[Overtonwindow]

I think the PhD is overrated, and along with that I think a lot of university education is overrated; note this is someone with two BA's and a Masters. Unless you're teaching, or doing some hard core research, I don't see that the PhD is necessary or even a good investment. That time could have been spent gaining experience, which IMHO, is extremely valuable.

[tombert]

Part of the annoyance there is that most research gigs are gatekept behind doctorates. I cannot tell you how many times I've been declined from Microsoft Research, despite having a bachelors degree and more than a decade of industry experience, specifically because I'm "not qualified enough" for a research engineer experience.

> That time could have been spent gaining experience, which IMHO, is extremely valuable.

I certainly agree that if your goal is to maximize earning potential, than there's no question that industry experience is substantially more valuable than a PhD.

[hedora]

MSR is pretty competitive. How many papers do you publish in a typical year?

[tombert]

None thus far.

To be clear, and I realize that the tone of my comment might come off as a bit more bitter than I intended it to, I don't blame MS for declining me. Obviously they're free to decline anyone they'd like, and I'm sure they get people with PhDs and industry experience all the time.

[s1dev]

I don’t think anyone does grad school expecting that it’s going to be a good investment. Most people I know do it because they can’t imagine themselves doing anything other than research. Is it a waste if afterwards you just get some 9-5 software or finance gig? Definitely. That said, there’s few other ways you get to spend several years becoming a world expert *in a topic of your choice*

[dev_tty01]

A PhD has never been about economics. It is about impacting the type of work you do and how much control you have over the direction of that work. Want to work in a major research lab? Get a PhD. Want to be a professor building a research program in an area of your choosing (assuming available funding)? PhD required.