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I have many chinese friends and many of them are pursuing Master's degrees - because a bachelor's degree just isn't enough help towards getting a good job. It seems for many of them to solution of diminishing advantage of education is simply even more education.

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Given the poor education that most Chinese graduate school provided, it is really a big waste-of-life for many young guys pursuing it.

The good thing is that it only cost two years to get a master degree now. 10 years ago, I spent 3 years for it. I wish I had the courage to quit it that time.

A Master's degree also helps fulfill certain visa requirements if you want to pursue a career outside of China.

as so goes the global economy.

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