Business Operations @ LinkedIn
Mountain View, California
In my experience, the issue isn't so much the competition in the industry, but that deep technical experience is necessary to pursue meaningful work in biomedical engineering. Even graduating with a Master's degree in Biomedical Engineering, I found that most of the positions available to someone at that experience level were in things like Quality Assurance or patent law - good jobs, but hardly what I had imagined doing with my degree. Completing a PhD in Biomedical Engineering would require you to study a very niche area in depth, likely making you THE foremost expert in that small domain, and that knowledge would hopefully be valuable to some employer. Alternatively, I would recommend pursuing a degree in a more basic engineering, like mechanical or electrical engineering, and using extracurricular and elective coursework to establish yourself as qualified to work on the mechanical or electrical components of something like a prosthetic, surgical tool, or implant, depending on your interests.