A PhD. stands for “doctor of Philosophy as in, someone who completes their doctorate degree. It is a prestigious degree that typically takes 5 or more years of full-time study (and more if you study part-time) to complete. Apparently, it is the highest level of academic degree and is the gold standard for scientific research.
What is PhD.?
A PhD. is an advanced degree, usually requiring a minimum of 4 years of full-time study and research. Some career fields, such as law and medicine, have a mandatory requirement for this degree.
Apparently, a PhD. is one of the hardest degrees to obtain, however, it is also one of the most valuable. But, before you commit to a PhD. program, consider all of the costs and benefits involved.
The 4 Pros of Studying PhD.:
Job advancement
You can build on your education and experience to gain more responsibility, earn more money, and move up in your career. Advancement in a career is one of the most important things for a PhD. degree helps achieve. It can mean different things to different people, some of these include more responsibility, more people reporting to you, more money, and more vacation, to name a few.
Higher earning potential
According to PayScale.com, PhD. holders earn an average of 15 per cent more than workers with only a Bachelor’s degree and 22 per cent more than workers with a Master’s degree.
Greater job security
Jobs in fields requiring a high level of education, such as medicine and education, are expected to grow at a healthy rate through 2026, while many other fields are expected to experience a decline.
Job satisfaction
A doctorate is a lifelong pursuit, so those who pursue it are truly pursuing their passion.
The 4 Cons of Studying PhD.:
It is very expensive
A PhD. or Doctor of Philosophy degree is the highest level of academic education for someone seeking a career in academia or a research-based professional field. (For more on the different types of doctoral degrees, check out: What are Doctorate Degrees?). A PhD. is generally thought to be one of the most valuable degrees in the educational system, but, unfortunately, it is also very expensive.
You have no idea about the degree you are going to get
Getting a PhD. in any field can be incredibly difficult and can take years to complete, so, understandably, a lot of people have a lot of questions about what it takes to earn a PhD. degree. Some students have questions about the degree itself, while others have questions about whether they should get one at all.
It is very difficult to get a preferred job
It is difficult to get a job after studying for a PhD. Contrary to popular belief, it isn’t necessarily the key to all success. One, it is very hard to obtain, and second, it isn’t known for offering many job prospects.
You don’t have any idea about the research you are going to do
Everyone likes to research. It helps students learn. It helps scientists advance knowledge. It helps companies make products people want. However, if you are unable to find a guide in your area of interest, you may need to switch to a topic of his liking.
Why should we pursue a study in PhD.?
A PhD. is a doctorate degree usually earned after completing a great deal of research and writing a thesis. It is a highly sought-after degree that signals to employers that the individual is highly capable and dedicated to hard work and learning.