Again: follow your passion ONLY IF YOU HAVE ONE. "Passion" is not whatever passing whim makes for an answer to "what is your passion"? "Passion" is what you can't not do. Most college students are there because they were told to pick a subject and go somewhere.
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Grad school and academic administration as elite overproduction sinks
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And today you have more international competition as well for those spots
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In my experience the really successful grad school products did not need to "apply" for grad school. They were begged to stay for a PhD, post-doc, etc. by the people already inside. And half of them left for the industry during or shortly after completing the program anyway. :D
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