When you work in an academic line of work, at some point, you may find yourself facing credential regret.
Credential regret is the career form of opportunity cost (an economic concept in which making one choice prevents the gain you could have gotten from selecting another alternative). Credential regret is that sinking feeling that your time spent pursuing a Ph.D. or J.D. would have been gotten you farther along in your current career by simply working instead, putting in time on the job. You would be farther along – professionally, and even financially – had you used that time to simply climb the ranks in your current job family from the get go.
I would love to be able to tell you that your conclusion is probably incorrect, but the reality is that most employers – even higher ed employers – usually place greater value on the length and nature of work experience than on advanced degrees. Here are 2 points to help you understand credential regret.