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I always tell the story of a January afternoon in 2005, sitting around a table at the Queen’s Pub in Kingston, Ontario with a group of fellow Arts students.
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We were all in our fourth year and not a single one of us knew what we’d be doing after graduation.
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The following September, every single one of us ended up back in school.
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In my case, I ended up in London, England at the London School of Economics earning myself a Masters degree.
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It was an awesome experience: I met people from all over the world, got to live in London (!!), and became enormously infatuated with British culture (I still like to watch Corrie in the evenings).
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As for the education, that was great too. But when you look at where my career is today (TalentEgg), the value wasn’t in the education in Economic History I received, but in:
·     The life experience – having the opportunity to study with people from around the world and immerse myself in a different culture.
·     The brand – going to grad school definitely affects your personal brand. Even further, the school you choose and the subject you take affect your personal brand (not always in a good way!).
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So for me, grad school was valuable, but not in the way most people would imagine.
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Here’s the problem:
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Now that we’re in recession-time, more students than ever are considering grad school as the safe alternative to diving into the workplace.
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Based on my experience, I wholeheartedly disagree with this strategy. Grad school is valuable if you know what you want to do, and if your grad school degree will directly help you get there. This, however, is very unlikely if you are going to grad school to study subjects like English, Politics, or Economic History.
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I’m not the only one who’s had this experience. In ‘The Worst best Criticism’, Sarah Lasch explains how her MA overqualified her for most of the jobs she applied for. Penelope Trunk also thinks that dodging the recession with grad school is a bad idea.
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So, what should you do when you’re done school but not ready to enter the workforce?
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Consider volunteering and unpaid internships.
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And before you potential grad-schoolers say ‘I can’t afford to volunteer’, think about it this way – By volunteering you’re gaining skills, experience, and connections.
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After completing unpaid work experience (volunteering!) you can move into your first paying job with real-life experience under your belt, and real-life examples of how your work contributed to the success of an organization. Â
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You’ll walk into your first interviews with confidence and great stories to tell. You’ll be able to convincingly sell potential employers on how your background – your life experience – makes you the perfect candidate for the job.
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In this scenario, it is easy to see how volunteering at least as good an investment as grad school is!
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The bottom line: When you’re considering your options for graduation or even in unemployment, consider this: Just as grad school can be considered an investment in increasing your human capital through education, volunteering should be considered an investment in increasing your human capital through real-life experience.
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Volunteer and intern success stories:
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Adam Weitner talks about volunteering today as a way to build a successful business in the future.
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Cassandra Jowett talks about how volunteering landed her the most amazing job ever (working at TalentEgg :-p)
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