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Anonymous

04 Sep 2023

Adulting

Should I resign from my full-time job to go and study full time?

Hi all, I am 27M, currently working full-time and am a shift worker. 4 years in the workforce and managed to save up 20k+ in emergency funds and have insurance coverage. I have been thinking whether I should resign from my job and enrol into full-time studies or not. I like engineering and the industry I am working in and would like to go further and advance in my career. Any advice if I should? Thanks!

Discussion (16)

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Chin Guo Qiang (ITIL4 / CSPO / CSM)

02 Nov 2023

Assistant Vice President, IT Operations at Bank of China Limited

If time and arrangements permit, can try out for short courses while you are at work, it will be a win-win situation for your case.

Full-time studies can be costly for certain courses so it should not be taken lightly for the context, especially on monthly expenses during your course of study (which can be a few years).

If that's what you like and want, then go for it. if full time, you can consider other jobs on the weekends... and you can also consider PT, though it will be tougher and more tiring.

Im also 27yo, working for 4+ years, saved up about the same amount and am doing ft work and degree too!

Definitely go get it! If possible, go for pt night degree, else see if you can find a way to finance the ft degree. If not now, when?

Ngooi Zhi Cheng

Edited 15 Sep 2023

Student Ambassador 2020/21 at Seedly

Your decision to resign from your full-time job to pursue full-time studies is a significant one and should be carefully considered. Here are some factors to think about:

  1. Career Goals: Consider your long-term career goals. Will further studies significantly enhance your career prospects and earning potential in the engineering industry? Research the job market and demand for professionals with advanced qualifications in your field.
  2. Financial Stability: Review your financial situation thoroughly. Having emergency funds and insurance coverage is a good start, but ensure you have a financial plan in place to cover tuition fees, living expenses, and any potential unexpected costs while studying full time.
  3. Part-Time Study Options: Explore if there are part-time or online study options available that would allow you to work while advancing your education. This can be a more gradual transition that maintains your income.
  4. Industry Feedback: Seek advice from professionals in your industry, mentors, or career counselors. They can provide insights into whether further studies are necessary for career advancement in your specific field.
  5. Employer Support: Check with your current employer if they offer any support or flexible work arrangements for employees pursuing further education. Some companies provide tuition assistance or allow employees to study part-time while working.
  6. Passion and Commitment: Ensure you are genuinely passionate about the engineering field and committed to the demands of full-time studies. It's essential to be motivated and dedicated throughout your academic journey.
  7. Networking: Consider the networking opportunities that full-time studies may offer. Building connections in your industry can be valuable for future career growth.

Ultimately, the decision should align with your career aspirations, financial readiness, and personal circumstances. It may be helpful to create a detailed plan that outlines how you will manage your finances, study commitments, and career goals during this transition. Consulting with a career advisor or financial planner can also provide you with tailored guidance based on your specific situation.

I am currently a Financial Advisor as well, so feel free to reach out to me on IG (@ngooooied) if you have any further questions!

Go for it, if you are a local and taking your first time degree, there are lots of bond free scholar...

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