To continue with the geosciences or go engineering?

[Geologic]

This might seem pretty heavy for a first post, but now that graduate program deadlines are coming up and I'm nowhere near where I should be in my decision process, I thought I might solicit some advise from you all. I'm currently deciding between two programs, a masters in geoscience/geophysics and a masters in geotech engineering. The geo masters will be at UT Austin and the engineering masters will either be at VT, or Davis. All the programs are well funded but Austin is the most, with money flowing from every direction. I love the city of Austin and Davis, Blacksburg is kind of meh but the school is very nice. My primary goal is industry unless I find research to be very compelling in grad school. 

So the final question I guess is whether to go for a masters in the geosciences or engineering. A couple years ago going into the geosciences would be very lucrative with the booming oil and gas business, but the recent downward spiral of oil prices and the general boom and bust cycle of working in oil turns me off. I like job security. 

To my knowledge, a degree in geotechnical engineering would have much better job security and would have the potential to go for professional engineering licensure. 

Would I be correct in assuming that the engineering route would be a safer option, with better job security, job options, and career paths? I have an intense love for geology and geophysics but I actually do not know much about their job applications other than in nonrenewables and academia.