This marks the beginning of an end of my current career and the commencement of a new path.
The choice of schools and master degree courses started last November and was narrowed to a reputable local institution. I have to consider between costs, academic tenure, possible sacrifices, standing of education institution, my future career path, Singapore’s future, current work commitments and my ability to cope with studies.
Initially I wanted to study in Australia, however the minimum period was 1.5 years and it will cost me at least $60,000 to complete it. After factoring the opportunity costs, it will add up to at least $160,000. Hence I decide to pursue my Masters on a part time basis. It will take at least 2.5 years to complete the course and I will be starting in February.
I could have studied in an extension field of subject from my first degree. However, as finance was my passion for the past 5 years, it seems a natural progression for me to study in this field. In fact, given a chance to start all over, I would have given up my scholarship and read Finance in the University.
Well, it is better late than never for both studies and investment.
I will have to keep studying a secret from my boss and colleagues as I do not want to be condemned as a traitor to my specialization and be seen as just the next sucker being lured by the allure of money.
The good thing to study during a financial crisis is that there is really few interested to study it! Class size will be small and tuition fees are unlikely to go north. I heard my first module has less than 20 students. I can always have the first opportunity to discuss with my lecturers on the latest development of the financial crisis. I like that!
Meanwhile, I need to condition myself to be content with less and cope with more.
There will be less leisure time for tv, sports, gym, dates and even blogging. I need to save more money and hence will have to cut down on restaurant outings, gadget indulgence and spa.
I will also have to plan my schedule more carefully, so that my work will not be noticeably affected by my studies. I cannot apply leave to travel overseas for extended period of time as I need to conserve leave for examinations preparation.
It takes a huge amount of energy to overcome the inertia to submit the application.
There will be more stress from grappling with work, financial commitments, bear market and studying.
I am sure I can overcome it. Afterall I am just aspiring to complete the Masters in Applied Finance, and not be the Masters of Universe!
To the new year, cheers!