Steve Tippins Ph.D. tells prospective doctoral candidates to do the math on whether a doctorate pays off. Calculate the salary bump against the years and money you'll spend, then figure out if the raise lasts long enough to make it worth it.
There are some reasons that maybe getting a doctorate may not be worth it. If you're getting a doctorate to get a raise, let's balance the costs of getting a doctorate and all those economic and other time costs versus, I'm going to get a raise. How long is that raise going to be for? How much is that going to add on to other things? And you can do the numbers and figure out whether it's worth it to you. Drop the word "help" in the comments and I'll send you the link to our free dissertation help community.
