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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]They are a huge waste of time & money. Massive opportunity cost. If you have undergrad student loans, you will have a very difficult time paying them down during a PhD program. People come out at 29 making $60k if they’re lucky, when they could’ve started making that at 22.[/quote] The drop-out rate for PhD candidates is high--about 40%.[/quote] One reason for this (imo anecdotally) is that you might decide to stop your program after getting a masters degree. Many PhD programs are set-up so that you enter them with a BA or BS and earn the Masters degree as part of the process en route to obtaining the PhD. [/quote]
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