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How integral a doctorate (PhD) can be in taking your career ahead

Friday - July 10, 2020 3:32 pm , Category : WTN SPECIAL

Losing a job is one of the most traumatic experiences a person can go through. If you’re feeling scared, worried about the future, and your ego is aching from a sucker punch, remember – that’s totally normal. 

You’ll get back eventually, and there’s a very good chance you’ll be even better than before. Life will take you to lots of different places, and we rarely know where too far in advance. Utilize this time to upgrade your skills. Enhance your educational portfolio. If you are done with Masters and are struggling with salary cuts, layoffs then it might be the time to think differently. Research, Finance, Mentorship, Consulting and Public service are few areas which offer more stability and are valued careers.

What can you pursue to be a part of these fields? A doctorate (PhD) !
A PhD is all about engaging in in-depth research along-with thorough understanding of research issues and the ability to solve key problems with exceptional analytical and observational skills. A PhD graduate must learn to work for long hours, analyze & solve complex problems and handle every situation with calmness. These traits are not only required to become an academic but also required in other areas of work such as Research, Finance and Public Service.


What can you pursue to be a part of these fields? A doctorate (PhD) !
A PhD is all about engaging in in-depth research along-with thorough understanding of research issues and the ability to solve key problems with exceptional analytical and observational skills. A PhD graduate must learn to work for long hours, analyze & solve complex problems and handle every situation with calmness. These traits are not only required to become an academic but also required in other areas of work such as Research, Finance and Public Service.

How the trend of PhD has changed over the years?

The advent of Start-ups has changed the entire PhD ecosystem. If you back in time, the scope of PhD was limited to academia. However, today, the amalgamation of academia and start-ups has left many options for PhD graduates to explore. As start-ups have become a storehouse of innovation and improvisation, PhD graduates are willing to join a thriving and new organization where they use their knowledge-based skills to design new products through their exceptional research and developmental capabilities. Now-a-days, PhD graduates are looking forward to work in start-up environment, gain experience and then join academia where they can use their skills and expertise in a productive way.

The future of PhD Graduates in Academia

Academia has become the first choice of PhD Graduates due to the freedom in working and lucrative salary packages. In most of the cases, jobs in academics also include other perks like free accommodation. Also, there is a chance for PhD graduates to work in other countries. In all, the most thing that organizations look for while hiring PhD candidates is superior analytical skills and the ability to solve complex problems at one go.

 

Job Prospects after doing PhD

At first, you need to understand that the value of a PhD degree is measured in terms of knowledge and skills. You need to have both these traits to excel in the career of your choice. Let’s take a look at some of the career options after doing PhD:
In general, the most sought after jobs after PhD are University professor, Industrial R&D Lab professionals and Start-ups mentors. Industrial Research and Development organizations have dedicated PhD groups who are involved in research activities, designing new products and taking part in crucial strategic meetings. As compared to development centres, the average salaries in industrial R&D labs are much higher. This clearly suggests that an engineering graduate with 5 years of experience would be earning less than a fresh PhD Graduate who has recently joined a industrial R&D lab.
In some cases, development centers hire PhD graduates for multiple roles with salaries almost same or even more as compared to exclusive R&D labs. The salary structure and designation of PhD graduate joining a Research lab or development centre is always higher than that of any other graduates with rich experience.
If you are looking hard to find a good institute in India to kick start with your doctorate, look no more People’s University, a leading university in Central India offers a doctoral programme in Medicine, Dentistry, Engineering, Management, Nursing, & Pharmacy. Details can be checked on their website.