I'm a 25 year old web applications developer and here's my story: I graduated this Summer (August) with a MS in computer engineering. The summer internship I had turned into a full-time position and I have been working full-time since. I took it out of desperation and the inability to find a job during this U.S. recession. Considering this was my 2nd internship during my time in graduate school, I expected a min of 42k/year but due to budgeting problems I was offered 35k which I took out of desperation of not finding other opportunities. I was pissed that I invested all that time to get a 2 internships (8 months), a research assistantship, and graduate school just to end up at a very low tier job (and my standards aren't even high - asking for 42k min too much based on my credentials?). I've been living at home, so I don't pay for anything (i.e. food, bills, except car and my cell phone). Unlike the majority of graduate students, I don't have debt or any loans to pay back. I was seriously thinking of going back to graduate school for a second Masters to get a higher-in-demand job. I want to go for a degree in bioinformatics up in the Northeast (I live in the South). The reason being is that I want to both broaden and specialize my software development skills. It seems to be in very high demand up in the northeast and at academic research centers. I just lack the knowledge and skills to be in bioinformatics, except the software development area. I'm just a "generic" code monkey. But leaving for graduate school and completely dropping my job seems like such a huge gamble and guilt trip. I have a job, no matter how bad it is, I feel like the lucky ones to be even working (job losses are still going higher and higher every month despite the gains in stock markets; my dad, 4 cousins, both brothers, 3 uncles, and all aunts (4) lost their jobs the past year - only a few have recovered). Would it be a wise decision to go to grad school for bioinformatics? I've been saving 2k a month since August and about to apply for Summer 2010 admission. How difficult would it be to get a research position to help pay for tuition in that case?