u can always do PHD without doing masters...thats what i have heard...i guess doing job for a while and then joing PHD would be a good option...and yeah there are a lot of opportunities for a PHD major beside being a professor...several multinational company hire phd graduates for research....and i didnt know that employers wont take a phd graduate if the job he is offering requires a masters degree...that sounds weird to me one thing i noted that theres not much of difference between a salary of undergraduates and graduates ,...i guess they differ by just 10K...i am not sure how far i am right though,,