/biz/ - Business & Finance

>>2373739

>>1532765
Ok lad. I'm your guy.

>Life enjoyment
First of all, a PhD will lead to better life enjoyment (after it is complete, that is). this is because a lot of PhDs end up back in the university environment. Depending on the tier of school, you will still have to do some research or publish a paper, or something. Not too hard, especially if you're in the social sciences. Tenure track PhD professors can easily make six figures.

>$$$
While the dollar amount is high, that six figure salary, you must remember that on average is takes seven years to complete a PhD. You can do it in about 5, but be prepared for a lot of work. That's why people spread it out. During those years you are foregoing wages and you also have lots of opportunity cost. Think of it this way, you could do the PhD, and end up making six figures when you're in your early to mid 30s, or you could get a one or two year MBA after your undergrad and be making $60-70k starting out THEN HAVE those 6 or 7 years to grow a career from and eventually make six figures.

Just for your information, studies show the massive PhD salary doesn't make up for all the foregone wages, and if the study says it does, it's usually very marginal (a percentage point or two) above the lifetime earnings of a masters degree holder. This is on average though, so it includes "women's studies PhDs" I bet.

>hours
PhDs end up in academia most often, so very good hours. The professors I worked with during my master's degree/MBA often only came in three days a week during fall and spring semesters. I'd say that's pretty good hours, but as previously stated, they usually had to publish papers and things. I guess it's just about managing your time.

In terms of ranking from hardest kill myself to easiest babby-tier:
>Economics PhD > Finance PhD > DBA (PhD in Business Administration, essentially an academic style MBA) > Accounting CPA (I don't know why you would EVER want to get an accounting PhD hence why I put the CPA on the bottom)

>>1492389
I love Hayek and view the world from an Austrian school perspective.

Yet, Keynes is the name of the game and that's the game and rules I play buy. I can't show up one day and decide to play Austrian economics in today's world.

Doesn't even matter who's right/wrong or anything. The western world is a mixed capitalist market with government interference and active central banking policies. Learn to play, and yes, that means brushing up on your post-Keynesian economics and MMT, or get out m8.