The academic route has always been a crapshoot. Most of my professors from the Chemistry Department at Florida State were still there and active when my daughter went there for a Meteorology masters decades later. The cartoonist, Jorge Cham, parodies this in the Ph.D. Comics books and movies.

One must plan a technical career carefully. I was able to get an internship at Kodak's Tennessee plant after my junior and senior years. I originally wanted to study inorganic chemistry. I worked for scientists who both were Ph.D. polymer chemists. They showed me the American Chemical Society's study on chemist occupations. 80% of chemists worked on polymers at some time during their career. I applied for both types of programs, and the UMASS Amherst Polymer Science program provided a research assistance-ship that paid my way. it was a great experience and I had a fantastic Ph.D. Advisor - who is now an emeritus professor at Rice University. I stopped interviewing after I had 5 job offers. Employment fluctuates with the economy. Some fields are more robust than others... Do your homework before rushing into a pricey program...