As a developer myself, I would say no it's not worth it in the IT field. My friend did a masters and then went on to do a PhD. During the time he was still at uni, I gained commercial experience which is far more valuable to employers. Getting a masters doesn't automatically give you a more senior position. He started out where the rest of us have and now hes getting the all important experience to better himself. Most jobs only look to see that you've got a degree then move on to see experience / tech you've used.
What I would say is do it if you feel it would benefit you in some way, but don't do it for employment prospects as generally it means sqwat out in the market.







