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?
P.S. I was terminated from my last consulting job working for a tiny company after just 2 mos.
2006-08-19 04:06:49 · 16 answers · asked by Anonymous in Education & Reference ➔ Higher Education (University +)
Get your masters!!
60k a year is not a lot to live off of now a days. 60k a year is only 5,000 a month and with gas prices, car insurance, renters insurance, rent, groceries, car maintence, light bill, phone bill, internet bill, cell phone bill, cabel bill,etc.. that 5,000 a month wont go far.
2006-08-19 04:12:26 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Ut Masters In Accounting
2016-12-08 20:17:49 · answer #2 · answered by Anonymous · 0⤊ 0⤋
The big question is: If you finished the Masters in Accounting will you still be receiveing salary offers in the 60K+ range. If the answer is most likely yes, then I say continue with the program. Too much education can never hurt.
However, If you are financially strained by staying in school and will have to take out loans, etc. I say, take the job, and do the schooling at night... if at all possible.
P.S. I'm an Aggie! Thanks and Gig'em!
2006-08-19 04:13:43 · answer #3 · answered by mayyouponderthis 2 · 0⤊ 0⤋
60K may be a lot of money or very little depending on the cost of living in south NJ. It's really not important in the long run. What is important is which one of the options gives you the best long term earning potential and marketability. If the Master's in accounting will improve your career options and your earning potential then that's the way to go. Chances are the Master's is the better option, but make sure your academic focus is marketable.
2006-08-26 23:36:16 · answer #4 · answered by OU812 5 · 0⤊ 0⤋
I'm a graduate of the McCombs School of Business at UT-Austin. UT has one of the most respected accounting programs in the world. You'll have opportunities for much better than 60k when you graduate (not to mention that money will go a lot farther in Texas). The placement % of UT Austin accountants is extremely high. I think you should definitely stick with this program!
2006-08-19 04:16:15 · answer #5 · answered by Billy Bob B 1 · 0⤊ 0⤋
Education is very important, however a masters degree hanging on a wall does not pay very much. My sons friend has a masters degree and applied for a job and was asked "what work experience do you have", he had NONE ! they told him if he even had experience digging a ditch they would hire him him.
Job experience is a great asset. You do not mention your financial situation but I would take the 60K a year job unless of course I was independantly wealthy. Only you know your priorities and you are the only one who can decide what you should do. So do not let others make a mistake for you. Good Luck
2006-08-19 04:23:22 · answer #6 · answered by misterbig356 2 · 0⤊ 0⤋
Wow, that's a really tough question.
I don't know, but if you might be able to accept the position and still take a couple classes a night, you'd be REALLY tired, but HEY, then you'd have BOTH!!!
The other question is how will you manage to afford being a student? If that's already taken care of, you might consider the degree - but, I'm not sure how much an average person with a Master's in Accounting makes (You might check the salary estimator on Monster or something.)
2006-08-19 04:15:30 · answer #7 · answered by tigglys 6 · 0⤊ 0⤋
A masters in accounting from a Texas University???
ummm.... 2+2=4?
2006-08-19 04:14:06 · answer #8 · answered by Anonymous · 0⤊ 0⤋
I believe the Masters from UT is better in the long run. Accounting managers' average salary is higher than 60k a year; they make about 80k-90k.
2006-08-19 04:12:35 · answer #9 · answered by yofatcat1 6 · 0⤊ 0⤋
You are very lucky to get in to UT, I live in Austin as well and I know how hard it is to get in here, 60k is a drop compared to having on your resume that you are a UT graduate, here in Texas employers look highly on someone who has a degree from UT, very highly. Consider yourself very fortunate to be accepted into UT. The hot weather, well that is another story. The people are uppety too, good luck.
2006-08-19 04:14:59 · answer #10 · answered by Jinx 5 · 0⤊ 0⤋