A PhD or Doctor of Philosophy is the highest academic qualification offered to an individual following a course of study. The term PhD originates from the Latin term ‘Philosophiae Doctor’ and represents competition of individual research in a field of interest. The doctoral research degree paves the path for a wide range of opportunities. It is a 3 to 8 years course that helps you become competent at presenting your thesis based on independent research of a topic.
There is a breadth of skills students acquire while pursuing a PhD. It elevates your ability to critically analyse a subject, display intellectual maturity, gain in-depth knowledge of a specific field and publish a valid thesis.
In this article, we’ll take a look at the best job opportunities after PhD that are available to students in different industries—academia, government sector, entrepreneurship, consultancy, and so on. If you are looking for PhD admission for 2022, please read further.
Top Job Opportunities after PhD
a. Faculty Position
One of the most commonly opted choices after a PhD is teaching, primarily due to the uncanny similarity between academia and what an individual must do to acquire the degree. The degree practice and teaching involve teaching, researching, and nurturing your acquired knowledge.
If you are interested in landing a faculty position or taking up the teaching path, plenty of institutions are keen on having a PhD holder in their faculty, especially in developing countries.
b. Post Doctorate
You can also choose to stay in the same university for varying periods (from one to four years) and get an extended project based on the one you did earlier. You might also work on publishing your erstwhile researched product.
c. Adjunct Position
An adjunct position is a non-tenure position in universities; they are professionals who don’t carry the title of a professor but make valuable contributions to the faculty. In some universities, professionals in Adjunct positions work overtime and bear numerous educational responsibilities.
PhD holders can teach at institutions offering undergraduate courses where they are looking for staff with a PhD who can carry out practical research.
PhD candidates can be assistant professors by teaching undergraduate courses or being a part of committees that help form academic and organisational policies and perform research to achieve tenure.
There exists a myth that PhD courses are designed to PAVE the path for individuals to become professors at the university level. However, the horizons of a PhD degree spread farther than simply academia, so it’s wrong to assume so.
Here’s looking at the different verticals where PhD holders can chart out a rewarding career.
2. Government Jobs
The government job sector is ideal for patriotic and passionate people who want to serve the country. Since the government is always on the lookout for creative and skilled people, professionals who love researching and put their skills to good use can rely on the government sector.
PhD holders carry a unique, innovative perspective that allows them to view complex problems, understand them and make practical, diplomatic choices.
There are several opportunities here, starting from the military sector (e.g. military research). If you are interested in politics, you can opt for a policymaker position in state and central government. You can also be a minister if you can work your way up with innovative diplomatic ideas.
In today’s world, the entrepreneurship sector is growing exponentially. Since information and technology are accessible to everyone, there’s a growing shift towards startups, self-employment, and innovation. PhDs holders carry the potential to be first-grade innovators/entrepreneurs.
Research shows that PhDs and entrepreneurial journeys are way more similar than they seem, and hence, students who have PhD degrees are very likely to thrive when they get into entrepreneurship.
The skillset required to be a consultant includes maintaining large amounts of data. Plenty of companies relies on MBA professionals and PhD holders for consultancy due to the increasing influence of technology in the real world.
Large consultancy firms hire PhD holders from all different fields. The idea is to leverage valuable data and glean helpful insights to empower business decision-making.
PhD and other advanced degrees help students shine in consultancy since there is a massive requirement for specialised expertise in today’s age. Therefore, if you have a PhD, consultancy is a very prominent job opportunity that can be highly rewarding.
5. Digital Media Company
The job description is to prepare reports providing a comprehensive analysis and context on various topics. It also includes preparing reports on artistic and cultural events. A PhD course equips you to be an individual with excellent writing and research skills. These are extremely handy when pursuing a writing job opportunity at media companies.
6. Research Associate
As the word suggests, a research associate job position requires you to gather data to determine whether consumers or companies find a product or service desirable or appealing.
For this job position, the skills you acquire during your PhD study (presentation and research skills) prove to be highly influential; these are the skills that help you excel in research.
Switching from academic research to corporate research, where the information acquired via research is used well, is a choice most professionals make these days since academic research can get monotonous and underwhelming at times.
7. Product Manager
The job profile of a product manager includes overseeing every aspect of the development, growth, maintenance, and improvement of a product.
Companies prefer PhD holders over other UG PG holders for positions that require overseeing or handling end-to-end tasks since a PhD equips you to handle multitasking effortlessly.
The role of a product manager doesn’t stop after product formulation and release. It extends to maintenance, improving product performance, devising marketing strategies, and enhancing product efficiency by bringing in new methods that can replace older ways. Online PhD programs offer you offer flexibility to manage your work and other commitments.
If you are looking to increase your chances of success as a PhD holder, we recommend joining upGrad’s Global Doctor of Business Administration from the ACBSP-accredited Swiss School of Business and Management. The 36-months program caters to 75+ nationalities and provides 12+ specialisations and 70+ faculty industry collaborations to help you succeed. There are 1:1 thesis supervisions to ensure you exploit your potential in your domain of choice.
The minimum requirement to pursue this degree is a Master’s Degree (or equivalent) or 5+ years of work experience.
Don’t wait, sign up and book your seat today!
Do PhD holders require communication skills to be successful?
Communication skills can effectively drive career potential since PhD holders are expected to deliver out-of-the-box thinking, management, and creative ways of solving problems via critical thinking. Developing communication skills is crucial in showcasing and presenting your ideas to technical and non-tech teams convincingly.
Should you opt for a master's or PhD?
PhD holders have the upper hand over Master’s or Bachelors's students across industries due to their high-end skill sets that include critical thinking, problem-solving, and effective decision making. In addition, their unmatched research skills and data management abilities make them an obvious choice for a host of high-profile roles across industries.
Is a PhD worth it from a financial point of view?
The average salary of PhD holders ranges between ₹ 6,00,000 and ₹ 12,00,000 per year, depending on the field of choice, experience, and skillsets. The average base salary for a PhD holder working as a professor is ₹16,73,000 per year, approximately ₹90k per month).