A good marriage can last 30-50 years, and a good PhD may lead to an equally long stay in academia as a professor or a researcher of high standing. While not all majors are worth it financially, or emotionally, you can generally do more and make more money as a PhD than with a low-pay undergraduate degree.

Is getting a PhD a big deal?

A PhD can hurt your finances, sink you in debt, and leave you with no clear path to success in some fields. But PhDs statistically earn more than their and have lower unemployment rates. A PhD also gives you a world-class mind, a global network, and a skill set that can go just about anywhere.

Is a PhD still worth it?

Money may be tight while youre studying, but this is one area where a PhD really is worth the investment, especially in fields such as law, pharmaceutical sciences, biomedical sciences, and finance. Getting your doctorate will make you more likely to earn a higher salary over someone with just a masters degree.

What PhD pays the most?

Science, Technology, Engineering, and Mathematics (STEM) PhDs tend to pay the most, according to research conducted by Payscale. Electrical & computer engineering is Americas most lucrative PhD, with early career pay reported to be approximately $102,000.

Can I finish a PhD in 2 years?

Yes, you can finish a PhD in 2 years, but it is very rare and only a small group of students make it. A PhD is an ideal method for others to expand their study into a particular area, which may lead to some very creative and profitable market solutions.

Is doing PhD difficult?

Doing a PhD is an incredibly daunting task. Normally at least 3 years, there are some challenges that you are almost certainly going to have to face. Below we look at some of the biggest (and most common) problems that PhD students encounter.