You've seen the jobs picture; probably better to roll the device in a year or two, all else being equal. That said, we don't know what kind of career or kind o

You've seen the jobs picture; probably better to roll the device in a year or two, all else being equal. That said, we don't know what kind of career or kind of degree you've been preparing for. Going for an M.A. in oh, say, History, probably you should seek the job only because you will not see much of a return on the degree. If it's an M.S./Ph.D in a STEM discipline, you open some doors and you shut a couple (I know of a few instances where a Ph.D. will not get you hired but a B.S./M.S. will). Might as well apply for both until you figure things out. You may get a sweet deal with only one, and you're no worse off if you have options with both.