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i think what he meant was, pursuing a PhD opens the possibility of entering academia, and if not, the time and attainment is not wasted financially. also, he m

i think what he meant was, pursuing a PhD opens the possibility of entering academia, and if not, the time and attainment is not wasted financially. also, he might include that STEM professors earn higher than other academics and have many opportunities to earn high rates of consulting pay, and or spin off to found companies, etc.

hocuspocus 4y ago
It's very hard to come back to high-tier academia from a PhD in industry. Let alone becoming a professor. And clumping STEM together is always a bit silly when we're discussing such topics, not all fields are the same. The opportunity cost and ROI of a PhD in CS is going to be vastly different than one in biochemistry, for instance.