Admission to graduate school in economics after 40: is it worth the risk?

Admission to graduate school in economics after 40: is it worth the risk?

Imagine the situation: you are over 40, you have rich life experience and a successful career, but suddenly felt that you want more. You are thinking about going to graduate school in economics. However, doubts arise: is it not too late? Isn’t it easier to follow the path of seeking? What is the real life of graduate students? Let’s figure it out together!

Second breath

In many countries, including Russia, modern society has become more open to people of all ages. Admission to graduate school at 40 + — is not just an opportunity, but a real challenge that could be the beginning of a new page in your life. Scientific research shows that mature students have great motivation and experience, which makes them successful in their studies and scientific activities.

For example, Alena, a 42-year-old financial analyst, decided to go to graduate school. She had 20 years of work in the bank behind her, and she felt that she needed something more. Alena always dreamed of doing scientific research, and, having mastered the topics related to sustainable development, she decided not to put off her dreams. At first she was scared: «What if they don’t accept it? What if I can’t learn? ». However, by sending documents to the university, she felt a surge of strength.

What does the path to graduate school look like?

Admission to graduate school — is a serious step that requires preparation. First you need to deal with the requirements. First you need to choose a university and a program that interests you. In Russia there are many universities that offer graduate school in economics. It is necessary to study their conditions, requirements for candidates, as well as learn about scientific leaders.

• Prepare a statement and the necessary documents.
• Prepare for entrance exams.
• Decide on the topic of the dissertation and the supervisor.

According to an analysis conducted in 2024, about 30% of those entering graduate school — are people over 35 years old. This indicates that mature students have the opportunity not only to learn, but also to contribute to science, using their rich experience.

Advantages and disadvantages

As in any endeavor, there are pros and cons. Consider them in more detail.

• Advantages:Great life experience that can be used in study and research.
  Having an established career, which makes it easier to deal with financial issues.
  Higher motivation and determination compared to young graduate students.
• Disadvantages:The need to combine study with work and personal life.
  Difficulties with adaptation to the educational process, which may differ from the usual work schedule.
  Risks associated with corruption in academia, which are mentioned by many graduate students.

However, Alena was not afraid of difficulties and decided to do so. She carefully prepared for the exams and even found like-minded people among other graduate students. These people have become real support for her on a difficult path.

Search: an alternative or a dead end?

Do not forget about such a form of scientific work as job seekers. This is the way for those who do not want or cannot go through the formal process of graduate school. However, it should be borne in mind that the claim has its pitfalls.

According to statistics, only 10% of applicants successfully defend their dissertations. This is due to the lack of a formal structure of training and support from the scientific adviser. Many job seekers face problems without a clear plan and system in their work.

Research and practical experience

Admission to graduate school opens the door to the world of scientific research. You will learn to develop, conduct and analyze research. It can be not only exciting, but also extremely useful for your career.

Alena, after admission, began working on a project related to the impact of financial technologies on small businesses. She conducted several surveys among business owners and collected data. The results of her research not only helped her in her studies, but also attracted the attention of local entrepreneurs who were interested in her work.

Conclusion: is it worth it to do?

Each case is unique, and the decision to enter graduate school at 40 + years should be made individually. However, if you feel that you are ready for new challenges, the desire to learn and develop can be your main motive. The opportunities provided by graduate school can be not only the beginning of a new career, but also the opening of new horizons.

Do not be afraid to take risks! Admission to graduate school — is not just study, it is a chance to create your future that you really want.