Although posession of a high-level degree is not a guarantee for career placement, studies show that the unemployment rate for those with a PhD is less than half that of posessors of merely undergraduate degrees. As the level of a degree increases, so does the level of specialization in a particular area. Employers consider this specialist knowledge to be a major benefit during the hiring process and are more likely to consider placing a potential candidate with a high-level education.
The table below proves that employers are willing to pay premiuim salaries in recognition of a PhD qualification. Therefore, the expense and time required to obtain a doctoral degree can easily be seen as a major investment in your future.
