NEED WITH VERY DIFFICULT DECISION!!! 60K Sony job or UT Austin Masters????

Question

I got a job offer for 60K/yr as a logistics analyst in south NJ (Pitman). I had been terminated 6 mos. back from my last consulting job for a tiny company after barely 2 mos, 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 and they finally offerred me 60K for a job. 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 . On the other hand the salary is 60K. WHich would be better in the long run? PLEASE HELP AS I CANNOT MAKE UP MY MIND

Answer 1

If I were you - I will stick with education and not worry about the job. You can always get a job later, perhaps at a higher salary.

You have a scholarship anyway. So, stay focussed with the task at hand.

One may argue that you can take the job and do MBA part-time. It depends on your personal circumstances, whether you are married with kids, your financial commitments, family circumstances, your obligation to others etc.. In that case, only you can make that decision.

But still, I would say education is important. If you let this go you will regret it later - other good opportunities come and go but you will find yourself at a disadvantage over your competition because you were lacking education in that particular field.

Concentrate. Never lose that focus ever.

Answer 2

Even though it's hard to pass up a $60K job, the educational opportunity you have now may not be there in the future. So you you have to think about what you want to be down the road. Job security is important, but not if it is in a field you find incredibly boring. Do you want the accounting degree because you really have a passion for the field or because you think it will make it easier to get a job? That's the real soul-searching you should be doing. If you've already done that soul-searching and you know the world of finance is calling to you, get the education to get the job you really want. If you are just getting into accounting out of desperation because of your earlier job loss, think very carefully. You've been in the program for a month, so you may have a feel for whether you love this or hate this. If you hate it, do not set yourself up for a life of hating your job. If you love it, finish what you've started. In the end it's not just about money.

Answer 3

Hi! I believe it depends on your priority.
What exactly do you want to achieve in life?
Is learning enrichment more important?
How is your financial status currently? Are you facing any diffidulties?
Are there any part-time course that you can take if you have taken up this job offer? And do you have the perservance to strive and work and study at the same time?

Frankly speaking, how long will be this masters course?
And how long is the job offer given?

I believe that you have the answer already.
If not, you can do try to write out the good and bad points about both the above options. I feel that by listing out these factors, reasons that support each option u are facing. I think you may be able to have a better understanding of yourself.

Sorry about it! I appear to have throw back more questions for you!
Hope that you are able to consider these questions and come out with a choice that you will not regret.

Wish you all the best!

Answer 4

If I were in a Master's program on a loan, I'd probably get a job to fill my bank account first. But you're on a substantial scholarship now in a good uni now. That's probably harder to get than a good job such as this Sony offer. In a way, it's like a boost saver. I figure you'll have smaller chance to get this kind of help if you think about going back to school in the future.

My hunch is that you'd probably get better offers after you graduate with a master's with scholarship from a reputable school. In the long run, you staying in the program may pay off with a better job afterward.

Usually profs in grad schools have substantial connections with businesses. This may even give you a kick to boost your job search later on if you get actively involved with their projects. This is not a guarantee but still a good possibility that cover both ends of your question.

Answer 5

Stay in School. You can write your own ticket with a Masters Degree. Suppose you are laid off with Sony at some point.... you will sure wish you had your degree then, when you are searching for a new job.
The Masters Degree will be there forever, the 60k job may not be...

Answer 6

Only you have the answer in the end. I would base it upon the answers to the following: Is it conceivable to take the job and go to school on the side? (This will depend on your will-power, bills, family situation, etc..) In your field, is it easier to get a job with move-up potential with a degree? (If the 60K job is considered a Low-end in your field, do you have more earning potential with a job?) Are starting jobs in your field few and far between and your lack of experience your only deficit in getting hired? So more information might help us help you.

Answer 7

Would you be happy making 60k a year? Or would you be happy making 120k a year? Stick with getting your masters in accounting, your hard work will PAY off in the long run.

Answer 8

You are already in the program, stick with it. If you can get a 60k job right now without the degree, imagine when you get the degree how much you'll get. Stay in school.

Answer 9

Continue with the Masters program. You should find yourself with several offers upon graduation. Besides, every accountant I know makes over 100K a year. Good luck.

Answer 10

you have to think it for yourself.

first, you have to weigh in the pros and cons. think of the pros when you study and the other things you're going to put down when you take this decision.

for me, i'd take the job, who knows if the offer will come back again. but that's me.

does having a masters degree in accounting will help you more? then go ahead take it,

or you can do both. if you can.