From my own experience. - B.Sc. Learn enough to enable you to get on the job training - M.Sc. Meaningless, just a stamina test to check if you can focus adequ

From my own experience. - B.Sc. Learn enough to enable you to get on the job training - M.Sc. Meaningless, just a stamina test to check if you can focus adequately on a narrow field. - Ph.D. A sort of a license to do research. A 'degree' is just a 'key' to your first job. From there onwards its YOU, your capabilities and most important your character. In many instances a Ph.D. will be viewed by prospective Employers as a disadvantage calling you (theoretical) rather than (practical). The greatest benefit of a PhD to me was it developed my analytical and research skills, which I could apply in different settings (i.e. not just Engineering). Its downside being too analytical screwed up quite a few personal relationships :)