<p>Graduating with a Bachelors in Economics(through the college of business) in a month and I'm freaking out. </p>
<p>With the economy being the way it is and living in a city that's been hit quite hard with unemployment the last few years, I will be graduating with no savings. My focus had been more concentrated on getting a decent job to start working my way out of 40k+ debt I've gotten myself into in school loans. Although now, I fear that my chances of making that a reality are pretty bleak, seeing as how the industries that I would want to go into simply aren't hiring. Entry level anyways. On top of considering I would need to make enough to be able to afford to live(relocating to some big city and dealing with their inflated cost of living), on top of monthly loan payments, it just doesn't logically look like it will work out.</p>
<p>I really don't want to have to move back with my parents, but this may end up being my only option. The job situation up there isn't a whole lot better and I'll probably just end up delivering pizza or something to make money, instead of gaining useful experience. Something else I worry could hurt my chances of getting a good job later on.</p>
<p>So, is it possible to get into a decent grad school this late in the game? Which schools? What programs can I go into with a Econ degree, other than econ? Just looking at all options... What opportunities would be available once I graduate with ______?</p>
<p>Any help is greatly appreciated!!!</p>
<p>in general, if you’re applying to grad school to avoid entering the regular working world, that is the wrong reason to go to grad school. some good programs have rolling admissions, which would allow you to apply now-ish and start in january, but you’re out of luck for any fall admissions programs to decent schools.</p>
<p>do you want a masters degree? those usually aren’t funded (although there are some exceptions), so you’ll be taking on more debt. especially if you apply to a masters program that has rolling admissions, chances are they’ve already allocated what little funding they do have to other students. this is in the humanities/social sciences end of economics. if you’re looking at a business degree like an MBA, i don’t know if you’re too late to apply, but i know that they generally do not provide any funding at all, so you’ll be increasing your debt for sure.</p>
<p>don’t get scared because the economy is in the ****ter. you may not find a job related to your field that contributes to your career aspirations (what are those, by the way?), but that doesn’t mean you’ll be delivering pizza either. you might not find a job for 3 or 4 years in a field you like, but you’re what? 21? 22? that’s fine.</p>
<p>this late in the game, you’ll also have a hard time getting decent letters of recommendation from your professors, because they’ll clearly see this is a last minute decision on your part.</p>
<p>just… go out and keep looking for career-track jobs, but also start hunting for “at least this pays the bills” jobs. i think you’re a little too late to hide in grad school this year.</p>
<p>Put your student loans in forbearance if you need to. They still accumulate interest but that is something that can be dealt with later. Strangelight is right that going to grad school to avoid applying for jobs is a losing philosophy. Look into various job programs if you are not having luck applying for jobs the old fashioned way…Americorps, Teach for America etc. Alternatively, apply for internships that might be more relevant to your interests. Recent graduates weren’t getting jobs in their fields right away when the economy was excellent, so I don’t know why you think it would be better now. Best of luck.</p>
<p>Bad idea. Just stick it out in the market. Living with your parents isn’t the end of the world. I know some friends who did it and put up with it for at least 6 months. They were fine with it because they got to have some savings in thier accounts to move on to the next phase of their lives. You’d get free rent and food (or at least close to it). Look at it this way, rent usually does take up about 1/3 of your total income so if you can save 1/3 of it, that’s all savings!</p>
<p>Don’t go to grad school unless you have a concentrate focus on what you want to get out of it… after all, you do already have some debt on you… do you want to put in another $40 in loans? Me? I’m trying to get out of this ASAP to avoid more loans even though I love what I’m doing.</p>
<p>You’re not the only one who’s freaking out out there with the economy, seriously. There are another million seniors as well.</p>