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5 Reasons Why It Pays to Earn Your Ph.D.

Earning a Ph.D. takes dedication and discipline, and is an accomplishment to be proud of. The benefits of completing a terminal degree are many, and here are five outstanding reasons to earn yours:

Reason #1

Earning a Ph.D. will help you earn more over your lifetime than a master’s degree alone. According to PayScale, the average income for someone with a Ph.D. is $100,000 annually, compared to $78,000 annually for those with master’s degrees. Your higher earning potential will benefit you both in the day-to-day and in the long-term, as you can save more for retirement.

Reason #2

A Ph.D. opens the door to more unique career options. There are a myriad of prospective careers awaiting Ph.D. grads, in fields spanning academia to consulting. In highly competitive fields, certain positions go exclusively to applicants with doctoral degrees. Additionally, those with Ph.D.s tend to remain employed into retirement due to their expertise.

Reason #3

Earning your Ph.D. is a huge boost to your self-confidence and pride, having accomplished something that only a small percentage of people can. It’s been proven that setting goals and accomplishing them has a positive impact on confidence and sense of purpose.

Reason #4

As you pursue a Ph.D., you develop critical skills that will benefit you the rest of your life. With each research project, writing assignment and your dissertation, your communication and writing skills are sharpened. The discipline and diligence earning a Ph.D. requires is nearly unmatched, and speaks volumes of your ability to perform under pressure.

Reason #5

You’ll also strengthen your collaboration, interpersonal and critical thinking skills. Working with professors and peers in your Ph.D. program requires a high amount of interpersonal interaction. Ph.D. programs typically focus on complex subjects that require strong analytical skills and emotional intelligence, meaning your ability to think critically will sharpen exponentially.

It pays to earn your Ph.D.—literally and figuratively, and there are many more advantages to pursuing your terminal degree. The Tiffin University Ph.D. in Global Leadership and Change is designed with a curriculum that appreciates the challenges and tremendous opportunities within today’s cross-cultural work environment.

Our Ph.D. program is offered in an online format and contains limited residency requirements. Our interpersonal approach to faculty engagement allows students to work independently, but never alone. The average completion time of our Ph.D. program is 3.5 to 4.5 years, based on variances with the completion of dissertation research.

Visit our Ph.D. program page to learn more and begin the application process. Our team will be here to support you every step of the way as you start this important, life-changing journey.

Learn about our Ph.D. in Global Leadership and Change