Sorry for any typos. I am on my phone. Basically I have a tough decision ahead. I will lay out the facts below:
1. I have an offer of admission from School A, but no funding offer. I will find out about funding in June. My chances are 40-50% (based on past years). If I get it, my total salary per year would be extremely high, but in an area with high cost of living in a place I am not sure I want to move to. Research fit is only meh.
2. School B is my top choice. I HAVE NOT HEARD BACK FROM THEM. I was told two weeks ago that I would hear within the week. POI said all admission offers come with full funding. Only about half of School A's potential offer, but the area has a low cost of living and I could scrape by.
3. Just to make things more complicated, I was offered a job yesterday. The salary is pretty good (but not as good as School A!) and I could launch a career this way, as I already have a Master's degree. This is about the kind of job I can expect to get after my PhD but it is a bit lower level, of course. Still, in 5 years I can probably climb up the ladder to a comparable position. But I wouldnt be doing my own research, and I wouldnt have the flexibility of grad school (only 2 weeks paid vacation per year, etc).
In sum, my first choice is School B, and then I would have a hard time deciding between the job and School A. My problem is the timeline. I have to decide about the job soon. If I turn it down and I am not offered funding from School A or admission to School B I will be in serious trouble. So what do I do??