PhD in Mechanical engineering?

I know there were a few posts on this in the past, but the ones I found were from a few years ago. I was hoping the consensus has changed. I love research. But I also know I don’t want to spend my whole life in Academia. I just got into one of my top choices for a PhD in Mechanical engineering, and I’m also waiting to hear about a couple of really exciting positions (jobs) I applied to. I’m really tired of the whole application cycle and waiting (who sends out an Admit on the 20th of March after setting the applciation deadline to the 1st of December?), so I know I probably won’t do it again if I walk away now.

That said, I don’t know if I want to spend 5 years working on a PhD and then struggling to find jobs again just like I did the last couple of months. I know people have said that it’s generally difficult to find jobs if you have a PhD and I understand that I will be starting at the entry level again. I still just really want to do a PhD. I feel like a kid who really wants that toy which doesn’t really make sense, but is also the best toy in the world.

I would love to hear from people who have graduated recently, and people who decided not to pursue a PhD in favor of a job with lots and lots of money.

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