Arguments that go in favor of Academia is that it gives you more security with your job position since you have the ability to gain tenure. This takes off a lot of stress from worrying about losing your job due to budget cuts and the company needing to release employees. Also, it allows you to do research into the topic that you care most about and what interest you the most. That way you are certain you love your job and what you are doing. Also, because you have so many projects you can pick different topics that interest you and by having graduate students help you, your are able to look over all of them and still diversify your portfolio. The advantages of Industry is that you have an increase in pay, which may be enticing to some, so even though you may not fully enjoy your job, the pay can be good enough to keep you there. If you are a very hard worker, who prides themselves on building their portfolio and resume, then industry is better. You can earn a higher merit and get a better paying position that better reflects your credentials, where as in academia you can spend years on research and projects going after grants and funding to support your project before earning the money you deserve. If you prefer to not be working in a lab for most of the time then industry is better for you as well, where you get more interaction with outside people besides other students and professors. I prefer industry as I like to be more involved with other people and it still allows me to work on developing a product and I can also get involved in research as well.