There are obvious cases where a graduate degree is mandatory; you’re not going to get very far as a doctor or lawyer if you haven’t done the requisite schooling. But what about everyone else? I often get inquiries from executives looking for advice about whether they should go back. Would an MBA, a JD, a doctorate in organizational psychology, or a journalism degree give them that extra edge? Often, the answer is no. There are a lot of things you could do with $100,000, and going to school because you aren’t sure what to do with yourself, or because of received wisdom that an extra degree is always helpful, could be a colossally misguided move.

via Grad School May Not Be the Best Way to Spend $100,000 – Dorie Clark – Harvard Business Review.