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.
But a PhD can provide more options, more control over your time, and puts a healthy floor on your income.
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.
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.
- 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.