This is a pretty fair summary. A badly-paid software engineer (BS in CS) makes a little under a PhD in CS at a university. Which is where I'm at right now, literally. :-)
Grad school pay for a CS PhD is about $20K-$30K, assuming full funding, not a good assumption.
Run the numbers when you move the wage bar down from the 70-110K down to 20-30K (almost certainly without spouse/family health insurance) for about 4-8 years; then the followon work at a University won't pay well. Think about how many people would leave 30-40K on the table to go work for a university instead of doing ads. While most people aren't aces at finance, they can do the basic math that this calculation involves. :-)
The key problem, of course, is that research structures in the US are not designed to be profit returning; if they were, they'd look different and the really off-the-wall stuff wouldn't be done.
I, of course, am stupid enough to have gone for a MS, and am planning on pursuing a PhD. Hopefully I can get a job afterwards.
Grad school pay for a CS PhD is about $20K-$30K, assuming full funding, not a good assumption.
Run the numbers when you move the wage bar down from the 70-110K down to 20-30K (almost certainly without spouse/family health insurance) for about 4-8 years; then the followon work at a University won't pay well. Think about how many people would leave 30-40K on the table to go work for a university instead of doing ads. While most people aren't aces at finance, they can do the basic math that this calculation involves. :-)
The key problem, of course, is that research structures in the US are not designed to be profit returning; if they were, they'd look different and the really off-the-wall stuff wouldn't be done.
I, of course, am stupid enough to have gone for a MS, and am planning on pursuing a PhD. Hopefully I can get a job afterwards.