Career development by going back to school
moneyrelations :: Sep.17.2007
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Plonkee Money recently asked whether a having a career plan matters.
Aaah, a topic that I always struggle with in my career section. I make a good living doing what I do but my career progression is stalled because I don’t have a degree. There will be a time when I don’t make that much for my age and an even younger generation will surpass me. I also feel a pressure that you’re supposed to change jobs every 5 years so you don’t get stale. I’d hate to have someone say to me, “you’re still there“? as I am viewed as someone of above average intelligence where bigger and better things are expected of me. So, I waffle back and forth whether I should go back to university to get that degree even though I believe that my extra earning potential won’t be worth the time and tuition spent. Although I can afford the tuition without taking a loan, I’d rather keep my money invested. I also prefer the school of life as I’ve always shunned intellectual elitists for practicality.
As for the time factor, I project that the extra hours spent at school would only continue in a higher paying job with greater responsibilities and pressures. This is not always the case but regardless, I don’t need this type of invasion in my private life. Also, by getting better at investing, I can make up this difference in salary through a passive income source.
The only reason why I’d go back to school would be to network but I feel that this is an extension of your personality especially as a mature student. Your social skills have already been developed. If you are gregarious by nature, it will always be easy to network. If you’re a wallflower, it will be difficult to maintain these new contacts.
Given my reasoning, I still question myself whether I’m making excuses and if my arguments are really justified. I just feel that at this point in my life, I believe that going back for a degree would only placate my ego.
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