Well, first off I live in the United States. Secondly, I was sort of under the impression that when you pursue a Phd you have to complete Master's coursework anyways. So my thinking was that perhaps by doing an accelerated master's I could actually shave off some time coursework-wise. I've often heard that the actually Phd part of the coursework is around 2-4 yrs, whereas the master's part of the coursework is around 2 years. Bringing the total time on average of a Phd completion to about 4-6 years. So my thinking is if I can 2 year's worth of coursework in only 1 year with an accelerated master's, I save a year's worth of time. Perhaps this is some misunderstanding of how Phd coursework works?
The other issue is one of practicality and uncertainty. I know everyone likes to say believe in yourself, yada, yada, etc... The cold hard truth is that I may not be able to cut it for a Phd(i'm not counting myself out, but you never know). So I'm thinking that a master's is a good fall back option. Ideal I'd like to work in academic research, but I've also heard some horror stories about the stress of academia. To be honest, I'm not into ultra-competitive one-upmanship. And I've heard that exists in a very nasty way in academia. So, again I may decide the stress of a Phd isn't worth it. With a master's I could probably work in a community college at least, and I would think that some industry jobs would still be open to me. Besides all that blather I just typed, I'm really just curious if the accelerated master's could save me time. Also, I'm curious if it would increase my chances of getting into a Phd program as well. And one last question, is it true that some universities give you a master's degree if you fail to complete a Phd program successfully? I've read that happens in the humanities, but I'm not sure about the sciences.