Advantages of Proceeding Directly to Graduate School
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Continuity between undergraduate learning and specialization of graduate field.
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Easier to finance graduate school prior to other financial obligations (marriage, mortgages, etc.)
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Good to get educational preparation "out of the way" prior to one's career development.
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Can defer repayment of undergraduate loans in certain circumstances.
Disadvantages of Proceeding Directly to Graduate School
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Uncertain about purpose of study.
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Goals conflict (I want to get education, gain experience, travel, make money).
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Unwilling to grow into professional role without non-academic life experience.
Advantages of Waiting 2 to 5 Years before Attending Graduate School
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Acquire work experience which provides knowledge of field(s) of interest.
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Some schools (MBA and some Law) seek applicants with prior work experience.
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Refreshed and motivated to pursue academic work.
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Establish financial stability prior to further education.
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Ability to obtain internships, fellowships, etc. for assistance during graduate school