Depends on what type of job one is looking for; it depends upon the niche. - i think that as an algorithm expert one will find places that do value a Ph.D - a

Depends on what type of job one is looking for; it depends upon the niche. - i think that as an algorithm expert one will find places that do value a Ph.D - as developer/coder you will have to consider that your prospective manager will feel discomfort at managing you (regardless of the applicants coding skills); A manager needs somebody who gets the job done, he does not need somebody smarter/more educated than his own person.