4 Reasons to Choose a PhD Over a Master’s
Dear young graduate, consider opting for a master’s if you see your studies primarily as a means to emigrate (‘Japa’) and are not particularly focused on an academic career. However, if you are drawn to the world of academic research, the prestige of being a global problem solver, and the job security it offers, pursuing a direct PhD in the US, UK, or Canada is a wise choice. Here are four reasons why:
- More Funding for PhD Studies: In the US and UK, funding is predominantly available for PhD students. This is due to the longer duration of PhD programs compared to master’s, allowing funding bodies to realize more value from their investment in students.
- Pathway to Permanent Residency: In countries where permanent residency is based on the duration of stay, a PhD provides a longer period of residence, increasing the likelihood of obtaining permanent residency.
- Job Placement: PhD graduates typically transition into Postdoctoral Researcher roles, offering a seamless move from student to employee. In contrast, master’s graduates often have to navigate the job market as recent graduates.
- Severance Benefits: Funded PhD positions offer stipends ranging from $24,000 to $36,000 per year, whereas master’s students typically receive $15,000 to $18,000. In the UK, while there’s no standard pay scale for master’s students, PhD students receive around £17,668, as per the RCUK scale.
Additional Points to Consider:
- A master’s degree is not a prerequisite for pursuing a PhD in the US, UK, and Canada (in some cases).
- With just a BSc, you can apply for a PhD position through the ‘Direct PhD’ scheme. In the US, you are awarded a master’s during the second year of your PhD journey.
- There is no age barrier to pursuing a PhD. As long as you have a BSc and the ability to conduct research, you are an ideal candidate.
Now that you are informed, it’s time to take action and explore funding opportunities for your PhD journey.