facebookHow should a fresh grad save up for an overseas Master's Degree of an estimated $40k (inc. lodging & food)? - Seedly

Bryan Choo

09 Jul 2019

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Career

How should a fresh grad save up for an overseas Master's Degree of an estimated $40k (inc. lodging & food)?

Based on the considerations that the programme is not available in Singapore, has a good name, that the fresh grad is looking for a career in academia, and that first job offers $2.6k take-home salary. Total available sum for saving is $1k (outside of $300/month long-term investment = 20yr), but have to also partition savings money for possibly marriage and getting a home. Saving $400 a month specially for the degree only comes up to <$5k in a year, and <$25k in 5 years.

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Png Cheng Xi Damien

09 Jul 2019

Happy Life Seeker at Home

You already know the answer. It takes so long for you to save up the sum, you have to put down everything after ~8 years (including any bonuses, career progression, life plans) just to do a Master's degree overseas for a few years; and come back to start anew.

How much will the masters give you in terms of employability and value?

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