Saturday, September 19, 2009

Is it Worth it to Go To Grad School?

Is it worth the money spent on tuition to get a graduate degree?

First, calculate how much it will cost to attend the program of your choice. For example, the BSN-MSN program at USF will cost approximately $30,000 in tuition.



Then, calculate the difference between your current salary and the salary that you would make as a nurse with a Master's degree. How does that difference compare with the cost of your tuition investment?

For example, monster.com lists starting salary for RNs with master's degree as $10,000 above starting salaries for RNs with Bachelor's degrees. In this scenario, a $30,000 investment in tuition would pay for itself in 3 years.

In addition USF's post-licensure programs in Nursing are designed for working professionals so you don't have to calculate lost wages as part of the equation -- you can continue to work full time.

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