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Need a bit of advice. I have the opportunity to get a master's in engineering at a pretty decent American college, which would cost me about $100k. My undergrad is in a shit-tier meme science field, so if I go for this I can expect a starting salary of about $80-90k versus $20-30k if I stick with what I have now. Also I think I'd personally enjoy engineering more than science. I also currently have no debt, with savings of about $30-35k. So, I basically have two options:
1) Go for the degree and take the debt.
2) Try to get into a cheaper school, which would take me a year during which I'd save roughly $15-20k from working.
What would be the best option for me, financially-speaking? Can you think of anything else I can try doing?
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>>1845895
Do a what if analysis:
possibility N°1: keep current job and invest 100k in some instrument
possibility N°2: get 100k worth education, account wages lost, account future wages at 80k
possibility worth more in present value is the one you should go for
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>>1845895
Why would it take you a year for a cheaper college? Unless graduate studies admissions is different, I think you should be able to get in by fall semester if you bust your ass. $100k sounds expensive so unless you're an international student, I would look for a cheaper (quality) school. I was able to save about half of my salary per year after graduating making $80k, so it's certainly possible to recoup your losses quickly from paying for tuition and all of that.
A degree from an American university will drastically improve your earning capabilities for life.
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>>1845895
Masters in engineering doesn't help you. A company will think that you could invent the same devices with a Bs as an Ms but now have to pay you more for it.
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>>1845906
Also forgot to mention that I am an international student.
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>>1845910
Application deadlines are flexible if you make a good case and are a decent student. But you'd have to get on it and start contacting universities. Trust me, universities love making extra cash from international students.
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>>1845910
You could just get a bachelors in engineering...
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>>1845936
How will that help over a masters? A lot of the top schools don't let you study there for a second bachelors, and it'll take me 4 years as opposed to 1.5 years tops with the masters.
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>>1845895
prestigious names hold no value in stem degrees, employers know that rigid autism is not unique and mostly don't care, the only time it matters is for soft subjects where 99% of students graduate
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