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would it be stupid to quit work and go back to school now?

Dear Summer

Golden Member
I've been wanting to go back to school for a Master's and I'm evaluating these options.

1) I can continue my job and do a distance/part-time program

2) I can quit and go back to school full time.

The benefit of option 2 is that my choice of grad school is wider. I have more options to apply to certain schools in any region of this country. I'll be able to move to the area where I want to live. The disadvantage is that, I'll be going further into debt and be worried about finding a job after graduating.
 
Are you trying to move into another career? salary bump?
If latter, stay and go part time - else, quit and go full time.
Don't employeers reimburse for advanced degrees as long as it's related (MBA)?
 
Originally posted by: Dear Summer
I've been wanting to go back to school for a Master's and I have few options.

1) I can continue my job and do a distance/part-time program

2) I can quit and go back to school full time.

The benefit of option 2 is that my choice of grad school is wider. I have more options to apply to certain schools in any region of this country. I'll be able to move to the area where I want to live. The disadvantage is that, I'll be going further into debt and be worried about finding a job after graduating.

I never think going to school is a stupid option, but you said you're already in debt. You'd have to account how much debit you have now, how much more you would get, and how long it would take you to pay if off with the job you want to get.
 
Originally posted by: dbk
Are you trying to move into another career? salary bump?
If latter, stay and go part time - else, quit and go full time.

salary bump + trying to get into better company

 
Originally posted by: Dear Summer
Originally posted by: dbk
Are you trying to move into another career? salary bump?
If latter, stay and go part time - else, quit and go full time.

salary bump + trying to get into better company

You could probably just stay and gain experience instead.
Sometimes experience is worth more than education.
 
I'm thinking about an online distance program from a university that I like, but the downside is that there will be no face to face interaction with my peers. I'm also into the networking aspect of it as well and meeting people.
 
Originally posted by: Dear Summer
I'm thinking about an online distance program from a university that I like, but the downside is that there will be no face to face interaction with my peers. I'm also into the networking aspect of it as well and meeting people.

Well, don't just get on online MBA just to have it. It's only worth as much as the reputation of the institution, and most employers at top firms are like, "meh" when it comes to online degrees.

I'd say if you're going to leave you job for it then it better be an MBA from a Top 10 business school.
 
Originally posted by: RaistlinZ
Originally posted by: Dear Summer
I'm thinking about an online distance program from a university that I like, but the downside is that there will be no face to face interaction with my peers. I'm also into the networking aspect of it as well and meeting people.

Well, don't just get on online MBA just to have it. It's only worth as much as the reputation of the institution, and most employers at top firms are like, "meh" when it comes to online degrees.

I'd say if you're going to leave you job for it then it better be an MBA from a Top 10 business school.

it's not MBA, M.S. from a reputable univ
 
My wife just gave her two weeks notice last Thursday to go back to school. Changing careers. Dropping a $60K job to do it.
 
If you're looking to do part time, does your company have any tuition reimbursement? If so, you should use that.

As for going back to school full time, look up the schools and their programs, they usually have assistantships for Graduate students and you don't have to deal with more debt.
 
I'd recommend quitting if you can afford to do so because a) you'll get the benefit of face to face contact with instructors and peers and b) full time college is fun.
 
Originally posted by: Pegun
Location, program, university....These will influence decisions and opinions.

This.

I am applying for some MBA programs, but I also got laid off in December so effectively I am not really giving anything up.

I think if you do have a job right now, then it is really a tough decision. I think I would lean toward keeping a job instead of giving up certain income in uncertain times. If you got laid off, though, then I would probably recommend going back to school full-time instead of hunting down a new job (because that is exactly what I am doing).
 
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