if u would like to go for academic personnel such as lecturer, consultant or tutor, go for master.
if u are looking for a permanent staff like engineer, supervisor, or sales engineer, go for your degree to get a job for experience. nowadays, most company are looking down at graduates becoz less productive compared to others.
thats why we are labelled as Generation Y. wonder how we are gonna make them change their mindset 

So you are doing Masters by coursework or research?

Do you intend to stay in the industry or will you be switching to a more academia-based field after that?

Hi,

Having a degree in engineering is really in demand. But experience is more important, if your looking for better future i would suggest find a stable job first, have the feel of doing the hands on engineering and educational advancement is for position level up  and can be done after having enough skills on your kind of field.

For further advise lets talk - pm me .

You probably has gotten your PhD by now...