The Benefits and Detriments to Earning a Doctorate Degree

There is no question that earning a doctorate degree creates more career opportunities both in terms of salary eligibility and type of employment. Unfortunately, these opportunities come at the price of many years of foregone labor market earnings. Many doctorate degree candidates are unable to find work in their field while they are actively pursuing their degree, which can lower earnings even further over the course of their academic career. In addition, doctorate degree programs are expensive, and often require candidates to borrow substantially in order to complete them. On the positive side, however, lost earnings, even if invested at the time they are earned, are more than likely to be compensated and eventually surpassed in the years immediately following grad View the rest of this article