Here on PARSE a couple months ago, Skye asked "Do We Still Need Seminaries?" He described how on one hand enrollment in seminaries is dropping and on the other many of his peers are not formally trained in the classic (and helpful/necessary) preacher's tool kit of Greek, Hebrew, Exegesis, Preaching, etc. But the decline of traditional pastoral education presents us with an opportunity to re-examine why we go to seminary in the first place.
I did a graduate program in theology myself. I've benefited from it as a lay leader and engaged Christian. But I'm also troubled by the feeling that, if the truth we told, we go to seminary to become professional Christians.
A normal scenario includes a young person realizing (at about 14 or 15) that serving God is best done in formal ministry. They are zealous and become a leader in youth group, organize bible studies, play in the worship band, etc. When high school ends, our budding servant of God goes to a Bible or Christian Liberal Arts school. They attend seminary after that, then begin casting about for professional ministry jobs, likely working with a youth group. (Youth ministry is usually code for "Entry Level Pastor".)
I know personally that this model is both common and terrible. I was that kid.
I was (to paraphrase Paul's famous Phil. 3 pedigree) a future leader of future leaders.
"Raised without television, home schooled, in church attendance perfect, in ministry participation a pastor's kid, in education a BA in Church History and a Master's in Theology."
If I had ended up where I thought I'd be, I'd be wrapping up a Master's of Divinity at the University of Chicago this year. But the Lord ...