For those of us in our final year, we may be approaching a turning point in our lives where we need to start planning on the next chapter that follows our graduation. Adjusting to life after three or four years of university can be rather difficult especially if you have not planned anything in advance. The most challenging decision that we would be faced with is whether to pursue post graduation or join the workforce.
Post-graduation primarily entails the benefit of wage premium that is offered in the workforce. For instance, coming from a business background I understand employees with a higher qualification in the field of business, finance and sales are paid significantly higher than those with an undergraduate degree. Again, this factor is very specific to the industry that you chose to work in as not all industries offer a higher pay, especially if they value skills and experience over higher qualification. However, Post-graduation can be expensive due to budget constraints, despite the availability of scholarships. An alternative would be to opt for professional certification programmes that tackle the specific area of knowledge and equip you with enhanced skills.
Joining the workforce after graduation leads to the development of professional skills and experience at an early point in our lives. This gives a kick-start to the corporate journey and provides a competitive advantage. Moreover, most universities require at least 2-3 years of work experience for post graduate applicants. For instance, MBA programmes highly value several years or work experience as it facilitates their understanding of business in a practical manner. It must be noted that certain occupations require a strong professional background rather than a post graduate foundation. As millennials, we must also understand that the work environment is rapidly changing with new job scopes that demand specialist skills.
There is no wrong in choosing either one of these two options after graduation as both contribute to the enhancement of your professional character. With that said, it is important to bear in mind that everyone has a different journey and their decisions depend on their priorities and long-term goals. So, what are you waiting for? Go ahead and start planning the next chapter! Good Luck!