Doing a PhD in my 30s and I’m scared.
I was laid off from my job of 8+ years as a environmental data analyst in January. After 5 months of exhausting job search in frankly the worst job market I’ve ever seen, I finally landed 2 offers.
On one hand, I got a PhD scholarship in data science for 60k a year. I’ve always wanted a PhD as a child but as a first-gen university-goer with ADHD, it didn’t seem possible. It feels like a once-in-a-lifetime opportunity.
On the other hand, I have a job offer. It’s a horizontal move from my last job with the exact same title and pay about the same (90-100k). It’s hard to feel excited about it, in the context of all these seemingly random mass layoffs. Under this job market, having a new job doesn’t even guarantee short-term security.
Pros:
- it is my dream and my heart tells me to do it
- a PhD in data science from a top100 university in the world is bound to open doors.
- I’ll have 3 years to build connections.
- My partner is willing to cover for my reduced income.
Cons:
- I’m already “overqualified” for many jobs I apply for, with a master’s degree.
- My income will be slashed from 100k to 60k for 3 years.
- There is never any guarantee that you can finish a PhD.
What would you do?