ThrillJackson- great question. After a few combat tours, I decided that other things in life were more important to me like my education. I actually told a professor in lecture (after military time) that he was a fucking moron and academics have no clue about reality. Some of this is true, especially in the humanities. I have learned that many academics are not that naive, they are just resource and time constrained and the system encourages all sorts of messed up behaviors. Academia is actually very cut throat and the penalty for not drinking the kool aid is absolute misery.
The advanced degrees have given me a better understanding of complex scientific materials and high tech engineering skills that I would not have had otherwise. I also have job security and flexibility due to the alphabet soup. I can easily find a high paying job globally and never worry about being laid off or terminated. The degrees have opened doors to me that I would have never had access to without them. I have also been introduced to other very powerful people due to my research activities and expertise. These people rely on me for advice. Really, it was never my intent to go so far in school. Rather, I enjoyed it when I needed a career change, found ways to get paid to earn the degrees, and drastically expanded my professional network. What has not been discussed in this thread, and I just realized now, is that these advanced degrees can give you power and access. Some argue that power is more valuable than money. What graduate school can give you is a very powerful social network. Many of the people from my graduate programs are in positions of power in industry and government, and we help each other out. Without this network, my company would not be successful. Sort of rambling here.... back to the point. At the time, I didn’t want the uncertainty of a sales career and I hated the work itself. The irony is that as a ceo of a health tech company is that I find that most of my effort now is spent selling our products to investors. A PhD, MD,JD, MBA, is not for everyone. I am not arguing that. I am arguing that is can have extrodinary value in terms of power and a decent stable 6 figure income.