Hello! I am 23 years old and I hold a Bachelor's Degree in Statistics and since the age of 19 I was sure that I would love to do a Master's degree.
But I also wanted a lot to have a job as fast as possible and gain the financial independence.
I managed to find a job in Budapest at a multinational bank in compliance area right when I got my Bachelor's Degree in July 2025 and the working schedule is from around 8.30 AM to 5 PM. There might be some flexibility in really special cases (like picking up children from school/nursery).
I started a Master's degree in Econometrics and Applied Statistics through distance learning in Cluj-Napoca (as I initially heard that this possibility exists), however by the beginning of the uni year 2025-2026 it was found that the professors will be much stricter with the presence on campus and there will be exams with mandatory presence on campus. I had no choice, but to take the reexams in February. Unfortunately, I also found out that it would become nearly impossible to finish a Master's degree if I hadn't managed to find a job by the second year of the Master's Degree, because there are mandatory internships that can be replaced with jobs, however it would be much harder to be accepted replacing these with jobs outside Romania.
I wanted to get admitted at university in Budapest as the tuition fees are more manageable and I can support myself throughout this process and I abandoned the degree from Cluj after the first year. I got admitted in Budapest, however I found out that the type of schedule is full-time schedule: 3 days per week where you have lectures and seminars and these can be anywhere between 8 AM to 8 PM and it's hard to manage with the working schedule.
I thought of attending just the practices (which are on Tuesday and Thursday and these are during the afternoon) as these are the only ones mandatory to be attended.
However, when I asked my TL about it on Thursday, she told me she will talk with the director about it so that they will find a final solution about this.
To this day, I haven't received any response about it (though the TL responded to my questions involving work), but I'm thinking of reconsidering this Master's degree, because I would rather prioritise my financial independence than being supported by someone else and having to pay loans right after my Master's degree.
So, I will have to talk to the director of the department about this and make it perfectly clear that in any case I will prioritise this job and if there's no possibility of flexibility, I will reconsider my actual Master's degree, because I don't want to be fired or reduce my norm (so that I would rely on loans). At the same time I'm searcing for jobs with flexible working hours so that it would be easier.
In my place, what would you do? How worth is it to take Master's degrees, especially now at 23 years old when I'm doing everything to consolidate my career and I would like to move from my actual position in compliance to the Risk department, preferably in market risk or financial risk or even credit risk? And how tragic is it that I would be faced with possibily abandoning a Master's degree for the second time in spite of both of them being in Statistics field? I was starting to think of trying a remote Master's degree from universities in Dublin in Data Science/Analysis or, at least, Financial Risk Management as these have lower tuition fees and the classes are during the week from 6 PM to 9 PM (Irish time). If not, at the very least taking a really valuable certificate in Financial Risk Management (FRM), at least FRM - Part 1, along with small certificates and projects in Python, R and SQL.