Master's or PhD for NE Career: What's Required?

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In the discussion about career requirements in the NE field, a Master's degree is often sufficient for higher-paying jobs, while a PhD may not be necessary but can be advantageous. Companies may prefer candidates with a Master's to avoid the higher salary expectations associated with PhD holders. The demand for specific specialties, such as computational physics or numerical analysis, can significantly impact salary potential. Diversification in skills also increases an individual's value in the job market. Ultimately, experience plays a crucial role in determining salary levels.
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I've been doing research into the field as a possible career, and I usually see careers in the post-Bachelor and post-Master's catagories, but not post-Doctorate. Is a Master's degree what's usually required for the higher paying jobs in the industry, or do most require a Phd?
 
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Probably MS is sufficient, but PhD is OK. My company prefers to hire MS or PhD, and we encourage MS to consider PhD.

Some companies may prefer MS because a PhD might expect a higher salary.

The situation may depend on one's specialty, e.g. computational physiscs/numerical analysis are in demand. A unique specialty which is in demand can allow one to command a higher salary. Also, the more diversified, the valuable one is.

Salary also depends on experience.
 

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