I'm also a final year student and I'm facing a similar dilemma... I dunno whether I should get a higher degree first or work first...
I'm currently in NUS science. Looking at the market, it seems there is a saturation of BSc holders but a shortage of MSc & PhD holders... (as reflected in TODAY's article "the life sciences conundrum" in Oct 2006). Hence, it's a sensible idea to pursue a MSc or PhD after my graduation.... My prof also encouraged me to go for further study.
But the problem is, I have no idea what to do for my MSc or PhD... In the previous posts, some of you mentioned that in order to do MSc or PhD, you need a direction and an interest in the area of research. But right now I have no direction at all. I'm now doing my FYP, but the topic of my FYP is something that I have no interest in. (I took this project because the projects that I'm interested in were highly competitive and they were already taken in advance.)
If I continue onto MSc or PhD, my research area will definitely not be related to my FYP. I have interest in other areas, but unfortunately I have no exposure in my interested areas. (I only learn the hard facts & theories, but I never have any hands-on experience.) Also, after spending 4 years of NUS, I no longer want to stay in Singapore. I want to pursue my MSc or PhD elsewhere. But, so far I have no idea where to go and what to do. I also consider working first. But, with so many BSc graduates, it's hard to find a decent job. There is a belief that if a BSc holder doesn't go for MSc or PhD, he/she will end up washing test-tubes.
On the other hand, it's a different scenario for engineering. After a rigourous curriculum, B.Eng graduates are highly valued. The starting salaries for B.Eng graduates are high (> $2500+++), so most of my friends in Engin would rather work first. (Some of my engin friends have already received job offers, with starting salaries as high as $2900!!!) In comparison, the scenario for BSc graduates is bleak. They are not as highly valued (and highly paid) as B.Eng graduates, and BSc graduates have to fight ferociously among themselves for jobs or MSc/PhD places in an already over-saturated market.
Recently, I saw an advertisment about an one-year internship program. The internship topic is something that I'm interested in, and the internship has a allowance of $2000 per month. However, my friends are not very supportive of this program. They say that this internship doesn't offer any academic qualifications. They say I should spend the one year to pursue a MSc, or to work and earn more money. But how can I pursue MSc of PhD if I don't have a direction and interest? I'm already suffering for my FYP and it's scary to go through all that again for MSc or PhD... And how can I find work in such a competitive market?
I'm graduating in half a year's time, and I'm already feeling worried & confused...
