Benefits of doing a PhD?

[cdon]

Most PhDs I have seen advertised are self funded, meaning no (or very little) income for three years on top of paying fees to a university so I’ve never really understood why people are keen to pursue them. Is the end goal to end up in academia as a lecturer or to somehow jump into a high paying/specialist job after it to cover the costs?

I’ve come across a small number of Mechanical Engineering phd opportunities recently that are funded by EU grants and would effectively mean a very good salary but would required relocating to another country in Europe.

It’s the first time I’ve really entertained a phd as an option. Specialised research, some interesting company placements and a nice salary to live on for three years.

Although I’m not convinced it would make you any more employable in many mid level Engineering roles? Any thoughts?

[cdon]

Dr Slotter said:

What sort of topic do you think you would be interested in?

I would qualify as a UK student.

If I could find something relating to composites, FEA or similar analysis I would be interested. Really an advancement or future technology that I’m not going to have an opportunity to explore in my current role.

[cdon]

StuTheGrouch said:

Funded positions are the way to go, though it is possible to self-fund a PhD even you are a home (UK) student. Levels of funding will vary, though will typically cover fees and provide a tax-free stipend of £16-18k

This is typical of what I’ve seen offered for some sponsored UK positions but would still be a substantial pay cut. I’m 3-4 years out of my MSc so on an ok salary and would be reluctant to take a step back in terms of pay.

The EU PhD I have seen would actually be a pay increase and is effectively a scholarship, which placements/secondments in industry built into the program.

It may prove to be even more competitive though to get in...

[cdon]

Dr Slotter said:

StuTheGrouch said:

The EU positions sound like they might be Marie Sk?odowska-Curie training networks.... They do pay well, but are extremely competitive. As you have an MSc and some work experience you will be in with a good chance.

I thought similarly and agree.

You would be right!

There was an interesting position advertised at the same university where I got my MSc which is how I started looking into it - but unfortunately as it's my 'home' University I wouldn't be eligible for EU funding.