When should I start working on my Master degree and PhD

AI Thread Summary
Pursuing a master's degree can significantly increase salary potential for mechanical engineers, especially after gaining work experience. Many recommend accumulating about five years of industry experience before returning to school for further education. A PhD is generally more beneficial for those aiming for academic positions or research careers, rather than for salary enhancement. While a master's degree is likely to yield a pay increase, a PhD may not have a substantial impact on earnings. Ultimately, the decision should align with career goals and aspirations in the engineering field.
dmunene2000
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Hello, I am currently doing a coop with a nuclear power company as a mechanical engineer. I was wondering if it is worth it to keep going with my education as far as a masters degree then phd, or will it not make a difference in pay?
 
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get an experience first and then do your Master. (and yes the Master will raise your salary).
like 5 years of work experience and then go back to school.
get a PhD if you want to go into the academic field like being a professor but about the paying thing ,a PhD won't make a big difference.
 
Getting a master's degree can help increase your pay. Getting a PhD may or may not but that is a whole different animal that you should only do if you want a career in research.
 

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