Monday 29 August 2016

travel - What are the benefits of getting a PhD in statistics?


I've been working as a statistician in the marketing world for two years, and I have an M.S. in applied math. I want to change industries a bit (maybe epidemiology or engineering) and I also want to live overseas (ideally, a job where I'd live in one country for a few years and then move on to another).



So, my question is: to accomplish these life goals, does it make sense to get a PhD? Or, is there some other route that would be more beneficial?



Answer



A doctoral degree is a credential signifying largely that you are capable of doing independent research at the highest possible level. It is not, in an of itself, a ticket to working in a particular industry or in a particular location any more than a bachelor's or a master's degree. In fact, PhD holders may have substantially more challenges in those aspects, because the additional qualifications make them unattractive for many positions in conventional businesses and industries. (You are unlikely to find a PhD working in a sales division of a multinational conglomerate, for instance.)


The reason to get a PhD is because you are interested in problem solving and doing original work. If this doesn't describe your motivation, I would recommend against pursuing a graduate degree, because it will be a very long few years of your life which are not guaranteed to achieve the objectives you've laid out.


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