[captaincaveman]

I think it will help you get roles, I don't think it actually helps in doing the job, and in my personal experience has a negative correlation with being a good software engineer (not necessarily on skill, more on delivering what's actually needed).

[ghoshbishakh]

The negative correlation is because how most PhDs do not focus on SWE skills isn't it? But that group are probably not interested in coming to SWE either.

[captaincaveman]

In my experience its because they are more interested in researching interesting things, rather than delivering the project/task they are assigned to. Basically jump down every rabbit hole they can find!