Topic: Financial planning and budgeting case study
July 23, 2019 / By Abegail Question:
Which would you prefer? I'm in my 3rd year of university & I am an English major but I really want to focus on teaching. I've begun to think about my plans after graduation & I'd like to further improve my Spanish & I've always wanted to study abroad, however I never got the chance to do it in undergrad. I imagine: what better way than to teach abroad in a Latin country? I would like to go to Mexico or Spain because I've been to both of those countries & had a great experience in both of them.
However, I also want to go for my M.A.T. (Master of Arts in Teaching) from Carolina (go Tarheels!), Hopkins, or Northeastern, this would give me a license to teach *much better than a certificate* & a better starting salary because I'd have my M.A. Plus, I'd really love to get my Master's out of the way...
My options are:
1. Teaching English Abroad (1. Spain, 2. Mexico, any other Latin American country)
2. Go for my MAT out-of-state
3. Return home & get my ACP (alternative certification) since I did not study Education
What do you all think? Please help.
Stephen | 9 days ago
Well, from an older "professional" student (education and life :) lol), I am not you so it's hard to say. However, I can only give you my advice (from my own life / experience / logic / knowledge) to think about to help you make your decision.
IF I WERE YOU - I would do a couple things:
1.) Sit back and ask yourself where do you hope to be in 10 years from now? Personally, professionally, financially, etc. It doesn't have to be "right" but only you can answer those things for your own life and "goal plan" from there.
2.) That said, I do not know your financial situation. Money isn't everything but it plays a HUGE role into everything you will decide - no matter what. You have to sit down and figure out all the costs associated with each of these....and be realistic what you think you can afford / what scenario makes sense. That alone may make up your mind for you....i.e. the others may not be options. (i.e. where will you live? what are the costs? rent? travel? utilities? transportation? paperwork? supplies, etc.?) If you don't know these things, I'd definitely try to do as much research as you can....and sit w/someone that knows money and numbers maybe better than you to budget and paint a better picture of reality (maybe a parent?). :)
3.) If none of these things still don't help you decide (i.e. somewhat irrelevent) - if it were me, I would probably try my best to get my M.A.T. The reason is: if you are trying to get ahead in your life, career, etc. this is the worst economic time I've seen in my life. It's not going to turn around overnight. So, if you have an opportunity to put yourself AHEAD of anyone else (value looking for work), you definitely have an advantage. Especially if a job decision ever comes down to 2 of you. Additionally, I would try to get into the best program available to you (what you can get in and afford). Again, in today's world moving forward (and especially after times have hit so hard), this is CRITICAL to set yourself apart for so many reasons if you can do it.
Sure - the other things sound great and can be feasible. However, if it were me, I would definitely take the route you can afford and that puts you at the best advantage. Additionally, w/the market so low, this is the perfect time to go back to get a Master's right now.....Truthfully, I'm applying / doing the same thing (getting another) for all of these same reasons....and I'm 37 w/3 degrees already. There is no reason I cannot / have been overlooked for work - except for reality / economy rijght now - but moving forward, it's going to be VERY competitive for all of us. Being "on top" as best you can be for a potential employer really is the smartest thing you can do.
However, if you cannot get your M.A.T. right now, realize education is ALWAYS a choice and ALWAYS available to everyone (your age, mine, your parents, etc.). So, if it doesn't happen today or in the next 5 years, you can definitely go back. Most Master's programs also have options that help deal w/realistic life situations - parents, people that work, etc. It may not be as "ideal"...but it's ALWAYS an option if you cannot do it right now. Believe me, I'm doing it again and will finish this time before I'm 40. If I'm working for the next 25+ years, it's really not "that old" given life and benefits of doing it.
I don't know if / how the M.A.T. goes (not my area) but some Master's programs do not let students in w/o less than 2 years of work experience. That said, you may want to find out. That also may be a major factor in making your decision. So, if that's the case, maybe you study abroad for 2 years and then get your Master's??
Lastly, these all sound like great options. But you really have to do all your research and knowledge to figure it out as it deals w/your reality. In any event, I don't think any one of them will harm you at all....only benefits maybe to set you apart from others.
At the end of the day, life offers no guarantees - only reality. :) So, if I were you, I'd consider and look into all those things and make a decision from there. Good luck!
Go teach and get some experience, you will be well received when you get back in a few years and are ready to go to Grad School.