Hi everyone,
With two weeks left until the decision deadline, I'm having trouble making up my mind about grad school. I have received an offer for the Economics MA at the University of Toronto, with partial funding in the form of guaranteed TA hours, however in light of the current pandemic (and my personal finances) I am afraid to make the wrong decision.
My background: Econ and Math specialist from UofT, 3.47 GPA, followed by two years of work experience in Big 4 consulting overseas, then half a year without a job, freelancing for personal reasons. The master's program was supposed to be a fresh start to make up for the huge gap in my resume and potentially break into the Canadian job market. However, now that the pandemic has changed everything, I am afraid that if I decide to attend, I will end up with a lot of debt with job prospects that are no better than my current ones. Accepting would likely leave me with approx 10,000 CAD worth of debt. On the other hand, if I don't accept, I'm worried that I will lose my last chance at a master's degree (references were tough to come by), plus the 2021-2022 year will be even tougher in terms of admissions and funding.
The big question: what would you do if you were in my shoes? What is the best decision in the current economic climate?