PhD at a new program

[js911]

I recently applied for a master's in computer science for next fall, and I made the decision to take stay where I'm completing my undergrad for the MS. I'm at a recognized and respected university for undergrad, though the CS department is relatively new and is just starting to expand its graduate program. I chose this school over other more "prestigious" universities for my master's for three primary reasons: a generous assistantship / tuition waiver, a personal environment where faculty already know me and are interested in my work, and a unique project starting up that promises both research and work opportunities in my area of interest.

Last week, the department surprised me by asking me to join the PhD program. A PhD was not in my original plans, but I'm definitely open to it; originally, I expected to apply at a more recognized school after my MS if I wanted to continue for my PhD. I'm trying to decide if I should accept this offer, and my main concern is the newness of the graduate program here. The professors are all very solid in their respective areas, but I don't know if I'll be "aiming low" by not applying to other programs. There are even more financial incentives to be part of the PhD program, of course, and I was told I can leave after 2 years if I want. From an ethical perspective, I'm not sure if I could do that, though.

This could be a really exciting opportunity to be part of something new, I just need some other opinions to help make my decision.

Thanks

[teaganc]

There is no ethical dilemma in leaving after two years if, in their offer, they tell you this is an option! I say, go for it. This year was a tough one for PhD applications, and all signs point towards next year being even harder. Who knows what the 2011-2012 application season holds? You can always apply for PhD programs while you are still at your MS program, and if you get a better offer, leave--otherwise, stay.