MattCompo
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Hi all,
I'm currently on a placement year between 3rd and 4th year of an engineering degree, I'm more interested in scientific research at the moment, and as I enjoyed my dissertation I'd like to consider a PhD. The only thing putting me off is the salary, 17k ish for 3-4 years isn't great, even if it is untaxed. Industry grad schemes offer close 30k with pay rises after 1-2 years, is there any way to do a PhD and get close to this kind of salary? I'll be over 30 by the time I'd finish a PhD and don't want to still be earning a low salary by this age. Thanks
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RogerOxon
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(Original post by MattCompo)
I'm currently on a placement year between 3rd and 4th year of an engineering degree, I'm more interested in scientific research at the moment, and as I enjoyed my dissertation I'd like to consider a PhD. The only thing putting me off is the salary, 17k ish for 3-4 years isn't great, even if it is untaxed. Industry grad schemes offer close 30k with pay rises after 1-2 years, is there any way to do a PhD and get close to this kind of salary? I'll be over 30 by the time I'd finish a PhD and don't want to still be earning a low salary by this age.
You don't do a PhD / DPhil for the money whilst studying. £17k sounds like a lot to me, when you're still living as a student. If you're focussed on money, I wouldn't do a doctorate.
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threeportdrift
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(Original post by MattCompo)
Hi all,
I'm currently on a placement year between 3rd and 4th year of an engineering degree, I'm more interested in scientific research at the moment, and as I enjoyed my dissertation I'd like to consider a PhD. The only thing putting me off is the salary, 17k ish for 3-4 years isn't great, even if it is untaxed. Industry grad schemes offer close 30k with pay rises after 1-2 years, is there any way to do a PhD and get close to this kind of salary? I'll be over 30 by the time I'd finish a PhD and don't want to still be earning a low salary by this age. Thanks
It's not a salary, it's a stipend. You aren't contributing to a business and helping them to grow, make a profit etc. You are possibly adding something possibly useful to the sum of human knowledge. For that, if you are lucky, someone will fund you the cost of living to a basic level. As it is untaxed and you still get all the student discounts widely available, it's a very fair deal.

If you want to contribute to society at a commercial rate and earn a commercial income, you have to do a commercial job.
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WarwickMaths281
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I'd say that £17k is more than enough for a student, especially because the postgrads I know seem to do zip compared to those who are actually working,
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