[gorjusborg]

Interesting that you point out the symmetry between pursuing education and entrepreneurship.

One of the tough things about the education route is that winning at entrepreneurship can result in huge tangible life changes, but it seems like the effects of winning at education is harder to visualize.

I get to put PhD after my name, but what else?

[78124781]

I actually really like the analogy. You are running a "business" of ideas. You are competing against a lot of other very smart people who are also trying to start their own ideas business and competing for a very limited pool of support (funding, postdocs, tenure-track jobs, etc.). The professors you are trying to impress in grad school are "investors" and having their imprimatur on your business will help in both advice and in obtaining more funding and convincing others that your business is worth supporting.

If you can run a successful ideas business for 10+ years in multiple locations and convince several gauntlets of committees to keep supporting you, then there's a great deal at the end for choosing this education route--your business gets a significant degree of permanent support and protection (tenure)! But to get to that point, you have to sell your ideas and develop a product that will get buy-in and support from others in your field.

There are no limits on how hard or how much you can work. There are also no guarantees that working hard will pay off either. There's a lot of luck and sometimes the market just isn't buying what you're selling at that time, even if your product is great.

[xyzzy3000]

Sometimes hotels and airlines mistake PhDs for medical doctors and give out upgrades... just keep your fingers crossed that there won't be an in-flight medical emergency.

[Ultimatt]

Dr at the front?