Reply to Do people who do PhDs realize that they aren’t worth the time?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Baffles the mind that someone thinks a terminal degree in any field won't pay more than stopping along the way.  A phD in Psychology is not going to have a bachelors in computer science or vice versa and a phD in psychology always makes more money than a bachelors in Psychology.[/quote]

You can’t be serious. Getting a master’s or PhD in computer science isn’t going to earn someone anything more than a bachelor’s in that field would.[/quote]

Most Masters programs in engineering/CS are funded (TA/RA/in-state tuition/waiver, etc.) and takes an extra year.  Good deal in the grand scheme of things.  Once you get into PhD, it is funded and you are not in it for the money (although CS PhDs get paid good money to teach).  A programmer (often the job you get after a BS) is a low-end job, akin to a plumber.  After 10 years you are still a plumber, albeit a senior one and when crap like the current downturn or a more serious one hits, you may be out of a job.  With a PhD in a CS domain, you are teaching and researching a CS domain., much higher level job with a very low risk of job loss after tenure.  Sure, the CS person with only a bachelor's degree can make more money in the short to medium term.. until they get laid off after 45-50 years.  Good luck after that.  The PhD can continue their research teaching well into their 80s if they choose to, live in a safe college town, lead a low-stress life, travel the world and generally have a much higher QOL that one with just a BS. [/quote]

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