I'm trying to work out a cost-benefit analysis for going back to school. I've already completed an undergrad and graduate degree, but am thinking of going back for more. For those who do a lot of hiring, at what point does a candidate's education level become less relevant in your decision to hire or promote someone? Are there diminishing returns on formal education when it comes to career advancement? At what point does number of years of experience trump additional education?
First of all from the responses I have read, none of them asked what you are trying to major in. Most majors that do not have a strong mathematical/Science foundation are worthless to spend any money on. Things like hyphenated american studies, women studies, philosophy, history, psychology, sociology, and etc. are not worth the money. For degrees that are stem related, they will have a long term benefit. I would stay away from environmental engineering, biology, and anthropology because they appear to fulfill the stem requirement, but for career prospects they are horrible. The other majors I listed are what people call BS degrees.
People forget the traditional purpose of college; it was to further one's education. There was a reason why colleges used to only be for the wealthy; they had more time than anyone else. Also back then it was more about enlightenment, not the employment mantra that has taken over today's education system. For example, there was a time when people could just take the CPA exam without all the 4 year degree BS.