<p>Also, if you have a PhD, you can easily get master’s or BS jobs by taking a lower wage and not telling the employer that you have a PhD. It’s not like you are not qualified for a BS job. The absolute worst PhDs are at least a Bachelors + 5 years of experience. The best PhDs can do the work of 100 BS holders. The reason employers don’t want to hire PhDs straight up for BS jobs is because they’re scared the PhDs will just leave after a while; this is easily gotten around by not telling the boss you have a PhD unless specifically asked. HOWEVER, you can’t get a PhD job with a BS by lying that you have a PhD (sometimes you can get away with it, but will be fired within days).</p>
<p>The financial benefit of a PhD is that people pay you to do it and you get to be called Doctor which may be of benefit in business. It also makes your marketing much more convincing to be selling something as a “Dr. X” than as “Sales rep. X”.</p>