QuoteOriginally posted by: twofishQuoteOriginally posted by: vincentsgI am finishing my MFE from ( one of CMU NYU Chicago) . I noticed that many jobs requrie PHD and a PHD give one more options in career development/advancement and likely more $$$.Never do a Ph.D. for career advancement. There are much less painful ways of advancing your career. Also, if you have an MFE from a decent school, and you can't get a position, then I don't think that the Ph.D. is going to help you much.QuoteAs far as I know , recently MS , GS ets require PHD for their junior quant positions.That's not true.I'm interested in this topic as well. Currently I don't have a PhD and recently (\sim 1 year) started as a quant (hard core), but not in a top place. Tryin to figure out if it's worth takin one.I definitely would like to, but I don't think it'd be wise to leave my job to take one. According to many (see our beloved Dominic), that's the only way to get to top places in top positions, but I'm not entirely convinced. What is evident is that this year I've learned so much (and I am talking about technical knowledge, but not only) that it seems unlikely to me that a PhD programme could stand comparison, and so I don't see the point in requiring a PhD for juniors.Part time seems to be the best option, having I enough time and will to sweat my ass off. But I'm not in the UK so this seems unfeasible (I don't think anyone's ever gonna accept my application for a distance programme).@twofish: are you sure that a PhD is not required in MS, GS etc? That's not my impression. Is the brand of the school so important, even if it's not a UK one?And back to the OT, QuoteOriginally posted by: twofish What's the difference in the career path between a master quant and a PHD quant?