Is obtaining a second degree a good idea?

Applying to College
1

<p>I recently graduated from a 4 year private university with a Bachelors, having majored in Psychology. I am not interested in continuing my graduate education in this field whatsoever. I have decided to get into business with a concentration in finance. </p>

<p>I can either go back to school as an undergrad again and transfer 90 of my credits and then earn 30 or more credits in whichever college I attend depending on their requirements for both core and major OR I can take a year off and study for the GMAT, try my best to get a decent score and just go straight to grad school.</p>

<p>My dilemma is this: I don't know which option is beneficial for me. Going back to school for a second degree will of course be time and money consuming, but at least I will have a foundation. I will be better equipped in understanding the material in grad school. On the other hand I can save myself a lot of time but then feel overwhelmed in grad school should the classes be difficult. </p>

<p>I am also worried that I may not be smart enough to grasp business concepts. My insecurity stems for two reasons. </p>

<p>1) I took a macroeconomics course in school and wound up withdrawing only 3 weeks after it began. The professor was a jerk who didn't go over the material and spent the majority of time talking about rugby with the male students. Although this type of behavior isn't that uncommon with certain professors I can still manage by reading the material and getting by. But upon reading the book I absolutely couldn't grasp the ideas. Instead of trying to study I gave up and withdrew. I did not want to risk lowering my already high GPA. </p>

<p>and </p>

<p>2) I am not that strong in math and business/ finance has much of it. </p>

<p>I feel if I get a second degree I can prepare myself for what's to come in grad school....</p>

<p>I just don't know what to do...</p>

<p>If anyone has gone through a similar situation or can offer me good advice without being a sarcastic ass it would be greatly appreciated!!!</p>

2

<p>Most schools will not accept you for a second undergradate degree. Business schools also prefer to accept people into their MBA programs who have had some life and business experience. I suggest you look for a job in an area you are interested in. You can take night classes or online classes in those areas you feel weak in while also gaining practical experience and knowledge. It might take awhile, but I think you could probably find some companies that would hire you with your current degree.</p>

3

<p>In addition to what shennie said, federal funding through FAFSA is limited to the first bachelor's degree, and is not an option in funding a second undergrad degree to the best of my knowledge.</p>

<p>You can receive federal aid (loans only) for a Masters. </p>

<p>It may be a major factor in your choice of paths if costs are an issue.</p>

4

<p>The MBA program is your choice. They were designed for this sort of situation.</p>