Recently I’ve been considering going to graduate school. Going through the application process, I’ve been struck by how impossible graduate education must seem to many qualified people, especially if you are a parent.
Putting aside the logistics of actually studying for a degree, just applying requires staggering resources. Preparing for and taking the GMAT require most people to study intensely and take classes. Normally when you take a class in preparation for a test, you get some additional value out of it — knowledge or credential. But classes in service to standardized testing only teach one thing with one very narrow purpose: how to beat the exam. And yet, the test is such that an average person might have trouble competing without one.
So GMAT and GMAT prep: roughly $1,500 if you only have to take the test once, and a whole lot of time.
Then there’s the applications themselves, which seem to me to have far greater intrinsic value. The essay questions really do require you to think about why you are interested in graduate school, and they offer insight to both the applicant and the school. But of course, writing four 500-word essays for each school, plus gathering old transcripts, recommendations, and sundry other letters and back-up materials also takes a great deal of time and costs between $100 and $250 per school.
I’m not meaning to bash higher ed for the process; the applications and tests probably do offer a fairly good indication of who might fit with particular programs. But if you have ever wondered why it is that so many top MBA students are young adults from wealthy families, it’s because even a middle class person would find the fees and investment of time too staggering to contemplate, much less someone with a low income and children. (The same could be said, by the way, for many PhD, law and other kinds of masters programs.)
Once you’ve been accepted there are an array of financing options. That said, the costs of higher education at private, and many public, universities are almost inconceivable. These costs require people to take and stay in jobs they hate for years and years just to cover the crushing debt. If working mothers in professional jobs sometimes feel trapped, for many of them it is because they are paying off education expenses.
The larger question is where this puts our workforce. If only the wealthiest people have real access to top graduate educations, are we limiting diversity and growth in many sectors — business, law, medicine and academia? If some suggest that the financial crisis would have been mitigated with more women in executive positions, I would similarly suggest that things might have been different with more people from all walks of life in these jobs. It’s much easier to act in risky ways if you have always taken comfort and wealth for granted.
Higher ed people, would love to hear opinions on this from those of you on the frontlines of admissions and academia.
Related Links:
- I’m a fan of the American Association of University Women, an organization that advocates for women in academia, and helps those looking to pursue graduate education. Check out their blog here.
- Penelope Trunk writes about why you shouldn’t go to grad school, saying that “the grad school model needs to change to adapt to the new workplace.”
- The Forté Foundation offers some terrific resources for women looking to pursue a business degree.
- Theresa Phillips at About.com writes about raising and family while pursuing a graduate degree.



