Do Employers Value PhDs?

#1

The idea of doing a Ph.D. does really appeal to me particularly as I enjoyed the academic aspects of master study without concerns that by staying on to do a Ph.D. I might simply become unemployable. After all I was spent in the 10 years in higher education and although I’ve undertaken work experience fundamentally cannot compete with somebody left university and 21. Do employers really value Ph.D. Or is it more a case of a line of pursuit for those who wish to stay in academia for all their life?
In reality may well be interested in staying in academia as a lecturer but I don’t want to put myself in a position where I cannot possibly work with the large accounting firm and I worried that by completing a Ph.D. I may effectively put myself out of the running.
Has anyone experienced this type of problem and is it possible to have too many qualifications to appeal to employers?

#2

Maybe I’ll get shot down in flames but I must say I’m a bit sceptical about the value of a PhD for the purposes of obtaining employment outside of academia. One of the main concerns that employers seem to have is that students are academically bright but can’t fit into a work environment and apply practically what they have learnt in university. With that in mind I just can’t see how a PhD will help? Then again if you really enjoy academic study and can get some help to do a PhD then why not particularly as getting a job is difficult then doing a PhD is better than sitting around doing nothing.
In terms of whether many employers really care about a PhD or not I would say it’s probably not the most important thing on their mind.

#3

As someone who is in Academia let me offer a few thoughts. The truth of how much use a PhD is outside of academia will lie in the research subject.
If we take the sciences as a good example then those who hold a PhD in lets us say microbiology, will always have a place in the research laboratory whether that be in a university or a pharmaceutical company. The PhD in software development will also be of use outside of the field of academia.
However if your research is in the filed of inflation accounting then there is little place for you in the real world of accounting and research and academia is your home.
This is very much a question of horses for courses and also of matching the right jockey with the right horse.
To do a PhD because you cannot fund a job? Not sure on that. A good PhD is very hard work so looking for work after your masters may be a better option.

#4

As someone who is in Academia let me offer a few thoughts. The truth of how much use a PhD is outside of academia will lie in the research subject.
If we take the sciences as a good example then those who hold a PhD in lets us say microbiology, will always have a place in the research laboratory whether that be in a university or a pharmaceutical company. The PhD in software development will also be of use outside of the field of academia.
However if your research is in the filed of inflation accounting then there is little place for you in the real world of accounting and research and academia is your home.
This is very much a question of horses for courses and also of matching the right jockey with the right horse.
To do a PhD because you cannot fund a job? Not sure on that. A good PhD is very hard work so looking for work after your masters may be a better option.

#5

Hi. One of my friends who works at a big 4 accounting firm started doing a PhD and spent 1.5 years doing it in economics. He then realised it wasn’t for him and has got a fantastic job in a top accounting firm. now i’m not saying that if you start a PhD and stop mid way you will defo get a job like that BUT it does happen and with appropriate reasons employers will understand.

#6

Sniper

I think your friend has got it spot on. The dedication needed to complete a PhD is enormous, bearing in mind that in almost all cases the strength of research lies with the student. The benefit of PhD’s has been thoroughly discussed in these forums and to sum up they would appear to only have value in specialist fields. Does a PhD have a great value in the field of accountancy? In my view I cannot see where the perceived value is. The PhD may be completed, and it almost a no-brainer to say that it will be necessary to qualify as an accountant before any more progress can be made. just think how much time and money will have been spent before a career is started.
For me your friend was right. Unless you are totally committed and know exactly where the knowledge gained can be applied it is probably better to pull out.

#7

Hi Stella! I would like to share my experience. I have just completed my PhD in Marketing. I have always been scared that I will become unemployed and that companies do not value PhD students. Many friends who work in large corporations told me that my PhD will not help me to build a career in a company and that PhD is good if you want ot stay in academia. THIS IS NOT TRUE!

Your PhD is knowledge. You will be able to demonstrate your excellence on your job interviews and believe me, you will look much better thanany MSc or BSc. Many MSc and BSc students are not able to demonstrate even very simple depth analysis. They require a lot of additional trainnings and companies spend a lot of money to teach them again. PhD graduates are usually a different case because a deep analysis and research is their main expertise. These people progress within an organisation much faster. What is a subject you would like to study? If you are good with fugures and maths and you can do PHD in Economics you will be able to get an excellent job. Many of my friends who completed PhD in Economics work in JP Morgan and GS now. Their start salary was 60-72K. Guess why… because many BSc and Masters graduates have serious problems with maths analysis. Also, many companies have graduate programmes for PhD students which is another way to find a job. What else? If you want to target the World Bank you HAVE to finish PhD. If you want to be in R&D - product development etc you should finish PhD.

Good luck!

#8

Hello there, nice topic, as I see it I agree with @Niag
sometimes doing Phd is better than doing nothing
I have Master in Multimedia Management, a year passed now, well I am sure traineeships is better to start with
Anybody can guide me towards finding a traineeships?
www.internsme.com
is a good website do anybody advice me for a realated one inUSA, Canada, Europe