Recent reports and studies show the majority of post graduates are either unemployed or underemployed. Due to the economic times that one has graduated into, mixed with “no experience within their field”, pursuing graduate school seems to be an increasing trend among post graduates. According to Kaplan Test Prep, the number of students registered to take the GRE for 2010 increased 9% from 2009. That 9% increase equals out to a total of 675,000 students. With the rate of increase, the competition for admittance into graduate school is also increasing. Prospective students will be up against more applicants this year.
With certain disciplines and career fields requiring further education, for some students, they see no other option. Since graduate school is becoming more popular, even the career fields that only require a four year degree will have applicants who hold a higher degree. This creates more competition for post graduates within the job market. Russell Schaffer, Senior Communication Manager at Kaplan Test Prep, commented on this recent increase in GRE registration, “Many students and young professionals view graduate school as a safe haven to ride out the challenging job market and come out even more employable”.
After all, continuing one’s education does reap benefits. A recent study showed that people who hold a higher degree earn 35-50% more than those who have a four year degree or less. This will also benefit our economy. An increase in salary has a direct correlation with increased consumerism; you make more, you spend more. It also creates more competition within the job market. But is competition really a bad thing? It forces people to be better and achieve higher. When looking at this from a sociological view using the conflict perspective, this could be a motivating factor and force the “have not’s” to strive higher and find a way to “have”. It shows more are choosing education within our society, which is a positive consequence. After all, aren’t American companies and industries all about innovation and improvement?
Due to increased registration for LSAT, GRE and other graduate testing, it’s safe to say that graduate school is becoming part of the post graduate culture as we speak.
For information on the testing required to further your education, visit ETS.org.