Both PhD and Exp has its pros and cons. Some asked me to go for PhD and some telling me experience always has an upper hand than PhD. I googled this but none of them give me a direct answer. I even speak to a few PhD holders as well as some seniors whom already out working, both has different opinion on how PhD job career landed. Hence below are the pros and cons which I can think of (mostly thru advises from seniors and lecturers).

PhD PRO & CON:
PROS
- more secured job
- 5k salary
- less competition in M'sia
- able to join education line (which I'm not interested)
- knowledge seeking
- Doc. title

CONS
- minimum 3 years of devotion
- not getting any salary for 3 years MIN; no car no house no wife
- lack of work experience; you're treated as fresh grad when you enter the job industry

I'm currently a first class engineering student who being offered to further my studies in one of the local university. There is grant provided so I won't have to get any sponsor for the materials, plus an allowance of RM 1.5k per months.
Also, there are few MNC company offering me a position in their company, of course I still haven't reply them.

I have no interest in being a lecturer or joining the education line whatsoever. The lecturers told me that getting a PhD in 3 years will secure you a job as an Senior Engineer when you join some MNC company with at least 5k salary. They added it's impossible to reach 5k salary in 3 years time even when you work double hard without a PhD. Frankly speaking, the salary is what attract me the most; aside from the title.