I recently graduated with a bachelor's degree in physics and, like many other people, am finding that without going to gradschool I'm not going to find a good job. I'm not really interested in the long academic path of a PhD, I would much rather get a master's and go into industry. At first I was thinking that I would go into a mechanical or aerospace engineering program but then I came upon this applied science program (http://internship.uoregon.edu/). In the short term the applied science would be easier for me because I wouldn't need to switch tracks to engineering. What I'm really wondering is what the differences are in the long term career path between these two tracks. Obviously someone who specialized in semiconductors or optics would be dealing with entirely different subject matter than a mechanical engineer. What want to know is what the differences are in terms of job availability, work environment, etc. Thanks for your help.