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tadrinth comments on Grad School? - Less Wrong
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As far as I know, there is no law (in the US or Canada) that requires you to mention your graduate degrees on your resume. It isn't fraud, it is merely incomplete (like every resume is necessarily). For instance, I attended various community colleges while in high school, but only list the university I graduated from on my resume.
If you go straight from undergrad to a PhD program, you won't have a Masters on record, which means you'd have to drop all the way down to applying for bachelor's level positions.
Plus which, if you're not going to leverage the PhD, why would you spend an extra four years of hard work and low pay to get it? Just get a Masters instead.
In a lot of fields having a Masters without a PhD signals that you couldn't handle the demands of getting your PhD, and is worse then not having a Masters at all. Or, as they say "If at first you don't succeed, cover up all evidence that you tried".
Does that include biology? If so, I will be rather annoyed that no one warned me.
I polled three Ph. D. biology students and they had mixed opinions.