Education after job loss

My company downsized a few months ago and I lost my job so I am exploring new opportunities. I would like to return to school to revamp my career path and perhaps create more options for myself in the future. However, I’m wondering if this step will be viewed by potential employers as a safe way to ride out the recession instead of buckling down and looking for a new job.

In a down economy and what seem to be bleak job prospects, returning to school is an appealing option. People site a number of reasons for returning to higher education and creating new opportunities is certainly high on that list. While it does seem that going back to school is an attractive and seemingly “safe” way to ride out scary economic times – and the boom in applications many schools are experiencing attests to that fact – you are correct in examining the appearance of your motives. School is an acceptable way to explain an absence from the work force. However, you might be postponing the inevitable, which is getting a job, and ratcheting up a lot of debt in the process.

Remember that there is a big difference between learning a skill set and immersing yourself in the academic world. If you want to develop in one specific area, it might be a good idea to invest less time and money by finding courses at a vocational or community college, or by enrolling in a professional certification program offered through many colleges and universities.
In the world of academics, you will study broad principles and theories, not technical skills. This will help you develop as a “big picture” thinker and problem solver.

If you have not finished your bachelor’s degree, it makes sense to consider completing this in order to remain competitive. Some jobs in mid and upper-level management might require an advanced degree. The marketplace is crowded with job seekers and educational credentials can certainly help you stand out.

It is wise to know what it is you hope to gain from earning a degree. If you have a solid answer like a career or industry change, or the desire to become more learned for your next job, returning to school is a logical choice and potential employers will benefit from your newly gained educational experience.