Masters Advice urgently needed

[rampa001]

Hi All ,

I'm an electronics engineer by profession with around 8 years of work experience. My take home pay is around 6K plus per month. Recently I got two offers from a Leading university in asia to study Master of global operations & Engineering Management full time. The course costs respectively (tuition only) are $34K & $20K. My main idea of taking masters is for a career change into becoming more of an analyst ,business development or operations management (manufacturing for example) kind of role. I'm now in a dilemma as to which course to choose & which would be a more financially feasible option considering it's a career change & will I need to take a big pay cut as a post graduate... Any advice is much appreciated.

Originally Posted by rampa001

Hi All ,

I'm an electronics engineer by profession with around 8 years of work experience. My take home pay is around 6K plus per month. Recently I got two offers from a Leading university in asia to study Master of global operations & Engineering Management full time. The course costs respectively (tuition only) are $34K & $20K. My main idea of taking masters is for a career change into becoming more of an analyst ,business development or operations management (manufacturing for example) kind of role. I'm now in a dilemma as to which course to choose & which would be a more financially feasible option considering it's a career change & will I need to take a big pay cut as a post graduate... Any advice is much appreciated.

your current pay isn't very bad. have you considered moving up in your company or getting a bigger role in another company?

personally i would consider the following factors i were to go back to school full-time:

- current pay. is it good? will i get more if i get more paper qualifications.

- current industry. is it a sunset industry. what are the upsides? will getting additional qualification help in this current industry.

- hopping to a different industry. is this a lucrative industry? is the new degree going to help me get into the new industry?

most real-life examples i have come across are people taking financial-related degree courses in a bid to get into the lucrative banking and finance sector. some are successful, some aren't. your mileage may vary, of course.

[rampa001]

Originally Posted by Unregistered

your current pay isn't very bad. have you considered moving up in your company or getting a bigger role in another company?

personally i would consider the following factors i were to go back to school full-time:

- current pay. is it good? will i get more if i get more paper qualifications.

- current industry. is it a sunset industry. what are the upsides? will getting additional qualification help in this current industry.

- hopping to a different industry. is this a lucrative industry? is the new degree going to help me get into the new industry?

most real-life examples i have come across are people taking financial-related degree courses in a bid to get into the lucrative banking and finance sector. some are successful, some aren't. your mileage may vary, of course.

Thanks for the advise.... , actually there are bigger roles I could aim for but it doesn't really make much sense to me , from what i see , I might grow till about 7K-8K per month where i have little transferable skills (soft skills specially) work long hours under a lot of competition & cheap labour in the market for engineering.

My current industry is the semicon industry , its not really a sunshine industry. Wave after wave of cost-cutting going on.

My idea of doing this masters is to get into the fields of finance or at least into business development , operations kind of role where i will build transferable skills across the board , where I will have a lot of options open in the future when compared to a niche engineering role where most people are paid low.

my concern is how low would i have to start and what kind of a salary range to expect after graduation considering I'm a purely engineering guy with a new masters in operations management ?? (forgetting for a moment the masters in engineering management )

Are you working in Global Foundry or Micron ?

[wahkao]

grab MBA would be idea.
you can do sales engineer role