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[quote=Anonymous][quote=Anonymous][quote=Anonymous]PhD students spend several years with low stipends as students. The ultimate salary varies a lot by institution and field, but most starting salaries for non-professional school faculty are closer to 80-120k. And it often means moving to wherever there happens to be an opening; there is very little ability to say you want to live in a particular city or even coast for entry-level jobs, and the first tenure track job is now coming after moving around through low-paid postdocs and  VAPs (visiting assistant professor) for several years. The uncertainty during all those years is tough, especially if you have a partner with a career as well. And I’m talking about PhDs from top programs in their field. It is not an easy road, and many people give up after spending their 20s getting the PhD. It’s a great life if it works out and you wind up with a tenured position in a desirable location,  but students should know what they are getting into. [/quote]

+1. People here are so obsessed with perceived prestige they will just make things up to shill for anything “elite.”[/quote]

It is indeed elite to get a phD from an top institution. Certainly better than chasing $ in IB in a job that AI will replace. [/quote]

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