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PhilGoetz comments on Nature editorial: Do scientists really need a PhD? - Less Wrong
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Comments (18)
If you either go to a famous school (Harvard, MIT, Oxford, Stanford, U Chicago, etc.), or study a field with so much research money that even people who didn't go to famous schools can get some of it (biology, earth science), then getting a PhD is helpful.
If neither is the case, a PhD might not be helpful to you.