Thank you all for the excellent advice. I hadn't considered a masters in stats, but this would come in very handy. I need to explore this some more.
Quote:
Originally Posted by YoungEconomist
IMHO, this probably just depends on your long term goals. If you are wanting to just get accepted to a low ranked PhD program and then go into a teaching career at a small LAC, then you may be able to apply as is, but realize you would probably only be admitted to some of the lowest ranked PhD programs.
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Long term career goals in order of preference:
1. Professor position at just about any university. I'm not terribly picky, I just want a place where I can pursue my research interests and earn enough to live on.
2. Teach at a community college. No prestige, but its probably the lowest-stress job I can think of, and I would still be able to pursue research interests. Obviously this could be achieved with a MS only.
3. Strategic level business. I could easily make six figures by going to B school, which certainly has its appeal, but its not really my passion. Non profit would be slightly better but its still not where I want to be.