The monetary value proposition of grad school simply isn't very good if you're a US citizen. There is non-monetary value (like advancing human knowledge) that makes grad school worth it for some, but the pay is low. Imagine you just graduated from a quality undergrad with high grades and strong recommendations from your professors. Maybe you had an internship or two or spent a summer doing research. Maybe you even ha…
>Most people will chose Option 2. The two main types of people who chose Option 1 are those who are passionate about learning and advancing human knowledge and those who want a career where a PhD is required. I was under the impression that "those two main types of people" are the only ones who're really supposed to go into PhD programs in the first place, so shouldn't we be talking about the incentives important to…
It is hardly surprising few people take that option when instead they could be living comfortably (even 80K/year is well above median US income) at a job they're not passionate about.