This discussion could be carried all the way up into post-graduate education because I've had the Masters vs PHD debate with a number of friends.
What's this debate about?
Val
Whether it is worth it or not to suffer another 2-4 years to get the PHD. Will it really open any more doors? Will you learn anything new or gain any new skills?
This is specifically in the Computer Science, EE, and Chem E fields. Other non-E fields such as actuarial science and financial analysis as well. The tools, projects, and financial and emotional rewards are available almost immediately to those with Masters degrees (and some BS) who have proven skills and reputations.
Why should I struggle until my forties to become the primary in academia when I can be the primary in private firms when I am 30?
If you want to do research, you can do it on company time at a lot of places or on your own using resources far beyond just about any University.
And no grant hassles.
