Hi guys, A little bit help is needed for some career related decisions. I am currently a 4th year PhD student in Molecular Genetics and should be able to graduate next May. My research is focused on the genetic basis of complex diseases (basically GWAS) in general population. Now I have a opportunity to spend one more year (until the May of 2018) in school for an additional master degree in Bioinformatics with a total tuition cost of ~US$27k (it's reduced since I'm a PhD student at school already). Is it really a good direction to go? How much I can benefit from this master degree and is it going to be redundant since I'm just adding one more degree title to my name card in addition to some more course work. Any comments or suggestions are welcomed! :)
Thanks, Charlie
PS. not sure why I can't directly reply so I just put it here Because I've heard too many voices telling me how hard it is to find a job with a biomedical PhD right now and the analytical skills offered by the bioinformatics MS are very helpful. Basically I've had almost half of the informatics MS courses taken already during my PhD training and it should be just one additional year of class. Do you think it will pay back in the future? or I should get a job first and gain some real experience?
Sorry I reached the post limit as a new member here. Really appreciate people's suggestions! Any further comments are welcomed. :)
You say that you heard voices telling you that it is hard to find a job with a biomedical PhD. But have you tried yourself? Every CV is different, and it is also related to what kind of job you are looking for. This being said, a MS after a PhD will look weird in your CV, and may even be seen as negative, e.g. you look like an eternal student :-).
That's a good point as well.
What do you want to do next with your career and in what country do you live (or want to work in, if they're different)?
I'm in US and I'm really not quite sure what to expect regarding my career. I have had a dual degree of MBA and had internship experience in biotech start-up companies and licensing office (technology transfer and patent related work). Compared to academia, I'm more interested in industry and I'm thinking to start my career as a technical person and then slowly shift to the business side. Does that make sense?
If you already have an MBA and are about to get a PhD why do you think getting an MS in bioinformatics will help (especially if you are interested in industry)? You probably should find a job in the area that interests you and put those degrees to work.
Totally agree. At least in the US, a bioinformatics MS tends to limit you to data analyst type positions.
I'll echo everyone else. In the US if you already have a PhD then there's no point in a masters (presuming you can demonstrate competency in the area at least, though you've done GWAS stuff so I imagine that's no problem). Honestly, though, if you already have an MBA you might want to go directly to a team management position.
I agree with all the answers posted.
The Master's could actually be detrimental. It begs the question of what you did during your PhD, and its value.
Also, you will never recover the ~27K USD you would spend on tuition fee alone on your Master's. There seems to be misconceptions among wet-lab biologists about bioinformaticians salaries. No bioinformatician makes enough money to justify spending ~27K USD.