Like many of you new graduates out there drowning in a riotous river of new applicants, that is, in a job market inundated with thousands of layoffs each month, I’m wondering if my hard-earned Masters degree has any value. Sure, not everyone has one, but many do, and the many that do have years of experience behind them as well — making them especially competitive in the job market. So what is a new grad to do?
Consider Enrolling in a Ph.D. Program
The Good: Most Ph.D. programs offer full tuition remission, and some, like USC Annenberg (where I intend to apply), offer students a stipend and health benefits for five years. During your studies, you will have opportunities to obtain critical experience in teaching, article writing, preparing and delivering papers for conferences, and original research. Aspiring educators at the community college and university levels will discover that finding work after grad school with their doctorate is much easier than with their masters. Why? Well, that’s the bad.
The Bad: Ph.D. programs are tough to get into. Most universities accept between 10 and 15 students once per year. That’s pretty hardcore. Even with excellent GRE scores, letters of recommendation, transcripts, and a well-crafted letter of intent, there’s no guarantee you will be admitted. Additionally, you must pay for the university to review your application, which can range from $55-$100, and pay for your transcripts, with can run between $5-$20 per college attended. That’s an expensive gamble to make when you’re unemployed or hurting financially. Imagine applying to three or four programs with these fees. It can be discouraging.
Apply for an Internship
The Good: Recent graduates often lack the experience they need to enter their chosen field straight out of college. Internships provide these grads with opportunities to gain real-world experience in an authentic learning environment. For example, I’m applying for the SDICCCA Regional Faculty Internship. If selected for this program, I’ll be partnered with a mentor professor at a community college in San Diego, who I’ll shadow in all of their duties for a semester. The mentor will continue to guide and instruct me the following semester as I teach a section of a course on my own. This experience will makes me more competitive in the community college career market because of the training and the classroom teaching component.
The Bad: Like enrolling in a Ph.D. program, internships, too, are competitive. Not everyone gets selected. You must fill in the application in such a way as to stand out amongst the many applicants. Also, most internships are unpaid. This means you may have to work elsewhere to make ends meet while participating in the internship that will take you to the next level. Balancing work with an internship can be taxing, both emotionally and physically. Long hours and heavy workloads come with the gig, as well as living on meager wages (if working part-time).
Not Your Dream Job? It’s OK to Trade Down
The Good: Pay your rent on time. Pay off your credit cards. Pay down your loans. Really, the most central reason people consider trading down the career totem pole is because they have bills. In my opinion, it’s better to take a lower paying job, or a job you once did but vowed you would never do again (which, for me, is retail), then to fall into debt. The last thing you should want is to compound your problems with creditors, or to damage your credit score (which, incidentally, many employers will check when they run your background to determine if you’re a responsible person).
The Bad: Swallowing your pride. Sacrificing your ego. Postponing a dream. Perhaps, in some fields, damaging your resume. For the most part, though, employers are well aware of the recession we’re in. They know that over 600,000 jobs alone were lost in January. That more people are collecting unemployment now than any time since the government began keeping records in 1967 (Anderson Cooper).
As you can see, there are no easy answers and no quick fixes. The recession, housing market crises, credit burst, and costs for gasoline and health care have placed us all in the line of fire. Job security? Psh. New graduates are lucky to find one to begin with. The best we can do is to think creatively, try new approaches, sharpen our skills, and fight the good fight!