[jvilk]

> I'd bet that anyone with a PhD could have made more money with a masters degree and a switch to industry.

This is common knowledge for those pursuing CS PhDs. You don't do it for the money. If you only care about money, a master's degree is what you want.

[exdsq]

A lot of jobs I have seen recently say a PhD is highly desirable while a Masters is essential. Obviously I don't suggest people start doing a PhD for the money, however I'm surprised to think that you can't out-earn your alternative self with a Masters seeing as the difference in study time is 2 years but you'd be entering industry as an 'expert'. Especially if you target your PhD at something like computational finance, autonomous vehicles, etc.

[mattkrause]

I'd lump those fields into "ML" and the difference is probably more like 4 years in the US (2 vs ~6).

The career consequences are also weirdly mixed. Some places seem to recognize that, along with your area of specialization, getting a PhD also involves a fair amount of project management, writing, etc skills. Other places (or even different people at the same place), seem to think it's a glaring red flag that you can't "get real work done" because you sit around all day in a smoking jacket, thinking. (I think that's mostly bunk--academia moves fast these days, but that sentiment is nevertheless not uncommon).

And, if anyone has actual advice on monetizing a comp/neuro PhD, I'm all ears :-)

[edw]

Job requirements are often inflated to scare away people without the ambition, egomania, and/or self confidence that the writer of the description desires. The business/management job description equivalent of this is "MBA from top-ten business school essential."