I do not think this applies to undergraduates. The current lifetime earning difference between someone with a bachelors and someone with no degree was close to a million dollars last time I checked, that is strong monetary motivation to get the degree. I do not have the figures to compare for someone with a bachelors and someone with a PHD, but anecdotally it seems fairly small.
More than that, there are a great many non-research career tracks that are only open to someone with a degree, and a great many others that don't technically require a degree but go much more smoothly.
It only makes sense to pursue a PHD if you have both a passion for that field and at least enough money to handle the necessities. For most people, it makes sense to get a bachelors if you are able.
More than that, there are a great many non-research career tracks that are only open to someone with a degree, and a great many others that don't technically require a degree but go much more smoothly.
It only makes sense to pursue a PHD if you have both a passion for that field and at least enough money to handle the necessities. For most people, it makes sense to get a bachelors if you are able.