn in the immigration labyrinth. This isn't good for them, except in comparison to other options. It certainly isn't good for native-born Americans, who a…