Hey guys! I'm someone with a BA in finance.

I am really conflicted rn. I would like to hear experience from people who have done masters, or all the way to PhD.

Did you regret doing lengthy studying and should have focus on practical work etc? Let me know your thoughts!

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I will say that a Masters is something you should absolutely achieve if you want to be promoted in most companies. As for a PhD? Well I have one. But I didn’t get it for career growth. In fact I had a very difficult time finding a job after I graduated because I was under qualified for teaching positions and overqualified for the private sector. I stumbled into my current career and had to really prove to them that having a PhD was equal to others who had years of experience. It does bring a level of immediate respect with clients. However, PhDs are incredibly difficult to achieve and you should really only go for one if you truly love researching and can give it your full attention - they are not for the faint of heart.

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Speaking personally, I didn't think about things in that way. I did a PhD because I liked researching and I didn't know what else I wanted to do. When I finished, I realized I didn't want to be a professor, and so stumbled into industry, and am now going into consulting. In retrospect, getting a PhD was certainly not the most efficient way to reach the professional position that I did, but it also helped me develop skills that while under-valued in much of the professional world, are, I think, of use. Are they as useful as what I would have gotten had I avoided academia? Probably not, but I'm reasonably glad with the path I took.

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A long time ago, I thought maybe a PhD would be of interest. Since that time, my household has seen two completions and it felt more achievable after watching their experiences. My daughter did it first because that is entry level in her field of microbiology. My wife did it to move into teaching teachers. For me, I want to bring something to tech consulting that my peers don’t. It’s a grind, but that’s why there are so few. It probably won’t change my pay much, but it will make me more attractive in my field. Three years in, I can see the light at the end of the tunnel.

I would suggest you think about how a PhD fits into your long term career goals and passions. I enjoyed my MSc research, fancied a career in academia, loved my professor and was fortunate to be offered a PhD scholarship so it was a natural yes. After my phd though I left academia because I didn’t fancy the bureaucracy of it all (publish or perish etc). So I moved into industry research and was fortunate to work on cutting edge energy transition technologies. If you do move into a client facing role, Guidehouse 1 is right, it definitely brings an immediate level of respect of clients, colleagues and seniors too.

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