For students admitted before AY2021/2022, the NUS Bachelor of Science degree (Major in Statistics) actually gives you the freedom to exit after 3 years - This was actually one of the reasons I picked this degree. Interested students can continue to study 1 more year (4 years in total) for the honours degree.
I was personally extremely conflicted about taking the honours degree as I was getting burnt out by the rigorous curriculum and wasn't sure how writing a thesis paper would help me with getting a job. Eventually, I chose to go with the honours because I wanted to read more data science modules and I wanted to write a thesis on Deep Learning. Thankfully all stars aligned for me and I actually got my topic and professor (!!!)
I'll now list down the pros and cons of the honours degree for you:
Pros
- If you don't know what you want to do/ Want to avoid working as soon as possible/ The job market is bad (I thought that graduating in 2019 was bad enough, then I realised how wrong I was, the job market just got worser every year)
- Having a 4 years degree provides you with the flexibility and option of going for a Masters degree further down the road (you never know)
- Writing your thesis on an interesting topic allows you to self-study extensively on the topic. If you choose a great topic and project, it might even help you with your job interviews
- 1 more year to do whatever cool modules you are interested in. For me it was more data science modules
- Stress. I was still taking on a lot of workload during my final year because I failed my modules during exchange semester. So there was A LOT of stress.
- 1 year of writing thesis + clearing modules might not be meaningful and value-add to you
- 1 year less of work experience and money.
- Personal thought: This is slightly negligible in my opinion. You will get to work for the next 40 years of your life so what kind of "damage" will that 1 year less of experience have on you? Furthermore, a fresh grad probably earns 3.5k on average so it's just 12 * 3.5k = 42k of salary that you are missing out. Don't forget about taxes and pension contributions (CPF, if you are a Singaporean). But please bear in mind that this is purely a personal opinion. You should decide for yourself what is more important!
- Some left because their grades were not good and they know that they don't want a statistics/data-related job (traumaaaaa) and so they left, switched career tracks and started getting real work experience and earn some money.
- There are also friends who left with good grades (>Cap 4.0) because they believed that having real work experience is more valuable than writing a thesis.
- Those really smart friends obviously continued with the honours 🤣
- There are the average students just like me, who genuinely wanted to just learn more and wanted to keep all our options open