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The short answer is ‘yes,’ it is easy to get a job with a Masters / MBA than with a PhD. How can that be?
You have to think about the supply and demand of a PhD degree. A PhD degree is a relatively specialized degree, and there are only limited number of spots where you can find a job that fits this skill set.
Most people believe that it is the candidate that is unwilling to take lower positions, but I really do not think this is the case.
While you do gain a lot of specialized knowledge from the PhD that far exceeds what you would gain in a masters degree, most people do not understand what a PhD is and thus, it reduces the number of industry opportunities for you. It is more that the PhD screens you out of opportunities.
I have had a family member that is a recruiter tell me that I would have better success if I removed the PhD from my resume. That is crazy, but it is a matter of people having a ‘bin’ for you, and if you do not fit that ‘bin’ than they will quickly find another candidate to fit that classification.
This is why it is very common for PhDs to move great distances to obtain jobs, or even take considerable pay-cuts for their comparable skillset. It is extremely common for MBAs at business schools to make more than their professors. This is called salary inversion.
Then, why do people choose to do a PhD? The answer is that you are pursuing something that you love that people are willing to take a pay cut for this luxury. Further, in the long-run, you also possibly have great opportunities if you keep pursuing your dream.
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Do PhD Scholarships Matter For Acceptance In PhD Programs?
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Overcoming PhD Challenges: Solutions To Common PhD Challenges
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Doctor Of Business Administration (DBA) And PhD in Business Administration Program Cost
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How Long Does It Take To Become A Full Professor? Why Does It Take So Long?
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How Many PhD Applications Should You Send Out For Grad School?
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David Maslach is a research professor of entrepreneurship, innovation, and business strategy, I discuss topics, such as behavioral science, strategy, innovation, and entrepreneurship, and apply these to my new peer proofreading and editing platform. Topics include the sharing economy, altruism, investing in technology, starting a business, and bounded rationality. My favorite videos pertain to incentives, goal setting, and learning from failure to drive behaviors such as weight loss, stopping telemarketers, creating novel technologies, and creating new movements.
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What's The Fastest Path To Your Dream Job?: Masters Or PhD?
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