Plenty don't want to anyways |
| My brother got his because his dream job was a tenure track college professor in the field and a PhD was the only way to achieve this. He likes both the research and the teaching. |
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I got one because I didn’t want doors to be shut.
I was too young: went straight from undergrad. Today, I wouldn’t. Doing a dissertation is a drag. You are at the mercy of faculty decisions, if your adviser takes a leave or leaves. Mine was fully funded. I don’t know if that is true today. It is lonely, unlike law school,business school or med school you are not part of a big group of students. |
| My kid got a BS/MS and a job in a STEM research field at a biotech startup. His boss strongly discouraged him from getting his PhD, kept saying he didn't need it. Honestly, IMO, it was bc boss didn't want my kid to leave. I think if my kid had stayed, he would have had challenges w/out the PhD. Company didn't make it and my kid transitioned to a job in finance. So no, he didn't need it but he also totally changed his career path. |
DP. No. A masters allows one to assist the phds at some companies, and get certain jobs a BS cannot, though many times BS or BSE from top schools gets the same jobs as BS + MS from lesser schools. Phd holders are not "eligible" for most of those jobs; they are overqualified. They are eligible for the much smaller assortment of jobs at the higher level, only open to phD: leading industry research and development, certain top-consulting jobs that require phD, and of course academia. Most Stem phD jobs are not in academia. |
All top phD programs in the US are fully funded. No one should do a phd without funding. The better known publics and privates have large cohorts, 80+ students per year in many STEM departments at MIT, UCB, Stanford, UIUC et. Sometimes phDs can have a better experience in smaller departments that accept 6-15 every year: more attention, more likely to publish a lot, presuming it is a big name school with solid funding. Small department at a known name can be better than a large department at a similarly known name. |
It's a long career to never get to advance, even if you're very good, and to only be paid a low wage. |
This was true a year ago, but I don't know that it's true post-Trump. He's decimated funding for the sciences. |
You do not know what you are talking about regarding phD. The programs do not take any student's money! PhD are paid: they pay the student, some of them 55k+ per year for living expenses, plus tuition, fees, health insurance all covered buy the school. Even mediocre phD pay the students a 35k stipend and cover all tuition and fees. |
Programs cut the spots therefore much harder to get accepted to phD (2-10% for a range of schools that used to be 5-20%). The spots that remain are all fully funded. |
But with a shortage of graduate students to do research, would a school create a spot if a student offered to self-fund all or a portion of their degree? Maybe. I was funded with an NSF GRF (3 years), then a state fellowship (1 year) and then my PhD advisor paid my final year from grants. I know NSF GRF has been hit hard, as have grants. |
I think this makes a lot of sense. I know a theoretical physicist at Goldman with a PhD from Caltech. He said he realized through the PhD that he did not have what it takes to be a leading researcher. |
There are many who make much more than that without a PhD. |
Teaching yes. AI is extremely good at teaching. It is more of a tool and accelerator in scientific research. |
What do you do? |