speaking from database development side, no one ever asked me to see an undergrad degree much less a masters... it was all about the experience with the particular skills (oracle, sql, etc).

i thought masters degrees should pay the student to get them (maybe with exception of MBA)? or there is usually some guaranteed promise of being a teacher's assistant or something...

it could be a good backup job plan if it's coupled with a research or teaching job.

so maybe apply for grad school while looking for jobs to keep all options open?