Yet despite these sobering statistics, PhD programs continue to grow—in the U.S., the life sciences saw an increase from around 8,000 doctoral recipients in 2004 to more than 12,500 a decade later—and show no signs of leveling off. This is why it is appropriate for a Ph.D. holder to … Interesting. 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. It may be easier on the West Coast. I've heard it's easier to train a synthetic chemist to be something new but harder the other way around. A PhD in sociology gives prospective job applicants a better chance of securing jobs as sociologists, postsecondary sociology teachers, and social … If not, move on. I was actually thinking of this yesterday. I've found even without a PhD you can get research jobs, apply for grants, even start your own lab. The PhD degree reflects intense and successful research and would be valued in an R&D environment. He got the Brain Mind Institute (EPFL) best PhD thesis in 2013 as well as a fellowship from the Swiss National Science Foundation. At the end of the day, there is a "statistical" value of a PhD, and then there is the value for each individual. Any thoughts/experiences/tips are welcome! I'm a graduate student currently pursuing a PhD in an applied stats program, and heavily considering non-academic jobs in data science & adjacent fields. No thanks. From the people I’ve talked to, it seems like there’s some disagreement. 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. My current institution's PhD program (the one I'm in) is mostly composed of people in their late 20s and 30s. Best decision I ever made, not to finish the PhD. It may be easier in the long-run to have that piece of paper. I say that because that happened to me - 6 months ago I would have told you a PhD isn't worth it. After done it, my one piece of advice is that it's actually a way to defer freedom now for more freedom later. http://www.npr.org/2014/07/30/336337115/as-pharma-jobs-leave-n-j-office-space-ghost-towns-remain. If you go into it, take good care of yourself, do some therapy, etc. New comments cannot be posted and votes cannot be cast, More posts from the datascience community. 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. Never pay for an MS in science! And then there are all of those experienced folks who lost their jobs and you would be competing against them, as well. My point in mentioning this is that even if the Pharma industry turns on its heels tomorrow, and decided to restore the US capacity in R & D (which it won't), it will take a lot longer than five years for the job market to recover. 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. You have to find some new technique or you have to improve normally used techniques to a considerable amount. I'm at an REU for chemistry right now. A PhD is pretty personal to people and is normally dictated by what they enjoyed and were interested in the most. Scholarship programs do that all the time. There are currently large numbers of unemployed PhD scientists on the East Coast of the US. I’m ABD in a very quantitative social science but am losing the desire to go into academia. Personally, I found the entire experience of the PhD to be intellectually satisfying and worth the effort. An actuary's primary job is to collect data and look for patterns that can indicate various levels of risk. I’ve really been struggling with this lately as well. You see, large companies like Pfizers buy each other up in order to get either the patents or a lower tax rate. 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. It depends on what you want out of life. What I can say is that if you enjoy your research, if you're passionate about it, then stick it out. Like you're a 28 year old undergrad. Workhours: PhD usually works more if we're talking about PhD in academia. “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. 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. The premium for a PhD is actually smaller than for a master’s degree in engineering and technology, architecture and education. Honestly, my primary reason is more money and opportunities, as during my Master's, I was never a really big networking person (I was more, just focus on your work and passing). They then close their R & D departments, which puts lots of scientists out of work. In retrospect, yes it would have been attractive to have just gone into industry after getting a B.Sc. Whether or not a degree is “worth it” will depend largely on how you define the value you hope to gain from having earned the degree. I took longer in grad school than most because I switched labs in my third year, so it took 8 years overall. as long as you stay away from synthetic chemistry or chemical biology you should be OK. The chances that the JD/PhD is a road to big firm law or a job in a law school making the big bucks are almost nonexistent. Or polymer engineering. 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. As someone who is now unfortunately back on the job market again, the tentative strategy is to not waste much time applying for pharma jobs around NJ, because the competition around there will be too intense. Only in medicine, … Press question mark to learn the rest of the keyboard shortcuts, MS | Data Scientist | Education/Marketing. I think that statistically you will find that it's not going to be worth it unless what I covered in 1 and 2 apply to you. My PI quit at the end of my third year and I decided to master out rather than stay and essentially start over since I knew I"d end up being a 7 or 8 year student at that point. Securing a PhD in molecular biology is not an easy task and involves taking courses in subjects like advanced cell biology, protein & nucleic acid biochemistry, and research ethics. Getting your doctorate will make you more likely to earn a …

ROI is much less if you were economics, like I said econ is less practical. By the time you're halfway through grad school, you friends who left with an undergrad will be driving a nice car, maybe buying a house, going on cool vacations, etc. Fuck this gatekeeping, all this asshole is saying is 'lol you peasants why are you even wasting your time'. Depends on what you classify “worth” as. I am 35, only have an undergrad degree, and work in a research lab alongside people that all have PhDs or are PhD students. That is, whether you get a PhD or not you are probably just as likely to hit specific pay grades/leadership roles by a given age. There were folks in their 30s, 40s, and 50s, people who already worked full time, people with families. My PhD completely fucked up my mental health. that I'm ambivalent and might want to just start my career now. Had 5 years under my belt as an applied statistician/data scientist by the time much of my cohort was finally finishing their PhD's. If I had left when I got my masters, I'd have nearly a decade of experience at this point. A PhD gives you a level of perspective that no industry experience can replace, and that may, or may not, allow you to take on some really unique R&D roles in the future with more intellectual freedom. Industry/gov't PhD's have more regular hours. All workplaces have politics, but academia is particularly known for its bureaucracy/politics. You forgot one more point. It's difficult to extrapolate where the job market for organic chemists will be five years from now. Thanks for the advice! Or anything related to Big Oil. Before PhD, I had 5 years of work experience in the analytics sector. Press question mark to learn the rest of the keyboard shortcuts. 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. The PhD can still get the job, but the advantage the PhD has over the MS is much smaller than the MS over the BS. Its awesome. flexibility, autonomy, etc.). However, I've found that having a PhD hasn't advanced my career ahead of people without PhDs. I just kinda assumed that finding a job with a phd of science would be easy, but now I've heard that it is way harder to find an industry job as a phd than an ms or bs. 2. 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. This is something that isn't talked about very often, but that probably should be talked about. Is a PhD worth it? In fact, from a simple employment perspective those with Ph.D.s in science, engineering, and health are doing much better than the general population. I was originally told that doing a PhD is a way to defer salary now for a better salary later. There is stress, there are long periods of working alone, there are long periods of working long/weird hours. If your goal is to get a job and make money, then a PhD is a bad decision.

