Enter the workforce? Or, stay in school to pursue a higher degree? It is a classic dilemma budging many fresh graduates.
With an array of factors to consider and an increasingly competitive labor market in a downward spiralling economy, making the correct choice is a daunting task indeed.
But, all is not lost if you do some soul-searching and seriously consider your needs and options. You do not want to make a choice you would regret later in life.
Pros & Cons: Step’ Out
Competition
Think. Do you have a distinct advantage that will help you stay ahead of the competition? Keep in mind you will be competing with tons of similar Others.
Lower pay
Be prepared to accept lower pay as compared to your counterparts if your paper qualifications aren’t exactly striking
Poorer prospects
Promotions will come slower, especially in specialized elitest fields such as senior positions in the civil service. But if you have strong co-cirrcular records or an advantage in other fields, or a great attitude & personality, you can consider joining the workforce earlier.
Getting a Headstart
In other fields such as engineering & marketing , practical experience is more highly valued than paper qualifications. It really depends on the industry.
A Good fit
Starting early affords you more time to gauge if you are in the right industry and more importantly, doing work that you are passionate about. It offers you more time to make a career switch midway.
Prons & Cons: Boosting that qualification
Lack of relevant working experience
A deficiency in practical knowledge may set you back, making you less valuable than the candidate who has gained some working experience. Go for internships. Certain MBA programmes require candidates with at least 3 years of working experience.
Commitment
Academic excellence requires focus, passion, time and money. Lacking in one of these may result in a sub-standard qualification.
Higher starting salary
Master’s degree holders can expect to draw a higher salary in recognition of their advanced qualifications.
Academic value
If you’re bent on academia and R&D, a recognized master’s degree will you a leg up. It may also give you greater leverage when applying for jobs.
Whatever your decision, it is a highly personal one so avoid being influenced by friends in the process. Regardless of your choice, stick to it once you mind is made up.
