Which would you take and why; a 60K job or a Masters degree?

I got a job offer for 60K/yr as a logistics analyst in south NJ. I had been laid off 6 mos. back, but after looking for work for a while I kinda gave up and got myself admitted into the Masters in Accounting program at UT Austin. Now after 1 month into my new program one of the companies I had interviewed 40 days back finally offerre me 60K for a job. I really like Austin and and doing OK in the accounting program. I feel that if I was in a finance/ accounting to begin with I wouldnt have to wait for so long to get another job. SO what do you all think...should I continue in the accounting masters or take up the job? I have substantial scholarships for the MAcc program plus its Austin, so thats a big draw. On the other hand the salary is 60K. WHich would be better in the long run?

Asked By: force_ten_from_navarone - 8/17/2006
Best Answer - Chosen by Asker
If you can afford it, stay with the masters program. The $ potential for a UT masters in accounting is more than $60K - and you stand the chance of having several offers to consider when you reach the end of the program because UT is renown for its outplacement strength... More
Answered By: Tim B - 8/17/2006
Additional Answers (10)
Do what you love to do, and the money will follow. Next to sleeping, you'll spend most of your life working, and so you'd better enjoy it, because this is the only life we get.
Answered By: Steve - 8/17/2006
Both, take the job and finish your masters program at night. If you loose the scholarship see if the new company will pay for the schooling. At least ask the new company what they will do to help you out. Remember they decided to hire you.
Answered By: OT - 8/17/2006
Why can't you do both? Can't you work full-time and go to school in the evening. I know alot of people that do this. Then think about it this way that is alot of money but once out of this program can you make that much money working in your field od study? I would do kind of like a pros and cons senario with this... More
Answered By: Princess G - 8/17/2006
Go with the 60K if you really need the money now. I'm all for education because it is a necessity to thrive in the world today, but I also know some people who have bachelor's degrees and/or master's degrees who aren't successful in the workforce. A bird in the hand is worth 2 in the bush. If this is a great job... More
Answered By: intentionalmasterpiece - 8/17/2006
I struggled through school and eventually earned a Bachelors Degree for Elementary Education. Sounded like a great idea at the time but where I live there are about a thousand applicants per opening. So I'm jobless. The jobs I've been offered are for aides and TA's don't even need an associates degree... More
Answered By: ratrafhcd - 8/17/2006
My opinion would be to stay in the Master's program, however ultimately it boils down to your ambition. Where does your heart lie? Would you rather make a little less working in Logisitics or possibly more in Finance? What work intrigues you the most? In my opinion, Finance is a strong degree to have. I've worked in... More
Answered By: Nessa :) - 8/17/2006
It is possible to lose a job no matter how much it pays. Once you have your degree it's always yours. I say if you aren't extremely unhappy go for the degree. Then again what kind of benefits come along with that 60k? (You're right that's a tough decision! Good luck!)
Answered By: Jen J - 8/17/2006
Find a way to do both if you can, but make the Masters your first priority. $60K is nothing; with a Masters in Accounting you will easily make at least twice that. Or more.
Answered By: jackmack65 - 8/17/2006
In the long run, having the CPA license will allow you to always have a job, and will be a big help if your goal is to move up through management... More
Answered By: chirnch - 8/17/2006
Knowing which decision a stranger would make is of no help to you. You've been tempted to give up your educational goals and you're momentarily conflicted. Focusing on your long-term goals might help. Best of luck.
Answered By: - 8/17/2006
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