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PhD Degree

September 17th, 2008, Kelly Gibson

You can apply for a PhD degree once you have completed a Master’s degree if you are interested in studying further to get a higher paying job. To get PhD degree, you need to select your area of expertise first. Most PhD degree programs take four to six semesters of full time study.

Kinds of PhD Degrees

Some of the popular PhD degrees are:

  • PhD in Psychology: widely regarded as a teaching and research degree. Clinical Psychology, Organizational Psychology, Counseling Psychology and Educational Psychology are a few sub-specialties associated with a PhD in Psychology.
  • PhD in Education: this degree prepares graduates for administrative careers and academic teaching.
  • PhD in Engineering: some of the popular areas of study are Computer Science, Mechanical Engineering, Civil Engineering and Electrical Engineering.
  • PhD in Public Health: prepares graduates for administrative careers in community health.
  • PhD in Business: prepares graduates for teaching and research jobs in business.

Career Opportunities with a PhD

A PhD degree will increase your monthly income. Lots of businesses and government employers decide their wages on the basis of your level of education. If you are working, earning PhD degree will help you get a promotion. Plenty of employers treat the years you have devoted in earning a PhD degree as work experience.
Your marketability will increase when you earn a PhD degree. Employers will always give preference to candidates who possess a PhD degree compared to candidates with lesser degrees. The services of PhD degree holders will be taken by companies that require someone to offer their staff members training; PhD degree holders can also teach college courses. Of course, earning a PhD degree will provide you with a certain prestige because when you earn a PhD degree it means you are an expert in your field.

Salary for a PhD Degree Holder

Individuals with a PhD degree earn approximately $37,000 more each year than individuals with Bachelor’s degrees. The average salary for a PhD degree holder is in the range of $80,000 to $90,000. Things can get even better if you have work experience of two or three years. Your salary will also depend on the subject that your PhD degree is in. For example, a PhD in Business pays lot more compared to a PhD in Education.

Pros and Cons of Earning an Online PhD Degree

  • An online PhD degree is one of the most prestigious degrees you can earn.
  • Your research skills improve appreciably when you earn an online PhD degree. This is because to get a PhD degree, you need to implement original research and write a publishable thesis.
  • Mentoring is also quite an important factor when it comes to online PhD degrees. The faculty is a part of the committee that writes your recommendation letter, which eventually helps you in getting a job.
  • As an online PhD degree is quite an elite degree, so you can face plenty of problems in terms of program accreditation. Before taking admission in any university for an online PhD degree, make sure you check the credentials of the university first.
  • Stay away from universities that are offering you fast online PhD degrees. There is a good possibility that they are not accredited.

Leading Schools for an Online PhD Degree

Schools offering online PhD degree program are:

  • Walden University
  • Capella University
  • Boston University
  • University of Florida