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by microtonal
3582 days ago
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I can vouch this as I went to graduate school where I worked for 5 years at 8-10 hours/day including Saturday and Sunday for $12,000/year to get a PhD Well, then don't do your PhD in the US. I did my PhD in the Netherlands, had a reasonable salary and a good work-life balance. I now work as a habilitant in Germany (roughly the equivalent of an assistant professor), it's the same: good salary, good balance. The primary problem in the Western/Northern European academic environment is getting a permanent position. So, I might end up in industry in the end ;). |
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In addition, a PhD is highly valued by companies in Germany (where I live now), so your higher starting salary usually makes up for the low income during your PhD.
That said, doing a PhD for financial reasons is usually a bad idea. For me, a much better reason is that you can work on a deep (and interesting) problem for 3-5 years, becoming an expert in a given topic and training your gumption, which will help you to tackle difficult problems later in your life, even in unrelated fields. Compared to research work, most projects that you can do in industry are rather boring in comparison (there are exceptions of course). So, if you do a PhD, do it out of curiosity and not because of the title or the hope to make more money later.