the job outlook gets much better with a phd in economics, maybe in public policy or a professor but by that time you can make $100,000 5 years in as a financial analyst or sub $80,000 as a senior accountant, more if you are manager. Specifically I would go for pharmchem, bioanalytical chem, or pharmacology. But there is absolutely a chance that at some point in your career the difference between getting/not getting a job that you really want and which represents a big jump in your career could come down to having/not having a PhD. From what I've been told, getting a MS isn't worth it since you are paying for graduate school. I essentially started from the same place but five years later. Reddit; 277 thoughts on ... At 52 I had spent 2 years on entrepreneurship and come up with an idea that I felt was worth doing a PhD for. 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 … At my undergrad institution, the MA and PhD program of my field has a diverse group of students. Doing a PhD in any subject costs a lot of time and money. Getting a job can be difficult, but it's more difficult if you limit where you look. That summarizes my thoughts well, but I wonder if it would handicap my career at some point? Actuaries can find employment in a wide variety of industries. 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. I honestly enjoyed my experience. I have no idea how pharmacology/bioanalytics work in that regard. Maybe … 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. Ha! There is a lot to deal with in doing a PhD, and that is true even if you have a great advisor, great classmates, etc. Nor is a PhD … I wasn't sure what to do after my undergraduate, so I stuck around for my Master's, and I'm unsure whether or not to go for a PhD. That intellectual freedom just might be key to happiness for you, so it's the main question you should ask yourself. 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. New comments cannot be posted and votes cannot be cast, A community for chemists and those who love chemistry, Press J to jump to the feed. Not only will it consume three to five years of your life but, in some UK institutions, the failure rate exceeds 40%. I guess what I’m saying is that it’s all relative to what path you want to take (research vs. more applied work). What's so bad about synthesis and chemical bio? Env't: PhD working conditions are generally better (i.e. I'm trying to figure out whether 5 years from now when I graduate (if I go), if I will find a job. Your work is going to have to be far above the bar. In February 2013, the unemployment rate for the general U.S. population was at 6.3% while that of U.S. science, engineering, and health Ph.D.s was way down at 2.1% (7). Neither are a guarantee that you'll end up in those paths, but it's much more likely. The impact of your PhD will be heavily dependent on how specifically it applies to an area of high-demand/high-complexity/low-supply work in industry. I'm at an REU for chemistry right now. For PhD in nature sciences, the average is now about 45k. My general stance is that having vs. not having a PhD is unlikely to impact your career ceiling, but is very likely to impact your career path. 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 think I’d really enjoy using what I’ve learned in econometrics/causal inference to help companies understand their products and consumers to create value, but I’m also not sure to what extent I would need a PhD for that. This value could be quantifiable, in the form of a certain salary, or it could be subjective, in the form of a certain job title or career path, or both. Individuals who have a passion for numbers and enjoy solving complex problems can find success in this field. Maybe your PhD hasn't advanced your celing but I think it makes it much easier to get started. You can go to your high school reunion and make everyone call you doctor. If you want to work in the industry and make good money then opt for an internship or practicum based program focusing on petroleum geology and applied geophysics and exploration geophysics. I can not also hope that I will end up in academia as I have heard academic jobs are very hard to get. The PhD provides what the MS does plus a research in the background of machine learning (probably not applicable to most jobs). By using our Services or clicking I agree, you agree to our use of cookies. Tax rate made, not to finish the PhD preps you for other jobs! People that are going straight into research Scientist is a phd worth it reddit science at FANGs after graduation less if you enjoy research! Finish the PhD to be far above the bar have heard academic jobs are very, very different PhD you... Might be key to happiness for you, so it took 8 years overall in some circumstances and necessary! A wide variety of industries of time and money be difficult, but will actually... 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