Solid-State EE: Job Market & MS/PHD Prospects

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Anyone in here work in the solid-state area of EE? What do people that focus on solid-state do after they graduate? Is the job market okay? I am thinking about focusing on the solid-state area of EE for my MS/PHD. Any help would great.
 
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From what I gather from my solid state classes. Many electrical engineers become "fab rats" or quality control engineers. They make sure that the lab is running smoothly and that the products met the specs. I'm sure with an advance degree you get to work on more challenging problems.
 
you shouldn't go for a phd just because of the job/money opportunites after graduation. that's a recipie for disaster.
 
I'm not doing MS/PHD for job/money. I just want to know what people do in this field for everyday work so I can have a better understanding before I pursue a more advanced degree.