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I managed trade floor data center for major bank.. all the quantitative analyst had PHDs.. for algorithm your trading the bank cared (it probably had to do with red tape and compliance).
As a tech worker it doesn't make sense but that's me.. if you have the capacity to understand and graph grasp ML, algos or etc. Why would you run around an get a PhD for something you can augment thru technology?
I got a masters in CS with a ML focus, and started looking at PHd programs. Decided juice wasn’t worth the squeeze.
It takes 4 non-working years to get a phd. That’s a huge opportunity cost if you are a high earner already. Would a have been worth it if I started at 22? yeah.
Is it worth it now that the opportunity cost is $1.2M? hell no