Is a PhD Degree Really Worth It?

Dr. Ming
ILLUMINATION
Published in
10 min readSep 18, 2020

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Photo by Dr. Ming

According to the U.S. BUREAU OF LABOR STATISTICS, advanced education is associated with a higher income. On average, obtaining a Master’s degree has the potential to increase income by 16% to 44%!

An increasing number of professional workers have obtained or are pursuing an advanced degree after a Bachelor’s. Nowadays, it is getting harder to stand out in the job market without an advanced or terminal degree. However, a longer time spent in school also means a heavier financial burden and less experience in the industry. So, is it worth it to pursue a doctorate degree?

Doctorate degrees usually means highly SPECIALIZED skills, which is a coin with two sides.

What You Gain with a PhD Degree?

Why should you get a PhD? Here are some of the important transferable skills I acquired during my PhD studies. These skills are not new to PhD, but my PhD experience completely transformed me in these skills.

Research Skills

In bachelor’s programs, we mainly learn from professors and textbooks. In Master’s programs, we learn to consume research and even get to try our own thesis projects. Overall. for Bachelor's and Master’s, the goal of studies is to pass the courses and apply the knowledge to practice.

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Dr. Ming
ILLUMINATION

Ph.D. — I write about education, health, productivity, mindset, & personal finance~ Lifestyle YouTuber @Ms. Ming Lifestyle