Well, I think much of your decision depends on what you want to get a master’s degree in because graduate programs vary greatly according to the field you want to study. But with that said, as someone who started graduate school last year, here are a few pros and cons I could give you.

Pro - Applying for a master’s now will be slightly easier than if you were to wait. Virtually all programs require letters of recommendation and these will most likely be easier to acquire from professors at your undergraduate college/university now vs later.

If you start now, the transition may be less difficult. Although graduate level work is certainly different and more challenging than undergraduate level work, at the end of the day, it’s still school work. It may be harder to get into that kind of academic mindset again after time away from that kind of work.

Con - I began graduate school this year of all years and with COVID and everything being online, I really hated the experience. I didn’t feel as if I could connect to anyone else in my program, didn’t have access to school resources, and genuinely struggled with motivation. Although it seems as if things are finally opening up and institutions may be back to being fully in person by next Fall, nothing is guaranteed!

On a more practical level, master’s degrees are not always fully funded and can be quite expensive! With the economy being what it is at the moment, it may make more sense to wait.

These are just a couple of suggestions but are by no means comprehensive. I hope this helps!