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My goal is to obtain a PhD but I got rejected from all the programs I applied to. My strategy will be to do a Masters and then reapply for PhD programs. I recently got a very nice fully-funded offer from SFU. However, I also have a meager-funded offer from BGSE. I realize that BGSE is much better ranked and might open a lot more doors but I would have to spend a huge amount of money that I wouldn't have to spend in Canada, considering tuition + other costs. Furthermore, while both Vancouver and Barcelona are amazing cities I would love to live in, I'd prefer to live in Canada on a longer term. I've read that the BGSE Economics MA is a great way to enhance your profile and that, if you do well, you can expect to get some offers from decent PhD programs (i.e., non top 10, more like top 30). I've also read that some of the best students from SFU's MA got into top Canadian programs (e.g., Toronto, UBC). I think I have a FAR better chance of being at the top of my cohort in SFU. I'm talking top 3%, here. However, given that I'm an international, getting funded offers from top Canadian programs is really hard. Canada is my top destination of choice and I plan on applying to US and European programs too but I'm afraid that SFU is not very well known outside of Canada. Right now I'm leaning towards SFU and I only have 4 days to decide. Do you think I'm making the wrong choice? What would you do?