Very well said.

Though salary is indeed important, you should consider other factors:

- Are the goals and objectives of the company in tandem with my personal interest?
- In the near future, can I see myself having a successful career in this company?
- Team and people - Are they pleasant and enjoyable to share a career, to grow with?
- Stability and outlook of the company

I don't mean to be prejudice here. Having a Master Degree with little or no working experience doesn't make a difference with a fresh graduate with a Bachelor Degree.

The true value of a Masters Degree comes when someone has enough working experience. That is why most people choose to work for a few years, then pursue for a Masters.