The value of a doctorate depends on the field of study and your professional goals. The earning potential varies greatly across fields of study and professions. While people with doctorates generally earn more, the comparative advantage of earning a doctorate is hard to discuss in the abstract.
Jaron recommends the following next steps:
- Reach out to people with a doctorate in your desired field of study or profession and ask about the value of their degree to their professional development and career options.
- Use career resources such as Glassdoor, PayScale, Occupational Outlook Handbook to see if a doctorate is common or necessary for professionals in your desired job categories or professions.