I have been asked to consider returning to further education to break out of my current vocational malaise. Several of my peers have done precisely that, hoping to capitalise on a future demand for medical services, and an immediate demand to not appear like unemployed bums to their family. I take it as given that people with degrees command better salaries than those who do not. But does this make a very expensive degree worthwhile? We have heard of professional elites who are also skint. Poor doctors, lawyers in hock. How well does a professional degree translate to increased net wealth? There are plenty of internet articles on soul-searching to find the answer. There are not so many on the hard finance of tertiary education. By far the best I have found is the College Risk Report , which compares the value of specific U.S. degrees with that of a high school education and a 2-year generic college course. As comprehensive as it looks, the model has (to me) some weaknesses.
I try to write something smart twice a month.