I say go for your Masters if you are getting funding even if it is partial funding. I got my masters directly after undergrad not because I didnt find a job, I just wanted to enter the job pool with a masters degree. They pay you more at work if you have masters. I got funded fully so it would have been a stupid decision for me to decline that and go get a job. If you have to pay for masters from your pocket, then it might make sense to look for a job first and maybe go back to school part time. Just keep in mind that you are better off getting a masters and the sooner you do it, the better it is for your career. Oh, I work in the compensation field and I know that the employers are willing to substitute the required experience with a masters. Eg: if the job asks for 2-3 years of experience but you are fresh out of grad school, they will hire you anyway. Good luck!