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phd as,A career in academia generally requires a PhD, though, in some countries, it is possible to reach relatively high positions without a doctorate. In North America, professors are increasingly being required to have a PhD, because the percentage of faculty with a PhD is used as a university ratings measure.

The motivation may also include increased salary, but in many cases, this is not the result. Research by Bernard H. Casey of the University of Warwick, U.K, suggests that, over all subjects, PhDs provide an earnings premium of 26% over non-accredited graduates, but notes that master's degrees already provide a premium of 23% and a bachelor's 14%. While this is a small return to the individual (or even an overall deficit when tuition and lost earnings during training are accounted for), he claims there are significant benefits to society for the extra research training.However, some research suggests that overqualified workers are often less satisfied and less productive at their jobs.These difficulties are increasingly being felt by graduates of professional degrees, such as law school, looking to find employment. PhD students often have to take on debt to undertake their degree.

A PhD is also required in some positions outside academia, such as research jobs in major international agencies. In some cases, the Executive Directors of some types of foundations may be expected to hold a PhD. A PhD is sometimes felt to be a necessary qualification in certain areas of employment, such as in foreign policy think-tanks: U.S. wrote in 2013 that if having a master's degree at the minimum is de rigueur in Washington's foreign policy world, it is no wonder many are starting to feel that the PhD is a necessary escalation, another case of costly signaling to potential employers.Similarly, an article on the Australian public service states that,credentialism in the public service is seeing a dramatic increase in the number of graduate positions going to PhDs and masters degrees becoming the base entry level qualification.

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