My advice is: consider doing what you would least like to go back for, years from now. Ten years from now, it may become difficult to choose a PhD. It may hav

My advice is: consider doing what you would least like to go back for, years from now. Ten years from now, it may become difficult to choose a PhD. It may have far less financial impact if one has developed deep industry experience. However, even so, a PhD will still create wider opportunities for changes to other markets and career tracks. When your kids enter college, going back for a PhD may become unthinkable.