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dvorakcoder t1_j2qt3o8 wrote

Reply to comment by madeInSwamp in [D] life advice to relatively late bloomer ML theory researcher. by notyourregularnerd

The salary gap isn't that different from master to phd, while the person with a master degree will have an additional five to six years headstart on accumulating tech salary wealth and career growth.

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VarietyElderberry t1_j2r43xd wrote

This. A PhD can ask for a higher salary than a master student, but a person with a master and 5 years of experience can ask for a higher salary than a PhD student.

I wonder if having a PhD will allow faster growth to a senior position such that a PhD will win out in the long term. I'm guessing on average the difference is not that big in the long term.

As others have said: ask yourself why you want to do a PhD. If it is to get a higher salary, you might want to think again.

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