Choosing academia during an economic downturn surprisingly has certain positive impacts
Recession is perhaps the best time to enrol in higher education as the labour market and economy face a slump and students are expected to land higher-paying jobs by the team they come out of recession with complete degrees. The challenge lies in working one’s way through the trying times.
Students have a fair chance of preparing themselves for a brighter future through the recession and here is how.
Weighing Five-year Goals
Thinking long-term, the focus should be on evaluating professional goals and how one wants to leverage their education. For those who are hoping to change industries and branch off to a new field, a recession might be an opportune moment to sign up for online courses or professional certifications. Looking into previous experience and achievements would help in filtering the options.
Simultaneously, one would be able to review if they already possess the relevant skills and whether they should pursue a different – more relevant, course.
Conducting Market Research before Enrolment
Since not every online course could assure a brighter future, prior research to confirm the worth of a degree is imperative. This is where the merit of information interviews in one’s relevant field becomes evident. Each course requires passion, time and energy, and, therefore, its potential must be ascertained before any kind of investment.
Putting in More Efforts for Grades
Labour market has the most promising outcomes for students graduating during a recession with flying colours. Although a bad economy is bound to be negative on a student’s attitude and beliefs, it propels them towards a promising future. Skill development through various-- including unpaid internship, which allows for hands-on experience is certainly an inventive idea.
Use Student ID to Save
Applying for an ID card or downloading it from online portals could save money in chunks and avail resources free of cost or at a discounted rate—be it travelling, accessing the library, and opting for accommodation. Using a student’s ID means a great foray into fields without splurging. Students who are inept at budgeting could especially benefit from an ID.
Rummaging the Internet for Freelancing
Like the cherry on top, freelancing would not merely furnish relevant skills but supply income. Freelancing is an amazing way to leverage the most amidst shoddy economic progress. Also, during a recession, organisations are most likely to offer designations on a temporary basis and at a reduced cost which explains the relative boom in freelancing positions during this time.
