Why a PhD is Worth it!

He adds that PhDs are required for the discovery of new drugs to satisfy the health needs of an ageing population, to continue making communication technology (iPhone, iPad) as one of the major driving forces of economic activities in modern society and to develop the understanding of humanities as society faces the challenges of coping with the side-effects of science and technology.

“Areas with high demand for very specialized and high level research skills demand PhDs. In the current economy, these areas may be biotechnology, information systems and medical and environmental engineering.

"That said, a PhD in liberal arts discipline is likely to be a passport to employment in any number of areas from media to political advising to independent research work,” says Dr Emmaline Bexley, Melbourne Graduate School of Education, University of Melbourne, Australia.

Sectors such as manufacturing, scientific research and development, health and social work and business activities all welcome PhD holders.

Besides this, a PhD degree helps you develop valuable transferrable skills, which are held dear by the employers. The very nature of the degree teaches candidates to be team players, problem solvers, have great presentation and communication skills apart from having an analytical mind and perseverance.

“Employers value the transferrable skills which PhD candidates bring to the table and they take on PhD holders from a variety of disciplines. The process of doing a PhD is often recognized as a training in creativity, critical inquiry, negotiation skills, professionalism and confidence,” says Dr Nathalie Mather-L’Huillier, Postgraduate Recruitment and Admissions Manager (Research), University of Edinburgh.

Dr Harry Kelly, Chemistry Operations Manager, GlaxoSmithKline, says that many view a PhD as an excellent means to acquire theoretical as well as practical skills. He says, “Together with high levels of innovation, creativity and ability to solve complex problems…PhD…enhances transferable skills such as communication skills and the ability to work in a team, both of which are critical to the achievement of our drug discovery programmes.”

Doing a PhD is not as much about ‘patience or persistence’ as much it is about ‘quality and preparation’ according to Professor Richard Anthony Strugnell, Pro Vice Chancellor (Graduate Research), The University of Melbourne.

That is why those who earn the degree are held in high esteem. It wouldn't be wrong to say that a PhD degree gives gravitas to one’s social standing. “In society, a PhD in any field still stands for something,” says Professor Thomas Vogel, Pro Rector for Doctoral Studies, ETH Zurich.

However, it is also a degree to be pursued by only those who are truly driven to do something original, create a new knowledge base and be prepared to discover the unknown. “One of the hardest things to do in the world in educational terms is the PhD, but the rewards are amazing. The self-fulfilment and satisfaction you achieve from it pushes you to go through all the hard work and toil,” says Prof Andrew George, Head of Graduate School, Imperial College London.

But he also adds, “You should only do a PhD if you are really interested in it, not if you can’t think of doing anything better.” Point taken!

• More about the benefits of completing a PhD >