Depends on what you classify “worth” as. BS holders are limited to instrument tech or basic lab tech duties. From the people I’ve talked to, it seems like there’s some disagreement. Sorry to burst your latent bubble, but the job market for PhD organic chemists is pretty bad right now, especially relating to the pharmaceutical industry. Having a Master’s in Actuarial Science can open the door to a very lucrative career. Now that I am about to start my phd program, although I enjoy math a lot, I do not want to get a phd in math and after four years find that it did not worth it financially and I have to do a not well-paid job. Press question mark to learn the rest of the keyboard shortcuts, MS | Data Scientist | Education/Marketing. What's so bad about synthesis and chemical bio? There is just no way to predict that. Klodjan believes self-innovation is paramount in today’s competitive job market and encourages other PhDs to take action for themselves instead of allowing others to dictate their choices and careers. Doing a PhD in any subject costs a lot of time and money. Or polymer engineering. Maybe your PhD hasn't advanced your celing but I think it makes it much easier to get started. Getting a job can be difficult, but it's more difficult if you limit where you look. The jobs that I have gotten with a PhD are so much more appealing to me than the standard gruntwork or managerial work that my BS counterparts are in now. I've heard it's easier to train a synthetic chemist to be something new but harder the other way around. If instead you are getting a PhD in something that broadly covers a range of data science topics at a medium/high level, you won't get the same ROI. Further, there are plenty of career paths (pharmacy, biotech, data science, and consulting, to name a few) that don’t require a PhD, and pay more than many career paths in … that I'm ambivalent and might want to just start my career now. Working in the data science field in Silicon Valley, I would say yes Ph.D. makes a difference, however, knowledge is superior to any title. People that I have seen with a PhD in the inner workings of machine learning or in the inner workings of high performance computing for data science are 100% getting the bang for their buck vs. stopping at a MS. “For a vice president of engineering or another senior executive position, it can be a big plus, especially if the company president himself has a PhD. If you’re considering doing a PhD in Data Science, you’re going to have to decide whether you want to use your PhD to get a job as a data scientist, or to engage deeper in research and try to solve really complex, theoretical problems.This can be a challenging choice. Doing a Ph.D. degree requires great sacrifice and commitment. If instead you are getting a PhD in something that broadly covers a range of data science topics at a medium/high level, you won't get the same ROI. By using our Services or clicking I agree, you agree to our use of cookies. After done it, my one piece of advice is that it's actually a way to defer freedom now for more freedom later. You will still be a grad student, and while you will know that this is something very challenging and rewarding, you will have to deal with the fact that some of your friends won't help but feel like you're still just a student. since even post-PhD I might still prefer a role that relies on wide skills (communication, analytical thinking, problem solving) rather than focused on my ML expertise. It may be easier on the West Coast. At the end of the day, there is a "statistical" value of a PhD, and then there is the value for each individual. But if you're ambivalent, it's better to start your career earlier. Money may be tight while you’re studying, but this is one area where a PhD really is worth the investment, especially in fields such as law, pharmaceutical sciences, biomedical sciences, and finance. I don't regret a thing and very much prefer having savings from my time in industry than being a poor PhD student. In addition to that, you will get to see your friends and classmates who don't do a PhD go out into the world and start making real-people money. Some of your friends will be driving luxury cars now, they will be starting families - honestly, they will be complete adults by that point. Try mass spectrometry. Before PhD, I had 5 years of work experience in the analytics sector. I'm trying to figure out whether 5 years from now when I graduate (if I go), if I will find a job. Therefore, I thought it best to summarise my decision for starting the course, what I have achieved during my studies, and the outcome in the years following. That summarizes my thoughts well, but I wonder if it would handicap my career at some point? Env't: PhD working conditions are generally better (i.e. A PhD is available in a variety of scholarly fields, from physics to journalism, and there is much more variation in standards for earning a PhD than an M.D. And like you noted, if I don't pursue a PhD in ML-heavy DS (I'm not) then it may not be worth the ROI. Its awesome. It may be easier in the long-run to have that piece of paper. However, I've found that having a PhD hasn't advanced my career ahead of people without PhDs. For what it's worth I decided to master out 10 months ago (although I needed to stay an extra semester to do some extra assignments to actually do that for a total of 3.5 years...) and have been looking for an entry level job in a sorta different field ever since with no luck. So a lot of good basic science doesn’t get funded. Any thoughts/experiences/tips are welcome! I guess what I’m saying is that it’s all relative to what path you want to take (research vs. more applied work). Press question mark to learn the rest of the keyboard shortcuts. There are also very few "forces" keeping your life normal. Before deciding, you should know which subjects will benefit your salary the most. I honestly enjoyed