Many students say there's a big reason to pursue an MBA: return on investment.
Many students say there's a big reason to pursue an MBA: return on investment. - 
Listen To The Story
Marketplace

We would like to believe that our career success is all because of brains and hard work, but economic research tells us that a fair amount of it comes down to accidents of birth and timing. Finishing college at the wrong time, for example, can be costly.

“Graduating in a typical sized recession leads to about a 10 percent earnings decline,” says UCLA economist Till von Wachter. “And that 10 percent decline lasts about 10-15 years.”

But don’t make the mistake of doubting the value of a college degree.

“The negative impact of a recession is generally lower among college grads than among people who do not have that college education,” explains Neeta Fogg, with Drexel University’s Center for Labor Markets and Policy.

So those graduating in coming years shouldn’t get smug if they outperform their older siblings: they might not be smarter than them — they definitely had better timing.

“I think the best compliment I can give is not to say how much your programs have taught me (a ton), but how much Marketplace has motivated me to go out and teach myself.” – Michael in Arlington, VA

As a nonprofit news organization, what matters to us is the same thing that matters to you: being a source for trustworthy, independent news that makes people smarter about business and the economy. So if Marketplace has helped you understand the economy better, make more informed financial decisions or just encouraged you to think differently, we’re asking you to give a little something back.

Become a Marketplace Investor today – in whatever amount is right for you – and keep public service journalism strong. We’re grateful for your support.

Follow Mark Garrison at @GarrisonMark