Degrees to Help Fight a Bad Economy


Going back to school and upgrading your education could help increase your job odds in a shaky economy.

By Charyn Pfeuffer    

Are you looking for a way to stay relevant in this tough economy? Going back to school to earn a degree could help.

And with a variety of flexible education options available - including online, part-time, and night and weekend programs - going back to school to earn a degree is more convenient than ever.

Keep reading to learn about five great degree options to consider pursuing during this down economy...

Degree #1 - Bachelor's in Business Administration

If you're looking to learn a medley of skills that can be applied toward several career fields, a bachelor's degree in business administration could lead to a variety of career options in an unsteady economy.

Click to Find the Right Business Administration Program.

Business administration students typically engage in a well-rounded education that includes courses in accounting, statistics, management, finance, and human resources, among others.
Because of the comprehensive nature of many programs, grads may be prepared to pursue a variety of paths. According to the U.S. Department of Labor, HR, operations, and retail are a few potential paths for business grads.

Degree #2 - Master's in Business Administration (MBA)

If you already have a bachelor's degree, an MBA could help you develop the skills and knowledge you need to move up in your current career, or switch to a new industry.

Click to Find the Right MBA Program.

Career possibilities for MBA grads are plentiful and include accountant, financial planner or credit analyst.

Another positive: According to the U.S. Department of Labor's 2011 Second Quarter Earnings Report, those with an advanced degree, like an MBA, earned approximately 20 percent more on average than their counterparts with only bachelor's degrees.

Degree #3 - Bachelor's in Accounting

If you're interested in business and financial concepts, a bachelor's degree in accounting could be for you. This degree could prepare graduates for careers like accountant or auditor, says the U.S. Department of Labor.

Click to Find the Right Accounting Program.

Studying accounting during these tough times is also a smart option as accounting jobs are booming. The Department of Labor notes that accountants and auditors are expected to see an employment growth of 22 percent from 2008 to 2018.

Degree #4 - Associate's in Paralegal Studies

If you're interested in subjects like criminal justice and law and ethics - and want to pursue a career in the legal field - an associate's degree in paralegal studies could give you the edge you need to compete in the market.

Click to Find the Right Paralegal Program.

This degree is an especially attractive option in this down economy as an associate's degree can take as little as two years, on average, to complete. This means you could be back on the job market faster than you might think.

If you already have a bachelor's in another field, a paralegal certificate is another viable option, and could be completed in just a few months, according to the U.S. Department of Labor.

Degree #5 - Bachelor's in Nursing (BSN)

Are you a registered nurse (RN) looking to strengthen your credentials? Earning a bachelor's degree in nursing (BSN) could broaden your nursing career options and open doors for new opportunities.

Click to Find the Right BSN Program.

This degree is necessary for RNs who want to move into administrative, research, consulting, or teaching positions, says the U.S. Department of Labor. RNs who upgrade their education to a BSN are likely to gain more clinical experience in nonhospital settings, according to the U.S. Department of Labor.

And with the health care industry generating 3.2 million jobs between 2008 and 2018, according to the Department, pursuing a bachelor's in nursing is ideal - especially in this down economy.

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