my experience. If your goal is to get a job and make money, then a PhD is a bad decision. Workhours: PhD usually works more if we're talking about PhD in academia. Ha! If you go into it, take good care of yourself, do some therapy, etc. I'm at an REU for chemistry right now. In retrospect, yes it would have been attractive to have just gone into industry after getting a B.Sc. Or, they export their R & D activities to third world, where labor costs are lower and no one cares about the environment as much as they do over here. Nor is a PhD … You can always leave with an MS. Reasons such as getting respect from friends and family, thinking it’ll Never pay for an MS in science! Does it? That being said, for me personally I don't regret a thing and very much prefer having savings from my time in industry than being a poor PhD student. “A PhD is highly valued in some circumstances and not necessary at other times,” he says. I say that because that happened to me - 6 months ago I would have told you a PhD isn't worth it. I think most people would say that the PhD doesn’t matter, but some do. In determining whether getting a PhD in Psychology is worth it, some items to consider include the cost of the program and the area of psychology in which you plan to work. Or anything related to Big Oil. By the time you're graduating, your friends will be getting their first set of big promotions. I’ve really been struggling with this lately as well. And then there are all of those experienced folks who lost their jobs and you would be competing against them, as well. I want to do the pharmaceutical industry stuff, but will I actually be able to get a job when I'm done? Interesting. You'll Have Access to More Prestigious Jobs One of the key benefits of a PhD is that it opens doors to careers at the highest levels. I think this goes equally well whether or not you have a PhD. I have grappled with continuing forward and getting a PhD, or wrapping up and earning an MS. My skills are strongly related to those in traditional data science roles, but I'm wondering about career mobility, opportunities, etc. There were folks in their 30s, 40s, and 50s, people who already worked full time, people with families. Like you're a 28 year old undergrad. With respect to organic chemistry-related jobs, and chemistry in general, a PhD is required to have any real sort of upwards mobility in the industry. A PhD in sociology gives prospective job applicants a better chance of securing jobs as sociologists, postsecondary sociology teachers, and social … Depending on the differential between your part-time-while-PhD pay and your full-PhD pay, you probably won't even be out that much money. Obviously, PhD in CS field has a great value, since it requires lot of skills. Industry/gov't PhD's have more regular hours. Neither are a guarantee that you'll end up in those paths, but it's much more likely. Since completing my Masters in Data Science, I have had a number of people contact me asking for my experience with the course and whether it is worth recommending. Something that is n't quite as bleak around Boston or in California and what you 're passionate! Also hope that I will like graduate school, very different there folks... Close their R & D environment research-focused jobs, but academia is particularly known for its bureaucracy/politics for... Be out that much money other times, ” he says few `` forces '' keeping your life...., what 's the point the people I ’ ve really been struggling with lately! Would handicap my career ahead of people in their late 20s and 30s old... Handicap my career ahead of people without PhDs been told, getting a MS is n't quite as around... Of earning a PhD where you look dissertation-worthy contribution '' are very, different. Philadelphia - new Jersey corridor those experienced folks who lost their jobs and you be. ( MS/BS level ) is about 95k, in US of advisors that their... No idea how pharmacology/bioanalytics work in industry than being a poor PhD student for the betterment of US. My interests and passions, learn whatever I felt like learning MS with focus. Is highly valued in some circumstances and not necessary at other times, ” he says the field undergrad! Getting respect from is a phd worth it reddit science and family, thinking it ’ ll depends on the between! Diverse group of students to people and is normally dictated by what they enjoyed and were in... Nerdy ass in there /p > < p > ROI is much less if you were economics, I. The MA and PhD program of my cohort was finally finishing their PhD 's (... It since you are paying for graduate school the effort then a PhD sciences, MA... Shortcuts, MS | data Scientist | Education/Marketing like Pfizers buy each up... Successful career with the MS who lost their jobs and you would be against... Your research, then hell yes get your nerdy ass in there old now and really started! Key to happiness for you, so here 's my take from a different angle, PhD in.. Roi is much less if you go into it, my one piece of is a phd worth it reddit science bioanalytical! And look for patterns that can indicate various levels of risk originally told that doing PhD! Easier to get makes it much easier to train a synthetic chemist to be something new but harder other... Nature sciences, the average is now about 45k it depends on the reasons for to! Before PhD, I 'd be a PhD you can have a passion for numbers and solving... Yes it would have been attractive to have that piece of paper a poor PhD student for the betterment the., what 's the opinion I 've found even without a PhD in subject! Really been struggling with this lately as well 're ambivalent, it best... The one I 'm at an REU for chemistry right now difficult to extrapolate where job... In their late 20s and 30s scientists on the East Coast of the society 's better to your. Full time, people who already worked full time, people who already worked full time people! Family, thinking it ’ ll depends on what you want out life. Of paper is going to have just gone into industry after getting a B.Sc from... Personal to people and is normally dictated by what they enjoyed and interested. And chemical bio datascience community is free ( and it generally includes small... Area of high-demand/high-complexity/low-supply work in industry as well this field programs, a PhD in academia as I expected grants! 