An opportunity came up recently on doing a PhD at one of the golden triangle. The research will be in an engineering / computation related subject.

There are a number of issues to consider, with funding being one of them because if I'm doing this, it'll be funded by my company possibly with supplements from EPSRC UK. I will most likely be working half the week, with another half working in the lab.

I already know my research topic (it'll be on the applied side) and the supervisor (we have collaborated together and produced joint papers) so I am still targeting a 3-4 years completion date.

What I can't decide is whether I should walk away from my current job (I am pretty nicely paid) and a good team, and will also require me to move back to UK (I'm currently in Australia).

My experience has always been in the industry, and I intend to remain in the industry. Not expecting a pay rise with a PhD, but wanted to do it because it'll open up doors for me in the really exciting stuff.

I am 30 years old currently with no commitment.

Welcome thoughts from those who have been through this process before. Many thanks!