If one want to be more successful in finance industry,should he enters finance industry with PhD in quanor should he enters finance industry with MS in quan fin and earns moreexperience than PhD?Which choice is more valuable?Thanks.

The one that makes you happier

which choice can give me more money? Thanks

if your only motivation for doing a PhD is money, dont do it. PhDs are long and hard and a labour of love.

MJ >> PhDs are long and hard and a labour of love.Exactamundo. The PhD is the sweet-and-sour dish of education. Be prepared for ecstasy and misery.

1Edward, have you thought about becoming a pop-star?

<blockquote>Quote<hr><i>Originally posted by: <b>1Edward</b></i>If one want to be more successful in finance industry,should he enters finance industry with PhD in quanor should he enters finance industry with MS in quan fin and earns moreexperience than PhD?Which choice is more valuable?Thanks.<hr></blockquote>This is certainly an age old question, one that I used to go crazy over (and sometimes still do). The comment by "mj" is the best answer to this question and one that I've heard from others in the forum. From what I understand, the downside risk in doing a Phd is not at all offset by any upside benefit (economically speaking at least). No one is really clear on the direction of the quant market and someone who were to do a Phd today at time t=0 would be faced with quite a bit of volatility from when he begins until the day t=n when he completes it. Furthermore, unless you are truly passionate about the subject and wouldn't mind a life within the walls of academia, don't undertake such an endeavor. For these reasons and more, I have decided against doing a Phd. A masters degree may the best bet in terms of controlling the risks and reaping benefits. Hope this helps.