PhD is a long term investment. Choose a PhD if you are still young. When you put DR in front of your name, your boss will expect you able to propose the solution from a complex issue with insufficient information. Skills are transferable.

For example,

Process of creating knowledge
Introduction - research problem, research objectives
Literature review - what have been done and what have not been donein the research area
Methodology - method to get new data for analysis
Results and Discussions - analysis of results and discussion to find out new knowledge
Conclusion - conclude your added knowledge through the process.

Process of creating profit
Introduction - market opportunity, investment objectives
Literature review - what have been done and what have not been done in the market
Methodology - method to improve the products/services
Results and discussions - analyse and discuss the how these improvements to get new profit
Conclusion - conclude your new profit through the process

In scientific trainning, you have been trainned to be faimiliar in a chosen area to create new knowledge. If you want to transfer the scientific skills in the business area, you adjust yourself to be familiar with the chosen market to create new profit.

When business is growing to be more complicated, you need more scientific skills to understand which new profit to gain in the complicated market with inssuficient information. Therefore big data is a popular term now.

PhD is a trainning to think scientifically more than a degree.

TS should give the sharing. Studying PhD or goibg for job is the common question in the junction.

TS should give the sharing. Studying PhD or goibg for job is the common question in the junction.