Graduate School Discussion JAMES B. AVEY PHD COLLEGE OF BUSINESS CENTRAL WASHINGTON UNIVERSITY Topics Why Graduate School? Why not Graduate School? What course of study? What school? Logistics of Preparation Logistics of Graduate School Note on Post-Graduate school Why Graduate School? Money (40k entry vs. 60k + entry depending on school) 10/26/06 AP “College graduates made an average of $51,554 in 2004, the most recent figures available, compared with $28,645 for adults with a high school diploma. High school dropouts earned an average of $19,169 and those with advanced college degrees made an average of $78,093.” http://economiclogic.blogspot.com/2008/08/what-is-mbaworth.html Access to Professions and Levels Promotion (caution- an advanced degree is not salvation) Personal Goals Respect Why not Graduate School? Bias? Time commitment Tired of school Cost of Degree Deployed to remote area Can’t find a job? Not now? Entrance to Program (Exec MBA) Remember your high school friends “I think I’ll go to college later”….yeah right! What course of study? Profession? What is your profession? Business- MBA Emphasis as appropriate Broad emphasis may be better at graduate level Do not get a non-business or non-law degree if you will be in business/management. Psychologist Psychology Sociologist Sociology What school?- The System Input Process Output What school? The best one possible, without exception. Investment strategy: the higher caliber the school The more the payoff The stronger the networks The higher caliber the networks in terms of opportunities The one you can get in Do not take the road of convenience Schools in Washington (U.S. News and World Report) University of Washington (not satellite campus) Big Gap University of Seattle, SPU, WSU WWU, EWU, Gonzaga Big Gap City University, Univ. of Phoenix, Capella Logistics of Preparation Gaining Entry Grades GMAT Minimum 600 Preferred 700 750 or higher guarantees entrance Service Personal Contacts within the University Time Preparation Class Time Study Time Collegial Time Logistics of Preparation Family Married? Kids? Putting first things first or you will fail Cost Education reimbursement Scholarships/Grants Loans/Parents/Sponsors Paying your own way Geographic/living No house? Live Close House? Buy a Diesel Jetta Logistics of Graduate School From a Pike in a Puddle to a Guppy in the Pacific Class sizes smaller (typically) Depth is deeper Breadth is broader More synthesis and integration of real-time issues Expectations in syllabus; no babysitting Homogeneity of colleagues Can you sluff through? Yes, but it is more difficult and others will know Note on Post-Graduate school Must have good reason for a Ph.D. Job Requirement Current Job Desired Job Personal Requirement Time commitment (MBA) vs. Brain commitment (PhD) Different Discussion Summary Graduate school…* Is fun Is hard Opens up opportunities Is an investment no one can take away * Side effects may include a know-it-all attitude, an urge to tell others what to do, friends asking to borrow money, extreme attraction from the opposite sex and 22 inch rims on your ride. Open up for questions AVEYJ@CWU.EDU