First off, a big congratulations to my sister Vanessa, who will be getting her undergraduate diploma from Barnard today (campus-wide graduation is tomorrow), as well as my buddies in the business school who are getting their degrees -- including my high school buddy Jeremy.
Jeremy's lucky enough to already have a job lined up (and a nice one at that) but the Times is reporting that despite many new graduates wanting to go on to grad school rather than try to find a job, "the market value of advanced degrees is unlikely to rise enough to make the investments worth it." They're particularly highlighting medical and law degrees, but I can tell you that the number of people applying to business school has been up for the last 2-3 years as well (although I don't know if the number of graduates will rise.)
I'm halfway through my second post-graduate degree (years ago I earned a masters from Columbia in journalism, an industry that always has an oversupply of labor.) If the value of advanced degrees is declining, does that mean I'm losing value twice as fast?
