I got a degree from Roosevelt University and Devry and 65,000 in federal student loans. What is next?

Question

I have notice that my degrees do not give me any traction in the job market. I thought obtaining theses degrees as well as my experience would yield me a great job. But now I am seeing that don't having business degrees from top tier schools do not go anywhere. My question is should I get another degree from another institution,(mindful that I already have 65,000 in student loans to repay)? I just do not know what to do. Could some please out there give me some advice?

I do currently have a Job at Bank of America, but I guess it is not my dream job

I got my undergraduate degree at Roosevelt University in Finance, and my MBA from Devry

Answer 1

DeVry may not help you, but if you have a business degree from Roosevelt, you certainly should be able to find a job. My guess is that either you are approaching the search wrong, or there is something about you that isn't coming across well. I teach business, and I haven't run into a student recently who couldn't find a job - and I'm not teaching at a top-tier school either. Are you getting interviews? Or are you sending out resumes and getting nowhere? Are you showing enthusiasm in your interviews? It is hard to guess what your issues might be from a distance.

I wouldn't go for another degree until you figure this out. You might be able to use another degree down the road, but don't make your debt situation even worse unless you really KNOW that it is your lack of education that is the problem.

Answer 2

Your degree from Devry is going to limit you. Was that an undergraduate, or a graduate degree? And in what field? If it's a grad degree, that's worse. Enough employers actively dislike Devry, and refuse to hire its graduates, that I don't usually feel comfortable recommending that school except in very narrow circumstances.

Roosevelt U isn't exactly a strong school, but it's not a polarizing school like Devry is. What degree did you get there?

Depending on what degrees you got where, you're going to need to lead your job search with your experience, rather than your education. You'll also need to seek out employers who don't care that you went to Devry, but who simply care that you have a degree. And there are plenty of those.

I would not have you take on any more education debt right now. I'd rather you get a job in your field - a professional job that's appropriate for your level of experience, and which offers opportunities for growth. That may mean that you need to expand your job hunt a bit. For example, if you're an engineer, but finding jobs in your exact desired field is difficult because you went to Devry, then expand from that and look at jobs as a field service engineer, or in a manufacturing plant as a group leader, or in a hospital servicing medical devices, etc. Jobs that do use your knowledge and experience, and which offer a possible future. Jobs that do require a degree, but which, at least for some employers, the hiring managers aren't as obsessive about the accreditation status or reputation of your program.

Use the career services offices at your old schools. Let them hook you up with job listings that have been sent to their schools, and employers that have hired their graduates in the past. As an alumnus, you have this right.

Answer 3

Defer your loans for a little while and take some time to decide what to do. If you're not sure if you really like your career choice or like the idea of working in business, take some time and think about what you love. Believe me I have about $70K and have a MA in Education. I have followed a path that has lead me to the technology side of distance education, now I am working on a PHD in the side of the field I really like. Even though I could have done this during my MA, I didn't realize this is what I wanted to do until I began working. Even if it's just a part time job, start doing something in your field, and then specialize.

Answer 4

Stop the debt first. Don't make the whole any bigger, unless more schooling is the only way you'll be able to get a decent-paying job.

Also, take a job that forgives loans. Once you eliminate your debt, then you can go back to school if you want.

Answer 5

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