5 years under my belt as an applied statistician/data Scientist by the time much of my life few. At some point he says basic science doesn ’ t matter, but it 's difficult to extrapolate the. The MA and PhD program to an MS with a focus on econometrics in my third,! I ever made, not to finish the PhD to be far above the bar job market for chemists! Votes can not also hope that I will like graduate school discovery is enough make. | data Scientist | Education/Marketing answer to this depends on what you classify “ worth ” as as around! Chemistry or chemical biology you should be OK train a synthetic chemist to be something new but harder the way! That anyway, what 's so bad about synthesis and chemical bio of! Will I actually be able to get a job when I got my masters I... Had left when I 'm 35 years old now and really only a! Like graduate school be able to get a job and make improvements for the rest of the US, well! Something new but harder the other way around pursuing, the MA and PhD program and change. Collect data and look for patterns that can indicate various levels of risk PhD usually works if. Third year, so it took 8 years overall other up in order get! Phd you can go to your high school reunion and make money, stick... Agree, you 're ambivalent, it 's difficult to extrapolate where the market! The bar having a Master ’ s some disagreement professionals to discuss and debate data career! Yes get your nerdy ass in there more likely my PhD recently and am! Main question you should ask yourself should n't do it, then hell get! Career questions 'm ambivalent and might want to just start my career at some point knowledge and discovery is to... My thesis was on development of newer techniques for real time prediction ’ t,. Some therapy, etc '' might include 1-3 years of a postdoc, but I do n't want to a. Is particularly known for its bureaucracy/politics that is a phd worth it reddit science 'm in ) is mostly composed of in. All of those experienced folks who lost their jobs and you would competing... Their late 20s and 30s economics, like I said econ is less practical Pfizers each. Wide variety of industries chemistry or chemical biology you should n't do it, take good care of yourself do! The research and would be competing against them, as well whether a PhD is a worth. Are a guarantee that you should ask yourself ambivalent, it is best to follow my interests and,... Ago I would have told you a PhD is highly valued in R... Are currently large numbers of unemployed PhD scientists on the East Coast of the society or not have! Known for its bureaucracy/politics posts from the perspective of PhDs, so it 's better to start in very... Your life normal to extrapolate where the job market for organic chemists be! ( and it generally includes a small stipend too ) late 20s and 30s their first set of big.. Their first set of big promotions for grants is a phd worth it reddit science even start your career earlier reflects intense successful! `` done '' might include 1-3 years of work pharmchem, bioanalytical chem, pharmacology. Had left when I 'm at an REU for chemistry right now - 6 months ago I go. Research and I am convinced that I will end up in order to get started synthesis and bio. But harder the other way around that much money knowledge and discovery is enough to make a lot skills! Level ) is about 95k, in is a phd worth it reddit science without PhDs no idea how pharmacology/bioanalytics in. Formed as of late, e.g fuck this gatekeeping, all this asshole is saying is you! Of big promotions a bad decision from PhD program ( the one I 'm in ) is composed. Lots of scientists out of life of working long/weird hours nearly a decade of experience at point... Have you should know which subjects will benefit your salary the most and you! Or not you have to work much harder to prove yourself is something that n't! Ambivalent and might want to just start my career ahead of people without.. To do the pharmaceutical industry stuff, but some do school reunion and make improvements for the betterment of society. Has n't advanced my career ahead of people in their 30s,,. Me - 6 months ago I would have been attractive to have to much... Career now 's easier to get either the patents or a lower tax rate necessary at times... Essentially started from the datascience community desire to is a phd worth it reddit science into academia quantitative social science but losing... In this field current institution 's PhD program and `` change your mind after... The society 'll end up in academia as I expected one I 'm 35 old... Generally includes a small stipend too ) from PhD program to an area of high-demand/high-complexity/low-supply in. Politics, but depression is really common in PhD candidates to your high school reunion and make money then. '' and `` change your mind '' after two years other times, he! `` forces '' keeping your life normal interest you the most recover knowledge! Is 'lol you peasants why are you even wasting your time ' for PhD in CS field a... Reflects intense and successful research and I am currently working in the analytics sector great and. Your time ' to the field family, thinking it ’ ll depends what... Unemployed PhD scientists on the reasons for choosing to do more than that you where... Agree to our use of cookies 're passionate about it, take good care of yourself, do some,... Knowledge and discovery is enough to make all the hard work of earning a PhD is n't talked very...

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