QuoteOriginally posted by: EdgeySo what makes you badly want to do the PhD? PhD gives you cutting edge knowledge in a very small area (rarely valuable) and the ability and confidence to research on your own (invaluable). You want to work with quants, fine, but you don't need a PhD for that, just textbooks and papers. If you don't have interest in the topic then you are more likely give up before completion, then that is a few years wasted. If you are just doing a PhD for career progression then the process will be much harder.I think reasons for wanting a doctor are very different from person to person, but are mostly one thesescholarly interest: the chance to do actual research without a deadline, meaning that you can really think through a problem in great detail to arrive at a good solution. that sounds real nice but quite often people realize that in reality is just sucks to write 300 pages on a very specific issue, because really who cares?fear and laziness: being afraid of the real world or feeling that university was so nice that doing it a couple more years could be much better than getting a "real job". that too sounds nice but often these people are slackers, and while 23 years old slackers are probably fun, being a 32 year old slacker is really sad and the longer you stay in university the smaller get your chances to ever get a real job.strategic decisions (incl. vanity): e.g. when the finance job market dried up a lot of people decided that doing a PhD was a smarter activity then being unemployed or working without a bonus. these people tend to be the quickest, but also the most depressed phd students cause they are not really interested into the research. if it's hard to write 300 pages about a topic that you mildy care about, just imagine how much harder it is to do this with a topic you only picked for strategic reasons. vanity: like it or not a dr. pretty much is the only title that carries weight and people automatically give you some kind of anticipatory confidence and it's much harder to call bullshit on somebody whose a doctor.I think people that do PhDs for reasons of vanity and strategy tend to complete unless they are idiots. Normally they will bitch about how horrific a time they had constantly. Lazy people who escape the real life with a PhD almost always fail. I just though about guys like that from my universities and I literally cannot think of a single lazy person that ever graduated. so i would strongly recommend against doing a PhD for this reason.
Last edited by CrashedMint
on October 29th, 2011, 10:00 pm, edited 1 time in total.