In the last couple of days I have been fortunate to be offered a PhD position funded for three years and a new, better job where I will get to use and develop my research skills. The job might be only for 12 months but there is a good chance that it will be made permanent after that time. A simple question is: what do I do? I have read about difficulties of finding a permanent job after completing a PhD and also will have to seek funding if I do not manage to complete it in 3 years not to mention a pay cut I will be taking compared to my wages now.