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During the recession more and more students opted to continue their education rather than taking their chances in the working world. Most companies expect applicants to have at least a Bachelor’s degree, and the fact remains that the more educated you are, the higher your earning potential. Speaking to the Wall Street Journal Brent Eastwood of Albuquerque explained how he became an expert in domestic and homeland security after receiving his doctorate in political science.  

Dr. Eastwood was immersed in the academic life at George Mason University; he was published several times and wrote a book entitled “Solutions for a 21st Century Economy.” However, Dr. Eastwood soon itched to do more, moving away from academics and into entrepreneurship. He established a political research firm and discovered his niche. The Wall Street Journal explains: “Dr. Eastwood has made a transition we don’t hear too much about — going from a career in academia to one in business — and the two worlds couldn’t be more different.”

It is becoming increasingly common for people to reevaluate their careers and switch, at any stage of their life. Careers like nursing and teaching are gaining popularity as people begin to realize their potential, benefits and longevity.

The Wall Street Journal cites several reasons for Dr. Eastwood’s shift. The first, academic can sometimes seem like a small pond, with limited resources, while in the business world, novel ideas are often rewarded more substantially. The second reason is financial, the Journal states; “people with doctorates and other advanced degrees can earn tens of thousands of dollars more by making the leap.”

However the article does continue on a more cautious note. Having a Ph.D does not mean that you will instantly find a job equal or more than your academic position. Education and an academic record will benefit your job search but many industries like finance are still experiences recession fallout and may want to hire those with experience. Dr. Eastwood suggests pacing yourself and resist spreading yourself too thin.

However, remember there it’s never too late to pursue something that interests you, or you find more rewarding. If you’re considering a change of career be sure to research it thoroughly and ensure you are in a position to do so.