This year’s job market has been bleak, to say the least. Layoffs hit the highest level in 14 years; job openings are barely budging; and quits figures are plummeting. It’s no wonder people feel stuck and discouraged—especially as many candidates have been on the job hunt for a year.
But some mid-career professionals are working with the cards they’ve been dealt by going back to school. Many are turning to data analytics, cybersecurity, AI-focused courses, health care, MBA programs, or trade certifications for an “immediate impact on their careers,” Metaintro CEO Lacey Kaelani told Fortune.
But while grad school can certainly offer the opportunity to level-up your career once you’ve completed a program, it comes with financial and personal sacrifices, like time. According to the National Center for Education Statistics, one year of grad school, on average, costs about $43,000 in tuition. That’s nearly 70% of the average salary in the U.S.
I think the best evidence of this, and an accurate predictor of economic recession, is the number of people taking the LSAT.
According to LSAC, the number of test takers is up 19% this year, and applications are up 44.5% over the 4-year average.
The number of legal jobs only increases by ~1% each year.
That post law school glut ain’t getting any better is it