Why should a master’s student pursue a PhD?
In the current economy, more education can set an applicant/employee apart from competitors in getting a job/promotion. However, this in itself is not a good reason to pursue a PhD. A good doctoral student tends to have the “itch” of curiosity and be able to take initiative and work autonomously. In transitioning between a terminal master’s and PhD program, a master’s program will tend to give the student exposure to the field with less of a time commitment (e.g., 2–3 years for a full-time student) than does a traditional doctoral program (e.g., 5–7 years for a full-time student). One of the most important considerations that an individual should make before transitioning to a PhD program is the type of work that the individual wants to do. Within consulting work specifically, there are a couple of advantages that should be considered. First, in many consulting firms, an individual will be unlikely to make partner unless s/he holds a PhD. This sets a definitive limit on the amount of v
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