Higher learning in a recession
I am planning to pursue further studies in September, but wonder if this is the right decision because of the global recession. Please advise.
IN a global recession, some people find themselves unemployed as organisations try to stave off bankruptcy, resulting in availability of a large pool of candidates for a declining number of jobs.
It means therefore that if you are in a job you may not want to leave it to pursue further studies. However, there are ways of pursuing further studies while keeping your job. These include part-time and day release programmes, as well as e-learning options.
Also, keep in mind that you could choose not to pursue further studies but still be made redundant from your job. Further studies will give you more opportunities for accessing the world of work during this very competitive time. It could also allow you the opportunity to develop skills and competencies which will help you to better cope with your present job, resulting in improved job security. You will also get the chance to network with those pursuing your course of study.
If you are completing secondary school, then what are your options? You could consider trying to access the job market and gain some work experience. But how easy would that be? You would not want to stay at home without being gainfully occupied.
Meanwhile, whatever your situation, you must ensure that you have adequate funds to pursue your studies as part-time job opportunities, bursaries and scholarships might be limited during the recession. If you attempt to do further studies instead of working, you would be preparing yourself to be work-ready and competitive when this recession ends.
If it is that you are completing your first degree and considering graduate studies, consider whether you are truly ready for the prospect. Can you find the required financing? Are you sure of the area you want to pursue at the graduate level? Do you want to do studies on a part-time basis while also working part-time?
In a global recession you must be prepared to be flexible regarding the options which may become available in order to progress and survive in a challenging job market. There are more people seeking to further their studies and to become entrepreneurs. This is due to the fact that a recession forces an increased number of people to find job opportunities globally, with the result that higher qualifications become a necessity.
Be prepared to do research on the market and make decisions in keeping with the prevailing conditions.
Pursuing further studies in a global recession could be beneficial. However, you should ensure that you take into consideration all the factors surrounding pursuing further studies in order to be prepared. You should study carefully the external environment and utilise the opportunities available for assistance.
Merrit Henry is the student services and development manager at the University of the West Indies, Mona. She may be contacted at merrit.henry@uwimona.edu.jm