[tracyhenry]

I'm a PhD candidate and about to go to FAANG after graduation. If you are confident that after your PhD you can get a top-tier job in academia, like really top-tier, where you wouldn't worry much about money, hiring outstanding graduate students and getting enough industrial resources, then that's surely a nice option.

Otherwise, things can be quite undesirable IMHO. I've seen friends at lower-ranked schools struggling with getting money, hiring good students and doing things that industry cares about. Things are unfair at that point.