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Ph.D – highest education, don’t have to pay for school, only way to get a scientist position (otherwise its very hard to move up in industry), will get to research
BUT jobs aren’t available (some place won’t hire Ph.D because they have too much education and will require higher salary), might have to move around the country to find a place that deals with your Ph.D research,
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<p>While the issue of being 'overqualified' does happen, I think its effects are overblown. After all, you can always just omit your PhD from your resume. Nobody says that you have to state on your resume every single thing you've ever done in your life. </p>
<p>Keep in mind that a resume is a marketing tool. Nothing more, nothing less. Think of it as similar to the marketing and advertising that all companies do. While you obviously shouldn't lie on your resume (i.e. you can't claim to have a PhD if you don't have one), you don't have to tell the whole truth either. Just like when Ford puts up a TV ad for its latest car, what the ad shows you isn't a lie, but it's not the whole truth about the car either. They are showing you what they want to show you. In the same sense, a resume should be a document that presents to a company whatever it is that you want to present. You are under no obligation to tell them everything. If they ask you whether you have a PhD, then you tell them the truth. But if they don't ask, you don't have to tell. </p>
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MS- lower education then Ph.D, hence less money; do have to pay for study/class;
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<p>Well, actually, I think the best way to get an MS is not really to get an MS directly. Rather, it's to enter a PhD program and then GET PAID while picking up your MS, and then walk away. </p>
<p>And besides, the truth of the matter is that an MS in science doesn't provide that much benefit over having just a BS. An MS in engineering is highly useful, but a MS in science, not so much. A lot of people view an MS in sciences as (in many cases, rightfully as) somebody who washed out of a PhD program.</p>