My ultimate goal is to get a PhD and get into academia. I have two options in front me:
1 year MS at a university (whose department ranked #3 in world). The tuition is funded but there's no stipend for the spring semester (there's stipend for fall semester). But, one PI (unofficially) confirmed I can TA a course by him and that would give me enough living expense.
Regular PhD at a university whose department ranking is #18. They are paying me very high stipend + fellowship + tuition is funded.
Except the "ranking" and "school prestige" everything else seems to be same - The PI at both the university are quite famous in the field, I personally felt very connected with their research, the cities both are very nice to live in and any other factor I can think of.
Even if I don't get funded during my MS (which is very less likely) I would still be able to sustain myself. My doubt is here - This fall I had a very good admission cycle with multiple offers, what if I don't get good PhD offers after doing MS? Is it really worth taking the risk only for "university prestige and ranking"