i am doing my PHD at age 23 now ... and dont know what i am doing ...

Are you doing business related PhD? or something different? BTW, I also have the interest to commence PhD once complete the taught course of MBA. DBA will be out of my choice as I have done enough in MBA.

Anyway, I really like the work from @Juniortok, that saying the study in the top 50 MBA business school in will be the best choice as I really fell the waste of 1.5 years at the current point. Again, money is another crucial point as the limited of fund capital.

So, let's move on...

yup ... phd in marketing research ... i got my MIB from wollongong university ... well .... study so hard dont know for what

My 2 cents here ...

Many years ago, I learnt from the HR manager (multi-national company) that there were 3 candidates with PhD in the group applying for the jobs. I got the job and I asked the HR manager why the PhD candidates were un-successful. Reply was, they did not want thinkers in the office but doers out there getting things done. So ....

No offence to those with PhD. I nearly ended up doing PhD but stopped at Master partly due to my fear in limiting my job area to university and research.

Cheerio.

Probably u r referring to the phd graduates without any working experience. Not those from industry for > 10 years and then back to do PhD/ DBA.

Both have a lot of differences. The former only talk about theory, the latter knows how to blend the theories into the work place.

This post has been edited by cheahcw2003: Jun 7 2015, 11:18 PM

This is another example of shallow HR reps.

If this HR rep already decided that PhDs are only thinkers and not doers, why shortlist the 3 in the first place? Just to have the satisfaction of rejecting PhDs in favour of the lesser qualified?

Corporations both large and small are always in need of innovative minds to work through their clients’ problems, but only the large ones like Accenture, Bain, BCG, Deloitte, and Mckinsey will draw deeply from the supply of business, economics and finance PhDs. The reasons are because these smart people have undergone rigorous research programs and there is an increase in demand from innovative firms for studying the markets to find advantages and inefficiencies.

Blofeld might have some invaluable pieces of advice to offer because he was a salaryman with accounting background who came from the intellectually stimulating corporate world.

In my opinion, I don't think the corporate world (specifically in accounting firms) is intellectually stimulating.

Instead, they value more on efficiency and effectiveness.

So that means they don't appreciate individuals with higher degrees but rather they prefer those with skills and experience (those who can execute the tasks).

However in consultancy firms, I have seen job ads mentioning those with PhDs/DBAs will also be considered. But definitely not in accounting firms.

I concur with your observations.

A little digression: I have heard feedback that the largest consulting firms often give MBA-textbook solutions and jargon-laced commentaries. More like ivy-league MBA stuff rather than PhD. These firms get paid big bucks for these "solutions" though.

I actually notice the reverse. I found that many companies are hiring PHD now due to the Big Data trend. I was just having a drink with the MD of an online hotel booking last week, they hire 6 PHDs just to try different things (marketing experiment, data analysis). I dont know if he was drunk, he said that they pay these geeks US$300k p.a (not fresh grad, after a few years in the company). As long as you have good technical skill and build your network, you will find something interesting. I also know that various developers in China are hiring PHD to run their market analysis. Multi-factor model, elimination of noise and factor analysis seem to be the trend these days. If you read chinese, this is what is on the internet - starting pay is around RMB 400-500k for fresh PHD grads:

碧桂园集团“未来领袖计划”，一个为青年才俊量身定做的高端人才品牌项目，旨在吸引：地产相关专业博士，由碧桂园高管亲自担任导师，通过系统的复合式人才培养模式，将人才在最短时间内培养成企业中高级经理人。现在已有诸多来自哈佛、麻省理工、斯坦福、帝国理工、新加坡国立等海外名校，以及清华、同济、浙大、东南、天大等多所国内高校的优秀人才加入碧桂园。

This post has been edited by juniortok: Jun 16 2015, 12:11 PM

I think there are some missing premises here. To have a meaning discussion on this topic, we should not forget the context in which these arguments / opinions are formed. First off, the answer is subject to which area of expertise one earns his / her PhD from. Yes, what you said may happen to some IT/ programming / software engineering / data analysts but it could rarely apply to say, history graduates. I think you are just this close to telling stories like some Wharton MBA holders earning really lucrative income --- what you say can be true, it is just that this is way too misrepresentative to PhD graduates in general.

Moreover, which school / lab one graduates from can make a huge difference. I for sure would not be surprised if any fresh graduates with excellent track of publication records from MIT, Stanford, Carnegie Mellon, and the likes get paid of 300k USD annual salary. Certainly, this is no longer news in Silicon Valley or many cities in California. Even Chinese companies, more than often, are biased towards graduates from elite universities.

One more thing, I can read Chinese and I could not help but suspect there is a slight chance you are doing advertisement for this group or corporation you mentioned, purposely or inadvertently

a friend of mine has a phD and two master. he realised that his phD was hindering his hiring chance when he was told he was over qualified or missing out on interviews. after hiding his phD, he got many offers and now he's with Merrill Lynch

While I do understand the reason why your friend do this, I just wonder how he gets away or explains the supposedly 'missing' say, 3++ years in doing PhD? Well, also that puts him in some sort of risk which I think he is willing to take --- for not being honest on education qualification can be a good reason to get fired, if found.

Ha ha ha, there are a lot of weird people on the internet....

understating one's qualification shouldn't be a serious offence i guess if compared to overstating one's qualification

This post has been edited by cedyy: Jun 16 2015, 03:20 PM

I don't see what would be his joy of working if he has to keep concealing his real degree. He might as well also conceal his masters too and probably get the same pay at Merril.

Well, I am not judging... in the end, the seriousness of this issue is up to the company management executives to say, not us. I am just merely pointing out it could be risky... after all, concealing qualification related information during hiring process can be interpreted as dishonest or even violation against certain policies. Just saying. Frankly, I am more leaning towards your friend and understand why he is doing this.

he just likes to study and share his knowledge. he's lecturing part-time on weekends and he's added another master degree....making it 3 in total now. anyhow, he's making big bucks at Merrill. already has 4 condos in Singapore and 2 in district 10 (orchard road area)

whilst i can see the reason why he hide his PhD, but i do not see the reason why his existing employer (or other MNC), will value 2 master more than 2 master + 1 PhD.

Most jobs need 6 months probation period or so, if u can't performs, no matter how many Master Phd can secure you the job. My 2 cents.

whilst i can see the reason why he hide his PhD, but i do not see the reason why his existing employer (or other MNC), will value 2 master more than 2 master + 1 PhD.

Most jobs need 6 months probation period or so, if u can't performs, no matter how many Master Phd can secure you the job. My 2 cents.