No idea how to make money in science!

posted
18-Apr-18, 17:58
Avatar for vesper66
posted about 1 year ago
I am currently considering a PhD do the hundredth time, having graduated with a high 2:1 and an MSc. I have worked in the life science industry for three years however at twenty six, the salaries ahead look a bit daunting. I was earning higher wages working in bars as a student and the financial situation is really starting to get me down. I am considering doing a PhD to enhance my career trajectory, however I am subside which next step would be the most lucrative.
posted
20-Apr-18, 00:46
edited about 4 minutes later
by pm133
Avatar for pm133
posted about 1 year ago
Quote From vesper66:
I am currently considering a PhD do the hundredth time, having graduated with a high 2:1 and an MSc. I have worked in the life science industry for three years however at twenty six, the salaries ahead look a bit daunting. I was earning higher wages working in bars as a student and the financial situation is really starting to get me down. I am considering doing a PhD to enhance my career trajectory, however I am subside which next step would be the most lucrative.


Doing a PhD for financial reasons is a terrible idea.

You earn big money with specific industrial experience in something which companies require but can't easily source. You are already in industry. Why would you come out? Surely it would be easier to identify a better job and train yourself for it in your spare time?

What kind of income are you after anyway?
posted
20-Apr-18, 10:32
edited about 13 seconds later
Avatar for Tudor_Queen
posted about 1 year ago
I don't know your company or area of work but in general I think if £££ is the goal then the best bet is work your way up... team manager, so forth... until your experience and skills afford you a more lucrative role! I don't know how a PhD would equip you better than the MSc you already have, unless you have a specific goal in mind that requires you to have a doctorate. Doing a PhD is a sure way to get stressed and strapped for cash! Do not enter unless you really want or need to have a PhD!
posted
02-Jun-18, 21:38
Avatar for BiomedBadass
posted about 1 year ago
For anyone having trouble identifying suitable career opportunities post-PhD, I write weekly posts offering support and advice for researchers considering their options inside and outside of academia. The focus is predominantly for biomedical and life-science researchers as my own experience is in the pharma industry, but there are generic tips and advice for all researchers. Check it out at:

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