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Stephen Tapp 🇨🇦 @stephen_tapp
, 7 tweets, 2 min read Read on Twitter
I'm seeing lots of very proud & excited people finishing their PhDs this month, which is awesome!

It's now been 10 years since I graduated.

People occasionally ask for advice on doing a PhD - basically is it all worth it?

Obviously it depends on lots of factors...
.It's fair to say that it was really hard. It felt like running a marathon. Lots of ups and down.

I spent some days doing math like this, or writing code. It was a slow and deliberate process. Occasional flashes of deep insights, and other times asking "why am I doing this?"
...If you're not seeking to publish in top journals and getting a tenure track job, you're often treating like a second class citizen.

But even if that's not your goal, the exercise of working in depth on a narrow topic over several years helps to refine your thinking/approach.
In most cases, the short-term monetary benefits aren't large (and may even be negative, at least in Econ - others with MAs were making more money than me when I graduated.)

But a PhD can provide more options, more control over your time, and puts a healthy floor on your income.
I ultimately decided to do a PhD because I couldn't imagine not trying it.

I had research Qs I wanted to answer, and I knew I needed better skills to do more satisfying work.

And I looked forward & thought it would provide a good base for any research-intensive/related careers.
...I’m curious why more Canadian Econ programs don’t offer a “PhD-light” option.

No, not the “all-but-dissertation”.

More like a half marathon. A bit like an Executive MBA, where those with EconMAs and considerable work experience could finish in say, 3.5 years, not 5-6 years.
Maybe the core barrier in Econ is simply a lack of mutual recognition:

- most academics put very little weight on relevant work experience; and

- most non-academic work environments put very little weight on relevant academic research experience.
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