Background: Applied to PhD physics programs (7) , Master EE, MQF, MSMF I took a year off after undergrad, unwillingly, because I was rejected from most of the physics PhD programs I applied to. One offered an unfunded master's. I spent a lot of time figuring things out, including re-taking the pgres, applying to various jobs, and trying to acquire additional skills. I know I made a lot of threads here that was all about PhD physics and most indicated my lack of confidence in gaining admission. This time I didn't want to put all my eggs in one basket, so I spent a lot of time thinking about other careers I would enjoy too. I even had the opportunities to meet experts, in the field of each of the above degree programs I applied, to get some advice. Present Situation: I have gained admission to 2 PhD physics program and the MQF program. I have already visited one of the PhD schools and loved the visit. They have great facilities, most of the grad students seem happy enough and move onto very good post docs or even very good industry positions. I really enjoyed meeting the profs too. A good chunk of the profs work on research that really match my interests! I have not yet visited the other school, but I am looking forward to it. The problem is the MQF program expects me to make a decision by around March 23 and I would not have visited my other school yet. I want to work in industry instead of academia, but I was thinking of a more research oriented job involving science+tech (i.e IBM, GE, Intel etc) . At the same time the MQF is a great opportunity to get some experience in finance and could lead to good jobs as well. I was also thinking that with a PhD physics one can transition into finance ( not easy transition), and I find that it would probably be more difficult to go from finance to physics.? Thoughts? Oh and my interest in finance jobs stemmed from the fact that I enjoyed working in theoretical physics, and pretty much every thread , on this forum, someone made that involved job after theoretical physics discussed careers in insurance, finance etc. However, I don't have actual experience working in finance industry, but I have only read books and stuff. I have worked on research in physics and enjoyed it! *Finance is too broad, I realize. There are various careers one can go into like risk management, quant analyst etc. According to grad cafe, I should hear back from the other two master's soon, but I am pretty sure the other 4 PhDs are going to reject me. One PhD program already did. I plan to do condensed matter experiment, however I am keeping my options open. I have been thinking about asking the MQF program to give me an extension until April 15. Both are different types of investments and I know I have a lot to think about. I appreciate any comments or advice! Edit: I seem like I am all over the place. My first and foremost interest would be able to contribute to an industry that works towards the advancement of science+tech. Even if I went the finance route, I have zero interest in working on wall street. I would still want to work at tech companies, but I guess contribute from finance.