2006-12-05 14:43:31 · 14 answers · asked by markt_sf 1 in Education & Reference ➔ Higher Education (University +)
BS Everyone knows what that means...
MS means More of the Same.
Ph.D. means Piled High and Deep.
Not really, but it's kind of funny.
There are some careers where a Ph.D can command a high salary, as long as it's backed up with the requisite performance. A Doctorate level Electrical Engineer can make a great deal of money.
Many with a Ph.D though work as academics and researchers. Though they live on average quite comfortably, not all do. Some actually choose fields of study that don't afford a high salary, but get their reward in the pursuit of knowledge.
Whatever they choose, dedicating their lives to the amount of study and research necessary to attain this level of recognition is an achievement in and of itself.
2006-12-05 14:49:50 · answer #1 · answered by Deirdre H 7 · 0⤊ 0⤋
An MBA is probably the biggest money winner (or at least the highest ceiling,) other than a physician (MD.) I've heard the MBA called the 'currency of business.' That's what most CEOs and chief level business people have.
PhD's are usually academics. In other words, they are professors or scientists. They'll make a good living but they probably aren't going to make more than low six-figures. Certainly some PhD's make lots of money, but in business the MBA is the balls.
2006-12-05 14:54:50 · answer #2 · answered by Elvis W 3 · 0⤊ 0⤋
Not really, The Ph.D is a safety net... because if you have a Ph.D that doesnt necessarly mean that you are going make 350,000 dollars a year automatically. The only thing a PhD gives to a person is more credibility because a person took a lot of time studying the subject they are good at.
2006-12-05 14:50:44 · answer #3 · answered by SteamedCopper 3 · 0⤊ 0⤋
The PhD (in fact any college degree) opens doors. But what happens when you walk through (if you walk through) depends on you.
Do they mean more money. Statistics say yes.
***************from http://www.bls.gov/emp/emptab7.htm***
First column - Unemployment rate
Second Column -Degree
Third Column - weekly salary
1. Doctoral degree $1,421
1.1 Professional degree 1,370
2.1 Master's degree 1,129
2.6 Bachelor's degree 937
3.3 Associate degree 699
4.2 Some college, no degree 653
4.7 High-school graduate 583
7.6 Some high-school, no diploma 409
Prestige - Yep. Bunches
2006-12-05 15:04:35 · answer #4 · answered by gumbeaux257 2 · 0⤊ 0⤋
Usually, yes - depends on what you plan to do with it. A housewife with a PhD will make no more than one without =)
2006-12-05 14:45:39 · answer #5 · answered by Sarah 3 · 0⤊ 0⤋
Well of course man! Its better saying, I have a Phd in ..... than saying Hey dudes, its my eight year working in McDonalds, I smell a raise!!!
2006-12-05 14:45:40 · answer #6 · answered by memolino2007@sbcglobal.net 2 · 1⤊ 0⤋
Possibly, there's no guarantees. Believe it or not there are even poor lawyers (well, relatively poor- lower middle class)
I personally know some...
2006-12-05 14:47:22 · answer #7 · answered by Anonymous · 0⤊ 0⤋
yes, but only usually amongst those who have them! it's definately an 'in the club' kind of thing.
however, i wish i had the energies to take my studies that bit further!
2006-12-05 14:46:44 · answer #8 · answered by noodle 3 · 0⤊ 0⤋
For most people, it does not mean more money. Get an MBA for that.
2006-12-05 14:47:29 · answer #9 · answered by Ranto 7 · 1⤊ 0⤋
No, the only way to go is the high quality and coveted MD.
2006-12-05 14:46:55 · answer #10 · answered by Anonymous · 0⤊ 1⤋