A grad degree will require you know quite well what you plan to do afterwards. There are, for example, quite a few engineers who return to do an MBA because they know crunching numbers isn't for them; they want to expand their business horizons.
I personally am doing a Master in Strategic Studies, which has a military and defense focus. It's a lot of fun, but you really have to know what you're getting into and know that you have to make something of yourself when it's done. This "placement" thing is a pure myth; we live in a capitalist, market-oriented society, and anybody with any education still has to market themselves accordingly.
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