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job market. But being a pompous blowhard, I'll make the following remarks anyway
First, if there is the slightest possibility that you'll aim for an eventual PhD, then nothing is more important than studying something that really really interests you, because you will be looking at it until your eyes blur and water. That's less true for a masters, because you're done in a year or two
Second, if you're doing this for job prospects, then you should have a backup plan, because the academic humanities market is tight. Even with a history PhD, landing a job at an undergrad department might be hit-or-miss, though it's certainly true that some colleges hire MAs. I'm not saying you can't do this: I'm simply saying that you should train yourself flexibly, in case your original objective doesn't work out. You might find you have to make ends meet by doing (say) editorial or translation or cultural consulting work
So you might want to think carefully about what language you really want, and you might want to consider learning it pretty well. And period might matter to you: modern Arabic or Spanish or Mandarin might be more useful than (say) medieval Arabic. Even if your degree only requires reading knowledge, you might want to develop some speaking facility, and you might consider an immersion period abroad to improve your language skills
You might also consider looking (say) at some modern history that might have contemporary relevance. I'll throw out a possibility to try to help jumpstart your thinking -- without meaning that you should follow my particular suggestion: study (say) the modern history of some US immigrant population, with an eye to why people immigrated -- the early history of Chinatown in San Francisco, or American refugees from Pinochet's Chile, for example
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