Pretty much. To me all a PhD signifies is that you can read papers quickly, form a workable hypothesis from what you have read and publish a solution to that in

Pretty much. To me all a PhD signifies is that you can read papers quickly, form a workable hypothesis from what you have read and publish a solution to that in a reasonable timeframe. It's specialized training that's great for some fields, and completely orthogonal to the requirements of many others.