This is total anecdata, but out of my closest college friends, five of them went to get a PhD, while I went to industry. When they graduated, I was already making more than of all of them, with five years of industry experience. And I made more them them for the next thirteen years too. I never hit any magical ceiling where a PhD was necessary. In other words, don't do a PhD if you're in it for the money. It may open…
I was in a PhD program, I dropped out. I have been working in R&D at a large company for a while now; many of my best colleagues have PhDs, many others do not. As far as my personal experience is concerned, a PhD has no bearing whatsoever on your capacity to do solid research. That said, I am seriously considering going back on the PhD route, because I think I’d like to spend more time teaching down the line. Kind of…
That is all well and good, but I can't name a single person in my research field who has a decent publication record without a PhD (finished or in progress).