Thursday, September 22, 2011

Master's Degree: Good or Bad

Many of those who graduated this year or are going to graduate next year will have a question: Whether to go for job or for higher studies? In most of the cases it depends on your interest. But sometimes you need to consider other factors also especially now, as we are be entering another recession.

The first thing you need to think on is that, can you afford it. If yes, then you don’t have any problem. But if you cant, you still for financing options. You can go for loans. But before applying for loan you have to think on many things like interest rates, time duration etc. You can read about student loans in other posts in this site.
Secondly, you have to think whether the degree is worth the money and time you put in it. Some people think that they can get a high salary job with an extra ( or master’s degree). On the other hand others think that they can get experience and promotions in 2 or 3 years in which others complete their degree. Check payscale site to get a clear idea about whether the degree is worth it or not. If you are still confused, ask me.

Each and every career is different. The decision also depends on the career you are in. Some careers require more experience and some require more knowledge. Some requires combination of both.

My suggestion is to go for distance education or online studies, which helps you in getting experience as well as degree. It is cheaper than regular degree.

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