I have a bachelors and masters degrees in Biochemistry. I am currently enrolled in Bioinformatics Ph. D. program. I see that lots of people list bioinformatics as a skill and truly the discipline is becoming more multidisciplinary in nature and and an easily accessible niche. I plan to get into pharma or biotech research/industry and academia as a last choice. I just wanted to know how valuable it is now and in the future given constraints listed.
An experience in academia is really different from industry (I've tried industry first) and the skills from academia are not really valued by the industry companies. Imo it does not worth it.
Thanks for the input, what was your personal experience?
Is the question regarding PhD versus no PhD? Or is it PhD in Bioinformatics versus PhD in something else?
The primary reason for a PhD in itself is for research and new discoveries. This means that it is markedly different from other professions like accounting or medicine. My answer to your question whether a doctorate in it would lead to redundancy and become less appreciated because of surplus. I do not mean to say it must be like the professions. If a phd in Biology can perform your duties will you not become redundant over time?
Regardless of the field, there will always be other people who can perform your duties.
If you think there are too many bioinformaticians, that is definitely not the case. Just ask any wet-lab biologist.
In general, there are some jobs where I would expect less change/research, such as a PhD in Clinical Psychology becoming a Psychologist (even though there are now a lot of social workers with a MSW or other qualification to be a Licensed Clinical Social Worker).
I think the minimum requirement for a genetic counselor is a Master's Degree, and a biologist could also be a Physician Assistant (with a different degree). However, I agree that a PhD is not the same as an MD/DDS/DMD/DVM, in terms of jobs that require an advanced degree (for something other than research).
Otherwise, I think the education component for a PhD job is supposed to be adding some stability in job expectations, even though there are also jobs that only do research without teaching.