Graduate school enrollment decreases in slow economy

In previous years, a bad economy resulted in more workers going to graduate school to increase their job prospects in the future. But that's not the case in the current slow economy, according to Fox Business.

Actually, graduate schools have seen a decrease in enrollment recently, even though there's been an increase in applications. Enrollment of new students at graduate schools has dropped 1.1 percent from 2009 to 2010, even with an 8.4 percent rise in applications overall, according to a study conducted by the Council of Graduate Schools. That marks the first decrease in first-time graduate student enrollment since 2003 and happened after a 5.5 percent increase the previous year.

Experts have been saying the current job market has workers too afraid to leave their job to pursue higher education than attempt to find a new job, according to the article. However, for some workers, going to graduate school might be a good idea, as it could result in a change of career and a higher-paying job.

"I've worked with a number of (people) who just feel stale, they are no longer challenged, they don't feel engaged in their world of work-that's a good reason to seriously look at grad school," Cheryl Stevens, certified professional coach at MBA@UNC, an online MBA program offered through UNC's Kenan-Flagler, told Fox Business.

Click to read the entire article at Fox Business.

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