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While there is a general consensus that taking a master’s degree in Singapore today may be beneficial in many respects from brighter employment prospects to enhanced cognitive abilities, the true value may be less evident. .A master’s degree isn’t cheap, but there are many ways to find financial help Some might even resort to getting a loan from a moneylender.
Truth be told, evaluating a financial and temporal investment in a master’s degree should be as rigorous, if not more, than an investment in a financial asset. Just like ploughing through a heap of annual reports to pick the best stocks, specifically the most undervalued stocks, selecting the most ideal master’s degree course should spare no less effort.
Contrary to popular belief that it is difficult, if not impossible, to quantify the net monetary gain/loss from pursuing a master’s degree, the diagram below illustrates a rudimentary step-by-step decision-making guide for studious graduates striving to further develop their intellect.
First, explore the roles that are in demand in the job market. Then, answer the next 2 questions. If both answers are “yes”, proceed to conduct extensive research on the possible range of salary increment. At the end of the evaluation process, it is likely that you would obtain a better idea of the “payback period” which you can then deem a master’s degree as a worthy or unworthy investment.
