What will a Ph.D. do for you?

Are you wondering if it is worth it to attain a Ph.D.? If you have a specific area of studies such as the Sciences or Humanities and Arts, you are highly passionate about – you are likely to consider taking a Ph.D. However, as you may already know, it is an enormous commitment to pursue. 

Keep reading if you want to know the benefits and drawbacks of a Ph.D. to recognize what it can reach and accomplish for you!  

What is a Ph.D.?

A Ph.D. stands for “Doctor of Philosophy.” It is the further study or mastery of a specific field of study. It is the highest possible educational degree you can attain. You can pursue it immediately after undergraduate studies, or wait for multiple years after achieving an occupation. It is approximately three years long in duration, with a dissertation in the end. The dissertation should contain new findings that would contribute to your current field. 

Benefits 

Title 

Despite sounding superficial, you can attain a Dr. in front of your name. It proves your mastery and expertise in the field of the study. It can increase the amount of credibility in your work. Including it in business cards also encourages employers to acknowledge the extent of your knowledge – especially in research-oriented careers. 

Improve Skills 

Pursing your Ph.D. will improve your skills in research and analytical analysis. You will also hone skills due to exposure to teaching, conference presentations, publications, public engagement, and communication. These encourage you to improve your speaking and networking skills – which can be beneficial once you graduate and seek employment. 

Improve Yourself 

Taking a Ph.D. can be to improve yourself and your confidence. It can be a way where you are able to solve better and find solutions or immerse yourself in your passion. Surrounding yourself with like-minded people and converse on topics that you find genuinely interesting can also boost you and your social circle. 

Drawbacks 

Low Premiums 

Attaining a Ph.D. does not necessarily make you more competitive in the job market. Most times, employers will perceive you overqualified or possess too minimal practical exposure to the field. However, this is dependent on the job type. 

If you plan to take a Ph.D. to increase your salary premiums – it may only be useful with research-based jobs. Ph.D.’s do not have a large salary premium compared to an individual who took Masters, which is only one year. 

Long Hours 

Classes and lectures can range from eight to ten hours, several times a week. It is added to the time you have to spend on independent research in the library and lab. Expect hours to be also consumed with teaching other students. There is a large extent of your time immersed in one field of study for a very extended period. The majority of Ph.D.’s are three years. Individuals who do not get a Ph.D. would have experienced promotions once you attain your degree. 

Expense  

As previously stated, you will be working. However, payment is not competitive. In comparison, you will not be earning a substantial amount. Additionally, in those three years, you are expected to pay for your university and everyday living expenses. 

Will you get a Ph.D.? 

There are benefits and drawbacks to attaining your Ph. D. It has implications in your life and the job market. It may positively impact your job if it is heavily researched and analytically based. Yet, there is a significant commitment. However, the decision is ultimately on you and how you want to pursue your aspirations and goals. A Ph.D. requires immense time, effort, and passion.