Grad School Enrollment vs. Unemployment Rate

Re:Grad School Enrollment vs. Unemployment Rate by ardit33 on Thursday October 02, 2008 @10:45PM (#322377)

this is very known, and there has been lots of articles about it. You probably could google this yourself: http://www.portfolio.com/views/blogs/odd-numbers/2008/06/04/...

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Re:Grad School Enrollment vs. Unemployment Rate by copenja on Friday October 03, 2008 @03:55AM (#322536)

Read the article.

The first study says the the income gap closes within 10 years.

10 years is not a "lifetime".

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Re:Grad School Enrollment vs. Unemployment Rate by ardit33 on Friday October 03, 2008 @04:15AM (#322544)

That was done in Canada. The second one (done in the US) says:

"Another study of M.B.A. students by Stanford economist Paul Oyer to be published in the Journal of Finance, found that having the bad luck of graduating during a bear market could slash lifetime earnings. Oyer estimated that during a bull market, someone who gets an investment banking job upon graduation earned an additional $1.5 million to $5 million throughout their lives when compared to someone who graduated during a bear market. This was in the 1990's, so it's likely to be even higher now. "

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Re:Grad School Enrollment vs. Unemployment Rate by sethg on Friday October 03, 2008 @08:31AM (#322616)

I don't see how this can be generalized to workers in general; investment banking is hardly a typical job.

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