You may not get into the graduate schools you hoped for, and you will be tempted to settle for a lower-tier school. Some students assume they can go to a less-prestigious school for the master’s degree and later transfer to a better school for the Ph.D. This is not a good idea. Good schools weed out their own master’s candidates for their Ph.D. and accept the rejected Ph.D. applicants of even better schools. It is a real rarity for a student to move up from a mediocre master’s program to a better Ph.D. program. Before you accept admission to a school you have reservations about because you have been rejected by the school you were really hoping for, take some time to consider other options:
One of these options beats an unemployable graduate degree, and either of them is better than living in your parents' basement!
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