Worst Side Effect of Recession? Endless Plague of Perpetual Grad Students
Posted on | July 5, 2010 | 35 Comments
OK, this is a pet peeve of mine from way back. When I was in college in the late ’70s and early ’80s, there was a distinct group of hippie leftovers who hung around the campus pub a lot while, supposedly, working on their master’s degrees.
They didn’t seem particularly smart or studious. Rather, they struck me as having fallen in love with the student lifestyle, which was far less strenuous than going out into the world to work for a living. And then there was that one ditzy girl from my art classes (I minored in art with an emphasis in graphic design) who, at homecoming a couple years after graduation, informed me that she was now pursuing a master’s degree.
At the time, my day job was forklift driver in an industrial warehouse, and I realized that this chick was going to grad school not because she had any special aptitude, but rather because her Daddy could afford it.
From personal experiences with these “perpetual student” types, I formed a perception of them as indolent and overprivileged, seeking sanctuary from the hardships of the real world. They reminded me of a line from Ghostbusters:
Personally, I liked the university. They gave us money and facilities. We didn’t have to produce anything! You’ve never been out of college! You don’t know what it’s like out there! I’ve worked in the private sector. They expect results.
Which brings us to this story from the Wall Street Journal:
College graduates who took a detour around the weak job market by going back for advanced degrees are beginning to emerge from those programs — and finding job prospects aren’t much better than they were a couple of years ago. . . .
Caitlin Johnson, 23 years old. . . 2009 graduate of Massachusetts Institute of Technology with a B.S. in computer-science and engineering, she said she was unable to land any of the 10 positions she applied for.
So she opted to stay at MIT for her master’s in engineering. Having just finished her first year of the two-year program, Ms. Johnson said she might look for a job at the end of the summer to start after she completes the degree next year. But finding graduate school more appealing and facing a job market that remains weak, she said she would most likely go on to earn her Ph.D. . . .
(Notice she “opted to stay at MIT,” where tuition is $37,782 a year. Spending Daddy’s money, you see.)
Aneri Patel, 25, graduated from the University of North Carolina at Chapel Hill in 2007 with an undergraduate degree in international relations. She landed a good job with a consulting firm, but decided to go to the London School of Economics in 2008 to learn more about climate change and be a stronger candidate in the job market. She never imagined how bad the job market would get while she was overseas in graduate school.
Since returning from London in January — her advanced degree in hand — she said she had applied for dozens of positions, but had yet to secure work.
“With international work experience, coupled with my internships at fairly respectable places and my master’s, I thought I’d get immediate interviews,” she said. “It was tough.”
Life is tough when you’re an international relations major with special training in “climate change.” Maybe you should have studied something useful, like alchemy, phrenology or necromancy.
Anyway, instead of getting a job as a waitress or a retail clerk – i.e., earning your keep while looking for something closer to your preferred line of work – these overprivileged slackers go back to grad school and mooch along for another couple of years. The final wisdom here comes from Monty at AOSHQ:
Many students get stuck in a “failure to launch” cycle that is familiar to the situation in Europe: students endlessly chase meaningless degrees that have no practical application in the real world mainly because academia is an alternative to holding a job rather than training for a job.

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