Finishing a masters (science related), accepted for a PhD in pharmaceutical economics (non-science related)at U Maryland, full funding+stipend.

Received a job offer.


No, a PhD has not been a life dream, actually it became an option after starting my masters. I have spoken to people in industry that tell me a PhD is exceptionally beneficial, and that I will only go so far with a masters. Obviously there are exceptions, but what do you guys think ?

I am newly married, and geographic location does not matter. So, obviously taking a job now would be great financially.

I dislike scientific research (LAB) but have never performed health outcomes research (regressions, etc), so I have no clue if I will like it. Is the obvious answer not to accept the PhD?

I am worried I may not like this aspect of the Pharma industry, or perhaps I will love it, and have a great career because of this decision...looking for some perspectives please.

Oh, FYI, I have never worked, been in academia pursuing my masters and bachelors for the last 6 years. So, while the job is in the field Im interested in, I do not have experience.

Sorry for the slow response on this. I can't talk about experience, but a general point is that you have many years to think about your job, whereas opportunities to do PhDs don't come around very often. So long as you are aware of the slog involved and that your motivated to get through it, you should grasp this opportunity with both hands.

Hi,

It is a very personal decision. I tried to put few things together about PhD in general which you can read at my blog:
http://www.educatedbeing.com/2006/06/22/6-phd-myths-explained/
http://www.educatedbeing.com/2006/07/08/who-should-do-phd-and-why/

I hope it helps. My personal opinion - if you are not sure about doing a PhD, it is always better to get some job experience. Secondly, be very open to your family about why you are thinking of doing PhD and ask their honest opinion on how it will affect them for next X years. Family support matters a lot. Let us know what you decide.