I'll be facing a decision about a PhD program in the near future, and I thought I'd solicit advice from those who have experience with these things.
I'll be finishing my MPA this semester at a large state university, and I know that a PhD in Public Policy/Public Affairs/Political Science with a concentration in Policy is the next step for me (I'm posting this here because it's mostly tumbleweeds in the Government Affairs section). I haven't applied, but the school where I'm doing my MPA has already offered me full tuition and a GA position with a nice stipend for the PhD program here. They've also indicated that they'd be able to sweeten their initial offer.
I had planned on waiting for a couple of years after my MPA to apply for PhD programs because my wife is finishing her Master's. I have good enough stats (165 V 163 M 5.0 W, 3.94 undergrad GPA, 4.0 grad GPA) to compete at much higher ranked programs, but I highly doubt that anywhere would be willing to top the offer I've already got. I could wait two years, and I'm confident the offer would still be there as I applied to top programs too. I know that I want to research, but I want to leave the possibility of teaching open as well.
So, a few questions:
1. How much of an advantage is it to have a PhD from a top 25 program vs a 50-100 ranked program, all else being equal?
2. At six years out of undergrad, is it reasonable to be in a hurry to start my PhD?
3. If I want to be a strong candidate for Public Policy/Public Affairs faculty positions, is there an advantage to doing a proper PhD in that field compared to a PhD in Political Science with a concentration in Policy?
4. All things considered, start a good program now or try for a top program later?