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M.Tech or PhD

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Dear sir,
I am B.Tech graduate in biotechnology.. I had given TIFR GS2017 exam back in December'16. Based on this exam, and application form, I am shortlisted in IISER Pune for PhD program.. Also I have submitted application form in NCBS Bangalore.
I have also appeared for Gate'17 and I have calculated 47.35 marks based on answer key.

Now I am confused whether I should pursue PhD from IISER/ NCBS or do M.Tech from IITs.. As doing PhD for 5 years(or even 7 years in some cases) is big investment of time for me.
Please advice me whether I will get better job opportunity than IITs after my PhD.
Please advice me the correct path for my career..
Thank you in advance..

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